FundingShield
Wire Fraud Prevention and Closing Agent Verification.
Overview
FundingShield offers a fintech solution to prevent wire fraud in mortgage closings. It provides a loan-level certification and insurance coverage by verifying the credentials of closing agents, title companies, and attorneys. This helps lenders and buyers avoid fraudulent wire transfers.
✨ Key Features
- Closing Agent Verification
- Title and Settlement Company Validation
- Wire Instruction Verification
- Transaction-level Insurance
- Compliance Reporting
🎯 Key Differentiators
- Focus on closing agent and settlement company data verification
- Provides loan-level certification
Unique Value: Delivers transaction-level protection by focusing on the verification of closing agents and settlement companies, a critical point of vulnerability in wire fraud.
🎯 Use Cases (3)
✅ Best For
- Protecting mortgage lenders from wire fraud and ensuring compliance with closing agent verification requirements.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- General corporate payments not related to real estate.
🏆 Alternatives
Goes beyond simple identity verification by validating the professional licenses and insurance of closing agents, providing a deeper layer of security.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Varies tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
🔄 Similar Tools in Wire Fraud Prevention
CertifID
Real-time identity verification and device authentication to prevent wire fraud in real estate and o...
Verafin
A comprehensive suite of anti-financial crime solutions, including fraud detection and anti-money la...
NICE Actimize
Provides a comprehensive suite of financial crime, risk, and compliance solutions for financial inst...
SAS for Fraud and Security Intelligence
An analytics-based platform for detecting, preventing, and managing fraud and financial crimes....
BAE Systems Applied Intelligence
Provides a range of solutions to help organizations combat fraud, cybercrime, and financial crime....
Bottomline
Provides a range of solutions for business payments, including fraud and financial crime prevention....