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PennyMac pays $158M to Black Knight in servicing platform dispute

Housing Wire

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. million in damages related to a breach of contract claim, plus interest and attorneys fees. PennyMac Financial Services has paid $158.4

Legal 326
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Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac

Housing Wire

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. 28, an arbitrator awarded Black Knight $155.2 per share.

Contracts 367
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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

As with establishing effective communication expectations early on, developing a crisis management plan before you need it will allow you to effectively deal with unexpected problems. Legal disputes. Embrace technology If you still rely on paper and pen, it’s time to enter the 21st century. Natural disasters.

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Opinion: More can be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 406
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Opinion: More should be done to shorten the average time to close

Housing Wire

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. The good news is that this trend towards a general adoption of technology seems to be accelerating.

HOA 393
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5 best Arizona real estate schools for 2024

Housing Wire

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Lenders, Lender Technology Providers, Appraisal Management Companies (AMCs), Appraisal Software Providers, and Appraisers will need to devote time and resources to this evolution.

Appraisal 397