LPS' Randy Gillis to Lead MISMO's New Strategic Planning Committee

      LPS' Randy Gillis to Lead MISMO's New Strategic Planning Committee

Group Will Identify Ways to Improve Loan Quality and Data Transparency

PR Newswire

JACKSONVILLE, Fla., Nov. 2, 2012

JACKSONVILLE, Fla., Nov. 2, 2012 /PRNewswire/ --Lender Processing Services,
Inc. (NYSE: LPS), a leading provider of integrated technology, services data
and analytics solutions to the mortgage and real estate industries, announced
that Randy Gillis has been appointed the chair of the Strategic Planning
Committee for the Mortgage Industry Standards Maintenance Organization

(Logo: http://photos.prnewswire.com/prnh/20120802/FL50731LOGO )

MISMO, a wholly owned subsidiary of the Mortgage Bankers Association, is the
leading standards development body for the residential and commercial real
estate finance industries. Gillis, the senior vice president of Enterprise
Information Management for LPS' Servicing Solutions and Technology division,
will lead the newly formed Strategic Planning Committee in monitoring mortgage
industry trends and anticipating future needs to help MISMO stay on the
leading edge of data-reporting standards. The group will also identify ways to
continue to be innovative and assess the need for additional industry

"Randy's strong commitment to increased transparency, greater data consistency
and reduced processing costs in the mortgage industry make him an outstanding
choice to lead strategic planning for MISMO," announced LPS Chief Operating
Officer Dan Scheuble. "LPS fully supports MISMO's efforts to foster a more
secure, efficient and economical mortgage process."

MISMO is an organization that works to develop, promote and maintain voluntary
standards for the real estate finance industry. MISMO is working toward
greater data consistency among mortgage transaction participants to help
reduce processing costs, increase transparency and boost investor confidence
in mortgage and real estate asset classes, which could result in a cost
savings to borrowers.

"We greatly appreciate LPS' contribution of Randy's time and talent to
support MISMO's focus on meeting the industry's growing and evolving needs,"
said Mike Fratantoni, president of MISMO. "We are confident that Randy's
leadership will help us to gain fresh insight into ways we can improve
standards and data for all points in the mortgage life cycle."

About Lender Processing Services (LPS)

Lender Processing Services (NYSE: LPS) delivers comprehensive technology
solutions and services, as well as powerful data and analytics, to the
nation's top mortgage lenders, servicers and investors. As a proven and
trusted partner with deep client relationships, LPS offers the only end-to-end
suite of solutions that provides major U.S. banks and many federal government
agencies the technology and data needed to support mortgage lending and
servicing operations, meet unique regulatory and compliance requirements and
mitigate risk.

These integrated solutions support origination, servicing, portfolio retention
and default servicing. LPS' servicing solutions include MSP, the industry's
leading loan-servicing platform, which is used to service approximately 50
percent of all U.S. mortgages by dollar volume. The company also provides
proprietary data and analytics for the mortgage, real estate and capital
markets industries.

LPS is a Fortune 1000 company headquartered in Jacksonville, Fla., employing
approximately 8,000 professionals. For more information, please visit

SOURCE Lender Processing Services, Inc.

Website: http://www.lpsvcs.com
Contact: LPS media: Michelle Kersch, +1-904-854-5043,
michelle.kersch@lpsvcs.com, or LPS investors: Nancy Murphy, +1-904-854-8640,
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