Dear 8Twelve Partners and Customers,

We regret to inform you of a data security incident at 8Twelve Financial Technologies (“8Twelve”). A vulnerability was identified during a routine database upgrade, exposing certain personal information shared with 8Twelve Mortgage Corp. (“8Twelve Mortgage”).

Our network operations team promptly discovered and secured the open port and non-password protected database that may have contained Personally Identifiable Information (PII). Our engineers verified that no data was downloaded from the intruding IP address.

The impacted information may include name, email address, telephone number, address, and some financial details used to start the loan application process. We want to assure you that no sensitive information was involved in this incident.

At 8Twelve, the privacy of personal information is of utmost importance. We took immediate action to address the incident, including retaining a security consultancy firm and engaging a premier AWS Technology Partner to manage our cloud services. Our partner provides real-time monitoring to prevent security holes and protect against malware.

As standard best practices, we advise you to be cautious of unsolicited communications asking for personal information and to avoid clicking on links or downloading attachments from suspicious emails. At this time, we are not aware of any fraud involving your information as a result of this incident.

For more information or if you have any questions or concerns, please contact our Compliance team at 905-554-4332 or 1-877-812-8128, toll-free Monday through Friday from 9 am – 6 pm Eastern, or email compliance@8twelve.mortgage.

Sincerely,
8Twelve Financial Technologies

8Twelve’s proprietary INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products.

“At Your Home Sold Guaranteed Realty, we invest in our agents more than any brokerage you will find,” said Todd Walters, CEO and Co-Founder. “Partnering with 8Twelve fits our model perfectly because we consistently equip our agents with differentiating tools that help them to build their business and dominate in the industry. This partnership ensures that YHSRG realtors have the best tool to secure financing for their deals.”

YHSGR is the only real estate brokerage in North America to be licensed by the US and Canada’s #1 real estate Coach Craig Proctor. The distinction brings with it exclusive access to Craig Proctor’s proprietary business teachings and systems for YHSGR agents; systems that have been proven to create more millionaire agents than any other real estate trainer or coach.

“With rising interest rates and tighter lending requirements, Canadians now more than ever need to know all their home financing options,” said Akber Abbas, President & Chief Information Officer of 8Twelve. “This agreement highlights the strength of our service offering in enabling large scale enterprises to deliver the best financing solutions to their clients.”

8Twelve is seeing increased interest and user success in its offering as companies are exploring more ways to help their clients. 8Twelve’s secure, smart technology is able to provide fast turnarounds and exceptional service levels to homebuyers as it strives to provide a mortgage solution for every borrower situation.

About Your Home Sold Guaranteed Realty
Your Home Sold Guaranteed Realty was founded with this vision: To Be the Best Place to Work, Buy, and Sell Real Estate! We are proud to be one of the fastest-growing real estate companies nationwide. If you’re looking to buy or sell a home, Your Home Sold Guaranteed Realty is there for you every step of the way. You can count on knowledgeable agents with PERFORMANCE GUARANTEES that are ready to handle every situation, giving you the peace of mind that you made the perfect choice in a Real Estate Agent and Company!

Dwello is on a mission of helping all Canadians get equitable access to credit. Renters can sign up for free to pay rent through Dwello’s payment platform. Their rent payments get reported to Equifax Inc. (EFX:NYSE), one of the major credit bureaus serving Canada. Over time, the on-time payments help build credit scores, thus unlocking favorable offers on credit products like loans, mortgages and credit cards.

This partnership will help Dwello renters eventually become owners. By integrating into 8Twelve’s proprietary INFIN8 platform, Dwello customers will be notified when they qualify for a mortgage from 8Twelve. INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products. 8Twelve also has access to other products such as Co-Equity down payment programs to further facilitate home ownership.

“Rent reporting to the bureau has demonstrated success in assisting renters in improving and establishing their credit profiles. This has led to increased access to preferred lending products and favorable rates, as well as a broader range of rental properties. This initiative has benefited hard working Canadians who may have otherwise been disadvantaged in the system due to low credit scores or non-existent credit profiles” said Roy Moufawad, CEO of Dwello Ltd. “Dwello’s rent reporting system is beneficial for both renters in Canada and financial institutions by giving them visibility into the rental market. Additionally, landlords have found that using this platform to collect rent not only simplifies the process but also helps retain tenants.”

“Innovation is moving at a very rapid pace in the real estate and mortgage industries. Until very recently, solutions such as these did not exist for renters and home buyers. People were left to their own devices to figure out how to migrate themselves from being a renter to being a homeowner.” said Jason Baibokas, CFO of 8Twelve. “The convergence of finance and technology has finally reached a point where an increasing number of tools are available to plan for and achieve home ownership. At 8Twelve we strive to integrate the best and most intelligent solutions in our mission to streamline the home financing process.”

About Dwello
Dwello is a payment technology platform that helps Canadian renters build their credit scores just by paying rent. Rent payments paid through Dwello get reported to Equifax to help renters establish a stronger credit history while helping property owners get paid on time. Learn more at dwello.com and follow us on Facebook @dwellopayments and on Twitter @dwellopayments.