LoanDepot Hit by Major Cyberattack

Company's loan processing and phone service disrupted, extent of data breach still under assessment

LoanDepot, the U.S. retail mortgage lender, is struggling to recover from a cyberattack that impacted its loan processing and phone service.
The company reported that data was encrypted by an unauthorized third party who breached their systems, leading to certain systems being shut down to contain the incident.
LoanDepot has contacted law enforcement and is currently assessing how the attack might affect its financial performance.
The company has not confirmed whether any corporate or customer data was stolen during the breach.
Despite the cyberattack, LoanDepot assured customers that recurring automatic payments were being processed and that they could make payments by phone.