Technology

Pro Teck Valuation Services introduced Appraisal Desktop with Inspection (ADI), a new hybrid appraisal product for home equity and second mortgage lending. As a USPAP-compliant desktop appraisal platform, ADI was designed to fill the gap between an automated valuation model with property condition report and a field appraisal.

Appraisal Logistics, a provider of compliant appraisal management solutions for the mortgage industry, announced it has received the ISO 9001:2008 Certification for Quality Management Systems Standards by LQRA, passing a formal evaluation created to examine quality management standards in the financial services industry.

Hubzu, an online real estate marketplace, has a new leader on board. The company named Eric M. Koenig as its new president. Koenig has experience driving growth initiatives for technology brands, having served most recently as COO and SVP of global business operations at Expedia.

ProLender Solutions, Inc., a provider of paperless mortgage lending software, announced it has added flood, fraud, and Nationwide Mortgage Licensing System (NMLS) services to its existing interface with QuestSoft's Compliance EAGLE platform. With the expanded services, ProLender users have a simpler method to verify flood certifications, fraud compliance, and NMLS license information prior to closings.

LoanLogics, a provider of loan quality management and performance analytics, announced the unveiling of its MERS Independent Third Party Performance Monitoring and Annual Review service. The specialty audit practice reviews and tests MERS controls and processes so servicers can ensure they are compliant with MERS regulations and avoid scrutiny.

Secondary market professionals have a new way to connect with potential buyers and sellers: LendTrade, a recently launched community for trading professionals designed to cut out the middleman and save costs. Upon joining LendTrade, new members set up a profile and indicate the types of deals they're seeking, then they receive notifications when opportunities posted meet their criteria.

LoanLogics, a company specializing in loan quality management and performance analytics technologies for the mortgage industry, announced it has raised $11.2 million in funding from growth equity firm Volition Capital and existing investors. The capital infusion will be used to continue the company's national expansion and to enhance its Enterprise Loan Quality Management System.

QuestSoft Corp., a provider of automated mortgage compliance software headquartered in Laguna Hills, California, announced it has added e-signature gateways from six providers, broadening options for customers using the company's IRS 4506-T and Social Security Administration SSA-89 verification services.

In Florida, Fidelity National Financial, Inc. (FNF), a provider of title insurance and mortgage and diversified services, announced that company president Raymond R. Quirk will be taking over as CEO effective December 7. Quirk will replace George P. P. Scanlon, who is transitioning out of that role.

RealtyTrac, a California-based information provider for the housing industry, announced the appointment of e-commerce specialist David Towers as SVP of revenue generation and operations. In his new role, Towers is tasked with overseeing RealtyTrac's website and call center operations.