JACKSONVILLE, Fla. – February 26, 2009 – Lender Processing Services, Inc. (LPS), a leading provider of integrated technology and services to the mortgage industry, today announced that mortgage banking veteran Pete Maselli has joined LPS’ Office of the Enterprise team as a senior vice president of Strategy and Business Development.
In his new role, Maselli will provide strategic counsel and leadership at key enterprise-level executive client meetings and represent LPS with the Government Sponsored Enterprises (GSEs), the Department of Housing and Urban Development (HUD), the Office of the Comptroller (OCC), the Mortgage Bankers Association (MBA) and other strategic governmental partners.
Maselli, based in Washington, D.C., brings more than 25 years of successful mortgage banking experience to his new role. Prior to joining LPS, Maselli spent more than 15 years at Freddie Mac, where he led numerous strategic initiatives, including the Loan Prospector automated underwriting business. He also recently held key marketing and strategic planning positions at Overture Technologies and LandAmerica Financial Group.
“We are delighted to bring Pete’s extensive mortgage banking experience and strategic capabilities to LPS,” said Bill Griffin, president, LPS’ Office of the Enterprise. “Pete will further strengthen LPS’ strong governmental relationships and be an invaluable resource as we develop new products, services and solutions for the mortgage industry.”
About Lender Processing Services
Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage industry. LPS offers solutions that span the mortgage continuum, including lead generation, origination, workflow automation (Desktop), servicing, portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages are serviced using LPS's Mortgage Servicing Package (MSP). In fact, many of the nation's top servicers rely on MSP, including seven of the top 10 and 16 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.
Investor Contact: Parag Bhansali, 904.854.8640, parag.bhansali@lpsvcs.com
Media Contact: Michelle Kersch, 904.854.5043, michelle.kersch@lpsvcs.com