When the mortgage request was submitted, the technology flagged the issue and forced the lender to seek confirmation from the legal owner. EquityProtect then contacted the daughter, halting the scam process. “I was shocked when I heard from EquityProtect that my father was attempting to take out a mortgage on his home, as he has no need,” the victim’s daughter said. “I was so thankful we had EquityProtect’s technology in place to stop this before it happened.”The homeowner’s identity is being withheld due to the ongoing investigation, EquityProtect added. The FBI’s Boston Division reported $4.88 billion in losses from 147,127 complaints in 2024 — a 46% increase in complaints and 43% increase in financial losses compared with the previous year.