Articles from FundingShield

FundingShield, a financial technology company helping mortgage and real estate finance participants manage risk, compliance and fraud, today announced the appointment of Adam Chaudhary as Chief Operating Officer, continuing to report to Chief Executive Officer Ike Suri.

FundingShield reported that during Q3 2025, nearly 46.6% of transactions within an approximately $90+ billion portfolio—spanning residential, commercial, NonQM and business-purpose loans—were flagged for issues posing significant wire and title fraud risks. Each of these problematic loans exhibited an average of 3.1 issues per transaction, a record high and a 35% increase from last quarter, indicating intensified issue concentration.

During Q2 2025, nearly 46.63% of transactions within an approximately $81 billion portfolio—spanning residential, commercial, and business-purpose loans—were flagged for issues that posed a significant risk of wire and title fraud. On average, each problematic loan exhibited 2.2 issues, highlighting a troubling trend: existing controls by closing agents and lenders are proving insufficient to consistently detect and resolve these vulnerabilities before closing.

In a major step toward protecting the integrity of the U.S. housing finance system, Fannie Mae CEO Priscilla Almodovar, FHFA Director Bill Pulte, and Palantir Technologies CEO Alex Karp have joined forces in a coordinated initiative to combat mortgage fraud across the homebuying process. This effort reflects a broader industry commitment to strengthening fraud prevention and financial integrity

FundingShield is pleased to announce that Karthik Kumar, an internationally recognized leader in mortgage technology and digital transformation, has joined its Advisory Board.

During Q1 2025 46.8% percent of transactions on a ~$80bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.5 issues per loan which is a new record, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues.

FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into an integration agreement with OptiFunder, the creators of OptiFunder WMS and Greyhound Warehouse Management System whose innovative solutions power automation from mortgage loan funding, through the warehouse and investor delivery process. The integration will further drive ROIs to independent mortgage bank and warehouse lending clients that OptiFunder and FundingShield serve delivering on their common goals of funding process optimization, fraud prevention and cost savings. Together, the firms hope to protect financial institutions from the rapid increase in wire and title fraud in recent years with an integrated offering.

During Q3 2024, 46.43% percent of transactions on a $82bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.23 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues.

FundingShield, the market leader in wire & title fraud prevention, released its Q2 2024 report showing nearly half (47%) of transactions were at risk. Disparate systems and processes between the title and lending communities as well as cyber-related risk from bad actors drove these high figures. An increase in title-related claims has been noticed as well as execution errors by closing agents, meaning a thorough review process is needed by lenders at the transaction level.

FundingShield is pleased to announce that John Hedlund has joined its advisory board.

FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered into a relationship with CoreLogic®, a leader in global property information, analytics and data-enabled solutions, to provide comprehensive title fraud solutions via a seamless API integration to the CoreLogic Digital Mortgage Platform™. Together, the companies are working to protect borrowers and financial institutions from the rapid increase in wire and title fraud in recent years, delivering superior standards in data integrity, bank account verification, and counterparty compliance.

Wire and title fraud risk reached all time highs for Q4 2023. With 51.8% of loans in Q4 2023 having at least one risk issue. This is a ~5% rise from Q3 2023.

FundingShield, a fintech focused on wire and title fraud prevention in the financial services market, today announced its successful completion of its SOC 2 audit.

FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with SitusAMC, a technology firm whose innovative, trusted solutions power the lifecycle of commercial and residential real estate finance. Together, the partners hope to protect financial institutions from the rapid increase in wire and title fraud in recent years.

FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions. Together, with FundingShield’s award-winning wire fraud prevention tools and TCS’ deep technology expertise and longstanding financial industry experience, the partners hope to protect even more lenders, home buyers, and sellers from the rapid increase in wire and title fraud in recent years.

FundingShield, a market-leading, cloud-based firm providing fintech solutions to manage risk, compliance and fraud prevention, has entered a partnership with Mastercard to leverage its open banking platform delivered by Finicity, a Mastercard company. FundingShield provides live, source data-based technology products and SaaS solutions that have been used to secure the funds of over $2.5 trillion in mortgage closings.

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 of higher interest rates, lower transaction volumes and elevated costs.

FundingShield is pleased to announce that Selim Aissi has joined its advisory board.