From BE100 Member Robyn Rosenbach:
The Equifax Breach - How Will it Affect My Mortgage Rate?
Big news this week was the theft of 143 million consumers' personal data from national credit bureau Equifax. I encourage you to review the following article from the Washington Post as it details some potential disruptive consequences to the home buying mortgage process for all lenders across the country.
Click here for the full article.
A few key excerpts:
The odds are that some of your sensitive information was stolen — possibly your address, Social Security number, driver’s license and credit card numbers.
Roughly two-thirds of consumers are potentially at risk from the breach
Cyber thieves [can use the combination of data to] “create a more credible fake ID” [to fool lenders]
Advise consumers to “lock down your files” with fraud alerts or credit-file freezes
Several helpful links additional links:
consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do
consumer.ftc.gov/features/feature-0014-identity-theft
Check your three credit reports free at annualcreditreport.com and see whether anyone has been tampering with your accounts
| ABout Robyn Rosenbach:
Mortgage Capital Partners, Inc Our team is committed to providing our clients with the highest quality financial services combined with the lowest rates available in your area. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs. Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate no matter what your needs are. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Unlike many of the larger nationwide mortgage companies that are out there, all your information will be kept secure and private. Our name that is trusted throughout the community. To speak directly with an experienced mortgage professional simply give us a call anytime or feel free to utilize any of the interactive tools offered throughout the site. We look forward to working with you. |
