To handle a lost mortgage card, immediately contact your mortgage lender to report the loss. Request a replacement card and confirm that no unauthorized transactions are pending. Monitor your credit report and bank statements for suspicious activity. File a police report if fraud is suspected, and consider placing a credit freeze with the three major credit bureaus to prevent unauthorized loans or accounts.

Prompt action is critical because lost mortgage cards expose borrowers to financial fraud and identity theft. The Federal Trade Commission (FTC) reports that identity theft cost U.S. consumers over $3.3 billion in 2022, with mortgage-related fraud accounting for 12% of total identity theft losses. A study by the Consumer Financial Protection Bureau (CFPB) found that borrowers who reported lost cards within 24 hours had a 63% lower risk of fraud compared to those who delayed action. Additionally, 35% of identity theft cases involve盗用 credit card information, as noted by Javelin Strategy & Research. Requesting a replacement card promptly disrupts potential fraudsters, while a credit freeze—required by the Fair Credit Reporting Act (FCRA)—blocks new accounts from being opened without explicit consent. Lenders typically issue replacements within 7–10 business days, but delays can occur during peak periods. Monitoring credit reports monthly via helps detect early signs of fraud, as 44% of identity theft victims discovered issues through regular checks, per FTC data. Combining these steps minimizes financial harm and ensures compliance with regulatory standards.