Newport Beach, CA – Pelican Point Capital Partners, LLC., is pleased to announce that it has taken a 90% plus controlling ownership stake in FundingShield LLC, a financial technology firm providing transaction level risk mitigation for the residential mortgage market. FundingShield’s unique service verifies the 3rd parties (closing agents, closing attorneys, title companies and their associated bank information) to each transaction for its clients and verifies the documents that support the Closing Protection Letters (CPLs) so that its clients are afforded proper protections in the event of a defalcation. Further the company has uncovered several hundred million in potential diverted
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Posts by FundingShield
Pelican Point Capital Partners, LLC., Announces an Increased Majority Ownership Stake in FundingShield LLC with a Growth Strategy Being Led by Adam J. Chaudhary
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pelican Point Capital Partners, LLC., announced that it has further increased its ownership stake in FundingShield LLC, a financial technology firm focused on risk mitigation in mortgage closing protection letters (CPLs). The company is primed to secure additional sizeable contracts from household name lenders which should set the company on an aggressive growth pattern for 2015 with both mortgage lending and title insurance companies as target clients. “The increased regulatory, compliance and narrowing margin for error in the mortgage industry has generated a hypersensitive need to ensure operational efficiencies and controls. Further challenging this is the need
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PELICAN POINT CAPITAL PARTNERS, LLC., ANNOUNCES AN INCREASED OWNERSHIP STAKE IN FUNDINGSHIELD LLC AND APPOINTMENT OF ADAM J CHAUDHARY AS CEO OF FUNDINGSHIELD LLC.
Newport Beach, CA (January 9, 2014) – Pelican Point Capital Partners, LLC., announced that it increased its ownership stake in FundingShield LLC, a financial technology firm focused on risk mitigation in mortgage closing protection letters (CPLs). Further Pelican Point Capital announces the appointment of its partner, Adam J. Chaudhary, as FundingShield’s CEO. Pelican Point Capital views this investment as a strategic leveraged technology play in the mortgage finance space given FundingShield’s product set that provide verification of closing agents and the parties and processes to a closing in closing protection letters (CPLs). FundingShield’s products complement and in many cases greatly
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