Archives for Press

FundingShield named to the HousingWire Tech100 2023 as a top 100 technology provider serving the real estate economy for fifth year in a row

March 2, 2023 | by | Comments Off on 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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Categories: Press and Press Releases.

PRESS RELEASE: FundingShield enters strategic partnership agreement with Milestones.Ai to offer consumer down payment wire fraud protection

January 17, 2023 | by | Comments Off on 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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Categories: 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

January 11, 2023 | by | Comments Off on 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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Categories: 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

January 10, 2023 | by | Comments Off on 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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Categories: featured, Media, and Press.

FundingShield Wire Fraud Analytics Q3 2022

October 26, 2022 | by | Comments Off on 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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Categories: featured, Media, and Press.

FundingShield Wire Fraud Analytics Q2 2022

July 28, 2022 | by | Comments Off on 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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Categories: featured, Media, and Press.

FundingShield Wire Fraud Analytics Q4 2021

January 13, 2022 | by | Comments Off on 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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Categories: featured, Media, and Press.

HousingWire Reports FundingShield Q3 2021 Wire Fraud Market Risk Analytics

October 22, 2021 | by | Comments Off on HousingWire Reports FundingShield Q3 2021 Wire Fraud Market Risk Analytics

  HousingWire Reports FundingShield Q3 2021 Wire Fraud Market Risk Analytics Commentary from FundingShield’s CEO Ike Suri Wire and title fraud risk continued to rise in the third quarter of 2021 where 47% 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 increased overall risk and a higher concentration of risk elements for problematic loans. This growth comes on the back of all-time high values from the first & second quarter of this year. E-closings and other automation technologies continue
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Categories: featured, Press, and Press Releases.
Tags: Consumer Fraud, Mortgage, mortgage Fraud, Title Fraud, and Wire Fraud.

7 ways to protect yourself against cyber attacks

October 6, 2021 | by | Comments Off on 7 ways to protect yourself against cyber attacks

7 ways to protect you against cyber attacks One of the most efficient ways to protect you against cyber attacks is to learn or train yourself or your employees on these sort of attacks, so here’s a list of 7 ways to protect you against cyber attacks. Don’t overshare on social media You need to be very careful on what you are sharing on social media, and although this may be too obvios sometimes we don’t understand the sensitiveness of the information we are posting. For example, posting the an old photo about your elementary school might be giving answers
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Categories: Media, News Letters, Press, and Press Releases.