FormFree has joined forces with FundingShield, a fintech company that offers services to protect mortgage lenders from wire fraud, to secure its customers’ financial information.
The company said it would integrate FundingShield’s wire account verification service (WAVS) into its verification product, Passport. FundingShield’s loan-level verification services assure that the closing funds of a mortgage transaction end up in the recipients’ verified bank accounts.
This is an excerpt. Read the full story in Mortgage Professional America.
