FundingShield Q3 2024 Wire Fraud Risk Report Showing Nearly Half of Transactions at Risk
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–#compliancemanagement–During Q3 2024, 46.43% percent of transactions on a $82bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.23 issues per loan indicating the lack of appropriate controls by closing agents and lenders to identify […]