MBA Newslink Covers FundingShield Q4 2024 Fraud Risk Report MBA Newslink has featured FundingShield’s Q4 2024 Fraud Risk Report, highlighting critical insights into the current landscape of mortgage and settlement fraud. View covering here. Read our report here. Contact Sales@fundingshield.com for more information.
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Monthly Archives January 2025
FundingShield Q4 – 2024 – Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri
FundingShield - Q4 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri Q4 2024 REPORT Quarterly Data During Q4 2024 45.5% percent of transactions on a $84.1bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.2 issues per loan, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q4 2024 saw record-high risk levels for CPL validation related errors (10.3% of transactions) for critical data points such as
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