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ICE Wins $155M For PennyMac Misuse of Black Knight Confidential Information in Mortgage Servicing Software

Author: Benzinga Newsdesk | December 05, 2023 08:36am

Intercontinental Exchange, Inc. (NYSE:ICE) a leading global provider of data, technology and market infrastructure, announced that an arbitrator has found PennyMac Loan Services engaged in unauthorized use of Black Knight's confidential information in building the PennyMac Servicing Systems Environment (SSE). The arbitrator awarded more than $155 million dollars, plus interest and attorneys' fees to Black Knight based on PennyMac's conduct.

Posted In: ICE PFSI


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