Posts by Vanshika

    Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Concerns of Wire, Title Fraud Still High in Q3” FundingShield, Newport Beach, Calif., reported risks of wire and title fraud remained high in third-quarter data, although fairly flat from the previous quarter. The report identified 49.2% of loans in the quarter as having at least one risk issue. Q2 clocked in at 50%, and the number was as low as 35.7% of loans in the first quarter of 2022. “Tech innovations that have been deployed by mortgage companies have helped bring down closing costs, however these emerging technologies being introduced such
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    National Mortgage News Covers FundingShield Q3 2023 Wire & Title Fraud Risk   FundingShield CEO Ike Suri spoke on the panel: “Innovation: Addressing the Needs for the Next Generation of Homebuyers” at Housing Finance Strategies #HousingDC23 alongside mortgage and tech leaders. Generational affordability for new time homebuyers remains a challenge amidst burdensome rental costs, higher mortgage rates and stubbornly high home prices. This expert panel discusses some of the offerings in the marketplace that offer alternative entry products and analytics to prepare homeowners, augment purchasing power and offer security to the wire transaction as aspiring homeowner reach the
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    National Mortgage News Covers FundingShield Q3 2023 Wire & Title Fraud Risk   National Mortgage News reports that Title and Wire Fraud Risks Appeared in Nearly half of Q3 Loans: See full article on the National Mortgage News Site at the following link: https://www.nationalmortgagenews.com/news/title-and-wire-fraud-risk-appeared-in-nearly-half-of-3q-loans?utm_campaign=editorial-content&utm_medium=organic&utm_source=linkedin
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    FundingShield - Q3 - 2023 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri   Q3 2023 REPORT Wire and title fraud remain at alarming highs in 2023. With 49.2% of loans in Q3 2023 having at least one risk issue.     Quarterly Data and Analytics for Q3 2023 During Q3 2023 49.2% of transactions on a $61.3bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had almost 2 issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues. Q3 yielded
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    FundingShield Announces Partnership with SitusAMC to Deliver Integrated Fraud Prevention Services   NEWPORT BEACH, Calif. & NEW YORK–(BUSINESS WIRE)– – FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with – SitusAMC, a technology firm whose innovative, trusted solutions power the lifecycle of commercial and residential real estate finance. Together, the partners hope to protect financial institutions from the – rapid increase in wire and title fraud – in recent years. Data security, payment risk and cybersecurity risks have become more pervasive in the banking space. Lenders are seeking
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    FundingShield Announces Strategic Partnership with Tata Consultancy Services to Increase Accessibility to Wire Fraud Prevention Solutions in the Financial Services Industry   NEWPORT BEACH, Calif. | MUMBAI, India — September 5, 2023 — FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions. Together, with FundingShield’s award-winning wire fraud prevention tools and TCS’ deep technology expertise and longstanding financial industry experience , the partners hope to protect even more lenders, home buyers, and sellers from
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