Integrates Acquired Analytics with Existing Data Resources to Provide Unparalleled Decision-Making Capabilities JACKSONVILLE, Fla., July 22 /PRNewswire-FirstCall/ -- Lender Processing Services, Inc. (NYSE:LPS), recently spun off from Fidelity National Information Services, Inc., today announced the acquisition of McDash Analytics, which provides access to the industry's largest loan-level database of mortgage assets for the purpose of benchmarking and analysis. This strategic acquisition complements the LPS portfolio of data and analytics offerings, enabling the company to provide comprehensive data and decisioning solutions through a single provider -- via a variety of convenient delivery methods. With the acquisition of McDash, LPS now offers access to loan-level data for more than 39 million active first and second mortgage loans, including portfolios serviced by nine of the top 10 mortgage servicers in the nation. The data represents approximately two-thirds of the mortgage market and spans the entire credit spectrum of agency, non-agency and portfolio products. Access to LPS' complete loan-level data will give mortgage industry professionals a greater level of analytic flexibility, while minimizing the need to interpolate benchmarking results. "Providing analytic transparency on mortgage asset behavior is a critical factor to restoring confidence in the mortgage market. McDash is well known for its industry knowledge and comprehensive, high-quality data and services," said Ted Jadlos, chief executive officer of McDash Analytics. "Recently, the company was called upon by the Office of the Comptroller of Currency (OCC) and a mortgage industry non-profit agency to provide data collection, purification and reporting services related to the industry's loss mitigation efforts. These efforts are critical in gaining a more clear understanding of the turmoil in the mortgage market, and deciphering the path to market stabilization and health. We greatly appreciate the opportunity to join forces with the LPS organization." With the McDash acquisition finalized, LPS has moved forward with its strategic decision to consolidate all of its data and analytic assets into a newly formed division, LPS Applied Analytics. The creation of this new division combines the newly acquired McDash business offerings with those of the public records, property valuation and analytics businesses that already exist within LPS. By integrating these offerings, LPS will be able to provide access to more decision-making solutions than any other single source, including comprehensive analytics and modeling for prepayment, default, delinquency, loss, property valuation and fraud. "McDash's solutions complement our existing analytic forecasting capabilities and will enable us to serve our clients on a more comprehensive level," said Greg Whitworth, president of LPS' Applied Analytics division. "We have been primarily focused on combining McDash's offerings with our existing solutions to form a seamless, all-inclusive data and analytics resource. LPS has been successful in bringing together the loan and property-level data and analytics needed to provide mortgage originators, servicers and investors with a more complete, accurate picture of their portfolios." LPS Applied Analytics is in the process of bolstering its data and analytics offerings by ensuring that mortgage industry professionals can quickly access the information when, where and how it is needed. The company's expansive data and analytic solutions will be available through a variety of delivery methods, including McDash Online, MSP and LPS Desktop(TM). About Lender Processing Services 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, 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' 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, please visit http://www.lpsvcs.com/ . DATASOURCE: Lender Processing Services, Inc. CONTACT: Media: Darcy Patch, +1-949-477-1173, , Investor: Parag Bhansali, +1-904-854-8640, , both for Lender Processing Services, Inc. Web site: http://www.lpsvcs.com/

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