Latest news with #MISMO-certified
Yahoo
5 days ago
- Business
- Yahoo
Fannie Mae, FHFA, and Palantir Join Forces to Combat Mortgage Fraud—FundingShield Supports This Initiative With Its Proven, Real-Time Solutions
NEWPORT BEACH, Calif., May 29, 2025--(BUSINESS WIRE)--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 Public and private stakeholders—including Fannie Mae, FHFA, and Palantir—are leveraging technology and data-driven insights to detect fraudulent activity more effectively. This policy initiative, initiated by President Donald J. Trump and led by Bill Pulte, brings government and industry leaders together to strengthen protections for homebuyers and financial institutions, fostering a more secure and transparent lending environment. FundingShield, the leader in transaction-level fraud prevention and real-time risk management, welcomes this industry-wide push for greater security in mortgage transactions. Having safeguarded over $4 trillion in closings, FundingShield brings extensive expertise and trusted technology to the fight against mortgage fraud, wire fraud, and title fraud. "Fraud in mortgage transactions can appear at multiple stages—from loan applications to closing, and even post-funding. It's a systemic issue that requires proactive monitoring and remediation," said Ike Suri, Chairman and CEO of FundingShield. "Our embedded, real-time technology doesn't just identify fraud—it remediates it, helping transactions close securely and efficiently so homebuyers and lenders can move forward with confidence." FundingShield's suite of API-enabled tools is fully integrated with key industry partners, including ICE Mortgage Technology, SitusAMC, Mastercard, and Tata Consultancy Services (TCS). These integrations allow for secure, streamlined, and scalable fraud prevention solutions that reduce operational costs and translates to tangible ROI while improving efficiency—ultimately benefitting homebuyers, Sellers, Lenders, Title companies and investors. With a firm commitment to risk management, regulatory compliance, fraud prevention and remediation, FundingShield continues to set the standard for secure and verified mortgage transactions for clients. By providing and leveraging our proprietary decision ready data, advanced machine learning, and deep industry connectivity, FundingShield remains a trusted partner in ensuring safe and reliable home financing. About FundingShield FundingShield is a leading provider of wire and title fraud prevention, transaction-level risk management, and real-time decision ready fraud detection and remediation. As the only MISMO-certified firm offering transaction-level fraud prevention, FundingShield leverages live source verified data, and machine learning to enhance security and compliance across the mortgage industry. With a proven track record of safeguarding over $4 trillion in closings and processing over $70 billion in monthly transactions, FundingShield's scalable, API-driven solutions help lenders, investors, and asset managers reduce costs, mitigate risk, and ensure seamless mortgage transactions. View source version on Contacts Media Inquiries and to learn more about our firm:FundingShield+1 949-706-7888Info@ Visit us on social media:LinkedIn Facebook Twitter Sign in to access your portfolio
Business Wire
5 days ago
- Business
- Business Wire
Fannie Mae, FHFA, and Palantir Join Forces to Combat Mortgage Fraud—FundingShield Supports This Initiative With Its Proven, Real-Time Solutions
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--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 "Our embedded, real-time technology doesn't just identify fraud—it remediates it, helping transactions close securely and efficiently so homebuyers and lenders can move forward with confidence,' - Ike Suri, CEO of FundingShield Share Public and private stakeholders—including Fannie Mae, FHFA, and Palantir—are leveraging technology and data-driven insights to detect fraudulent activity more effectively. This policy initiative, initiated by President Donald J. Trump and led by Bill Pulte, brings government and industry leaders together to strengthen protections for homebuyers and financial institutions, fostering a more secure and transparent lending environment. FundingShield, the leader in transaction-level fraud prevention and real-time risk management, welcomes this industry-wide push for greater security in mortgage transactions. Having safeguarded over $4 trillion in closings, FundingShield brings extensive expertise and trusted technology to the fight against mortgage fraud, wire fraud, and title fraud. 'Fraud in mortgage transactions can appear at multiple stages—from loan applications to closing, and even post-funding. It's a systemic issue that requires proactive monitoring and remediation,' said Ike Suri, Chairman and CEO of FundingShield. 