HouseCanary Issues Statement Regarding Opinion Issued by Fourth Court of Appeals

Highlights That Court Confirms Facts Regarding Theft of HouseCanary’s Property

SAN FRANCISCO & SAN ANTONIO--(BUSINESS WIRE)--HouseCanary, Inc. (“HouseCanary”), a leading provider of residential real estate data and home valuations, today issued the below statement regarding the opinion issued in Title Source, Inc. v. HouseCanary, Inc. by the Fourth Court of Appeals (the “Court” or “Court of Appeals”) in San Antonio, Texas. Title Source, Inc. (“Title Source” or “TSI”) is now known as Amrock Inc. (“Amrock”), which is a subsidiary of Rocket Companies, Inc.

“The Court of Appeals recognizes again what every jury and court to consider the facts to date have concluded: Amrock engaged in outright and brazen theft of HouseCanary’s trade secrets, even after making express promises that it was not developing a competing product. The Court of Appeals also rejected completely Amrock’s allegations that HouseCanary never delivered working technology. The Court recognized that Amrock’s own employees lauded the app HouseCanary delivered.

The Court has provided that HouseCanary may retry certain facts to a jury to address certain issues with the jury instruction. As the Court also recognized, HouseCanary ‘may choose to forego a new trial and recover on the jury’s contract findings that were not successfully challenged in this appeal.’ The jury awarded damages of $201.6 million for those contract claims. HouseCanary is deciding how it will proceed.”

HouseCanary also has separate claims pending in federal court against TSI-affiliate Quicken Loans.

Learn more about the undisputed facts of this case by visiting www.HouseCanaryCaseFacts.com.

About HouseCanary

Founded in 2013, valuation-focused real estate brokerage HouseCanary provides software and services to reshape the real estate marketplace. Financial institutions, investors, lenders, mortgage investors, and consumers turn to HouseCanary for industry-leading valuations, forecasts, and transaction-support tools. These clients trust HouseCanary to fuel acquisition, underwriting, portfolio management, and more. Learn more at www.housecanary.com.