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

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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. In response to these charges the jury.

Mortgage lender wins $23 mln jury verdict for computer file theft.. based Guaranteed Rate. In its complaint, Mount Olympus claimed one of its former employees, mortgage banker Benjamin Anderson.

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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.

add that the loan officer associated with the Olympus mortgage co. has left the company: "In March 2016, Guaranteed Rate and one of its loan officers was found guilty in California of diverting loans from Mount Olympus Mortgage, and ordered to pay $25 million in damages to the Irvine-based company.

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Mount Olympus Mortgage Company, Irvine, California. 72 likes. Mortgage Banking Company providing Mortgage Loans for Residential Properties.

Valuable Information Security Lessons from the Olympus Mortgage vs. Guaranteed Rate Case.. In response to these charges the jury ordered Guaranteed to pay more than $25 million in damages to MOMC.

The mortgage delinquency rate declined for the eighth. Fewer people filing for unemployment Guaranteed Rate ordered to pay $25M to Mount Olympus Mortgage for data theft Servicers Make 116,000 HAMP Trials Permanent Common Mortgage Servicer Violations in Loan Modifications.. Sometimes servicers make a mistake when calculating the NPV.

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.