The Residential Specialist

AUGUST 31, 2021

Unfortunately, not all of these tools and technologies are as safe as we need them to be, and agents need to be more cognizant than ever of protecting the data that their clients entrust them with daily. REALTORS® are particularly susceptible to data breaches—and like many small business owners, they can underestimate their cyber risk.

Brokerage 52

Brokerage Technology Agents Design 52

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. Meanwhile, according to the same data sources, CCBank has only 10 licensed LOs and originated only $7.5

Mortgages 406

Mortgages Loan Officer Banks Equity 406

Housing Wire

DECEMBER 26, 2023

Mortgage subservicer Loancare informed authorities that the data of about 1.3 This data includes customers’ social security numbers. However, the company became the target of a class action lawsuit alleging that they were negligent with customer data and that they breached their contract.

Title 497

Title Mortgages Loans Technology 497

Housing Wire

JANUARY 4, 2024

Los Angeles-based rental management software provider RentSpree successfully passed an audit regarding its data protection strategy, obtaining the System and Organization Controls (SOC) 2 Type II compliance. SOC 2 is regarded as the premier data security standard for Software as a Service (SaaS) providers. million.

Title 407

Title Land Banks Industrial 407

Housing Wire

JANUARY 11, 2024

CoreLogic has debuted a new security solution for multiple listing services designed to reduce the risk of cybersecurity threats. Called Clareity Assure, the new, upgraded security platform is available to any MLS concerned about vulnerabilities in its listing data. on average across all industries. million.

MLS 386

MLS Title Banks Industrial 386

Housing Wire

JANUARY 31, 2024

There has absolutely been an increase in cyber security incidents,” said Alex Hamlin, the chief information security officer at Qualia , a digital real estate closing platform. “I The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Title 431

Title Mortgages Industrial Closing 431

Housing Wire

OCTOBER 11, 2023

So far in 2023, 24 billion-dollar natural disasters have struck the United States, according to data from the National Centers for Environmental Information at the National Atmospheric and Oceanic Administration (NOAA). For instance, CoreLogic provides housing professionals with portfolio studies that have a special focus on climate risk.

Principal 439

Principal Loans Investor Industrial 439

Housing Wire

FEBRUARY 28, 2024

4, the company’s information security team “received notification that an unauthorized user had successfully accessed a third-party system utilized by Fairway,” Bryan Ramsey, vice president of information security incident response at Fairway, wrote in a letter sent on Feb. Top 10 U.S. mortgage lender Fairway Independent Mortgage Corp.

Mortgages 377

Mortgages Banks Development Industrial 377

Housing Wire

MARCH 4, 2024

Three Bayview Asset Management -owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. 28 in federal court, represents the latest development in an ongoing lawsuit involving a data breach.

Mortgages 391

Mortgages Loans Development Technology 391

Housing Wire

FEBRUARY 1, 2024

Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard , to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. UD: We start with data because ultimately, data is the foundation for everything else.

Technology 387

Technology Industrial Banks Agents 387

Housing Wire

APRIL 10, 2024

The cyber landscape is threatened by a multitude of malicious actors who have the tools to conduct large-scale fraud schemes, hold our money and data for ransom, and endanger our national security,” Timothy Langan, the executive assistant director for the FBI, said in a statement. However, it was not all bad news.

Title 409

Title Land Banks Industrial 409

Housing Wire

OCTOBER 27, 2023

Nonbank financial institutions, including mortgage brokers , motor vehicle dealers and payday lenders , must report certain data breaches and other security events to the Federal Trade Commission (FTC). The FTC received 14 comments from industry groups, consumer advocates and individual consumers, among others.

Mortgages 376

Mortgages Industrial As-is Finance 376

Housing Wire

APRIL 26, 2024

The survey also shows that workers and retirees are confident that government programs such as Social Security and Medicare will provide benefits of equal value to today and believe they understand the Social Security program.” Bureau of Labor Statistics data indicates that wage growth is outpacing inflation.

