Tag Archives: Cyberattack

Mr. Cooper adds to leadership team with eye on technology

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Sridhar Sharma, who’s credited with developing Mr. Cooper’s patented AI, has been promoted to a new role, and three new tech leaders are joining from other companies. Continue reading →

Mortgage brokers warned of warehouse lending scammers

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Victims have been cheated out of hundreds of thousands of dollars overnight, with imposters also gaining access to borrowers’ sensitive personal information. Continue reading →

LoanDepot boosts revenue, sells servicing to restructure debt

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Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading →

January cyberattack a $37M weight on loanDepot Q1 2024 results

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In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading →

LoanDepot hackers had access to Social Security numbers, DOBs

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The lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9 million consumers affected by the January cyberattack. Continue reading →

Ransomware group claims it was behind loanDepot cyberattack

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The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group. Continue reading →

LoanDepot is latest real estate company to be targeted by hackers

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Mortgage lender says an unauthorized party accessed its systems and encrypted some of its data, a tactic employed by ransomware groups to target more than 1,000 companies and organizations. Continue reading →

Title insurer First American and many subsidiaries remain offline

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The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline. Continue reading →

First American Financial warns clients to watch out for fake emails

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Two days after being hit by a cyberattack, the title insurance giant says it’s still trying to restore operations and warns clients that it’s taken its email system offline. Continue reading →