FundingShield Makes the Inc. 5000 For The 3rd Time in A Row Newport Beach CA, August 15, 2023 – Inc. revealed today that FundingShield made the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America, for the third consecutive year. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segmentÔÇöits independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000. “FundingShield is honored to be on the Inc. 5000 list
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Archives for Press
FundingShield Ranks No. 43 on Inc. Magazine’s 2023 List of the Pacific Region’s Fastest-Growing Private Companies
FundingShield Ranks No. 43 on Inc. Magazine’s 2023 List of the Pacific Region’s Fastest-Growing Private Companies FundingShield is incredibly proud to announce that is has ranked as the #43 fastest growing private company in the Pacific on the Inc. Magazine 2023 awards. ÔÇ¿ Companies on the 2023 Inc. 5000 Regionals: Pacific list had an average growth rate of 559 percent between 2019 and 2021. The private companies that made the list had an average growth rate of 559 percent and, in 2021 alone, added 14,536 jobs and $4.6 billion to the Pacific region’s economy. Companies based in
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FundingShield named to the HousingWire Tech100 2023 as a top 100 technology provider serving the real estate economy for fifth year in a row
FundingShield named to the HousingWire Tech100 2023 as a top 100 technology provider serving the real estate economy for fifth year in a row FundingShield is excited to be named to the 2023 HousingWire Tech 100 list for the fifth year in a row. The HousingWire Tech100 is a list of the top 100 technology providers serving the real estate economy. FundingShield has achieved the award on the back on continued success in delivering a live, source-data driven ecosystem that provides data verification, 3rd party risk management, closing agent compliance, cyber security risk management, wire fraud prevention
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Press and Press Releases.
PRESS RELEASE: FundingShield enters strategic partnership agreement with Milestones.Ai to offer consumer down payment wire fraud protection
PRESS RELEASE: FundingShield enters strategic partnership agreement with Milestones.Ai to offer consumer down payment wire fraud protection Newport Beach, CA (January 17, 2023) – Fundingshield, LLC., is pleased to announce it has entered into a strategic partnership to deliver its consumer wire fraud prevention technology (“CWAVs”) to clients of Milestones.Ai (“Milestones”) protecting homebuyers from real estate wire fraud. FundingShield, a leading provider of FinTech risk management and fraud prevention tools used in the US real estate and mortgage finance ecosystem, announced that its Consumer-Wire Account Verification Service (referred to as “CWAVs”) will be made available to Milestones.AI clients.
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Press and Press Releases.
PRESS RELEASE: Bloomberg Covers FundingShield Press Release on Wire-fraud & title-fraud prevention as cyber-security risk rises and insurers pull back on crimes and cyber policy issuance
PRESS RELEASE: Bloomberg Covers FundingShield Press Release on Wire-fraud & title-fraud prevention as cyber-security risk rises and insurers pull back on crimes and cyber policy issuance Bloomberg Covers FundingShield Press Release on Wire-fraud & title-fraud prevention as cyber-security risk rises and insurers pull back on crimes and cyber policy issuance. Signal that risk management technology, fraud prevention and compliance automation technology is needed to address payment security. For the full article from Bloomberg. Click Here
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Press and Press Releases.
PRESS RELEASE: FundingShield Announces $670 Billion in Mortgage Related Payments Secured in 2022, 63% Client Growth in 2022, and CEO Ike Suri Appointed to California Mortgage Bankers Association Board
PRESS RELEASE: FundingShield Announces $670 Billion in Mortgage Related Payments Secured in 2022, 63% Client Growth in 2022, and CEO Ike Suri Appointed to California Mortgage Bankers Association Board Newport Beach, CA (January 10, 2023) – FundingShield announced that its CEO, Ike Suri, has been appointed as a board member to the California Mortgage Bankers Association (“CMBA”), the country’s largest state level Mortgage Finance Association. The appointment of Ike Suri comes at a time when the mortgage market is seeking further efficiencies driven by technology to manage cost, risk, improve throughput and improve client experience in light
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FundingShield Wire Fraud Analytics Q3 2022
FundingShield Q3 2022 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri Wire and title fraud risk reached a new record in the third quarter of 2022 at 47.9% of transactions having at least one risk issue. With the contraction in market transaction volumes the impact is that much more severe for lenders where a single wire or title fraud event could be catastrophic. Business email compromise (BEC) attacks in real estate have appeared in media outlets such as Bloomberg’s recent article that shed light on this blind spot that has been overlooked from a risk prevention perspective.
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FundingShield Wire Fraud Analytics Q2 2022
FundingShield Q2 2022 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri Wire and title fraud risk remained at all time high levels in the second quarter of 2022 while the market contracted, rates increased, and fraud risk continued to rise. Several national law firms, title agents and independent agents had business email compromise events that FundingShield uncovered after these firms had emails going to market with fraudulent wire instructions unbeknown to anyone at the closing agent / law firms. Comparing Q2 2021 vs Q1-2022 there was an alarming increase in fraud/risk exposure surrounding wire related issues of
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FundingShield Wire Fraud Analytics Q4 2021
FundingShield Q4 2021 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri “Wire and title fraud risk remained at elevated levels in the fourth quarter of 2021 where 42% of loans reviewed by FundingShield had at least one risk finding, and of those loans, an average of 2.1 risk findings existed per transaction. This is a sign of continued heightened levels of overall risk and consistently highly concentrated risk elements for problematic loans. In all categories, the fourth quarter levels remained above-average on the approximate $75 Billion plus sample set pulled from Q4 2021 data. This quarter we
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Adam Chaudhary Ranked Amongst the 40 under 40 in National Mortgage Professional Magazine
Adam Chaudhary Named Top 40 Under 40 Upcoming Leaders in the Mortgage Industry in National Mortgage Professionals Magazine December 13, 2021
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