Archives for Press Releases

Fundingshield announces Jerry Halbrook joins its Senior Advisory Board

August 7, 2018 | by | Comments Off on Fundingshield announces Jerry Halbrook joins its Senior Advisory Board

PRESS RELEASE: FundingShield, LLC – Newport Beach, CA – August 1, 2018 FundingShield, LLC (“FS”) is pleased to announce Jerry Halbrook has joined its Senior Advisory Board. Jerry brings with him 34+ years of leadership experience in mortgages, banking, title and technology running large scale businesses as a senior executive around the country. Mr. Halbrook’s leadership experience includes his role as CFO of Prudential Home Mortgage, Chief Information Officer of Bank of America consumer real estate, Managing Director of CitiMortgage in the Capital Markets area, Co-founder and COO of Nexstar Financial, President of Black Knight Inc. Origination Technology and Business
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Categories: Press and Press Releases.
Tags: Bank of America, Black Knight, Blackknight, citimortgage, Closing, Fintech, Fraud, funding, Fundingshield, lender, MBNA, Mortgage, Price, Prudential, regtech, Risk, tech, Title, wire, and Wire Fraud.

Fundingshield Announces Terry Theologides joins its senior advisory board

January 29, 2018 | by | Comments Off on Fundingshield Announces Terry Theologides joins its senior advisory board

  FundingShield, LLC – Newport Beach, CA – January 29, 2018 FundingShield, LLC (“FS”) is pleased to announce Stergios “Terry” Theologides has joined its Senior Advisory Board. Terry brings with him more than 20 years’ experience as an executive overseeing mortgage regulatory and risk management issues and developing technology and data-driven products and techniques to manage them. Most recently, Terry was SVP, General Counsel of CoreLogic, Inc. and was part of the leadership team that launched CoreLogic as a standalone public company. Mr. Theologides’ leadership experience includes as General Counsel to The First American Corporation’s Information Solutions Group, Executive Vice
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Categories: Press and Press Releases.
Tags: corelogic, Fraud, Fundingshield, Mortgage, Real Estate, Risk, Stergios, Title, wire, and Wire Fraud.

The Mortgage Collaborative Adds FundingShield to Preferred Partner Network

December 8, 2017 | by | Comments Off on The Mortgage Collaborative Adds FundingShield to Preferred Partner Network

San Diego, Calif. – December 7, 2017 The Mortgage Collaborative, the nation’s only independent mortgage cooperative, today announced the addition of FundingShield to its Preferred Partner network. FundingShield offers TMC members a pair of loan level verification services to protect lenders assuring closing funds go to verified bank accounts belonging to licensed and authorized parties. FundingShield provides actionable intelligence to lenders while other services may provide data that you have to interpret.   “We’re thrilled to add an organization like FundingShield that is so highly regarded by our Lender Members that currently utilize their products and services,” said Jim Park,
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Categories: Press and Press Releases.
Tags: Closing, coop, CPL, Fraud, Mortgage, Risk, Settlement, TMC, WAVs, and wire.

Fundingshield alerts mortgage lenders on the heels of recent widespread data breaches to take proactive & preemptive measures to manage wire fraud risk ahead of the holiday season.

October 17, 2017 | by | Comments Off on Fundingshield alerts mortgage lenders on the heels of recent widespread data breaches to take proactive & preemptive measures to manage wire fraud risk ahead of the holiday season.

Fundingshield’s ongoing dialogue with financial crimes advisors, cyber security experts and recent law enforcement data indicate an increase in real estate settlement related fraud in the fourth quarter of 2017. This forecast is based on our analytics, trends over the past 10 years of data and the current rise in cyber related system breaches. Fundingshield continues its surveillance of fraud tactics and noticed a seasonal trend of lenders potential settlement and wire fraud related cases. The Equifax breach furthers the impact of fraud beyond consumer level and we anticipate it will add to compromised information and personas within the mortgage
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Categories: Press Releases.

Fundingshield & NFP Corporation – Enhanced Crimes Policy Overview

October 9, 2017 | by | Comments Off on Fundingshield & NFP Corporation – Enhanced Crimes Policy Overview

Please see the overview of the Enhanced New York Crimes Policy at the below PDF link. 17-FCI-PGL-NE-0413 Crime Lawyers Handout_OTG_2 Content is from the Marketing department of NFP Corporation, any questions of comments can be directed to NFP: Harris Tsangaris – htsangaris@nfp.com    
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Categories: Press Releases.

