Wire and title fraud risk spiked in the first quarter of this year while closing and settlement firms leveraged new RON, eClosing and other automation technologies and various cyber security breach events took place at a national scale. Prolonged Work-From-Home policies as well as customer convenience demands have driven the need to expand and leverage many of these eClosing technologies which have increased speed but such solutions are not fraud prevention tools. Comparing Q1 2021 vs Q4-2020 there was an alarming increase in fraud/risk exposure surrounding CPL errors/issues of 163%, a 22 times increase in CPL/Agent validation
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Archives for Press
FundingShield Demo’s at the MBA Spring21 conference
FundingShield shared its fintech, market-leading solutions in Wire & title fraud risk management to the mortgage industry at the Mortgage Bankers Associations national Spring21 conference. See the video link below: https://youtu.be/Hk28fDmkj4k Contact sales@fundingshield.com for a demo!
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Media, News Letters, Press, and Press Releases.
“What Makes a Risky Vendor” with Adam J. Chaudhary
Jim Paolino, LodeStar Software Solutions talks about the “Problems the industry is facing and how we are working tirelessly to help the consumer.” with Adam J. Chaudhary (President of FundingShield).
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Media, News Letters, Press, and Press Releases.
NEW PODCAST ALERT! “The Most Interesting Man in Mortgage Discusses His Business, Fraud Prevention & Movies” with Ike Suri
Mike Eshelman, CMB┬«, AMP talks with “The Most Interesting Man in Mortgage” Ike Suri (Chairman & CEO of FundingShield) and discusses his business, fraud prevention & movies – Listen now!
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Media, News Letters, Press, and Press Releases.
FundingShield presents at HousingWire’s April 6 demo day
FundingShield President Adam Chaudhary Demos FundingShield’s wire and title fraud prevention FinTech tools. Find the video below –
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Media, News Letters, and Press.
2021 HW Tech100 Real Estate winner: FundingShield
FundingShield’s API-driven fintech services allow lenders, investors, homebuyers, and title companies to confirm wired funds are going to intended recipients and transactions are free of impact from cyber fraud, phishing, business email compromise, or title fraud. The company’s services leverage source data in real-time to confirm documents are valid, vendors are compliant with regulations, and insurance coverage protecting lenders, real estate investors, and consumers are enforceable. The mortgage and real estate market has over 80,000 entities and permitted roles that can provide closing and settlement services and these closing agents must be verified, vetted, and validated for risk management purposes.
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Media, News Letters, Press, and Press Releases.
The Mortgage Bankers Association sheds a spotlight on FundingShield CEO & Chairman Ike Suri
The Mortgage Bankers Association honored FundingShield CEO & Chairman, Ike Suri, for his dedication to the advancement in the mortgage industry with a member spotlight per the below link. FundingShield’s President, Adam Chaudhary, shared the post with our staff, clients, partners and friends. View More
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Media, News Letters, Press, and Press Releases.
FundingShield passes the $1 Trillion mark in closing value protected!
Mortgage Banker Magazine shared our exciting announcement on page 21 of the March 2021 issue
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Media, News Letters, Press, and Press Releases.
FundingShield’s President Adam Chaudhary Presents at California MBA’s Legal Issues & Regulatory Conference 2021 alongside the General Counsel of Notarize
Media, News Letters, Press, and Press Releases.
FundingShield Receives MISMO v3.4 Re-Certification for 2021 – FundingShield remains the first and only MISMO certified Wire & Title Fraud Prevention Solution.
See the attached bulletin put together by the Mortgage Bankers Association and MISMO on why FundingShield made the decision to be a pioneer in the Fraud Risk Management space by leveraging the data standards and forum of MISMO: Click Here View this article and more in the Q1 MISMO Newsletter
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Media, News Letters, and Press.