Archives for Press Releases

Wire Fraud Consequences to Mortgage Lenders

March 14, 2020 | by | Comments Off on Wire Fraud Consequences to Mortgage Lenders

By Sabrina Park Ike Suri and Adam Chaudhary of fintech firm, FundingShield, talk wire and title fraud prevention in the mortgage industryÔÇöa new target for hackers with sophisticated technology designed to sidestep internal fraud controls. Less than 6 months ago, we were having a conversation with a reverse mortgage lender who had personally experienced a fraudulent attack on a $200,000 wire transfer. The lost funds were never recovered. When you get right down to it, law enforcement can’t keep up with the rapid pace at which internet crime is rising. And with fraudulent reports increasing by 1,100%, the FBI has
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Categories: Media, Press, and Press Releases.

FundingShield Announces Integration With Ellie Mae’s Encompass

October 16, 2019 | by | Comments Off on FundingShield Announces Integration With Ellie Mae’s Encompass

Partnership enables lenders to access FundingShield’s Guardian Service for closing agent vetting and wire fraud prevention at the transaction level using its market leading fintech tools   https://www.businesswire.com/news/home/20191016005256/en/Fundingshield-Announces-Integration-Ellie-Mae%E2%80%99s-Encompass   Newport Beach, CA – October 16, 2019 – FundingShield, a market leading provider of wire fraud prevention, mortgage compliance and risk management fintech solutions, announced that its comprehensive wire fraud and settlement risk management technology, the Guardian Service, is now available through Encompass ┬« by Ellie Mae ┬«. The seamless integration allows lenders to order FundingShield’s Guardian Service directly through the Encompass digital mortgage solution to drive quality and efficiency in
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Categories: Press and Press Releases.

FundingShield Receives MISMO® Software Certification for Wire Fraud Prevention Technology

October 11, 2019 | by | Comments Off on FundingShield Receives MISMO® Software Certification for Wire Fraud Prevention Technology

NEWPORT BEACH, Calif. (October 9, 2019) – FundingShield, an industry leading innovator within the mortgage fintech industry, is pleased to announce that its wire fraud prevention software products, Guardian Service and Wire Account Verification Service, have received Premiere Level Certification from MISMO┬«, the mortgage industry’s standards organization. Premiere Level Certification is the highest certification given by MISMO.   “We are delighted to have FundingShield successfully certified MISMO compliant,” said Ike Suri, Chairman and CEO, FundingShield, LLC. “This is an important step towards a better customer experience through safeguarding data, preventing wire fraud, managing risk, and ensuring loan level transaction compliance.”
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Categories: Press and Press Releases.
Tags: #MortgageTech, #Titleinsurance, #wirefraud, Fintech, insurance, Mortgage, Risk, and Title.

FundingShield announces a strategic partnership with Tavant to integrate into Tavant VELOX’s FinConnect enterprise bus

August 19, 2019 | by | Comments Off on FundingShield announces a strategic partnership with Tavant to integrate into Tavant VELOX’s FinConnect enterprise bus

Solution to seamlessly provide lender and consumer wire fraud prevention tools NEWPORT BEACH, Calif. (August 19, 2019) – FundingShield, an industry leading innovator within the mortgage fintech industry, is pleased to announce a strategic partnership with Tavant. FundingShield will be integrating its solutions into Tavant VELOX’s FinConnect hub. Tavant is a Silicon Valley-based provider of AI-powered digital lending technologies. Tavant VELOX’s FinConnect is an enterprise service bus for the financial services industry, and an intelligent lending data and services network that integrates with more than 120 ecosystem partners. FundingShield is an award-winning FinTech firm providing cloud-based, plug n’ play tools
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Categories: Press and Press Releases.
Tags: #APIs, #MortgageTech, #tavant, #wirefraud, Fintech, Fundingshield, regtech, and Risk.

FundingShield partners with FormFree┬« to Deliver Enhanced Wire Fraud Protection to FormFree’s Network of More than 1,000 Mortgage Lenders

July 11, 2019 | by | Comments Off on FundingShield partners with FormFree┬« to Deliver Enhanced Wire Fraud Protection to FormFree’s Network of More than 1,000 Mortgage Lenders

Strategic alliance will put wire fraud protection directly in the hands of mortgage lenders and loan applicants Newport Beach, CA – July 11, 2019 – FormFree┬« today announced that it has entered into a strategic alliance with FundingShield, a fintech firm that safeguards homebuyers, mortgage lenders and title insurance underwriters from wire fraud.FundingShield’s loan-level verification services assure closing funds transferred at the end of a mortgage loan transaction go to verified bank accounts belonging to authorized recipients. FormFree will integrate FundingShield’s Wire Account Verification Service (WAVS) into its Passport┬« all-in-one verification solution as a value-added service available to more than
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Categories: Press and Press Releases.
Tags: #APIs, #formfree, #HW100, #Integration, #Passport, #wirefraud, #wires, Fintech, Fraud, HousingWire, regtech, Risk, and WAVs.