FundingShield Announces Partnership With Pioneer Underwriters and NFP Corporation to privide enhanced crimes policies covering New York State Attorney “Theft of client funds”

September 25, 2017 | by | Comments Off on FundingShield Announces Partnership With Pioneer Underwriters and NFP Corporation to privide enhanced crimes policies covering New York State Attorney “Theft of client funds”

PRESS RELEASE: Original release can be found here NEWPORT BEACH, Calif.–(BUSINESS WIRE)–FundingShield is proud to announce its partnership with Pioneer Underwriters (U.K.) and NFP Corporation (a global top insurance brokerage) in deploying FundingShield’s technology based underwriting services allowing for enhanced crimes policies for New York state attorneys. FundingShield was able to leverage its vast data from over $500 billion of mortgage closings that identify closing party document deficiencies, control gaps or potential fraud tactics used by closing agents and attorneys to develop the framework to approve attorneys seeking enhanced coverage. The “FundingShield Endorsement” policy specifically covers theft of clients funds
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Categories: Press Releases.
Tags: crimes, Fintech, Fraud, insurance, insuretech, insurtech, law firm, policy, and regtech.

FundingShield News Alert 9/14/2017: Equifax Data Breach Impact on Mortgage Funding & Third Party Risk

September 14, 2017 | by | Comments Off on FundingShield News Alert 9/14/2017: Equifax Data Breach Impact on Mortgage Funding & Third Party Risk

As the mortgage industry lenders implement the requirements to meet the New York Cyber Security requirement (DFAS) and the FFIEC CAT, the Equifax breach highlights the existing risk surrounding data integrity, fraud and the need for enhanced controls. Consumer finance and mortgage banks will have to manage the ongoing threat of fraud which the mortgage press and our clients have reacted to by showing an increased demand for third party diligence, oversight and controls. National Mortgage News Reported Monday September 11, 2017 the Seven Aftershocks of the Equifax Breach of which one of the 7 points highlighted was precisely Third-party
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Categories: Press Releases.
Tags: Bank, Compliance, Cyber, Equifax, Fraud, funding, lender, lending, Mortgage, Risk, Security, third party, and wire.

William Klumper, a mortgage risk, technology and information security veteran joins the Fundingshield Advisory Board.

July 17, 2017 | by | Comments Off on William Klumper, a mortgage risk, technology and information security veteran joins the Fundingshield Advisory Board.

Newport Beach, CA (July 17, 2017) – Fundingshield, LLC., is pleased to announce the mortgage risk, information security and technology veteran, William Klumper, has joined its advisory board. William’s career has focused on driving best practices and technological innovation for the mortgage industry in the information security, risk and technology forums. He currently serves as the Chief Information Officer of First Mortgage Company LLC in Nebraska where he also assumed the Chief Security Officer & Chief Privacy Officer roles facilitating governance and controls during the firms rapid growth. He currently has several Mortgage Industry wide leadership roles including MISMO where
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Categories: Press Releases.
Tags: CIO, CISO, Fraud, funding, Fundingshield, Mortgage, Risk, Settlement, and wire.

FundingShield Announces Ike Suri as CEO and Launches a New Array of Products, Pricing & Service Bundles with Enhanced Tools for Fraud and Risk Mitigation in the Mortgage Industry

March 7, 2017 | by | Comments Off on FundingShield Announces Ike Suri as CEO and Launches a New Array of Products, Pricing & Service Bundles with Enhanced Tools for Fraud and Risk Mitigation in the Mortgage Industry

March 06, 2017 03:27 PM Eastern Standard Time NEWPORT BEACH, Calif.–(BUSINESS WIRE)–FundingShield announced that its Chairman Ike Suri would be taking the role of CEO, partnering with the firm’s President, Adam Chaudhary to execute the firm’s growth strategy. Adam commented, “Ike brings 25 years of experience and relationships as a principal and operator in private equity, technology, human capital management and strategic situations. He has led various efforts in financial services, banking, technology solutions and investments. The valuable risk management and technology aptitude he brings is already reflected in the strategy, operations and product offering at FundingShield.” FundingShield’s technology-enabled services
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Categories: Press Releases.