Business, finance, technology and media executive Ike Suri launches ÔÇÿfintech’ firm focusing on compliance and risk management for the top mortgage lenders. BY CALIFORNIA BUSINESS JOURNAL Ike Suri, a Southern California-based investor, operator and principal whose successes in business range from technology and finance to real estate and film, has launched FundingShield, a financial technology and regulatory technology company in the residential mortgage space. Suri runs Pelican Point Investments, a boutique private equity and late-stage venture capital shop focused on growth channels and opportunities for itself and its partners. FundingShield is a unique financial technology and regulatory technology company focused
Read More
Archives for Press Releases
FundingShield’s Alert Update: California lifts Fidelity National Title Company’s suspension on conducting business
Body: FundingShield would like to update all on our last advisory regarding Fidelity National Title Company Suspension on doing business in California. The current status is listed as active on the Business Search Site for California here. If you have questions on loan level matters for approval/certification by Fundingshield do not hesitate to reach out to your account representative. If you would like to learn more about our loan level monitoring, please email Sales@fundingshield.com. Here is some press mention of our efforts related to the suspension which has been lifted: HousingWire Article
Read More
FundingShield is pleased to announce that Arthur Rice joins its Advisory Board
660 Newport Center Drive Suite 710, Newport Beach, CA 92660 Ph: +1 949 706 4888 Fax: +1 949 706 6501 www.FundingShield.com FundingShield LLC is pleased to announce that Arthur Rice is being added to its Advisory Board. Newport Beach, CA (October 23, 2016) – FundingShield, LLC., Arthur Rice joins the FundingShield advisory board driving connectivity, client outreach and new deal flow with US Mortgage Lenders leveraging his 20 plus year career in the C-Suite of major mortgage lenders and his role as a senior consultant to mortgage participants. For the past several years Art has been sought by various residential
Read More
Client Case Summary – Top 5 US Bank
FundingShield has been providing residential mortgage closing fraud & diligence verification to bank and non-bank residential mortgage originating clients as well as warehouse lenders for the past 5 years. Screening of closing agents’ valid status, licensing, ability to close in various states and their insurance coverages meeting underwriters’ requirements as well as verification of a valid closing protection letter (CPL) is central to the service that FundingShield provides. Client – A domestic bank in the United States with over USD 300 billion in Assets Client has originated over USD 50 billion in new mortgages originated in 2015 Tenor – Client
Read More
Pelican Point Capital Partners, LLC., is pleased to announce that it has taken a 90% plus controlling ownership stake in FundingShield LLC
Newport Beach, CA – Pelican Point Capital Partners, LLC., is pleased to announce that it has taken a 90% plus controlling ownership stake in FundingShield LLC, a financial technology firm providing transaction level risk mitigation for the residential mortgage market. FundingShield’s unique service verifies the 3rd parties (closing agents, closing attorneys, title companies and their associated bank information) to each transaction for its clients and verifies the documents that support the Closing Protection Letters (CPLs) so that its clients are afforded proper protections in the event of a defalcation. Further the company has uncovered several hundred million in potential diverted
Read More
Pelican Point Capital Partners, LLC., Announces an Increased Majority Ownership Stake in FundingShield LLC with a Growth Strategy Being Led by Adam J. Chaudhary
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pelican Point Capital Partners, LLC., announced that it has further increased its ownership stake in FundingShield LLC, a financial technology firm focused on risk mitigation in mortgage closing protection letters (CPLs). The company is primed to secure additional sizeable contracts from household name lenders which should set the company on an aggressive growth pattern for 2015 with both mortgage lending and title insurance companies as target clients. “The increased regulatory, compliance and narrowing margin for error in the mortgage industry has generated a hypersensitive need to ensure operational efficiencies and controls. Further challenging this is the need
Read More
PELICAN POINT CAPITAL PARTNERS, LLC., ANNOUNCES AN INCREASED OWNERSHIP STAKE IN FUNDINGSHIELD LLC AND APPOINTMENT OF ADAM J CHAUDHARY AS CEO OF FUNDINGSHIELD LLC.
Newport Beach, CA (January 9, 2014) – Pelican Point Capital Partners, LLC., announced that it increased its ownership stake in FundingShield LLC, a financial technology firm focused on risk mitigation in mortgage closing protection letters (CPLs). Further Pelican Point Capital announces the appointment of its partner, Adam J. Chaudhary, as FundingShield’s CEO. Pelican Point Capital views this investment as a strategic leveraged technology play in the mortgage finance space given FundingShield’s product set that provide verification of closing agents and the parties and processes to a closing in closing protection letters (CPLs). FundingShield’s products complement and in many cases greatly
Read More