May 12, 2021

HousingWire Reports FundingShield Q1 2021 Wire Fraud Market Risk Analytics

 

HousingWire Reports FundingShield Q1 2021 Wire Fraud Market Risk Analytics

HousingWire reported FundingShield’s Q1-2021 Market Wire Fraud Risk Analytics showing that wire fraud & title fraud risks increased by ~90% from Q4 2020 to Q1 2021.

1 in 3 transactions had wire and title fraud risks during Q1 2021 and much of this risk was driven by growing adoption of eClosing solutions that lack third party oversight.

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