Archives for loan

FundingShield’s Chairman & CEO, Ike Suri, interviewed by MortgageMedia’s Dave Matthews

October 4, 2019 | by | Comments Off on FundingShield’s Chairman & CEO, Ike Suri, interviewed by MortgageMedia’s Dave Matthews

CLICK ON IMAGE BELOW TO VIEW THE FULL INTERVIEW AND WRITE UP FROM MorgtgageMedia Loan Security: Don’t Bring a Knife to a Gunfight
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Categories: Media and Press.
Tags: BEC, Business Email Compromise, consumer, Cyber, downpayment, funding, home, loan, Media, Mortgage, Mortgagemedia, payment, Webcast, and Wire Fraud.

FS Newsletter 123: Mortgage “Purchase Market” Drives Closing Agent Stress

March 13, 2018 | by | Comments Off on FS Newsletter 123: Mortgage “Purchase Market” Drives Closing Agent Stress

The current “purchase mortgage” market is causing mortgage banks across the country to re-examine their in-house closing party review processes as they have less control of closing agent selection. Additionally, this adds stress operationally and increases risk through closing agent review, compliance, risk management and wire fraud prevention if not actively utilized and deployed at the loan transaction level. Mortgage Participants: All Mortgage lenders doing purchase (non-refinance) transactions & any lender that cannot force the use of its preferred closing agents across all closings. Investors or Warehouse lenders concerned about closing agent controls. Problem: The purchase market is causing increased
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Categories: News Letters and Press.
Tags: Agents, Bank, Closing, Fraud, insurance, lender, licensing, loan, Mortgage, Risk, Title, vendor, and wire.

FS Newsletter 122: LOS shutdowns creating increased risk & headaches for lenders

January 5, 2018 | by | Comments Off on FS Newsletter 122: LOS shutdowns creating increased risk & headaches for lenders

  Newsletter 122: January 5, 2018 As lenders move away from legacy Loan Origination Systems (“LOS”) or migrate from an unsupported, discontinued or retired LOS we highlight various loan closing procedure gaps that can be enhanced leveraging Fundingshield’s services. During the transition phase Fundingshield provides a proven, flexible plug-n-play solution during this highly exposed period for operational & fraud risk. Mortgage Lenders Any Mortgage lender that is currently transitioning from a current LOS to another or going through entity wide system and reporting changes. These lenders have to deal with aged, retired, patched systems lacking data security standards and support
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Categories: News Letters and Press.
Tags: Closing, Fraud, loan, LOS, Mortgage, sunset, system, Title, and transition.