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    Mortgage companies lack security

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    • RamblingBipedR
      RamblingBiped
      last edited by

      I previously worked for a credit union, and all of our financial documents were exchanged securely using what is now Citrix Sharefile. Whenever mortgage documents were needed we would have clients create temporary credentials and email them a link to securely upload their documents.

      Before Sharefile, I believe they had an SFTP server in place and/or did everything over fax (sigh...).

      Not all mortgage places do it wrong, just those that don't care about security and have yet to suffer because of their negligence.

      coliverC 1 Reply Last reply Reply Quote 0
      • coliverC
        coliver @RamblingBiped
        last edited by

        @RamblingBiped said:

        I previously worked for a credit union, and all of our financial documents were exchanged securely using what is now Citrix Sharefile. Whenever mortgage documents were needed we would have clients create temporary credentials and email them a link to securely upload their documents.

        Before Sharefile, I believe they had an SFTP server in place and/or did everything over fax (sigh...).

        Not all mortgage places do it wrong, just those that don't care about security and have yet to suffer because of their negligence.

        I've discovered that credit unions in our area are the most likely to do the right thing. When I was shopping for a mortgage our local credit unions both used Sharefile to move documents back and forth.

        1 Reply Last reply Reply Quote 2
        • art_of_shredA
          art_of_shred
          last edited by

          I'm sure the level of caring about doing things right is inversely proportionate to the size of the institution doing things.

          scottalanmillerS 1 Reply Last reply Reply Quote 0
          • scottalanmillerS
            scottalanmiller @art_of_shred
            last edited by

            @art_of_shred said:

            I'm sure the level of caring about doing things right is inversely proportionate to the size of the institution doing things.

            I would guess it has more to do with how much the government insulated institutions from accountability. In Europe banks are terrified of breaches because the government holds them accountable for exposing customer data. In the US they are shielded from this so have no accountability.

            art_of_shredA 1 Reply Last reply Reply Quote 1
            • art_of_shredA
              art_of_shred @scottalanmiller
              last edited by

              @scottalanmiller said:

              @art_of_shred said:

              I'm sure the level of caring about doing things right is inversely proportionate to the size of the institution doing things.

              I would guess it has more to do with how much the government insulated institutions from accountability. In Europe banks are terrified of breaches because the government holds them accountable for exposing customer data. In the US they are shielded from this so have no accountability.

              Yeah, I guess that can happen when politicians are puppets of the corporations. The whole money & power revolving door.

              1 Reply Last reply Reply Quote 0
              • J
                Jason Banned @coliver
                last edited by

                @coliver said:

                @dafyre said:

                The moment my mortgage company asks for that, is the moment I start looking for a new one.

                Mine required it over email, fax, or a certified mail. I have no idea why they didn't setup a secure file sharing system and when I complained they told me that all their other customers are doing it so to set it up for one customer wouldn't be cost effective.... They gave me an amazing rate so I guess it was worth the risk?

                I asked for a secure document upload portal as well. They said they've been doing this for years and "their network is very secure" and have never had an issue.

                1 Reply Last reply Reply Quote 1
                • DashrenderD
                  Dashrender
                  last edited by

                  According to Scott, this is safer than faxing that same information.

                  J 1 Reply Last reply Reply Quote 0
                  • J
                    Jason Banned @Dashrender
                    last edited by

                    @Dashrender said:

                    According to Scott, this is safer than faxing that same information.

                    Only in the fact that you can snoop on any PSTN line easily. Heck we have other companies lines inside of our building even a medical companies fax line, because they brought the whole trunk through our building into a Network Interface Panel with Hundreds of lines.

                    1 Reply Last reply Reply Quote 0
                    • J
                      Jason Banned
                      last edited by

                      So my question.. Is there a free PDF printer to make a pdf with a password and does my onedrive with office 365 have a good way to share with other people as a one time link or something?

                      art_of_shredA 1 Reply Last reply Reply Quote 0
                      • J
                        Jason Banned @dafyre
                        last edited by

                        @dafyre said:

                        You should publicly take them to task for that on Facebook. Arguably, a non-redacted version of your post may be beneficial.

