Is "External Withdrawal CARRINGTON MTG - MTG PYMT" fraud?

Written by Aiden Lee

June 18th, 2024

Medium Risk

What is "External Withdrawal CARRINGTON MTG - MTG PYMT"?

Carrington Mortgage Services has been in business since 2007. The company provides a range of mortgage lending services, including home purchase loans, refinance loans, and government-backed loans such as FHA, VA, and USDA loans. They also offer loan servicing, which includes managing monthly payments, escrow services, and customer support for existing loans. Additionally, Carrington Mortgage Services provides options for borrowers with various credit profiles, aiming to assist a wide spectrum of homebuyers and homeowners.

External Withdrawal: Transaction type indicating money being taken out of an account.

CARRINGTON MTG: The name of the entity involved in the transaction, likely a mortgage company.

MTG PYMT: Purpose of the transaction, indicating this is a mortgage payment.

Verify if this transaction is fraud in 30 seconds

Verify With Receipt

The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.

Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

STEP 1

Connect your Email

Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

STEP 2

Connect Your Bank

Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

STEP 3

Reconcile

Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.