DirecFunds Expands Board of Directors

September 26, 2022

Digital payment solution provider DirecFunds has named real estate services veteran Ed McDonnell to its board of directors.

DirecFunds is the developer of an electronic payment system designed to help prevent wire fraud in business transactions. The technology serves multiple industries, including mortgage, real estate and settlement services.

McDonnell is the CEO and founder of Columbia, South Carolina-based McDonnell and Associates, a multi-state general practice law firm with an emphasis on real estate law, title development and settlement services. He is also the owner/president of real estate-focused businesses ProcessFast and Boomerang Title. He has served the financial services industry for over 20 years, with much of that experience focused on the closing and settlement phase of the mortgage transaction.

“Cyber criminals have found the real estate industry to be an easy and rewarding target in recent years, which has resulted in the loss of millions of dollars,” McDonnell said. “DirecFunds has developed a solution that will dramatically improve the way real estate, mortgage and title businesses protect themselves, clients, buyers and sellers from fraud risks, and it’s a privilege to be a part of that process.”

Contact ALTA at 202-296-3671 or communications@alta.org.