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. Click here to watch the video.
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MBA Newslink Covers FundingShield Q4 2024 Fraud Risk Report MBA Newslink has featured FundingShield’s Q4 2024 Fraud Risk Report, highlighting critical insights into the current landscape of mortgage and settlement fraud. View covering here. Read our report here. Contact Sales@fundingshield.com for more information.
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FundingShield - Q4 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri Q4 2024 REPORT Quarterly Data During Q4 2024 45.5% percent of transactions on a $84.1bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.2 issues per loan, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q4 2024 saw record-high risk levels for CPL validation related errors (10.3% of transactions) for critical data points such as
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FundingShield & OptiFunder enter into an integration agreement providing integrated wire and title fraud prevention solutions to clients NEWPORT BEACH, Calif. –(BUSINESS WIRE)– FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into an integration agreement with OptiFunder, the creators of OptiFunder WMS and Greyhound Warehouse Management System whose innovative solutions power automation from mortgage loan funding, through the warehouse and investor delivery process. The integration will further drive ROIs to independent mortgage bank and warehouse lending clients that OptiFunder and FundingShield serve delivering on their common goals of funding process optimization,
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Mortgage Bankers Association’s MBA Newslink reports “FundingShield: Fraud Risk Report Shows Slight Drop” FundingShield, Newport Beach, Calif., found that during the third quarter, 46.43% of transactions on an $82 billion portfolio of residential, commercial and business purpose loans had issues leading to a risk of wire and title fraud. While that’s still nearing half of all transactions, it is a slight dip both from Q2 (47.08%) and Q3 2023 (49.2%). Click this link for the full article from MBA NewLink Full article
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FundingShield - Q3 - 2024 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri Q3 2024 REPORT Quarterly Data During Q3 2024 46.43% percent of transactions on a $82bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.23 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q3 2024 saw record-high risk levels for CPL related errors (45.1% of transactions) for critical data points such as borrower information,
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FundingShield Sponsors and attends the Inaugural California MBA and mPower event to support women’s empowerment and professional development FundingShield is proud to have sponsored a table at the California MBA & mPower- (MBA Promoting Opportunities for Women to Extend their Reach) event at the Balboa Bay Resort in Newport Beach on 9/19. Their was great attendance from leadership at female led NYSE listed firms to sole proprietors with business woman at all stages of their careers from executives, management, team leaders and to folks embarking on their careers. The energy in the room was reflective of the
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FundingShield President Adam Chaudhary joins California MBA CEO for an interview on the firm’s efforts to combat wire and title fraud FundingShield’s President Adam J. Chaudhary joined California Mortgage Bankers Association’s CEO Susan Milazzo to share a bit about his background and the company’s efforts to combat #wirefraud and #titlefraud in the US Mortgage and Real Estate Industry. FundingShield’s suite of risk management tools protect against and manage against emerging and dynamic hashtag#cybersecurity risks. Click below to listen to the podcast and for more information about our tools contact Sales@fundingshield.com
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FundingShield President council sponsors of the California Mortgage Bankers Western CREF 24 as President’s Council Sponsor’s FundingShield sponsored and attended the California Mortgage Bankers Western CREF 24 as President’s Council Sponsor’s of the commercial real estate conference held at the ARIA Resort & Casino Las Vegas. Our CEO Ike Suri (On the board of the California MBA) and our president Adam J. Chaudharymet clients and partners across the private capital, commercial real estate finance and real estate brokerage spaces across the country. Contact Sales@fundingshield.com to discuss our solutions that protect fund movements, vet and verify closing agents,
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FundingShield President Adam J. Chaudhary joined Seyfarth Shaw Partner, Arren Goldman “The Property Line” podcast FundingShield’s President Adam J. Chaudhary joined Seyfarth Shaw LLP’s Partner Arren Goldman on the Seyfarth Podcast “The Property Line: Safeguarding Your Deals from Title and Wire Fraud” As new technologies evolve, the risks of #wirefraud & #titlefraud continue to grow. To successfully navigate closing and funding processes, real estate professionals must stay informed and protect against current risk factors – tune in on the link below to hear some insights from our team: https://www.seyfarth.com/news-insights/the-property-line-safeguarding-your-deals-from-title-and-wire-fraud.html Contact Sales@fundingshield.com for more information.
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