FundingShield - Q1 - 2025 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri “It is my pleasure to share our company’s Q1 2025 Wire Fraud Analytics & Risk Report” – Ike Suri (FundingShield CEO): Q1 2025 REPORT Q1 2025 - Quarterly Data During Q1 2025 46.8% percent of transactions on a $80B portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.5 issues per loan which is a new record, indicating the lack of appropriate controls by closing agents and lenders to
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Archives for Press
Meet Us in Vegas: X25 – ICE Experience 2025
We’re excited to announce that FundingShield will be at X25 in Las Vegas! Visit us at Booth 24 from March 10-12 to learn more about managing mortgage risk, compliance, and fraud. For more information or media inquiries contact: info@fundingshield.com
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Press Release: FundingShield Announces Integrated Title Fraud Prevention Services on CoreLogic’s Digital Mortgage Platform
FundingShield Unveils Advanced Title Fraud Prevention Integration for Enhanced Security on CoreLogic’s Digital Mortgage Platform NEWPORT BEACH, Calif. & SAN DIEGO–(BUSINESS WIRE)–FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into a relationship with CoreLogic┬«, a leader in global property information, analytics and data-enabled solutions, to provide comprehensive title fraud solutions via a seamless API integration to the CoreLogic Digital Mortgage PlatformÔäó. Together, the companies are working to protect borrowers and financial institutions from the rapid increase in wire and title fraud in recent years, delivering superior standards in data
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Title Fraud Risk Present in Nearly Half of 3Q Transactions
Title Fraud Risk Present in Nearly Half of 3Q Transactions Wire and title fraud risk increased to a new high in the third quarter with just under half of all real estate transactions having at least one indicator of a potential problem, a report from FundingShield said. The overall error rate for the quarter was 47.9%, compared with 41.6% in the second quarter and 47.6% for the third quarter of 2021. Wire fraud risk bottomed out at 35.8% in the first quarter. The third quarter fraud analysis reflected $80 billion of real estate closings, approximately 160,000
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Press and Press Releases.
CEO Ike Suri Discusses Cybersecurity at Mortgage Innovators Conference
FundingShield’s Ike Suri was recently featured on a virtual panel at the Mortgage Innovators Conference discussing the importance of cybersecurity and what people need to be doing now to protect themselves. Click here to watch the video.
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Media, Press, and Press Releases.
MBA Newslink Covers FundingShield Q4 2024 Fraud Risk Report
MBA Newslink Covers FundingShield Q4 2024 Fraud Risk Report MBA Newslink has featured FundingShield’s Q4 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 Q4 – 2024 – Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri
FundingShield - Q4 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri Q4 2024 REPORT Quarterly Data During Q4 2024 45.5% percent of transactions on a $84.1bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.2 issues per loan, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q4 2024 saw record-high risk levels for CPL validation related errors (10.3% of transactions) for critical data points such as
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FundingShield & OptiFunder enter into an integration agreement providing integrated wire and title fraud prevention solutions to clients
FundingShield & OptiFunder enter into an integration agreement providing integrated wire and title fraud prevention solutions to clients NEWPORT BEACH, Calif. –(BUSINESS WIRE)– FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into an integration agreement with OptiFunder, the creators of OptiFunder WMS and Greyhound Warehouse Management System whose innovative solutions power automation from mortgage loan funding, through the warehouse and investor delivery process. The integration will further drive ROIs to independent mortgage bank and warehouse lending clients that OptiFunder and FundingShield serve delivering on their common goals of funding process optimization,
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Media, News Letters, and Press.
FundingShield Q3 – 2024 – Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri
FundingShield - Q3 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri Q3 2024 REPORT Quarterly Data During Q3 2024 46.43% percent of transactions on a $82bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.23 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q3 2024 saw record-high risk levels for CPL related errors (45.1% of transactions) for critical data points such as borrower information,
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FundingShield Sponsors and attends the Inaugural California MBA and mPower event to support women’s empowerment and professional development
FundingShield Sponsors and attends the Inaugural California MBA and mPower event to support women’s empowerment and professional development FundingShield is proud to have sponsored a table at the California MBA & mPower- (MBA Promoting Opportunities for Women to Extend their Reach) event at the Balboa Bay Resort in Newport Beach on 9/19. Their was great attendance from leadership at female led NYSE listed firms to sole proprietors with business woman at all stages of their careers from executives, management, team leaders and to folks embarking on their careers. The energy in the room was reflective of the
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