FundingShield has formed a strategic partnership with SitusAMC to address the increasing challenges of wire and title fraud that have been affecting financial institutions. This collaboration leverages FundingShield’s extensive service provider data, offering clients using SitusAMC’s warehouse lending platforms, ProMerit and WLS, direct access to FundingShield’s risk mitigation and cost-saving solutions through API and data integration. This empowers them to ensure data integrity, verify bank accounts, and maintain counterparty compliance.
SitusAMC is keenly aware of the rising threat of wire fraud, making wire fraud prevention a top priority for its clients. By integrating FundingShield’s solutions into SitusAMC’s warehouse lending technology, businesses can access risk management tools to address these concerns.
ProMerit and WLS are leading warehouse lending technologies, streamlining lending operations and enabling efficient management, tracking, funding, and repayments. These platforms seamlessly integrate with LOSs and third-party systems, automating tasks and providing reports. SaaS-enabled ProMerit offers enhanced security and automatic updates.
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