Newport Beach, CA (January 9, 2014) – Pelican Point Capital Partners, LLC., announced that it increased its ownership stake in FundingShield LLC, a financial technology firm focused on risk mitigation in mortgage closing protection letters (CPLs). Further Pelican Point Capital announces the appointment of its partner, Adam J. Chaudhary, as FundingShield’s CEO. Pelican Point Capital views this investment as a strategic leveraged technology play in the mortgage finance space given FundingShield’s product set that provide verification of closing agents and the parties and processes to a closing in closing protection letters (CPLs). FundingShield’s products complement and in many cases greatly
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