$26M Lakeview Loan Servicing Settlement Ends Class Action Lawsuit Over October 2021 Data Breach

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Lakeview Loan Servicing, Pingora Loan Servicing, Community Loan Servicing and Bayview Asset Management have agreed to a $26,000,000 settlement to resolve a class action lawsuit that alleged the major mortgage loan servicers failed to protect the sensitive consumer information on their systems from an October 2021 data breach.

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The $26 million Lakeview Loan Servicing class action settlement received preliminary approval from the court on February 4, 2026 and covers all United States residents who were sent notice from Lakeview, Pingora, Community Loan or Bayview stating that their private information was potentially accessed during the October 2021data breach.

Per court documents, approximately 5.8 million individuals are covered by the deal.

The court-approved website for the Lakeview Loan Servicing data breach settlement can be found at LakeviewDataBreachSettlement.com.

According to the website, Lakeview settlement class members who file a valid, timely claim form have multiple options for reimbursement.

Class members who submit with their claim form documented proof of out-of-pocket losses stemming from the breach are eligible to receive a up to $5,000 in reimbursement

The settlement agreement outlines that class members must submit third-party documentation, like receipts or bank statements, to receive compensation for expenses incurred after October 11, 2021, that are unreimbursed and related to fraud, identity theft, obtaining credit reports, credit freezes, credit monitoring, and miscellaneous expenses such as postage and travel.

Per the agreement, should the total amount of documented-loss payments exceed $5 million, payments will be reduced on a pro rata, or equal share, basis.

In addition to, or in lieu of, a documented-loss payment, all Lakeview settlement class members may file a claim form to receive a one-time, pro-rated cash payment. The final amount of this payment, the agreement explains, will depend on the number of valid claims filed and the amount remaining in the net settlement fund after the payment of attorneys’ fees, settlement administration costs, lead plaintiff service awards and all other settlement benefits.

In addition to both cash payment options, the agreement reports that class members who resided in California at the time of the data breach may also claim an additional pro-rated statutory cash payment associated with provisions in the California Consumer Privacy Act.

The agreement states that the California statutory payment will be the same amount as the pro-rated cash payment; essentially, California residents may receive two pro-rated shares of the net settlement fund, whereas all other claimants are eligible to receive one pro-rated share.

Class members may receive their settlement payout via check or electronic payment, the agreement notes, and all checks must be cashed within 90 days of issuance before expiration.

In addition to any monetary settlement benefits, class members may also file a claim form to receive an enrollment code for one free year of CyEx Financial Shield Total, which includes three-bureau credit monitoring, transaction monitoring, credit score tracking, dark web monitoring, identity monitoring and identity theft insurance, per the agreement.

To file a Lakeview data breach claim form online, class members can head to this page and log in using the class member ID found on their received copy of the settlement notice. Alternatively, class members may download a PDF of the claim form from the website to print, fill out and return by mail to the address of the settlement administrator listed at the top of the document.

All Lakeview settlement claim forms must be submitted online or by mail by June 22, 2026.

The court will determine whether to grant final approval to the Lakeview Loan Servicing settlement following a hearing on July 2, 2026. Compensation will begin to be distributed to class members only after final approval is granted and any appeals are resolved.

The Lakeview Loan Servicing class action lawsuit alleged that the nationwide mortgage loan provider, along with Pingora Loan Servicing, Community Loan Servicing and Bayview Asset Management, all of which operate under either Bayview Asset Management or Bayview Companies, failed to enact reasonable cybersecurity measures to protect the private information stored on its systems, which led to a data breach that started on or around October 11, 2021.

Head to ClassAction.org’s settlements page for a complete list of data breach settlements.