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

A jury awarded Mount Olympus Mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate. Anderson and another former Mount Olympus originator who now works for Guaranteed Rate, Brian Decker, were accused of stealing loan files, borrower information and other proprietary data from the Irvine, Calif.

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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

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.

FHFA extends FHLB membership proposed rule comment period Following pressure from industry trade groups, including the Mortgage Bankers Association (MBA), the Federal Housing Finance Agency (FHFA) has extended the comment period for its proposed rule on Federal Home Loan Bank (FHLB) membership by 60 days. The comment period was previously set to close on Nov. 12; however, it will now close on Jan. [.]

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Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft – 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. Fha Back To Work Lenders How Does the fha pre-approval process work

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