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FundingShield and OptiFunder Join Forces to Enhance Mortgage Risk Management
Slice of Finance Team
29 Oct
Key Highlights:
FundingShield integrates with OptiFunder to bolster fraud prevention and risk management for mortgage lenders.
Joint solution to reduce wire fraud risks in the mortgage industry, enhancing compliance and operational efficiencies.
API-enabled access for OptiFunder clients to FundingShield’s comprehensive data for real-time verification and validation.
Source: Business Wire
Notable Quotes:
“Wire fraud prevention is a key priority for OptiFunder clients, as payment-related fraud grows our integration with FundingShield will deliver integrated and automated risk management solutions to address the evolving threats.”
“OptiFunder has created solutions that streamline many of the funding related tasks that Independent Mortgage Banks need to find efficiencies to be competitive. Their and our tools are designed to bring technology into the hands of decision makers to attack the dual high priorities of risk management and process improvement via automation.”
Our Take:
The integration of FundingShield’s fraud prevention capabilities with OptiFunder’s WMS and Greyhound systems represents a strategic move to address growing security and efficiency demands in the mortgage industry. By combining real-time verification and compliance tools with warehouse lending automation, this partnership not only advances fraud defense but also streamlines processes for independent mortgage banks and warehouse lenders.