Mortgage Investors Group Settlement: $45 or Up to $2,000, Claims Due November 19, 2026
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The Mortgage Investors Group lawsuit over the December 2024 cyberattack has settled for up to $925,000. If you got a notice, you can claim a $45 cash payment with no proof, or up to $2,000 in documented losses, plus a year of credit monitoring. The claim deadline is November 19, 2026. The opt-out and objection deadline is October 20, 2026. The court has not yet given final approval, so nothing has been paid.
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Reviewed by Leonard Goldberg, Editor · Last updated
What the Mortgage Investors Group Class Action Is About
Mortgage Investors Group (MIG) is a residential mortgage lender based in Knoxville, Tennessee. In January 2025 it disclosed a cyberattack on its network that began on December 11, 2024 and was discovered the next day. The Record reported that MIG has about 300,000 customers.
The settlement notice describes the case this way: during the December 2024 cyberattack, certain files containing private information were accessible, and they may have contained names and financial information. Breach letters filed with state regulators, as summarized by ClaimDepot, listed names, driver’s license numbers, Social Security numbers, financial account numbers and credit or debit card numbers.
The lawsuit alleges that MIG failed to use reasonable cybersecurity to protect that data. MIG denies wrongdoing, and the court has not decided who is right. The company agreed to settle to avoid the cost and risk of continuing the case.
Case Details
The case is White v. Mortgage Investors Group, Inc., Case No. 25-0350-III, in the Chancery Court for Davidson County, Tennessee (Nashville). It is a state-court case, not a federal one. ClassAction.org lists the filing date as March 5, 2025.
The settlement received preliminary approval on July 8, 2026, according to ClassAction.org. The final approval hearing is set for November 10, 2026, at 11 a.m. Central in Courtroom 407, 1 Public Square, Nashville. The settlement administrator is Simpluris, and the official site is MIGDataSettlement.com.
Status: Settlement Open for Claims, Final Approval Pending
Key dates:
October 20, 2026 — last day to opt out (postmarked) or object.
November 10, 2026 — final approval hearing.
November 19, 2026 — claim deadline, online or postmarked.
Payments go out only if the court grants final approval and after any appeals are resolved. No payment date has been announced. Before you file, check which other mortgage-related settlements are open on our open settlements list.
Don't miss the claim deadline
Claims are due by November 19, 2026. We'll email you 7 days and 1 day before the deadline.
Who Can Claim
The court defined the class as “All individuals whose PII was implicated in the Data Incident involving Mortgage Investors Group, Inc.” Court documents estimate about 74,252 people are in it. MIG, its officers and directors, government entities and the judge and court staff are excluded.
The practical test is your mail. MIG identified class members from its own records, and the settlement notice carries a login ID and PIN that you need to file online. If you never got a notice but think you were affected, call the administrator toll-free at 1-833-421-7351 or email info@MIGDataSettlement.com and ask.
Different mortgage company, different case: the SitusAMC vendor breach has its own settlement, covered in our SitusAMC settlement report, with a claim deadline of November 6, 2026.
What the Mortgage Investors Group Settlement Pays
Documented losses: up to $2,000. This covers identity theft or fraud losses, credit report, monitoring and freeze fees, replacement IDs and postage, if they happened between December 12, 2024 and November 19, 2026. You need proof such as bank statements or receipts. Your own notes alone are not enough.
Or a flat $45 payment with no proof required.
Every class member can also choose one year of CyEx Financial Shield Complete, which includes $1 million in fraud insurance.
The catch is the cap. MIG’s total obligation is capped at $925,000, and that covers claims, administration and up to $270,000 in attorneys’ fees and costs. Class Counsel will also ask for a $2,500 service award, paid by MIG. If the total is higher, every payment is cut pro rata. Spread across 74,252 people, the whole cap is roughly $12 a head, so the $45 and $2,000 figures hold up only because most people never file. Run your numbers in the data breach settlement calculator.
Mortgage Investors Group Breach and Settlement Timeline
- 1
December 11, 2024 — The Cyberattack
An unauthorized user gets into MIG’s network. The company discovers it on December 12, 2024 and brings in forensic investigators.
- 2
January 2025 — MIG Goes Public
MIG posts a notice of the incident, and The Record reports it on January 14, 2025. Breach letters follow, offering free Cyberscout credit monitoring.
- 3
March 5, 2025 — The Lawsuit Is Filed
White v. Mortgage Investors Group, Inc. is filed in the Chancery Court for Davidson County, Tennessee, Case No. 25-0350-III.
- 4
July 8, 2026 — Preliminary Approval
The court preliminarily approves the settlement of up to $925,000 for an estimated 74,252 class members.
- 5
August 7, 2026 — Notices Mailed
The administrator mails notices with a login ID and PIN, and claims open at MIGDataSettlement.com.
- 6
October 20 to November 19, 2026 — The Deadlines
Opt-out and objection deadline October 20, final approval hearing November 10, claim deadline November 19, 2026.
Three Things to Watch For
A mortgage lender breach with a real claim deadline gives scammers a convincing story:
Look-alike MIG claim sites
The only official site is MIGDataSettlement.com, run by the administrator Simpluris. The claim form asks for the login ID and PIN from your notice. A site that wants your full Social Security number or bank login to “verify” you is not the settlement.
Calls about your mortgage or escrow
The exposed files may have held financial information. A caller who knows your loan details and asks you to send a payment, update wire instructions or pay a “release fee” for your settlement money is a fraud. The settlement never charges a fee.
“Opt out and sue for more” pitches
Opting out is a real choice, but it means you get nothing from this settlement and must pursue your own case. Anyone pushing you to opt out before October 20, 2026 should explain what you would give up, in writing.
Mortgage Investors Group Settlement — Questions People Actually Ask
Is the Mortgage Investors Group settlement email or letter real?
The real notice comes from the MIG Data Incident Settlement administrator, lists Case No. 25-0350-III and points you to MIGDataSettlement.com or 1-833-421-7351. If in doubt, type the website address yourself instead of clicking a link.
How much will I get?
Either $45 with no proof, or up to $2,000 for documented losses, plus optional credit monitoring. Payments can be reduced pro rata if claims and costs exceed the $925,000 cap.
What is the deadline?
Claims must be filed online or postmarked by November 19, 2026. Opt-outs and objections are due by October 20, 2026.
When will payments be sent?
Only after the court grants final approval at or after the November 10, 2026 hearing, and after any appeals are resolved. No payment date had been announced as of October 8, 2026. Payment options include PayPal, Venmo, Zelle, a virtual prepaid card or a check.
I did not get a notice. Can I still claim?
Class members were identified from MIG’s records, and the online form requires the login ID and PIN from the notice. Contact the administrator at info@MIGDataSettlement.com or 1-833-421-7351 to ask whether you are on the list.
Is this a federal class action?
No. It is a state case in the Chancery Court for Davidson County, Tennessee. There is no federal MDL for this breach.
Do I need receipts?
Only for the documented-loss payment of up to $2,000. The $45 payment and the credit monitoring require no proof.
What happens if I do nothing?
You stay in the class, get no money and give up your right to sue MIG over this breach. If you want anything from the settlement, you have to file a claim by November 19, 2026.
Separate from this case: were you injured in the last 2 years?
Class-action payouts are fixed amounts through an administrator. A personal injury claim is a different case — and often worth far more. Free estimate, no obligation.
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