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Maryland settles with ACI Worldwide for unauthorized mortgage transactions from customer accounts

Posted on by Chris Montcalmo

BALTIMORE, MD—The Maryland Department of Labor along with 43 state agencies across the nation have announced a legal settlement with ACI Worldwide for erroneously initiating electronic transactions for mortgage loans serviced by Mr. Cooper (formerly known as Nationstar Mortgage, LLC) from the accounts of 480,000 consumers throughout the United States. “We want all Maryland businesses and residents to understand the […]

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Maryland announces settlement with Nationstar Mortgage A.K.A. Mr. Cooper

Posted on by Chris Montcalmo

BALTIMORE, MD—The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Monday announced that it had concluded a multi-year investigation of one of the nation’s top ten largest mortgage servicing companies, Nationstar Mortgage LLC, which does business as Mr. Cooper. After a nationwide investigation revealed multiple violations of law and procedural deficiencies, Nationstar has cooperated and agreed […]

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