Technology

Zillow announced Thursday the release of a new component to its Zillow iPhone App. Zillow Mortgage Marketplace is now available through the Zillow iPhone App, allowing shoppers to access mortgage rates and other information as they shop for homes. Potential homebuyers can browse homes and compare mortgage rates from one app. Features of Zillow Mortgage Marketplace include a payment calculator to estimate monthly payments on a home and an affordability calculator that helps home shoppers find homes within their budget.

Rekon Technologies has installed the latest edition of its namesake software for one of the top three mortgage lenders in the nation. The company provides software solutions to loan servicers and lenders that prepare, record, manage, and track loan documents, such as assignments, lien releases, and UCC terminations. The latest version of the Rekon software is designed to reduce assignment backlogs and ensure clean titles for foreclosure proceedings.

Lender Processing Services, Inc. has named Hugh R. Harris to serve as the company's president and CEO, effective October 5, 2011. He will also serve as a member of the company's board of directors. Harris previously served as president of the financial services technology division at Fidelity National Financial and Fidelity National Information Services. He also held senior executive roles at HomeSide Lending, Mortgage Corporation of the South, and BancBoston Mortgage Corporation.

CoreLogic has launched a supplemental consumer credit report to help lenders mitigate risk by uncovering additional debt obligations, as well as increase new lending opportunities by identifying previously hidden credit behavior that could improve a consumer's credit profile. CoreScore consumer information is merged with traditional credit data into a single, integrated report. The supplemental data is sourced from CoreLogic's proprietary databases, which include nearly 1 billion consumer transaction records.

MISMO, the not-for-profit data standards subsidiary of the Mortgage Bankers Association (MBA), presented its Staff Appreciation Award to Leendert Bijnagte, business systems consultant at Wells Fargo Home Mortgage. The award was presented to Bijnagte at the MISMO September Trimester Meeting in Broomfield, Colorado, for his outstanding commitment and service to MISMO.

eMortgage Logic (EML), a national property valuations provider based out of Texas, is taking the guesswork out of determining the neighborhood for the subject property with the release of new proprietary interactive polygon mapping functionality. The company says the transparency provided through this new tool will enhance internal and external quality analysis and will provide clients with the confidence that comparables are not only similar in characteristics, but also in location.

MasterServ Financial, Inc., a new provider of portfolio monitoring, analysis, and management tools and services, has named veterans from the mortgage lending industry to its management team. Led by CEO and Big Four consulting veteran John Iatesta, the MasterServ Financial team is tasked with leveraging the company's technology resources and a customer list that includes the likes of HUD and Ginnie Mae to improve portfolio performance and asset quality for private sector financial services organizations and the GSEs.

Merscorp, Inc., the parent company of Mortgage Electronic Registration Systems (MERS), has been managing the daily operations of the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO) for the last two-and-a-half years. But effective December 1, 2011, Merscorp will hand that responsibility back to MISMO's parent organization, the Mortgage Bankers Association (MBA).

Veros Real Estate Solutions and JVI Solutions LLC announced the launch of VeroINSIGHT this week. It&'s a comprehensive property condition report to address new regulatory guidance surrounding collateral evaluations. According to the two companies, VeroINSIGHT goes beyond existing collateral evaluation products by uniformly capturing aspects of the property's current condition, as well as its general marketability.

Ellie Mae, a provider of automation solutions for the residential mortgage industry, announced Friday that it has appointed Lisa Schreiber as the company's new VP of lender business development. In her new role, Schreiber oversees the company's efforts to build and maintain productive, collaborative relationships with mega-lenders and correspondent investors. Her first major undertaking with Ellie Mae is managing the implementation of the company's TQL (Total Quality Loan) program by a top five mega-lender.