FundingShield – Q4 – 2023 – Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri Q4 2023 REPORT Wire and title fraud risk reached all time highs for Q4 2023. With 51.8% of loans in Q4 2023 having at least one risk issue. This is a ~5% rise from Q3 2023. Quarterly Data During Q4 2023 51.8% percent of transactions on a $61bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.2 issues per loan indicating the lack of appropriate controls by closing agents to identify
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Monthly Archives January 2024
FundingShield Successfully Completes SOC 2 Audit
FundingShield Successfully Completes SOC 2 Audit FundingShield, a fintech focused on wire and title fraud prevention in the financial services market, today announced its successful completion of its SOC 2 audit. Follow this link for the full article from Business Wire Full article
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