Archives for Press

Shred Media’s Jason Frazier Interviews FundingShield’s Ike Suri & Adam Chaudhary at the Inaugural California Mortgage Bankers Association (CMBA) Tech Innovators Conference 2019 in San Diego

  Shred Media – Live from CMBA’s Mortgage Innovators Conference with Adam and Ike of FundingShield from Shred Media on Vimeo. Wonderful sharing the message on wire fraud and settlement risk management for the mortgage and real estate industry with SHRED Media’s Jason Frazier alongside our CEO Ike Suri in San Diego at the California Mortgage Bankers Association Tech Innovators Conference #fintechhashtag#mbahashtag#mortgagebankershashtag#closinghashtag#fraudhashtag#titlehashtag#mortgagetechhashtag#realestateindustryhashtag#settlementhashtag#innovationhashtag#ceohashtag#Presidenthashtag#principal
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Categories: Media and Press.

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.

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 1,000 mortgage
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Categories: Press and Press Releases.

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.

FS CEO in Mortgage Compliance Magazine – Cognitive AI solutions

Please read the editorial by our CEO Ike Suri in the April 2019 edition of the Mortgage Compliance Magazine titled “Cognitive FinTech Solutions to Combat Wire Fraud & Risk” discussing how FundingShield’s automated, tech driven products and APIs can be seamlessly incorporated to reduce risk, increase margins and prevent fraud. “…Our firm has API tool kits, currently going through Ellie Mae integration, first Mortgage Tech IBM strategic partner on IBM Cloud. Our B2B and B2C solutions address the top 3 initiatives at all clients – 1.cut down operating costs 2. eliminate risk and 3. provide insurance against loan losses during
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Categories: Media and Press.

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 toolkit in the
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Categories: Press, Press Releases, and Uncategorized.

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 Award™ 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 Influence™ award
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Categories: Press and Press Releases.

Fundingshield reports ~$75 million per day in wire and closing fraud exposure

Fundingshield reports an estimated $75 million per day in wire and closing fraud exposure. This would equate to exposure of ~$20 Billion in 2018.   This report leverages Fundingshield’s industry-leading proprietary software, analytics and transaction database of wire account information and transaction closing history. Furthermore, this projection is specific to lender wire and closing fraud attempts, and does not capture the much higher volume of wire fraud attempts against consumers in housing transactions.  Wire and closing fraud victims overwhelmingly underreport losses because of reputational risk concerns.   As Fundingshield has shared previously, Cyber criminals use crawlers, also known as software bots, with redundant schemes
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Categories: News Letters and Press.

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.