Wire and title fraud risk spiked in the first quarter of this year while closing and settlement firms leveraged new RON, eClosing and other automation technologies and various cyber security breach events took place at a national scale. Prolonged Work-From-Home policies as well as customer convenience demands have driven the need to expand and leverage many of these eClosing technologies which have increased speed but such solutions are not fraud prevention tools. Comparing Q1 2021 vs Q4-2020 there was an alarming increase in fraud/risk exposure surrounding CPL errors/issues of 163%, a 22 times increase in CPL/Agent validation
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Monthly Archives April 2021
FundingShield Demo’s at the MBA Spring21 conference
FundingShield shared its fintech, market-leading solutions in Wire & title fraud risk management to the mortgage industry at the Mortgage Bankers Associations national Spring21 conference. See the video link below: https://youtu.be/Hk28fDmkj4k Contact sales@fundingshield.com for a demo!
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Media, News Letters, Press, and Press Releases.
“What Makes a Risky Vendor” with Adam J. Chaudhary
Jim Paolino, LodeStar Software Solutions talks about the “Problems the industry is facing and how we are working tirelessly to help the consumer.” with Adam J. Chaudhary (President of FundingShield).
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Media, News Letters, Press, and Press Releases.
NEW PODCAST ALERT! “The Most Interesting Man in Mortgage Discusses His Business, Fraud Prevention & Movies” with Ike Suri
Mike Eshelman, CMB┬«, AMP talks with “The Most Interesting Man in Mortgage” Ike Suri (Chairman & CEO of FundingShield) and discusses his business, fraud prevention & movies – Listen now!
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Media, News Letters, Press, and Press Releases.
FundingShield presents at HousingWire’s April 6 demo day
FundingShield President Adam Chaudhary Demos FundingShield’s wire and title fraud prevention FinTech tools. Find the video below –
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Media, News Letters, and Press.