Fannie Mae, the Federal Housing Finance Agency (FHFA), and Palantir Technologies have launched a joint initiative aimed at reducing mortgage fraud throughout the homebuying process. Led by FHFA Director Bill Pulte and supported by Fannie Mae CEO Priscilla Almodovar and Palantir CEO Alex Karp, this collaboration seeks to improve security and transparency in housing finance. Backed by a policy effort initiated under President Donald J. Trump, the initiative brings together public and private stakeholders to strengthen fraud detection and protect both consumers and lenders in the mortgage ecosystem.
Ike Suri, Chairman and CEO of FundingShield, highlighted, “Our embedded, real-time technology doesn’t just identify fraud—it remediates it, helping transactions close securely and efficiently so homebuyers and lenders can move forward with confidence.” With over $4 trillion in closings safeguarded, the company provides real-time fraud prevention tools that are integrated with industry platforms such as ICE Mortgage Technology, Mastercard, and Tata Consultancy Services. FundingShield’s use of live verified data, automation, and machine learning helps prevent fraud at all stages of the mortgage process—from application to post-closing. The collaboration between regulatory bodies and technology providers signals a broader commitment to enhancing data security, reducing financial risk, and supporting safe, verified mortgage transactions across the housing finance system.