Posts by FundingShield

Volly Announces New Integration Partnership with FundingShield

Volly, an industry-leading provider of SaaS-based enterprise technology and marketing solutions for banks, credit unions and mortgage lenders, including CRM, Marketing Automation, Marketing Portal, Portfolio Retention, POS and Loan Officer Website solutions, announced that it has entered into an integration partnership with FundingShield, a market-leading provider of wire fraud prevention, mortgage compliance and risk management fintech solutions. This seamless integration allows lenders to utilize FundingShield’s wire fraud and settlement risk management technology through the Volly POS platform. Known as the Guardian Service, this technology provides a loan level certificate of assurance that confirms good settlement, valid CPL coverage, wire account
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Categories: Media, Press, Press Releases, and Uncategorized.

As America Moves to WFH, Cyber-Security has Never Been More Important – Solutions in a single click for EllieMae and API Users

  The response to the novel Coronavirus in the mortgage industry has been justifiably rushed. Unfortunately, as lenders move quickly to ensure business continuity by moving to work from home (WFH) environments, vulnerability to bad actors has been amplified like never before. Wire fraud and regulatory compliance violations have risen by an additional 62% within the last 10 business days alone. It is crucial to take the necessary steps to prevent wire and title fraud with FundingShield’s fintech solutions- now more than ever. During this volatile time, leveraging an API driven digital strategy is paramount to success. FundingShield’s partnership with
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Categories: Media, Press, and Press Releases.

2020 HW Tech100 Real Estate winner: FundingShield

FundingShield is a fintech firm offering plug-and-play, scalable, cloud-based risk, compliance and fraud technology solutions to protect the mortgage, real estate, title, and legal industries from wire fraud, social engineering attempts, injection attacks and regulatory and compliance risk with third parties. Using its customized APIs, FundingShield provides actionable transaction-level intelligence. The company emphasizes clear communication and uses a binary pass/fail intelligence. $6 billion closings halted by clients or redirected More than $530 billion closing value monitored $90 billion flagged for closing deficiency or inconsistency
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Categories: Media, Press, and Press Releases.

Wire Fraud Consequences to Mortgage Lenders

By Sabrina Park Ike Suri and Adam Chaudhary of fintech firm, FundingShield, talk wire and title fraud prevention in the mortgage industry—a new target for hackers with sophisticated technology designed to sidestep internal fraud controls. Less than 6 months ago, we were having a conversation with a reverse mortgage lender who had personally experienced a fraudulent attack on a $200,000 wire transfer. The lost funds were never recovered. When you get right down to it, law enforcement can’t keep up with the rapid pace at which internet crime is rising. And with fraudulent reports increasing by 1,100%, the FBI has
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Categories: Media, Press, and Press Releases.

FundingShield Announces Integration With Ellie Mae’s Encompass

Partnership enables lenders to access FundingShield’s Guardian Service for closing agent vetting and wire fraud prevention at the transaction level using its market leading fintech tools   https://www.businesswire.com/news/home/20191016005256/en/Fundingshield-Announces-Integration-Ellie-Mae%E2%80%99s-Encompass   Newport Beach, CA – October 16, 2019 – FundingShield, a market leading provider of wire fraud prevention, mortgage compliance and risk management fintech solutions, announced that its comprehensive wire fraud and settlement risk management technology, the Guardian Service, is now available through Encompass ® by Ellie Mae ®. The seamless integration allows lenders to order FundingShield’s Guardian Service directly through the Encompass digital mortgage solution to drive quality and efficiency in
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Categories: Press and Press Releases.

Ike Suri, FundingShield Chairman & CEO, Named Tech Trendsetter 2019 by HousingWire Magazine.

Write Up From HousingWire: 2019 HW Tech Trendsetter: Ike Suri An investor and enterprise builder, Ike Suri can form a vision, design a plan and implement, execute and deliver successful solutions for clients and consumers in technology and tech related industries. CONTACT INFO@FUNDINGSHIELD.COM FOR ANY MEDIA INQUIRIES
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Categories: Media and Press.

FundingShield Receives MISMO® Software Certification for Wire Fraud Prevention Technology

NEWPORT BEACH, Calif. (October 9, 2019) – FundingShield, an industry leading innovator within the mortgage fintech industry, is pleased to announce that its wire fraud prevention software products, Guardian Service and Wire Account Verification Service, have received Premiere Level Certification from MISMO®, the mortgage industry’s standards organization. Premiere Level Certification is the highest certification given by MISMO.   “We are delighted to have FundingShield successfully certified MISMO compliant,” said Ike Suri, Chairman and CEO, FundingShield, LLC. “This is an important step towards a better customer experience through safeguarding data, preventing wire fraud, managing risk, and ensuring loan level transaction compliance.”
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Categories: Press and Press Releases.

FundingShield’s Chairman & CEO, Ike Suri, interviewed by MortgageMedia’s Dave Matthews

CLICK ON IMAGE BELOW TO VIEW THE FULL INTERVIEW AND WRITE UP FROM MorgtgageMedia Loan Security: Don’t Bring a Knife to a Gunfight
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Categories: Media and Press.