Archives for Media

“The Growing Cybersecurity Threat” – FundingShield Panel from Mortgage Innovators 2024

June 23, 2024 | by | Comments Off on “The Growing Cybersecurity Threat” – FundingShield Panel from Mortgage Innovators 2024

  “The Growing Cybersecurity Threat” – FundingShield Panel from Mortgage Innovators 2024 FundingShield’s CEO Ike Suri spoke on the Mortgage Innovators 2024 conference panel “The Growing Threat: Cyber Security Risks in the Mortgage Industry” alongside Chris Hilliard from Winnow Solutions, LLC, Eric Blumberg from Aster Key and led by RWM Home Loans’ Principal and Chief Strategy Officer Susanne Livingston. Securing data in transit, at rest, and among parties during critical interchanges is an important #cybersecuirty topic that will drive further discussion around regulations, digital identity, encryption and verification of data using 1st party data. #innovation from firms like these will
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Categories: Media, News Letters, and Press.

Mike Aberle, Mortgage Finance, Banking and Warehouse Lending Leader, joins FundingShield Advisory Board.

May 17, 2024 | by | Comments Off on Mike Aberle, Mortgage Finance, Banking and Warehouse Lending Leader, joins FundingShield Advisory Board.

  Mike Aberle, Mortgage Finance, Banking and Warehouse Lending Leader, joins FundingShield Advisory Board. Newport Beach, California, May 17th, 2024: FundingShield is pleased to announce that Mike Aberle has joined its advisory board. Aberle brings more than 20 years leadership experience in the mortgage industry including various roles in business development and mortgage finance. Aberle spent 20 years at Bank of America (NYSE: BAC) including 13 years as Director of Mortgage Finance for the warehouse division. In addition to relationship management, Aberle served as CFO of the Correspondent Lending and Warehouse Lending Divisions and later as SVP, Credit Risk Executive.
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Categories: Media, News Letters, and Press.

John Hedlund, Mortgage Industry Veteran & Operations Leader, Joins FundingShield Advisory Board.

April 23, 2024 | by | Comments Off on John Hedlund, Mortgage Industry Veteran & Operations Leader, Joins FundingShield Advisory Board.

  John Hedlund, Mortgage Industry Veteran & Operations Leader, Joins FundingShield Advisory Board. Newport Beach, California, April 24, 2024: FundingShield is pleased to announce that – John Hedlund has joined its advisory board. John Hedlund, founder of Adanac Advisory Group (AAG), a boutique advisory and consulting firm, recently retired from AmeriHome Mortgage, a Western Alliance Bank Company where John was Chief Operating Officer and Managing Director. John was one of the original founders (2013) of Amerihome and helped lead the sale to Western Alliance Bank in 2021. AmeriHome quickly grew from inception to become the 2nd largest Correspondent Lender in
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Categories: Media, News Letters, and Press.

HousingWire Interviews FundingShield’s CEO on Q1 2024 Wire Fraud Analytics

April 22, 2024 | by | Comments Off on HousingWire Interviews FundingShield’s CEO on Q1 2024 Wire Fraud Analytics

    HousingWire Interviews FundingShield’s CEO on Q1 2024 Wire Fraud Analytics   The HousingWire article highlighted our report that” Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud, according to a report released Wednesday 4/22.” To view the full article follow the link below: Nearly half of loans processed in Q1 showed fraud risks: FundingShield
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Categories: featured and Media.

FundingShield – Q1 – 2024 – Fraud Analytics

April 16, 2024 | by | Comments Off on FundingShield – Q1 – 2024 – Fraud Analytics

    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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Categories: featured, Media, and Press.

FundingShield certified as a MBE (Minority Business Enterprise) by the National Minority Supplier Development Council (NMSDC)

March 22, 2024 | by | Comments Off on FundingShield certified as a MBE (Minority Business Enterprise) by the National Minority Supplier Development Council (NMSDC)

    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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Categories: featured, Media, and Press.

FundingShield earns Gold Partner Status with ICE Mortgage Technology®

March 20, 2024 | by | Comments Off on FundingShield earns Gold Partner Status with ICE Mortgage Technology®

    FundingShield earns Gold Partner Status with ICE Mortgage Technology┬«   FundingShield is excited to share we are now an ICE Mortgage Technology GOLD Partner. Stay tuned for webinars on how our integrated solutions within Encompass┬« by ICE Mortgage Technology, are providing closing agent compliance automation, Wire & Title Fraud Prevention and cost saving efficiencies all while improving loan quality and risk. Reach out to Sales@fundingshield.com to learn more or set up a meeting with our team.
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Categories: featured, Media, and Press.

FundingShield in the News: National Mortgage News

March 20, 2024 | by | Comments Off on FundingShield in the News: National Mortgage News

    FundingShield in the News: National Mortgage News   A series of data breaches hit the financial services sector at the end of 2023 and into the new year, highlighting how vulnerable the mortgage industry can be to attacks from bad actors. Millions of borrowers have had their personal identifiable information exposed, with Social Security numbers and bank account information shared to the dark web. These incidents have put mortgage stakeholders on alert regarding how they can protect their infrastructure going forward. Companies recently impacted include: Loandepot, Mr. Cooper, Academy Mortgage, Fairway Independent Mortgage, Planet Home Lending, Fidelity National
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Categories: featured, Media, and Press.