February 23, 2024
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Arbitrator awards $155M in PennyMac dispute

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An arbitrator has awarded more than $155 million to a Florida-based mortgage services firm over alleged unauthorized use of its confidential information by Westlake Village-based mortgage lender PennyMac Financial Services.  The Florida company, Black Knight Servicing Technologies, provides electronic mortgage services and software to the mortgage industry. PennyMac is a former client of Black Knight. …

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