Monthly Archives October 2024

FundingShield & OptiFunder enter into an integration agreement providing integrated wire and title fraud prevention solutions to clients

October 25, 2024 | by | Comments Off on FundingShield & OptiFunder enter into an integration agreement providing integrated wire and title fraud prevention solutions to clients

  FundingShield & OptiFunder enter into an integration agreement providing integrated wire and title fraud prevention solutions to clients NEWPORT BEACH, Calif. –(BUSINESS WIRE)– FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into an integration agreement with OptiFunder, the creators of OptiFunder WMS and Greyhound Warehouse Management System whose innovative solutions power automation from mortgage loan funding, through the warehouse and investor delivery process. The integration will further drive ROIs to independent mortgage bank and warehouse lending clients that OptiFunder and FundingShield serve delivering on their common goals of funding process optimization,
Read More

Categories: Media, News Letters, and Press.

Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop”

October 21, 2024 | by | Comments Off on Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop”

    Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop” FundingShield, Newport Beach, Calif., found that during the third quarter, 46.43% of transactions on an $82 billion portfolio of residential, commercial and business purpose loans had issues leading to a risk of wire and title fraud. While that’s still nearing half of all transactions, it is a slight dip both from Q2 (47.08%) and Q3 2023 (49.2%). Click this link for the full article from MBA NewLink Full article
Read More

Categories: featured and Media.

FundingShield Q3 – 2024 – Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri

October 14, 2024 | by | Comments Off on FundingShield Q3 – 2024 – Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri

    FundingShield - Q3 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri   Q3 2024 REPORT   Quarterly Data During Q3 2024 46.43% percent of transactions on a $82bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.23 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q3 2024 saw record-high risk levels for CPL related errors (45.1% of transactions) for critical data points such as borrower information,
Read More

Categories: featured, Media, and Press.