Monthly Archives October 2023

    National Mortgage News Covers FundingShield Q3 2023 Wire & Title Fraud Risk   FundingShield CEO Ike Suri spoke on the panel: “Innovation: Addressing the Needs for the Next Generation of Homebuyers” at Housing Finance Strategies #HousingDC23 alongside mortgage and tech leaders. Generational affordability for new time homebuyers remains a challenge amidst burdensome rental costs, higher mortgage rates and stubbornly high home prices. This expert panel discusses some of the offerings in the marketplace that offer alternative entry products and analytics to prepare homeowners, augment purchasing power and offer security to the wire transaction as aspiring homeowner reach the
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    National Mortgage News Covers FundingShield Q3 2023 Wire & Title Fraud Risk   National Mortgage News reports that Title and Wire Fraud Risks Appeared in Nearly half of Q3 Loans: See full article on the National Mortgage News Site at the following link: https://www.nationalmortgagenews.com/news/title-and-wire-fraud-risk-appeared-in-nearly-half-of-3q-loans?utm_campaign=editorial-content&utm_medium=organic&utm_source=linkedin
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    FundingShield - Q3 - 2023 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri   Q3 2023 REPORT Wire and title fraud remain at alarming highs in 2023. With 49.2% of loans in Q3 2023 having at least one risk issue.     Quarterly Data and Analytics for Q3 2023 During Q3 2023 49.2% of transactions on a $61.3bn 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 controls by closing agents to identify and fix issues. Q3 yielded
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    FundingShield Announces Partnership with SitusAMC to Deliver Integrated Fraud Prevention Services   NEWPORT BEACH, Calif. & NEW YORK–(BUSINESS WIRE)– – FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with – SitusAMC, a technology firm whose innovative, trusted solutions power the lifecycle of commercial and residential real estate finance. Together, the partners hope to protect financial institutions from the – rapid increase in wire and title fraud – in recent years. Data security, payment risk and cybersecurity risks have become more pervasive in the banking space. Lenders are seeking
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