FundingShield, Newport Beach, Calif., released its second-quarter report, finding that 47.08% of transactions in a $74 billion portfolio including residential, commercial and business purpose loans presented some risk.
Tag: FundingShield
FundingShield: Q1 Wire, Title Fraud Risk Remains High
FundingShield, Newport Beach, Calif., reported that wire and title fraud risk dropped somewhat from record-breaking levels hit in the fourth quarter of 2023, but 48% of loans processed in the quarter still exhibit at least one risk factor.
FundingShield: Q4 2023 Analytics Show Significant Risk for Wire, Title Fraud
FundingShield, Newport Beach, Calif., reported wire and title fraud risk reached a high of 51.8% of loans on a $61 billion portfolio having at least one risk issue in the fourth quarter.
FundingShield: Concerns of Wire, Title Fraud Still High in Q3
FundingShield, Newport Beach, Calif., reported risks of wire and title fraud remained high in third-quarter data, although fairly flat from the previous quarter.
FundingShield Receives MISMO Software Certification for Wire Fraud Prevention Technology
MISMO®, the mortgage industry standards organization, recognized FundingShield, an industry leading innovator within the mortgage fintech industry, with its Premiere Level Certification for their wire fraud prevention software. The Premiere Level Certification is the highest-level certification available by MISMO.