Finance 402

Finance As-is 402

Housing Wire

DECEMBER 29, 2023

” Though details about the hack — which has delayed closings across the country — remain sparse, a filing was made with the Securities and Exchange Commission on Friday for the first time disclosing data theft. “As of the date of this filing, the Company believes it has contained the incident.

Title 449

Title Banks Closing Technology 449

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This ensures their bundle retains its credit rating and market value.

Technology 418

Technology Mortgages Loans Investor 418

Housing Wire

JANUARY 8, 2024

It has also begun notifying regulators after it identified an incident that has affected company systems and the encryption of data. In October, Mr.Cooper exposed data of nearly 15 million current and former clients in an incident, which resulted in at least four class action suits. ”

Mortgages 516

Mortgages Title Technology Industrial 516

Housing Wire

FEBRUARY 22, 2024

parent of servicer LoanCare, have temporarily shut down their systems to contain cyberattacks that exposed their customers’ data. But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. Cooper Group , loanDepot , First American and Fidelity National Financial Inc.

Industrial 426

Industrial Mortgages Investor Technology 426

Housing Wire

JANUARY 4, 2024

First American has fallen victim to data theft after a perpetrator exfiltrated data and encrypted data on certain non-production systems in late December. The company added: “ First American Trust is online and operational and is fully able to securely send and receive wires.”

Title 400

Title Development Loans Agents 400

Housing Wire

MAY 6, 2024

In a document filed with the Securities and Exchange Commission (SEC) on Monday, the brokerage announced that it had reached a nationwide settlement agreement on Friday with the plaintiffs in the consolidated Gibson and Umpa commission lawsuits. As part of the settlement agreement, Redfin has agreed to pay $9.25

Brokerage 437

Brokerage Agents As-is 437

Housing Wire

JANUARY 12, 2024

The Securing a Strong Retirement Act of 2022, known by its moniker “SECURE 2.0,” includes provisions including automatic enrollment of more workers into retirement savings plans, matching certain student loan payments in a 401(k) plan and tweaks to required minimum distributions (RMDs) in existing retirement plans.

Finance 396

Finance Loans 396

Housing Wire

FEBRUARY 27, 2024

loanDepot will offer credit monitoring and identity protection services at no cost to them, per filings with the Securities and Exchange Commission (SEC). Still, they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. On Tuesday morning, the top 15 U.S.

Mortgages 443

Mortgages Industrial Marketing Technology 443

Housing Wire

MARCH 18, 2024

Nevada-headquartered wholesale lender Nations Direct Mortgage revealed that an unauthorized third party obtained access to the data of more than 83,000 customers on or about Dec. The wholesale lender notified impacted individuals of the data breach at the end of February. Nations Direct Mortgage had production origination volume of $1.4

Mortgages 432

Mortgages Technology Loans Industrial 432

Housing Wire

DECEMBER 21, 2023

Additionally, this is the second major cyber security incident to hit the title industry in less than a month. On Tuesday , Teneika Tillis, a Loancare servicing client, filed a class action lawsuit against Fidelity and its subsidiary mortgage subservicer Loancare alleging that they were negligent with customer data.

Title 527

Title Industrial Closing As-is 527

Housing Wire

NOVEMBER 28, 2023

In addition to paying $1 million to New York state of violating the DFS’s Cybersecurity Regulation, First American has also agreed to implements remedial measures to better secure its consumers’ data. “First American remains committed to supporting our customers in the secure and efficient transfer of real estate in New York.”

Title 381

Title Industrial 381

Housing Wire

NOVEMBER 30, 2023

In an updated filing with the Securities and Exchange Commission on Thursday, Fidelity disclosed the company became aware of a cybersecurity incident that impacted some of its systems on Sunday Nov. Fidelity did not respond to requests for comments on information about the ongoing investigations and potential compromise of customer data.

Title 422

Title Technology Mortgages Industrial 422

Housing Wire

MARCH 18, 2024

As part of our overall mission to digitize the housing continuum, ICE is marrying technological innovation with our vast data assets to bring transparency and accuracy to a complex, often confusing market.” Consumers will supplement their requests with pictures of the property.

