HomeTrust Mortgage disclosed customers' names, addresses and Social Security numbers may have been compromised in the incident.

Problems with the closing protection letter are the predominant cause of those errors, a FundingShield report determined.

One man had paid bribes and kickbacks for improper sales of foreclosure properties, and another had engaged in ownership and wire fraud in a loan relief scheme, the courts determined.

Plaintiffs in two similar class action complaints accuse the companies of failing to protect their Social Security numbers and loan information.

The document automation company Ocrolus recently launched a new version of its fraud detection platform. Here's how it works and what other services lenders should consider.

But the shift to a purchase market means issues around employment and income verification should concern originators.

The businesses, like other victims of such incidents, have not identified the culprit nor type of attack.

The companies are the latest mortgage businesses to face class action complaints from consumers impacted by the cyberattacks.

The lender gave a $1.3 million mortgage refinance loan to a borrower based off overstated, fraudulent debt, prosecutors said.

Cybersecurity expenses and threats

A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.

Borrowers condemned the company's disclosures, which came six months after the incident and omitted details about the hack and subsequent investigation.

The federal class action lawsuit is at least the third similar action within the industry over a cyberattack revelation.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

The new product is an extension of its FraudGuard offering for the first lien mortgage market.

The data breach, which occurred over a two-day period last December, is the largest disclosure by a mortgage lender this year.

The Minnesota woman altered documents and failed to file documents as promised in cheating multiple investors between 2018 and 2020.

In response to a raft of recent data breaches, mortgage lenders are implementing a number of measures to protect their clients and themselves.

The rate was 30 basis points higher compared with 2019 due to the record level of mortgage origination during the pandemic, according to Aces Quality Management.