Archives for featured

    FundingShield President council sponsors of the California Mortgage Bankers Western CREF 24 as President’s Council Sponsor’s   FundingShield sponsored and attended the California Mortgage Bankers Western CREF 24 as President’s Council Sponsor’s of the commercial real estate conference held at the ARIA Resort & Casino Las Vegas. Our CEO Ike Suri (On the board of the California MBA) and our president Adam J. Chaudharymet clients and partners across the private capital, commercial real estate finance and real estate brokerage spaces across the country. Contact Sales@fundingshield.com to discuss our solutions that protect fund movements, vet and verify closing agents,
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    FundingShield President Adam J. Chaudhary joined Seyfarth Shaw Partner, Arren Goldman “The Property Line” podcast   FundingShield’s President Adam J. Chaudhary joined Seyfarth Shaw LLP’s Partner Arren Goldman on the Seyfarth Podcast “The Property Line: Safeguarding Your Deals from Title and Wire Fraud” As new technologies evolve, the risks of #wirefraud & #titlefraud continue to grow. To successfully navigate closing and funding processes, real estate professionals must stay informed and protect against current risk factors – tune in on the link below to hear some insights from our team: https://www.seyfarth.com/news-insights/the-property-line-safeguarding-your-deals-from-title-and-wire-fraud.html Contact Sales@fundingshield.com for more information.
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    Team FundingShield Attends MISMO Fall Summit in Washington D.C.   Team FundingShield had a great experience attending the Mortgage Bankers Association’s MISMO Fall Summit in Reston, VA. Our CEO, Ike Suri, had the opportunity to join fellow MISMO board members from Fannie Mae, Freddie Mac, ICE Mortgage Technology, CoreLogic, PENNYMAC, Experian, J.P. Morgan, Wells Fargo, Rocket Mortgage, Mr. Cooper, Sagent, United Wholesale Mortgage, Fairway Independent Mortgage Corporation, PrimeLending, A PlainsCapital Company, Radian, Walker & Dunlop, and CBRE. Our team, including our president, Adam J. Chaudhary, engaged in insightful discussions with clients and tech partners. If you missed us
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    FundingShield CEO, on Keynote Panel of Western Secondary 2024   Our CEO Ike Suri sat on the Keynote CEO Panel alongside Terry Schmidt (Guild Mortgage), Bill Lowman (American Pacific Mortgage), and Doug Jones (PENNYMAC) discussing leadership from a multitude of perspectives and the journeys that formed each panelists success. We hosted several leaders from mortgage lending, warehouse banking and title insurance at the California MBA hashtag#CAMPAC Golf Tournament where Ike Suri and Adam J. Chaudhary (our President) hosted T.J. Harrington (Stewart Title), Bill Johnson (Paramount Residential Mortgage Group Inc. (PRMG Inc.), and David Bernard (Western Alliance Bank). Contact
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    MBA Newslink Covers FundingShield Q2 2024 Fraud Risk Report   MBA Newslink has featured FundingShield’s Q2 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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    FundingShield - Q2 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri   Q2 2024 REPORT     Quarterly Data During Q2 2024 47% percent of transactions on a $74bn portfolio comprising of residential, commercial and business purpose loans, had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.21 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q2 2024 saw near record-high risk levels for wire data and CPL validations. The validations cover critical areas like agent
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    FundingShield – Q1 – 2024 – Fraud Analytics   Q1 2024 REPORT Despite a slight decline from the record-breaking Q4 2023, wire and title fraud risk in Q1 2024 remained concerningly high. Nearly half (48.0%) of loans processed in Q1 still exhibited at least one risk factor.     Quarterly Data During Q1 2024 48% percent of transactions on a $65bn portfolio compromising of residential, commercial and business purpose loans, had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.22 issues per loan indicating the lack of appropriate controls by closing
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    FundingShield certified as a MBE (Minority Business Enterprise) by the National Minority Supplier Development Council (NMSDC) FundingShield is proud to announce that as of March 2024, we are MBE Certified by the National Minority Supplier Development Council (NMSDC). We know our customers value economic inclusion, and supporting minority owned businesses and enterprises. This certification gives the confidence to know that they are working with a diverse supplier. We are excited to collaborate with the NMSDC and access new opportunities to learn, network, and grow through this partnership and continue to be a supplier of choice to our customers
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