Archives for Press Releases

Volly Announces New Integration Partnership with FundingShield

Volly, an industry-leading provider of SaaS-based enterprise technology and marketing solutions for banks, credit unions and mortgage lenders, including CRM, Marketing Automation, Marketing Portal, Portfolio Retention, POS and Loan Officer Website solutions, announced that it has entered into an integration partnership with FundingShield, a market-leading provider of wire fraud prevention, mortgage compliance and risk management fintech solutions. This seamless integration allows lenders to utilize FundingShield’s wire fraud and settlement risk management technology through the Volly POS platform. Known as the Guardian Service, this technology provides a loan level certificate of assurance that confirms good settlement, valid CPL coverage, wire account
Read More

Categories: Media, Press, Press Releases, and Uncategorized.

As America Moves to WFH, Cyber-Security has Never Been More Important – Solutions in a single click for EllieMae and API Users

  The response to the novel Coronavirus in the mortgage industry has been justifiably rushed. Unfortunately, as lenders move quickly to ensure business continuity by moving to work from home (WFH) environments, vulnerability to bad actors has been amplified like never before. Wire fraud and regulatory compliance violations have risen by an additional 62% within the last 10 business days alone. It is crucial to take the necessary steps to prevent wire and title fraud with FundingShield’s fintech solutions- now more than ever. During this volatile time, leveraging an API driven digital strategy is paramount to success. FundingShield’s partnership with
Read More

Categories: Media, Press, and Press Releases.

Disruption in Operations due to Coronavirus (COVID-19) is an Opportunity to Embrace Fintech and Leverage its Tools to run a Healthy and Prosperous Business

Coronavirus (COVID-19) has not been classified as a pandemic yet, but businesses need to prepare themselves for the reality that Coronavirus will cause disruptions to their daily operations. Having a secure and proactive response plan is crucial in times of uncertainty. FundingShield and its award-winning MISMO certified fintech tools provide solutions to keep your business safe and functional in uncertain times. With vulnerability at an all-time high, here’s what we know will be crucial to maintain daily operations in a tech-oriented market: A secure crisis management plan Transparent, clear, and secure communications Consideration for the likelihood of mass absenteeism Plans
Read More

Categories: Media and Press Releases.

2020 HW Tech100 Real Estate winner: FundingShield

FundingShield is a fintech firm offering plug-and-play, scalable, cloud-based risk, compliance and fraud technology solutions to protect the mortgage, real estate, title, and legal industries from wire fraud, social engineering attempts, injection attacks and regulatory and compliance risk with third parties. Using its customized APIs, FundingShield provides actionable transaction-level intelligence. The company emphasizes clear communication and uses a binary pass/fail intelligence. $6 billion closings halted by clients or redirected More than $530 billion closing value monitored $90 billion flagged for closing deficiency or inconsistency
Read More

Categories: Media, Press, and Press Releases.

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 industry—a 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
Read More

Categories: Media, Press, and Press Releases.

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
Read More

Categories: Press and Press Releases.

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.”
Read More

Categories: Press and Press Releases.

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
Read More

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
Read More

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
Read More

Categories: Press and Press Releases.