On October 19, 2023, PennyMac Loan Services LLC filed a notice of data breach with the Attorney General of Texas after discovering that unauthorized actors were able to access information that had been entrusted to the company. In this notice, PennyMac explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, addresses, Social Security numbers and financial account information. Upon completing its investigation, PennyMac began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.

If you receive a data breach notification from PennyMac Loan Services LLC, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the PennyMac Loan Services data breach. For more information, please see our recent piece on the topic here.

What Caused the Data Breach Affecting PennyMac Loan Services?

The PennyMac Loan Services data breach was only recently announced, and more information is expected in the near future. Until then, PennyMac’s filing with the Attorney General of Texas provides limited information on what led up to the breach. According to this source, the incident involved an unauthorized party being able to access certain files that contained information consumers had provided to PennyMac. However, it cannot be confirmed whether hackers targeted PennyMac’s system, and it may be that the hackers orchestrated the attack against a PennyMac vendor that had been provided the information by PennyMac.

Regardless, after learning that sensitive consumer data was accessible to an unauthorized party, PennyMac Loan Services reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, address, Social Security number and financial account information.

On October 19, 2023, PennyMac Loan Services sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised. According to the Texas Attorney General, these notices went out in the mail to all 1,788 Texas victims of the PennyMac data breach. Of course, there are likely additional victims throughout the country.

More Information About PennyMac Loan Services LLC

Founded in 2008, PennyMac Loan Services LLC is a financial services company based out of Moorpark, California. PennyMac’s primary business is in the origination and servicing of residential mortgages. PennyMac operates 16 sales offices across the United States, including in Florida, Texas, Tennessee, California, Nevada, Hawaii, and Arizona. PennyMac Loan Services employs more than 6,000 people and generates approximately $2.8 billion in annual revenue.