FundingShield partners with FormFree┬« to Deliver Enhanced Wire Fraud Protection to FormFree’s Network of More than 1,000 Mortgage Lenders Strategic alliance will put wire fraud protection directly in the hands of mortgage lenders and loan applicants

July 11, 2019 | by | Comments Off on FundingShield partners with FormFree┬« to Deliver Enhanced Wire Fraud Protection to FormFree’s Network of More than 1,000 Mortgage Lenders Strategic alliance will put wire fraud protection directly in the hands of mortgage lenders and loan applicants


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Categories: Press and Press Releases.
Tags: #formfree, #payments, #wirefraud, #wires, Fintech, Fraud, Fundingshield, Mortgage, regtech, and Risk.

FundingShield Integrates With Encompass by Ellie Mae

May 17, 2019 | by | Comments Off on FundingShield Integrates With Encompass by Ellie Mae

FUNDINGSHIELD ANNOUNCES INTEGRATION WITH ENCOMPASS BY ELLIE MAE Partnership enables lenders to access FundingShield’s Wire Account Verification Service (WAVs) through leading digital mortgage technology   Newport Beach, CA – May 16, 2019 – FundingShield, a market leading provider of wire fraud prevention, mortgage compliance and risk management fintech solutions, announced that its Wire account Verification Service (WAVs) is now available through Encompass┬« by Ellie Mae┬«. The seamless integration allows lenders to order FundingShield’s WAVs solutions directly through the Encompass by Ellie Mae to drive quality and efficiency in the loan origination process. WAVs leverages the FundingShield database of over 50,000
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Categories: Press and Press Releases.

FundingShield joins IBM Cloud as IBM’s first MortgageTech partner

February 21, 2019 | by | Comments Off on FundingShield joins IBM Cloud as IBM’s first MortgageTech partner

FundingShield joins IBM Cloud as IBM’s first MortgageTech partner delivering API based solutions driving innovation to the financial services space. MortgageTech – Wire fraud prevention firm FundingShield works with IBM Cloud for Financial Services to bring cloud based, plug ’n’ play FinTech tools for fraud prevention, risk management and compliance to mortgage lenders and banks.FundingShield delivers loan transaction level verification and validation tools for closing documents and parties via APIs.February 21, 2019 10:30am Eastern Daylight TimeNew York – FundingShield, an integrated application programming interface (API) solution delivering FinTech solutions to the Mortgage and Real estate finance space, has published its
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Categories: Press, Press Releases, and Uncategorized.

Housing Finance Leader Faith Schwartz Joins Board of Wire Fraud Fintech FundingShield

January 8, 2019 | by | Comments Off on Housing Finance Leader Faith Schwartz Joins Board of Wire Fraud Fintech FundingShield

FundingShield, LLC – Newport Beach, Calif. – Jan. 8, 2019 FundingShield is pleased to announce that Faith Schwartz has joined its senior advisory board. She brings a wealth of experience and relationships stemming from her leadership in the lending, fintech, non-profit and advisory space, and she is currently president of automated verification provider FormFree. Schwartz received the HousingWire HW Vanguard AwardÔäó for her career contributions to the housing finance industry in 2018 and was recognized as one of mortgage banking’s most powerful women by National Mortgage Professional magazine the same year. Other awards include HousingWire’s HW Women of InfluenceÔäó award
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Categories: Press and Press Releases.
Tags: Business Email Compromise, corelogic, Fintech, Freddie Mac, Fundingshield, HousingWire, Mortgage, regtech, Wire Fraud, and women in business.

Fundingshield announces Jim Svinth, Former EVP Risk Management of LoanDepot, joins its Sr. Advisory Board

September 6, 2018 | by | Comments Off on Fundingshield announces Jim Svinth, Former EVP Risk Management of LoanDepot, joins its Sr. Advisory Board

PRESS RELEASE: FundingShield, LLC – Newport Beach, CA – September 6, 2018 It brings FundingShield, LLC great pleasure to announce that Jim Svinth has joined its Senior Advisory Board. Jim is a seasoned business leader with 30+ years of financial and operations experience with several Fortune 500 companies including: GE Capital, Norwest, The Prudential, and Citigroup. Jim has led virtually every aspect of the mortgage banking process with emphasis in risk management, capital markets, and structured finance disciplines. Recently, Jim served as LoanDepot’s Executive Vice President of Enterprise Risk Management and is a founding member of its executive team. Prior
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Categories: Press and Press Releases.