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July 11, 2019

FormFree partners with FundingShield to deliver enhanced wire fraud protection to FormFree’s network of more than 1,000 mortgage lenders

FormFree® today announced that it has entered into a strategic alliance with FundingShield, a fintech firm that safeguards homebuyers, mortgage lenders and title insurance underwriters from wire fraud.

FundingShield’s loan-level verification services assure closing funds transferred at the end of a mortgage loan transaction go to verified bank accounts belonging to authorized recipients. FormFree will integrate FundingShield’s Wire Account Verification Service (WAVS) into its Passport® all-in-one verification solution as a value-added service available to more than 1,000 mortgage lenders and their customers, including those who use Passport through one of FormFree’s more than 100 integrations and reseller partnerships.

Read more here.