True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

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How to prevent wire fraud while increasing production

Between Q2 and Q3, state licensing issues increased by an additional 90%

The low interest rates this year have led to increased revenue and high loan volumes. Unfortunately, the threat of wire and title fraud risk has also increased. 

As companies and their workforces continue to adjust to a work-from-home system in a disjointed environment, transition challenges persist. Acceleration of technology and the embrace of new, innovative solutions can help companies coordinate and collaborate to improve customer satisfaction, but the same new tech is also available to bad actors. As a result, even new technology hasn’t diminished the threats of fraud risk and compliance issues.

Comparing Q2 vs Q3 2020 in its latest Wire and Title Fraud Analytics report, FundingShield found:

  • 30% increase in fraud/risk exposure in CPL errors and issues
  • 31.5% increase in wire verification and ownership issues
  • 90% increase in state licensing issues

Working with FundingShield tools can help prevent these issues while increasing overall production and cutting costs, leading to higher profits.

FundingShield offers industry-leading fintech B2B and B2B2C fraud prevention solutions that deliver transaction-level coverage against wire and title fraud, settlement risk, closing agent compliance and cyber threats. For more information, visit https://fundingshield.com/ or email sales@fundingshield.com.

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