FundingShield’s Adam Chaudhary was recently featured in NEXT Mortgage News’ NEXT Summer 20 virtual event. Adam shared how FundingShield works to protect against title and wire fraud. [intense_video video_url=”https://youtu.be/iojkkoogRT0″ show_badge=”0″ show_byline=”0″ show_portrait=”0″]
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FundingShield’s Ike Suri was recently featured on a virtual panel at the Mortgage Innovators Conference discussing the importance of cybersecurity and what people need to be doing now to protect themselves. [intense_video video_url=”https://youtu.be/LZo14pLqfOw” show_badge=”0″ show_byline=”0″ show_portrait=”0″]
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FundingShield’s Adam Chaudhary was recently part of a Tech Demo at the Mortgage Innovators Conference detailing FundingShield’s WAVs and Guardian Service. [intense_video video_url=”https://youtu.be/4tuZC_Gk9hg?t=988″ show_badge=”0″ show_byline=”0″ show_portrait=”0″]
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HousingWire recently highlighted FundingShield’s analysis of Q2 2020 which showed a significant rise in fraud and risk exposures, as compared to Q1. Click here to read the entire article.
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Lenders need to safeguard their Ops and workflows from an epidemic rise in Wire/ Title Fraud, Risk and Compliance further exacerbated by the rise in work from home. FundingShield CEO Ike Suri shared their Q2-2020 analytics, “The risk of wire and title fraud in the closing and settlement space continues to grow due to fast moving changes in closing practices, Work-from-home and more due to COVID-19. Comparing Q1 vs Q2-2020 we saw an alarming increase in fraud/risk exposure in CPL errors/issues of nearly 50%, 530% increase in CPL/Agent validation errors with title insurers and nearly 135% increase in state licensing
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