Fidelity National Financial Division Enhances BPO Process for REO Assets

January 18, 2005

Jacksonville, Florida -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products, services and technology solutions to the financial and real estate industries, today announced the release of its enhanced broker price opinion ("BPO") offering for REO Assets. Available through Fidelity National Default Solutions' Asset Management ("FNAMS") division, this new offering automates the BPO process, enabling brokers to enter data online through FNAMS' Web site, streamlining operations and resulting in more uniform and functional information.

Driven by lender and broker demand, the new online process provides lenders with real-time access to enhanced BPO data. Prior to automating the process, lenders were only able to view four data fields, requiring them to request a mailed or scanned copy of the printed report in order to obtain additional information. With the new online format, lenders may now view over 600 data fields, in addition to receiving detailed information reports. The expanded BPO data fields feature also provides brokers with more space to enter ancillary information that may be helpful to lenders and asset managers.

During the BPO enhancement process, Fidelity's main goal was to ensure that the system would truly meet the needs of the brokers and lenders involved with the process. As part of the company's customer-driven product development approach, Fidelity consulted with numerous brokers and lenders in the development phase of this enhanced BPO process.

"When designing their online BPO process, Fidelity took extreme measures to ensure they were meeting the needs of lenders, as well as brokers," said Brad Olsen, Broker for Dimensions Realty Services. "Fidelity is unique and unusual in that they consulted with all of the involved parties to create an exceptional rather than simply adequate system," added Olsen.

"Since many brokers work from home as well as the office, Fidelity's online BPO definitely provides added convenience," said Tish Weaster, Agent for RE/Max Classic Homes. "The online BPO also maximizes our efficiency and gets us one step closer to a paperless environment by reducing the need to keep multiple copies on file," she added.

"Fidelity's new BPO process enables us to immediately access information online, which is a definite benefit for us when reviewing and compiling files for internal and regulatory audits," said Paul Mousseau, Department Manager-REO for HSBC Mortgage Services. "We are also very excited about the additional data points the new process provides and the resulting enhanced reporting capabilities," added Mousseau.

"We are very excited to be rolling out our enhanced BPO process," said Chad Neel, President and COO of Fidelity National Asset Management Solutions. "By combining feedback from our clients and broker partners with our cutting-edge technology, we have successfully created the most complete online BPO available in the industry," said Neel.

Fidelity National Financial, Inc., number 262 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF had total revenue of more than $6.2 billion and earned more than $560 million for the first nine months of 2004, with cash flow from operations of more than $925 million for that same period. FNF is the nation's largest title insurance company, with more than 30 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its subsidiary Fidelity National Information Services, Inc. ("LPS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. LPS' software processes nearly 50 percent of all U. S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 3,600 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. LPS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. LPS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at www.fnf.com and www.fidelityinfoservices.com.

This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the company to be different from those expressed or implied above. The company expressly disclaims any duty to update or revise forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the company's Form 10-K and other reports and filings with the Securities and Exchange Commission.

SOURCE: Fidelity National Financial, Inc.
CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, 904-854-8120, dkmurphy@fnf.com; Darcy Patch, Senior Vice President of Marketing, Office of the Enterprise, 949-477-1173, darcy.patch@fnf.com