A United Wholesale Mortgage customer is implicating the top lender in a data breach.
Michigan resident Ricky LaFountain sued
New Jersey-based Mercadien last November disclosed that it
LaFountain claims UWM retained Mercadien for advisory and tax services, and that the vendor processed the lender's customers' PII. While the lawsuit also mentions Mercadien as offering merger and acquisition advisory services, the cybersecurity incident occurred before UWM's
The filing doesn't say how LaFountain or his attorneys determined UWM's relationship with Mercadien, and the lender has not disclosed doing business with Mercadien in any public filings.
Neither attorneys for LaFountain nor spokespersons for Mercadien and UWM responded to requests for comment Thursday morning.
The lawsuit, like many other breach complaints, blames UWM for a lack of security safeguards, and for failing to notify customers affected by the Mercadien incident.
More data breach lawsuits
The complaint is a rare, if not first data breach lawsuit against the wholesale leader, as
Some lenders are also wrapping up data breach cases well before they've reached class certification stages. SitusAMC quickly reached a