Buying or refinancing a home is one of the most significant financial decisions you’ll make. Unfortunately, it can also make you a target for fraud.
Mortgage fraud is becoming more sophisticated, often appearing in ways that feel legitimate and urgent. From fake emails posing as lenders to wire transfer scams during closing, even careful buyers can be caught off guard if they’re not aware of the warning signs.
Common Mortgage Fraud Tactics to Watch For
Wire Fraud Scams
Fraudsters impersonate escrow or title companies and send “updated” wiring instructions right before closing, when timing is critical.
Phishing Emails & Texts
Messages that appear to be from your lender but are designed to collect login credentials or personal information.
Title Fraud
Criminals attempt to transfer ownership of your property without your knowledge, sometimes targeting vacant or rental homes.
Loan Modification Scams
Bad actors promise to “fix” your mortgage or reduce payments for a fee, but provide no legitimate service.
How to Protect Yourself
Always verify wiring instructions by calling a trusted, known number, not one provided in an email.
- Be cautious of urgent or last-minute changes in communication.
- Never share sensitive financial information via email or text.
- Regularly monitor your financial accounts and credit activity.
How NW Plus Helps Safeguard You
At NW Plus, protecting our members is just as important as helping them achieve their financial goals. Our mortgage and financial teams prioritize secure communication, verified processes, and transparency at every stage.
We also provide ongoing education so you can recognize red flags early and act with confidence. Whether you’re purchasing your first home or refinancing, NW Plus is a trusted partner helping you stay informed and protected.
Never share your account number, passwords, answers to security questions, or other account information. We will never ask you for this type of information when we call or email you. If someone claiming to be a NW Plus CU representative asks for sensitive account information over the phone or in an email, end the conversation immediately, and call us at 425.297.1000 or come to one of our branches to report the incident.
