Congratulations to our CEO Ike Suri for having been named in the top 50 Real Estate executives in the USA by HousingWire. Team FundingShield is proud. Our firm is The Solution against Wire and Title Fraud in the Mortgage industry. View More:
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Adam J. Chaudhary President, FundingShield discussing Wire Fraud Prevention on HousingWire’s Demo Day. FundingShield Wire fraud prevention collaboration platform brings participants to know about our API driven services for mortgage and title fraud prevention allow lenders, investors, homebuyers, and title companies to confirm wired funds are going to intended recipients and transactions that are free of impact from cyber fraud, phishing, business email compromise, or title fraud.
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The US Mortgage Industry continues to face wire and title fraud risk in an unprecedented manner during Q3 2020. FundingShield‘s CEO Ike Suri shared their Q3-2020 analytics. The risk of wire and title fraud in the closing and settlement space persisted and grew in certain risk concentrations during Q3 2020. Our unique data analytics captures data at the transaction level allowing us to pro-actively remediate risk and report potential first or third-party fraud, misrepresentations, errors due to negligence or operational gaps, as well as cybersecurity threats. FBI’s IC3 report issued a warning to the market of increased 3rd party fraud
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FundingShield’s CEO Mr. Ike Suri on how top minds in today’s industry provide borrowers a safe, secure, and seamless homebuying experience. Specifically, discover the innovative wire fraud prevention solutions that are available to today’s lenders powered by the partnership of Ellie Mae and Volly. Click here to watch the video.
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FundingShield’s Adam Chaudhary was recently featured in NEXT Mortgage News’ NEXT Summer 20 virtual event. Adam shared how FundingShield works to protect against title and wire fraud. [intense_video video_url=”https://youtu.be/iojkkoogRT0″ show_badge=”0″ show_byline=”0″ show_portrait=”0″]
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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. [intense_video video_url=”https://youtu.be/LZo14pLqfOw” show_badge=”0″ show_byline=”0″ show_portrait=”0″]
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FundingShield’s Adam Chaudhary was recently part of a Tech Demo at the Mortgage Innovators Conference detailing FundingShield’s WAVs and Guardian Service. [intense_video video_url=”https://youtu.be/4tuZC_Gk9hg?t=988″ show_badge=”0″ show_byline=”0″ show_portrait=”0″]
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HousingWire recently highlighted FundingShield’s analysis of Q2 2020 which showed a significant rise in fraud and risk exposures, as compared to Q1. Click here to read the entire article.
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Lenders need to safeguard their Ops and workflows from an epidemic rise in Wire/ Title Fraud, Risk and Compliance further exacerbated by the rise in work from home. FundingShield CEO Ike Suri shared their Q2-2020 analytics, “The risk of wire and title fraud in the closing and settlement space continues to grow due to fast moving changes in closing practices, Work-from-home and more due to COVID-19. Comparing Q1 vs Q2-2020 we saw an alarming increase in fraud/risk exposure in CPL errors/issues of nearly 50%, 530% increase in CPL/Agent validation errors with title insurers and nearly 135% increase in state licensing
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