First American, a prominent player in the mortgage industry, experienced a significant setback recently as sources revealed that the company fell victim to a cyberattack. The hacking incident occurred on Wednesday, paralyzing several of the organization’s systems and crippling its operations. As a result, agents and lenders faced challenges in successfully completing closings, with reports of a number of delays surfacing on Thursday.
– First American, a major player in the mortgage industry, suffered a cyberattack on Wednesday.
– The hacking incident caused disruptions to the company’s systems and operations.
– Agents and lenders witnessed delays in completing closings as a consequence of the attack.
You can read this full article at: https://www.housingwire.com/articles/first-american-is-the-latest-cybersecurity-attack-victim/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.