Issue 117: March 29, 2017 Total loan value of verified, validated and certified loan closings to date Total dollar amount of transactions identified as erroneous / fraudulent and then corrected and/or redirected with FundingShield Certification Cost of FundingShield Certification versus Dollar Value of Potential Client Loss Exposure: Top 25 mortgage lenders clients serviced ~ $100 Billion+ ~ $17 billion+ >0.05% 8 “In light of the recent hacks and cyberattacks hitting closing agents which impacted some of our mortgage banking clients we began dialogue with several vendors for added cost effective solutions
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Monthly Archives March 2017
FundingShield Announces Ike Suri as CEO and Launches a New Array of Products, Pricing & Service Bundles with Enhanced Tools for Fraud and Risk Mitigation in the Mortgage Industry
March 06, 2017 03:27 PM Eastern Standard Time NEWPORT BEACH, Calif.–(BUSINESS WIRE)–FundingShield announced that its Chairman Ike Suri would be taking the role of CEO, partnering with the firm’s President, Adam Chaudhary to execute the firm’s growth strategy. Adam commented, “Ike brings 25 years of experience and relationships as a principal and operator in private equity, technology, human capital management and strategic situations. He has led various efforts in financial services, banking, technology solutions and investments. The valuable risk management and technology aptitude he brings is already reflected in the strategy, operations and product offering at FundingShield.” FundingShield’s technology-enabled services
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