Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Concerns of Wire, Title Fraud Still High in Q3” FundingShield, Newport Beach, Calif., reported risks of wire and title fraud remained high in third-quarter data, although fairly flat from the previous quarter. The report identified 49.2% of loans in the quarter as having at least one risk issue. Q2 clocked in at 50%, and the number was as low as 35.7% of loans in the first quarter of 2022. “Tech innovations that have been deployed by mortgage companies have helped bring down closing costs, however these emerging technologies being introduced such
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