FundingShield is a financial services company that offers loss mitigation tools to the residential mortgage industry. Its offerings include wire and title fraud protection through active transaction monitoring, document inspection and license verification services. It also assesses if sufficient insurance is in place for the transactions it monitors.
Originally founded in 2010, FundingShield is based in Newport Beach, California.
According to a Q4 analysis by MISMO-certified wire fraud prevention fintech FundingShield, 50.5% of transactions had issues leading to wire and title fraud risk. Additionally, 5.25% of transactions were not registered or valid in title insurer systems at the time of closing.