Mortgage Lender

1. Financial Fraud Can Be Nipped In The Bud

2. Introduction The modern world is inundated with frauds of all kinds. Though wrongdoing and fraud are nothing new and have plagued human existence since times immemorial. Fraud implies improper payments, money laundering, hacking by compromising cyber security. The digitization has led to numerous benefits but has lent wings to crooks. The fraudsters can find loopholes in the system and can invent ways to make a dent financially through electronic means. There can be frauds at a personal level, but the ones committed at organizations and especially financial institutions like banks and mortgage lender companies can deliver a heavy blow and result into huge losses.

3. Though organizations take steps to prevent fraud, but the sheer systematic and clever approaches of financial fraudsters require sterner and more foolproof approach. The companies make the business rules but it still leaves a number of loopholes which creates escape routes for the criminal and the fraud goes undetected. But the newer technology also provides ways to tackle the menace of financial fraud that can lessen the risk and enable Title Insurance Underwriters Fraud Prevention in mortgage companies and financial institutions. Funding Shield is a name to reckon with providing unmatched trusted services of risk management, fraud prevention and regulatory compliance technology solutions. Its highly-admired services allow lenders, investors, homebuyers and title companies to confirm wired funds are going to the intended recipients and transactions are noit subjected to cyber fraud, phishing, business email compromise, title or wire fraud.

4. Steps to improve financial security

5. Steps to improve financial security • Account Level Check - Observe customer's behavior to know what is unusual for that account holder. It is useful to keep track of typical behavior like logins, when they happen can go a long way in preventing frauds. • Create Unique Account User IDs - Making sure the users have different log-in identification and not letting them use the same user name and password again and again also helps. Anyone who accesses data, there should be a mandatory separate log-in. • Dual Control – Providing dual control in terms of two unique users approving transactions helps in reducing the chances of criminals stealing also stops the threat of internal fraud.

6. FundingShieldoffers impeccable and reliable services to efficiently to protect your organization.

7. Thankyou…