'Our embedded, real-time technology doesn't just identify fraud—it remediates it, helping transactions close securely and efficiently so homebuyers and lenders can move forward with confidence.' FundingShield's suite of API-enabled tools is fully integrated with key industry partners, including ICE Mortgage Technology, SitusAMC, Mastercard, and Tata Consultancy Services (TCS). These integrations allow for secure, streamlined, and scalable fraud prevention solutions that reduce operational costs and translates to tangible ROI while improving efficiency—ultimately benefitting homebuyers, Sellers, Lenders, Title companies and investors. With a firm commitment to risk management, regulatory compliance, fraud prevention and remediation, FundingShield continues to set the standard for secure and verified mortgage transactions for clients. By providing and leveraging our proprietary decision ready data, advanced machine learning, and deep industry connectivity, FundingShield remains a trusted partner in ensuring safe and reliable home financing. About FundingShield FundingShield is a leading provider of wire and title fraud prevention, transaction-level risk management, and real-time decision ready fraud detection and remediation. As the only MISMO-certified firm offering transaction-level fraud prevention, FundingShield leverages live source verified data, and machine learning to enhance security and compliance across the mortgage industry. With a proven track record of safeguarding over $4 trillion in closings and processing over $70 billion in monthly transactions, FundingShield's scalable, API-driven solutions help lenders, investors, and asset managers reduce costs, mitigate risk, and ensure seamless mortgage transactions.
Associated Press
28-01-2025
- Business
- Associated Press
NotaryCam Drives Digital Transformation with Record Growth in 2024
HOUSTON, Texas, Jan. 28, 2025 (SEND2PRESS NEWSWIRE) — NotaryCam®, a Stewart-owned company and leading remote online notarization (RON) provider for real estate and legal transactions, announced a milestone year in 2024, having completed more than 154,000 RON transactions. The company also experienced a 26% increase in loss mitigation-related RON transactions through its real estate vertical, reflecting its ability to address lenders' needs for efficient borrower support. '2024 has been a pivotal year for NotaryCam as we've embraced new opportunities and tackled industry challenges head-on,' said Brian Webster, president of NotaryCam. 'Through the expansion of our platform, enhancements to client support, and unwavering commitment to innovation, we're empowering lenders, title companies and borrowers to fully embrace the digital transformation of real estate and mortgage closings.' NotaryCam achieved key state approvals in South Dakota and California, paving the way for expanded digital notarization capabilities nationwide. This growth enabled the company to onboard more than 75 new clients and extend its services across multiple verticals. Among its most notable 2024 achievements, NotaryCam: Launched its 'Done For You' eClosing program, providing seamless transitions to full digital closings, complete with eNote creation and secure eVault options. Enhanced platform features with integrations like DocMagic, reducing document error rates and improving signing accuracy through conditional annotations and grouped tags. Maintained an industry-leading Net Promoter Score (NPS) of 86, based on over 23,000 responses with an average score of 9.5, reflecting exceptional customer satisfaction. NotaryCam's 2024 accomplishments continue positioning the company as a trusted partner for digital notarization and mortgage eClosing solutions, supported by its scalable, MISMO-certified eClose360® platform. With advanced features, including automated tagging, secure signing rooms and integration flexibility, the platform has become a benchmark for reliability and efficiency in the industry. About NotaryCam, a Stewart Company NotaryCam, a Stewart -owned company, is a leader in online notarization and mortgage eClosing solutions, having notarized documents worldwide for more than a million customers. The company's eClose360® platform delivers the 'perfect' online mortgage closing in every allowable jurisdiction and supports all eClosing scenarios with a flexible workflow for document recording and unparalleled identity verification, security and customer convenience. In addition to real estate transactions, NotaryCam provides RON services to many Fortune 500 companies as well as small and midsize businesses. The company also proudly maintains an industry-leading 99.8 percent customer satisfaction rating and the highest Net Promoter Score (NPS) amongst the best global tech brands. ### MEDIA ONLY CONTACT: (not for publication online or in print) Lindsey Neal Depth for NotaryCam (404) 549-9282 [email protected] ### Keywords: Notary Public and eNotary, NotaryCam, Stewart-owned company, online notarization and mortgage eClosing solutions, HOUSTON, Texas Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P123650 AP-R15TBLLI
