FundingShield Q3 2022 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri Wire and title fraud risk reached a new record in the third quarter of 2022 at 47.9% of transactions having at least one risk issue. With the contraction in market transaction volumes the impact is that much more severe for lenders where a single wire or title fraud event could be catastrophic. Business email compromise (BEC) attacks in real estate have appeared in media outlets such as Bloomberg’s recent article that shed light on this blind spot that has been overlooked from a risk prevention perspective.
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Posts by Vanshika
FundingShield recognized in the Inc5000 fastest growing co list in the US for the 2nd year in a row
For 2 years in a row, FundingShield Appears on the Inc. 5000, NEW YORK, August 16, 2022 – Today, Inc. revealed that FundingShield is No. 845 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segmentÔÇöits independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. “Team FundingShield is excited to be recognized in the Inc5000 fastest growing co list
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Expert Insights for Scaling Real Estate Investors
Expert Insights for Scaling Real Estate Investors
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FundingShield CEO Ike Suri Interviewed by HousingWire to discuss Q2 2022 Wire & Title Fraud Analytics
FundingShield CEO Ike Suri Interviewed by HousingWire to discuss Q2 2022 Wire & Title Fraud Analytics View Interview Video Below. For the full article from HousingWire click Here
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Fraud Risk Continues to Rise even as the Market Contracts
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FundingShield Wire Fraud Analytics Q2 2022
FundingShield Q2 2022 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri Wire and title fraud risk remained at all time high levels in the second quarter of 2022 while the market contracted, rates increased, and fraud risk continued to rise. Several national law firms, title agents and independent agents had business email compromise events that FundingShield uncovered after these firms had emails going to market with fraudulent wire instructions unbeknown to anyone at the closing agent / law firms. Comparing Q2 2021 vs Q1-2022 there was an alarming increase in fraud/risk exposure surrounding wire related issues of
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NMP Magazine 2022 MOST CONNECTED Mortgage Professionals
NMP Magazine 2022 MOST CONNECTED Mortgage Professionals Page 56
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FundingShield’s Ike Suri and Adam Chaudhary Cyber Security Tech Talk at CMBA Mortgage Innovators 22
FundingShield’s Ike Suri and Adam Chaudhary Cyber Security Tech Talk at CMBA Mortgage Innovators 22 #MIC22: Mortgage Innovators Conference bring together experts, industry leaders, and of course, innovators.
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FundingShield CEO Ike Suri leading a panel on Cyber Security at #MBATech22 in Las Vegas
FundingShield CEO Ike Suri leading a panel on Cyber Security at #MBATech22 in Las Vegas #MBATech2022: Mortgage Industry Faces Growing Security Risks, Security risks don’t just mean breaches and ransomware. Increasingly, individuals and companies are losing money due to wire fraud and other attacks. Continue reading…
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FundingShield attended ICE Mortgage Experience 22
FundingShield attended ICE Mortgage Experience 22 FundingShield attended ICE Mortgage Experience 22 on March 14-16 demonstrating how its award winning solutions can deliver wire and title fraud prevention to Encompass user with a single click
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