US Mount Olympus Mortgage Company 2014 Misuse (Q16531)
From Open Risk Data
A data breach risk event
| Language | Label | Description | Also known as |
|---|---|---|---|
| English |
US Mount Olympus Mortgage Company 2014 Misuse
|
A data breach risk event
|
Statements
F9C3A0BC-1161-4266-9826-BB27E6DB12F5
January 2014
0 references
A California jury ordered Guaranteed Rate to pay more than $25 million in damages to a fellow mortgage lender, Mount Olympus Mortgage Company, stemming from accusations that a former employee of Mount Olympus Mortgage stole client information and loan files and took them with him when he went to work at Guaranteed Rate. According to the lawyers representing Mount Olympus Mortgage, which does business as TRU Mortgage, one of Mount Olympus Mortgages former licensed loan officers, Benjamin Anderson, worked with several other former employees to illegally transfer hundreds of private consumer loan files from Mount Olympus Mortgages computer systems to Guaranteed Rate. In total, Anderson allegedly stole early 200 active loan files, as well as the confidential information of approximately 900 M (English)
