Lender Processing Services Announces Settlement with Michigan Attorney General

Lender Processing Services Announces Settlement with Michigan Attorney General

PR Newswire

JACKSONVILLE, Fla., Jan. 31, 2013

JACKSONVILLE, Fla., Jan. 31, 2013 /PRNewswire/ --Lender Processing Services,
Inc. (NYSE:LPS), a leading provider of integrated technology and services to
the mortgage and real estate industries, today announced a settlement
agreement with the Attorney General of the State of Michigan that resolves the
state's investigation surrounding the company's default operations, including
former document preparation, verification, signing and notarization practices
of certain operations. Although the state of Michigan was referenced in the
company's earlier announcement about its multi-state settlements, the
settlement with Michigan was the result of an independent investigation and

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

The settlement with Michigan includes a payment of $1.7 million, which was
included in the company's earlier $127 million multi-state announcement.
Additionally, as part of the settlement with Michigan, LPS is reimbursing the
state for $800,000 for attorney fees and costs.

About Lender Processing Services

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., and employs
approximately 8,000 professionals. For more information, please visit

SOURCE Lender Processing Services, Inc.

Website: http://www.lpsvcs.com
Contact: Media: Michelle Kersch, +1-904-854-5043, Michelle.kersch@lpsvcs.com,
or Investor: Nancy Murphy, +1-904-854-8640, Nancy.murphy@lpsvcs.com
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