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FundingShield Integrates Title Fraud Prevention Services on CoreLogic’s Digital Mortgage Platform

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FundingShield, a fintech that provides plug-and-play solutions to manage risk, compliance and fraud prevention, has entered into a relationship with CoreLogic, a provider of global property information, analytics and data-enabled solutions, to provide comprehensive title fraud solutions via an 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 higher standards in data integrity, bank account verification and counterparty compliance.

With this new integration, CoreLogic Digital Mortgage Platform clients can now access FundingShield’s cost-saving and risk-reducing ecosystem of applications to protect against wire fraud and efficiently manage their risk and compliance as part of their existing mortgage closing workflows. FundingShield’s live ecosystem of service provider source bank data is one of the largest in the industry, with over 95% coverage.

“Wire fraud prevention is a growing challenge and rising priority for CoreLogic clients,” said Bob Jennings, executive, collateral and risk solutions at CoreLogic. “As cyber-based threats hit the mortgage, title and real estate segments and payment-related fraud increases, our integration with FundingShield will allow our clients easy access to risk management solutions to address these concerns.”

“CoreLogic is the intersection of the data used to drive the mortgage and real estate markets,” said Ike Suri, CEO of FundingShield. “As clients seek automated solutions to drive ROI, we are excited to deliver FundingShield’s cutting-edge financial technology CoreLogic clients to help combat wire fraud. Our expertise is in providing automated, real-time, source-data verifications for compliance and risk management. We look forward to bringing our automations to more of the top US banks, residential and commercial real estate lenders where CoreLogic has deep domain knowledge and experience.”