Monthly Archives July 2023

    Mortgage Bankers Association’s MBA Newslink reports “FundingShield Finds Wire, Title Fraud Big Risk in Q2 (2023)” FundingShield‘s Q2 2023 wire fraud & title fraud risk report was featured in the Mortgage Bankers Association‘s “MBA Newslink”. Click below to read through how cybersecurity gaps and business email compromise “BEC” attacks at lenders and their vendor/supplier networks are increasing fraud risk despite lower loan volumes.   Follow this link for the full article from MBA NewLink Full article
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    FundingShield CEO Ike Suri Featured on the Chrisman Commentary Podcast to discuss the Q2 2023 Wire and Title Fraud Report   Listen to Ike Suri, CEO of FundingShield, being interviewed on Rob Chrisman’s “The Chrisman Commentary.” Ike discusses wire fraud, title fraud, market risk and the FundingShield Q2 2023 Wire and Title Fraud Report on the July 25, 2023 episode.  
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    FundingShield CEO Ike Suri on the Panel “Cyber Security, Fraud and You”   Explore cybersecurity & fraud threats in mortgages with CEO Ike Suri & experts at CMBA Mortgage Innovators 2023. Discover best safeguards for your business! Watch the discussion below and learn about the best safeguards for your business!
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    FundingShield Q2 2023 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Q2 2023 REPORT Wire and title fraud continue to persist at alarming highs in 2023. With 50.2% of loans in Q2 of 2023 having at least one risk issue, it’s evident that the risk of a fraud event has gone up despite stagnant or declining volumes compared to 2022. Quarterly Data During Q2-2023 50.2% percent of transactions on a $68bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had almost 2 issues per loan indicating the lack of appropriate
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