Monthly Archives August 2017

Fundingshield Newsletter 121: Increased Cyber Security Breaches & Wire Fraud Impact the Mortgage & Real Estate Industry

Recent cyber security reports continue to highlight the increased intensity and scope of various schemes being used to steal millions in real-estate settlements and  experts agree the vast majority of incidents are never reported or discussed.  2017 has started off at a blistering pace for record losses for the industry related to cyber criminal attacks on fund movements.  During 2016, at a single government agency alone an estimated $19 million in real estate purchase transactions funds were reported lost as a result of diverting or manipulating the communications of key industry participants.  Such participants including but were not limited to
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Categories: News Letters.

Fundingshield Newsletter 120 – Importance of Fin-tech/Reg-tech Investments in Mortgage Bank M&A & Consolidation

Total loan value of verified, validated and certified loan closings to end of year 2016 Total $ amount of transactions identified as erroneous / fraudulent &  corrected or redirected with FundingShield Certification Cost of FundingShield Certification versus Dollar Value of Potential Client Loss Exposure: Top 25 mortgage lenders clients serviced ~ $108 Billion+ ~ $19 billion+ >0.05% 8 Importance of fin-tech / reg-tech investments by mortgage banks in mergers or entities seeking consolidation. The Mortgage banking market continues to go through consolidation where a number of our clients and prospects in our development & on-boarding pipeline have found value in
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Categories: News Letters.