FundingShield Q1 2025 Wire Fraud Risk Report Showing Nearly Half of Transactions at Risk
During Q1 2025 46.8% percent of transactions on a ~$80bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.5 issues per loan which is a new record, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues. Q1 2025 saw record-high risk levels for CPL validation related errors
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