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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Archives for Media
“Sanitize and Securitize” – FundingShield Panel from Mortgage Innovators 2024
“Sanitize and Securitize” at the Mortgage Innovators #MIC24 FundingShield‘s CEO Ike Suri participated on the panel “Sanitize and Securitize” at the Mortgage Innovators #MIC24 alongside Anne Marie Pippin, Esq., CGFM (Federal Housing Finance Agency), David Coleman (MISMO), Chris Hilliard (Winnow Solutions, LLC) and led by Chris Joles (Planet Home Lending, LLC). The panel brought lender, regulator, technology, data expertise and solution providers into one forum to discuss reducing risk, increasing asset quality all while cutting costs. Verified data earlier in the mortgage origination and closing process can reduce time and effort from redundant data verification, review and boarding processes
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FundingShield’s Partnership Demo’s with Corelogic and SitusAMC – Mortgage Innovators 2024
FundingShield’s Partnership Demo’s with Corelogic and SitusAMC – Mortgage Innovators 2024 Check out the video below featuring FundingShield’s latest technology and partnerships showcased on stage at the Mortgage Innovators Conference 2024. Corelogic Showcases its consumer downpayment protection solution powered by FundingShield’s real-time, live, expensive ecosystem of vetted closing agents. SitusAMC walks through how Warehouse lenders benefit from integrated wire and payment verification solutions (utilizing FundingShield’s APIs) as part of automated and intelligent workflows. Presenters: FundingShield Ike Suri (CEO) Adam Chaudhary (President) CoreLogic Steve Kalush (Principal Solutions ) Situs AMC Anthony Beshara (Managing Director, Head of Warehouse Financing and
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“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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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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FundingShield CEO Ike Suri on 2024 ESRA Spring Member Meeting
FundingShield CEO Ike Suri on 2024 ESRA Spring Member Meeting Watch the discussion below and learn about the best safeguards for your business!
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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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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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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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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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