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

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American Lawyer Media’s Litigation Daily featured Manatt’s trial victory on behalf of Orange County-based Mount Olympus Mortgage Co. (MOMCo), for which the firm helped secure a $25.1 million verdict in a suit against Guaranteed Rate, Inc., the second-largest private mortgage bank in the country, and a former MOMCo employee.

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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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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. and misappropriation of the confidential loan files. According to Chad Hummel of Sidley Austin, which represented Mount.

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Find out how mortgage rates look in different states and whether it makes sense for you to refinance or purchase in today’s market. 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. He is a graduate of.