Archives for Press

HousingWire Reports FundingShield Q1 2021 Wire Fraud Market Risk Analytics

May 12, 2021 | by | Comments Off on HousingWire Reports FundingShield Q1 2021 Wire Fraud Market Risk Analytics

  HousingWire Reports FundingShield Q1 2021 Wire Fraud Market Risk Analytics HousingWire reported FundingShield’s Q1-2021 Market Wire Fraud Risk Analytics showing that wire fraud & title fraud risks increased by ~90% from Q4 2020 to Q1 2021. 1 in 3 transactions had wire and title fraud risks during Q1 2021 and much of this risk was driven by growing adoption of eClosing solutions that lack third party oversight.
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Categories: Press and Press Releases.

Ike Suri named MBA Tech All Star 2021

May 1, 2021 | by | Comments Off on Ike Suri named MBA Tech All Star 2021

Ike Suri named MBA Tech All Star 2021 “Suri was not selected because he got a lot of nominations. The quality of his vision in the past four years has transformed how many of us work. Plus, it’s hard to ignore the head of a company that has reviewed more than $1 trillion (that’s trillion with a “t”) in closing value.” As quoted by MBA Continue Reading
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Categories: News Letters, Press, and Press Releases.

Funding Shield Wire Fraud Analytics 2021

April 22, 2021 | by | Comments Off on Funding Shield Wire Fraud Analytics 2021

    Wire and title fraud risk spiked in the first quarter of this year while closing and settlement firms leveraged new RON, eClosing and other automation technologies and various cyber security breach events took place at a national scale. Prolonged Work-From-Home policies as well as customer convenience demands have driven the need to expand and leverage many of these eClosing technologies which have increased speed but such solutions are not fraud prevention tools.   Comparing Q1 2021 vs Q4-2020 there was an alarming increase in fraud/risk exposure surrounding CPL errors/issues of 163%, a 22 times increase in CPL/Agent validation
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Categories: Press.

FundingShield Demo’s at the MBA Spring21 conference

April 22, 2021 | by | Comments Off on FundingShield Demo’s at the MBA Spring21 conference

FundingShield shared its fintech, market-leading solutions in Wire & title fraud risk management to the mortgage industry at the Mortgage Bankers Associations national Spring21 conference. See the video link below: https://youtu.be/Hk28fDmkj4k Contact sales@fundingshield.com for a demo!
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Categories: Media, News Letters, Press, and Press Releases.

NEW PODCAST ALERT! “The Most Interesting Man in Mortgage Discusses His Business, Fraud Prevention & Movies” with Ike Suri

April 12, 2021 | by | Comments Off on NEW PODCAST ALERT! “The Most Interesting Man in Mortgage Discusses His Business, Fraud Prevention & Movies” with Ike Suri

Mike Eshelman, CMB┬«, AMP talks with “The Most Interesting Man in Mortgage” Ike Suri (Chairman & CEO of FundingShield) and discusses his business, fraud prevention & movies – Listen now!
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Categories: Media, News Letters, Press, and Press Releases.

2021 HW Tech100 Real Estate winner: FundingShield

March 11, 2021 | by | Comments Off on 2021 HW Tech100 Real Estate winner: FundingShield

FundingShield’s API-driven fintech services allow lenders, investors, homebuyers, and title companies to confirm wired funds are going to intended recipients and transactions are free of impact from cyber fraud, phishing, business email compromise, or title fraud. The company’s services leverage source data in real-time to confirm documents are valid, vendors are compliant with regulations, and insurance coverage protecting lenders, real estate investors, and consumers are enforceable. The mortgage and real estate market has over 80,000 entities and permitted roles that can provide closing and settlement services and these closing agents must be verified, vetted, and validated for risk management purposes.
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Categories: Media, News Letters, Press, and Press Releases.

The Mortgage Bankers Association sheds a spotlight on FundingShield CEO & Chairman Ike Suri

March 11, 2021 | by | Comments Off on The Mortgage Bankers Association sheds a spotlight on FundingShield CEO & Chairman Ike Suri

The Mortgage Bankers Association honored FundingShield CEO & Chairman, Ike Suri, for his dedication to the advancement in the mortgage industry with a member spotlight per the below link. FundingShield’s President, Adam Chaudhary, shared the post with our staff, clients, partners and friends. View More
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Categories: Media, News Letters, Press, and Press Releases.