Lawyers for the plaintiff maintain the companies should have been on notice of inadequate security measures after a reported data breach in 2022.

To make amends to former and current borrowers, Mr. Cooper is footing the bill for two years of complimentary identity protection services.

Members of the Financial Stability Oversight Council Thursday warned of increasing financial risks posed by artificial intelligence in its annual report, noting AI's potential to amplify cyber threats, induce herd behavior and even compromise bank safety and soundness.

Hear what your peers are thinking and doing as the new year approaches paired with thoughtful analysis by your National Mortgage News team.

Properties listed will pop up in the "nearby" tab of the app and customers can choose to navigate to the house of their choice.

The Department of Housing and Urban Development proposal, which would modernize client meetings necessary for some mortgages, is similar to an FHA move.

The company, Truv, plans to compete with existing players by offering digital employment data in a new way, according to CEO Kirill Klokov.

Leaders at the helms of organizations like Georgia United Credit Union, BayPort Credit Union, Blend Labs and more are adapting products such as "soft check" credit scoring, artificial intelligence-powered bots to streamline application reviewal and more.

An increase in paper mail theft corresponds with a rise in physically altered checks that redirect funds to fraudsters.

The AI-powered feature allows consumers to change the appearance of walls, floors and countertops in home photos displayed on the brokerage's website.

Procedural limits on condo originations aimed at preventing issues like the Surfside building collapse have frustrated lenders, who will see if this helps.

In 2019, the vendor accused the California-based originations and servicing shop of copying its mortgage processing system.

Sergey Dyakin, CIO of Celink, outlines the nuances of implementing new technology in the HECM servicing business

Anne Marie Pippin, associate director in the Federal Housing Finance Agency's Office of Financial Technology, weighs the forces shaping the industry's future.

During a second day of comparatively mild questioning from lawmakers in semiannual oversight hearings, Consumer Financial Protection Bureau Director Rohit Chopra said artificial intelligence could exacerbate existing weaknesses in the financial system without tighter protections.

Kenon Chen, executive vice president, strategy and growth, at Clear Capital, discusses data sourcing that can best serve the mortgage and underwriting process and how it can be done in an ethical way to achieve maximum benefit.

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

To date, all of the lawsuits accuse the servicer of failing to secure and safeguard customers personal identifiable information.