Read details about the Pingora Loan Servicing Scam and the measures taken by Pingora to protect the information of its customers.
Have you heard any scam news related to the mortgage services? Pingora Asset Management LLC is majorly associated with mortgage services in the United States. Pingora is headed by expert industry veterans having more than sixty years of experience related to mortgage and asset management services.
Pingora is involved in acquiring and selling mortgage servicing rights; it needs to collect client information to prepare legal documents. Hence, Pingora also aimed at ensuring compliance with regulatory requirements. Let’s check more details below about Pingora Loan Servicing Scam.
Brief:
Pingora failed to protect information about its clients recently. Pingora came to know about a security breach in December 2021. Pingora mentioned that its customer information was accessed by an unauthorized person who did not belong to Pingora.
The exact date of the data breach is unclear as Pingora mentioned that customer information might have been compromised between 27th October 2021 and 7th December 2021. Notice letters about the customer’s information leak were signed by Ron Bendalin, a Chief Compliance Officer from Pingora Loan Servicing, LLC, and sent to the customers.
About Pingora Loan Servicing Llc notice:
The notice letter mentioned that the unauthorized person may have accessed personal information such as name, SSN, address, and financial information related to loan number, loan modification, and loan servicing details.
The letter informed that Pingora is offering services of a third-party identity monitoring agency – Kroll, free of cost for the next two years. The letter requested customers to enroll themself by visiting https://enroll.krollmonitoring.com within a given time frame.
Kroll provides Triple Bureau Credit Monitoring, where the customer will get an alert message from Equifax, Experian, and TransUnion if there are any changes to credit data related to customers Who Is Pingora Loan Servicing.
Kroll will also provide unlimited consultation with their fraud specialist on any matter related to identity monitoring. Kroll also offers the services of a licensed investigator in case of identity theft.
Suppose you find any unauthorized activities on your credit data, you need to report it to Attorney General’s office, Federal Trade Commission, local law enforcement authorities and file a police complaint. A copy of the police report must be sent to your creditors to correct your records.
You need to consider a credit freeze as any unauthorized attempt to access your credit due to Pingora Loan Servicing Data Breach Scam requires financial institutions to check your credit data. A credit freeze will curb any such attempt.
You also need to consider activating a fraud alert that notifies your creditors that you may be a victim of fraud. An initial fraud alert will stay on your credit report for one year.
Conclusion:
It needs to be understood that an unauthorized person gained customer information between 27th October 2021 and 7th December 2021. Therefore, we recommend you review any Credit data activities on Equifax, Experian, and TransUnion from that point in time. You can get one free credit data to report from these three agencies every twelve months.
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