Technology 392

Technology Inspection Investor Mortgages 392

Housing Wire

OCTOBER 16, 2023

Bias, discrimination, privacy and security concerns related to consumer information are some of the biggest risks in implementing generative AI, noted Brian Stucky, lead at Rocket Ethical AI at Rocket Mortgage. “We still do not have AI-specific regulation (…) We have to operate under the Fair Lending Act. Millon said.

Due diligence 429

Due diligence Lending Technology Mortgages 429

Housing Wire

FEBRUARY 1, 2024

Stavvy is a truly comprehensive digital closing platform, the only solution to offer a SMART Doc engine that extends the savings, efficiency and security of eNotes to all mortgage documents for all loan programs and across all 50 states while supporting every type of eClosing and eNotarization.

Closing 284

Closing Technology Industrial Loans 284

Housing Wire

JULY 21, 2023

million class action lawsuit to resolve claims surrounding a 2020 data breach. The company, which has more than 800 employees and operates in 35 states, is accused of negligence for failing to protect its internal systems, leading to a data breach in November 2020. The news was first reported by legal website Top Class Action.

Loans 347

Loans Technology Lending Banks 347

Housing Wire

APRIL 11, 2024

By buying into Figure’s technology platform, lenders can “originate, pledge, and sell loans with DART’s monitoring service,” which is designed to facilitate the “progression of asset transfers within a secure technology infrastructure,” the company said.

Lending 327

Lending Technology Equity Loans 327

Housing Wire

NOVEMBER 3, 2023

Cooper became the target of a cyber security incident and took immediate steps to lock down our systems in order to keep your data safe. Securities and Exchange Commission (SEC) states that the company experienced a cybersecurity incident where an “unauthorized third party gained access to certain technology systems.”

Technology 458

Technology Finance Mortgages Industrial 458

Housing Wire

FEBRUARY 13, 2024

The deal, in addition to existing agreements with the Realty Alliance and the National Association of Realtors , brings ICE’s MLS data coverage to more than 90% of active listings across the country. Working with ICE in this way will help us to build on our vision and deliver better real estate data to those who need it.”

MLS 393

MLS Technology Mortgages Residential 393

Housing Wire

FEBRUARY 20, 2024

The collaboration is designed to allow all of Baird & Warner’s 2,000-plus agents to benefit from RealReports’s wide-ranging property data. RealReports provides property data , spanning from climate risk to property valuation, for every home in the U.S. by drawing from more than 30 data providers.

Brokerage 394

Brokerage Agents Design Industrial 394

Housing Wire

MAY 8, 2024

The incident could raise questions about the safeguarding of data, as well as the procedures and protocols in place, to purge data from terminated accounts. The FTC regulates antitrust concerns and also monitors companies for data privacy and security breaches.

Loan Officer 329

Loan Officer Technology Branding Mortgages 329

Housing Wire

APRIL 24, 2024

About 90% of millionaires have built their fortunes in great part through the ownership and management of real estate, according to industry data. apartment rental segment was expected to reach about $251 billion, according to data by Statista. Census data, serving around 44.1 In 2023, the total U.S. according to U.S.

Marketing 448

Marketing Investor Technology Industrial 448

Housing Wire

JANUARY 9, 2024

Ohio-based mortgage lender CrossCountry Mortgage has adopted the updated credit scoring model FICO Score 10 T to support origination of non-conforming loans and issue mortgage-backed securities (MBS), the company announced on Tuesday. a competing model incorporating trended credit bureau data.

Loans 442

Loans Investor Mortgages Lending 442

Housing Wire

FEBRUARY 5, 2024

Proptech company RealReports , formerly known as BHR , has successfully secured $2 million in seed funding. RealReports is a real estate platform that gathers property data , ranging from climate risk to valuation, in one place. TTV Capital , Moderne Ventures , Erez Capital and other venture capital firms led the round of investment.

MLS 402

MLS Brokerage Investor Development 402