A valuation affiliate of Quicken Loans Inc. is accusing HouseCanary of using fraud to obtain a more than $700 million verdict in an ongoing lawsuit.
In March, a Bexar County District Court jury in Texas awarded HouseCanary a $706.2 million judgment against Quicken Loans-affiliate Amrock Inc.
At issue was valuation technology that was allegedly misappropriated by Amrock. The two had originally began doing business together in January 2015.
Source: Mortgage Daily