It is expected to be announced today that a former LendingTree employee was caught in a elaborate lead selling scheme. This has not yet been verified by LendingTree, but was brought to my attention by a number strong and reliable sources. An ex-lendingtree employee, possibly partnered with a current LendingTree employee, accessed LendingTree’s database of live consumer data and sold the data to a mortgage companies.
Apparently, because social security numbers were included in the stolen data the FBI has been very closely involved. This is a major breach of security for the trusted lead generator.
How many times did this ex-employee sell the data? How many current employees were involved on the inside? How many mortgage companies knowingly or unknowingly bought this data? These are all unknown questions but hopefully be answered today. – From the Mortgage Wire