                        Edit: Oh, you deleted it.

                        Yeah lol. They removed/disabled reviews on their facebook page.

                        1 Reply Last reply Reply Quote 0
                        • RamblingBipedR
                          RamblingBiped
                          last edited by

                          What about temporarily setting up your own SFTP server and giving them access to it?

                          DashrenderD 1 Reply Last reply Reply Quote 0
                          • art_of_shredA
                            art_of_shred @Jason
                            last edited by

                            @Jason said:

                            So my question.. Is there a free PDF printer to make a pdf with a password and does my onedrive with office 365 have a good way to share with other people as a one time link or something?

                            Something like CutePDFwriter?

                            1 Reply Last reply Reply Quote 0
                            • DashrenderD
                              Dashrender @RamblingBiped
                              last edited by

                              @RamblingBiped said:

                              What about temporarily setting up your own SFTP server and giving them access to it?

                              I hope you're kidding. The chances that the banker will have any clue how to download something from FTP unless a browser will connect to it are near zero.

                              RamblingBipedR 1 Reply Last reply Reply Quote 1
                              • coliverC
                                coliver
                                last edited by coliver

                                SSL encrypted OwnCloud link with a password?

                                J 1 Reply Last reply Reply Quote 2
                                • J
                                  Jason Banned @coliver
                                  last edited by

                                  @coliver said:

                                  HTTPS encrypted OwnCloud link with a password?

                                  Would be nice. I just used onedrive to share it. Whatever. My info has been stolen three times at this point not sure how much it matters anyway when no one cares on the back end at any of these places.

                                  1 Reply Last reply Reply Quote 0
                                  • RamblingBipedR
                                    RamblingBiped @Dashrender
                                    last edited by

                                    @Dashrender Meh... I've already got handholding documentation for SFTP. If they can't download Filezilla and configure it exactly as my screenshot shows I might reconsider giving them thousands upon thousands of dollars of my hard earned money. In most cases you can just forward the information to their IT department and let them do the handholding.

                                    J 1 Reply Last reply Reply Quote 1
                                    • coliverC
                                      coliver
                                      last edited by

                                      If they'd accept it you could use 7zip to make an archive with a password and all your important data. Then you could use one of those services to deploy it.

                                      J 1 Reply Last reply Reply Quote 0
                                      • J
                                        Jason Banned @RamblingBiped
                                        last edited by

                                        @RamblingBiped said:

                                        @Dashrender Meh... I've already got handholding documentation for SFTP. If they can't download Filezilla and configure it exactly as my screenshot shows I might reconsider giving them thousands upon thousands of dollars of my hard earned money. In most cases you can just forward the information to their IT department and let them do the handholding.

                                        I'd be surpised if most mortgage brokers have IT departments. Most are little shops and just sell off the loans to other people.

                                        1 Reply Last reply Reply Quote 1
                                        • J
                                          Jason Banned @coliver
                                          last edited by

                                          @coliver said:

                                          If they'd accept it you could use 7zip to make an archive with a password and all your important data. Then you could use one of those services to deploy it.

                                          They barely accepted my PDF with a password. I don't think they'd do that. I'm just ready for this to be over with. It's one insanity after the other. Home buying is super crazy now days.

                                          RamblingBipedR coliverC 2 Replies Last reply Reply Quote 0
                                          • RamblingBipedR
                                            RamblingBiped @Jason
                                            last edited by

                                            @Jason I just went through a similar issue when I finally sold/closed on my previous home. I drove 3 and a half hours and hand delivered/signed all of the documents and paperwork. It took me nearly 2 years to sell the house and I didn't care to leave anything AT ALL up to chance...

                                            1 Reply Last reply Reply Quote 0
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