Wire Funding

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FundingShield Preventing Fraud In Financial And
Mortgage Transaction Has Never Been Easier
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• Research shows that in general an organization
  loses a significant part of its annual revenue
  each year due to fraud. Prevention and detection
  can go a long way in reducing this loss. There
  ought to be a plan in every organization to
  prevent fraud so that recovering your losses
  after a fraud is easier.
• There are frauds of many forms but they mainly
  fall into three categories asset
  misappropriation, corruption, and financial
  statement fraud. Asset misappropriation do not
  prove that costly, but they make a whopping 90
  of all fraud cases committed.
• FundingShield provides protection and lays out
  foolproof plans for mortgage and title fraud
  prevention. This allows lenders, investors,
  homebuyers and title companies to confirm wire
  funding is going to intended recipients and
  transactions are free of impact from cyber fraud,
  phishing, business email compromise, or title
  fraud.

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Tips for Fraud Prevention

• Every organization, be it large or small,
  ought to have a fraud prevention plan in place.
  Studies of fraud cases reveal that fraudulent
  activities can last for months before being
  detected. Just imagine the loss your organization
  would suffer if such acts go undetected for long.
  Luckily, you can minimize the fraud occurrences
  by implementing different procedures and
  controls. Lets have a look at some of those
  tips
• Verbal ConfirmationMake sure you verbally
  confirm that the request to initiate the wire is
  from an authorized person within the company.
• Verify ChangesWhenever you receive new wire
  instructions or a change to existing wire
  instructions, go out of your way to verbally
  verify with your wire transfer vendor.

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• Investigate Unique RequestsIf you have received
  a request for a payment that seems suspicious or
  is out of your ordinary payment arrangement,
  confirm by phone with your vendor.
• Double Check Email AddressesIt is wise to double
  check your email address time and again or
  whenever you feel a suspicious transaction can be
  initiated. Slightly modifying the email address
  is a common trick.
• FWD Instead of ReplyIt is always best to forward
  the email to the address that you have on file
  instead of replying to it.

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• Be AlertYou ought to be on your guard all the
  time and be alert for fraud anytime the wire
  transfer instructions include tight deadlines or
  pressure you to act quickly.
• FundingShield offers the best defenses
  against wire fraud and title insurance in the
  form of rock-solid fraud prevention solutions to
  monitor and actively thwart fraudulent activities
  effectively and diligently.