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Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft

VALUABLE INFORMATION SECURITY LESSONS FROM THE OLYMPUS MORTGAGE VS. GUARANTEED RATE CASE April 11, 2016 Late last month a jury awarded Mount Olympus mortgage company (momc) more than $25 million for their claims against Guaranteed Rate (Guaranteed), which alleged Guaranteed along with other former

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Late last month a jury awarded Mount Olympus Mortgage Company (MOMC) more than $25 million for their claims against Guaranteed Rate (Guaranteed), which alleged Guaranteed along with other former employees of MOMC illegally transferred hundreds of loan files from MOMC’s internal systems to Guaranteed. While the award rightfully highlights some.

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 · Guaranteed Rate Loses Lawsuit Alleging – Mortgage Daily. Mortgagedaily.com A jury has hit Guaranteed Rate Inc. with a more than $25 million judgment over allegations one of its employees stole data on hundreds of clients from a rival. Back in early 2014 Benjamin Anderson was employed as a loan originator for Mount Olympus Mortgage.

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A California state jury on Tuesday awarded $25.1 million in damages to Mount Olympus Mortgage Co., finding rival mortgage lender guaranteed Rate Inc. liable for illegally transferring hundreds of.

 · Mount Olympus discovered the data theft about five weeks later, at which point many of the loans were already in process at Guaranteed Rate. Hummel said.

Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft – and against both Guaranteed Rate and Anderson for violations of California Penal Code Section 502(c), which covers the unlawful theft of computer data, as well as conversion and misappropriation of.. Single Family Housing Guaranteed Loan Program | USDA Rural. – program status: open program factsheet: PDF.

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Guaranteed Rate Loses Lawsuit Alleging – Mortgage Daily. Mortgagedaily.com A jury has hit Guaranteed Rate Inc. with a more than $25 million judgment over allegations one of its employees stole data on hundreds of clients from a rival. Back in early 2014 Benjamin Anderson was employed as a loan originator for Mount Olympus Mortgage.

 · Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft Loan officer accused of stealing loan files, taking them to new employer March 24, 2016

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