Monthly Archives April 2024

John Hedlund, Mortgage Industry Veteran & Operations Leader, Joins FundingShield Advisory Board.

April 23, 2024 | by | Comments Off on John Hedlund, Mortgage Industry Veteran & Operations Leader, Joins FundingShield Advisory Board.

  John Hedlund, Mortgage Industry Veteran & Operations Leader, Joins FundingShield Advisory Board. Newport Beach, California, April 24, 2024: FundingShield is pleased to announce that – John Hedlund has joined its advisory board. John Hedlund, founder of Adanac Advisory Group (AAG), a boutique advisory and consulting firm, recently retired from AmeriHome Mortgage, a Western Alliance Bank Company where John was Chief Operating Officer and Managing Director. John was one of the original founders (2013) of Amerihome and helped lead the sale to Western Alliance Bank in 2021. AmeriHome quickly grew from inception to become the 2nd largest Correspondent Lender in
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Categories: Media, News Letters, and Press.

HousingWire Interviews FundingShield’s CEO on Q1 2024 Wire Fraud Analytics

April 22, 2024 | by | Comments Off on HousingWire Interviews FundingShield’s CEO on Q1 2024 Wire Fraud Analytics

    HousingWire Interviews FundingShield’s CEO on Q1 2024 Wire Fraud Analytics   The HousingWire article highlighted our report that” Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud, according to a report released Wednesday 4/22.” To view the full article follow the link below: Nearly half of loans processed in Q1 showed fraud risks: FundingShield
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Categories: featured and Media.

FundingShield – Q1 – 2024 – Fraud Analytics

April 16, 2024 | by | Comments Off on FundingShield – Q1 – 2024 – Fraud Analytics

    FundingShield – Q1 – 2024 – Fraud Analytics   Q1 2024 REPORT Despite a slight decline from the record-breaking Q4 2023, wire and title fraud risk in Q1 2024 remained concerningly high. Nearly half (48.0%) of loans processed in Q1 still exhibited at least one risk factor.     Quarterly Data During Q1 2024 48% percent of transactions on a $65bn portfolio compromising of residential, commercial and business purpose loans, had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.22 issues per loan indicating the lack of appropriate controls by closing
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Categories: featured, Media, and Press.