Archives for Press

Wire Fraud Consequences to Mortgage Lenders

March 14, 2020 | by | Comments Off on 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 industryÔÇöa 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
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Categories: Media, Press, and Press Releases.

FundingShield Announces Integration With Ellie Mae’s Encompass

October 16, 2019 | by | Comments Off on 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
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Categories: Press and Press Releases.

Ike Suri, FundingShield Chairman & CEO, Named Tech Trendsetter 2019 by HousingWire Magazine.

October 11, 2019 | by | Comments Off on Ike Suri, FundingShield Chairman & CEO, Named Tech Trendsetter 2019 by HousingWire Magazine.

Write Up From HousingWire: 2019 HW Tech Trendsetter: Ike Suri An investor and enterprise builder, Ike Suri can form a vision, design a plan and implement, execute and deliver successful solutions for clients and consumers in technology and tech related industries. CONTACT INFO@FUNDINGSHIELD.COM FOR ANY MEDIA INQUIRIES
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Categories: Media and Press.
Tags: #CEO, #Chairman, #ikesuri, #leadership, #wirefraud, Fintech, and Fundingshield.

FundingShield Receives MISMO® Software Certification for Wire Fraud Prevention Technology

October 11, 2019 | by | Comments Off on 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.”
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Categories: Press and Press Releases.
Tags: #MortgageTech, #Titleinsurance, #wirefraud, Fintech, insurance, Mortgage, Risk, and Title.

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.

Shred Media’s Jason Frazier Interviews FundingShield’s Ike Suri & Adam Chaudhary at the Inaugural California Mortgage Bankers Association (CMBA) Tech Innovators Conference 2019 in San Diego

August 26, 2019 | by | Comments Off on Shred Media’s Jason Frazier Interviews FundingShield’s Ike Suri & Adam Chaudhary at the Inaugural California Mortgage Bankers Association (CMBA) Tech Innovators Conference 2019 in San Diego

  Shred Media – Live from CMBA’s Mortgage Innovators Conference with Adam and Ike of FundingShield from Shred Media on Vimeo. Wonderful sharing the message on wire fraud and settlement risk management for the mortgage and real estate industry with SHRED Media’s Jason Frazier alongside our CEO Ike Suri in San Diego at the California Mortgage Bankers Association Tech Innovators Conference #fintechhashtag#mbahashtag#mortgagebankershashtag#closinghashtag#fraudhashtag#titlehashtag#mortgagetechhashtag#realestateindustryhashtag#settlementhashtag#innovationhashtag#ceohashtag#Presidenthashtag#principal
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Categories: Media and Press.

FundingShield announces a strategic partnership with Tavant to integrate into Tavant VELOX’s FinConnect enterprise bus

August 19, 2019 | by | Comments Off on 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
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Categories: Press and Press Releases.
Tags: #APIs, #MortgageTech, #tavant, #wirefraud, Fintech, Fundingshield, regtech, and Risk.

FundingShield partners with FormFree┬« to Deliver Enhanced Wire Fraud Protection to FormFree’s Network of More than 1,000 Mortgage Lenders

July 11, 2019 | by | Comments Off on 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
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Categories: Press and Press Releases.
Tags: #APIs, #formfree, #HW100, #Integration, #Passport, #wirefraud, #wires, Fintech, Fraud, HousingWire, regtech, Risk, and WAVs.