LPS Authorizes Share Repurchase Program of $100 Million and Regular Quarterly Dividend

LPS Authorizes Share Repurchase Program of $100 Million and Regular Quarterly

PR Newswire

JACKSONVILLE, Fla., Feb. 7, 2013

JACKSONVILLE, Fla., Feb. 7, 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 the company's board
of directors authorized the repurchase of up to $100 million of LPS
outstanding common stock. The authorization ends on June 30, 2014, and
replaces the company's prior repurchase authorization which expired on Dec.
31, 2012.

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

The board also authorized a regular quarterly dividend of $0.10 per common
share. The dividend is payable on March 21, 2013, to shareholders of record
as of the close of business on March 7, 2013.

"These actions reflect our confidence in the future of LPS' business and our
commitment to delivering value and returning cash to our shareholders over the
long term," said Hugh Harris, LPS president and chief executive officer.

As of Dec. 31, 2012, LPS had 84,912,767 common shares outstanding.

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 headquartered in Jacksonville, Fla., and employs approximately 8,000
professionals. The company is ranked on the Fortune 1000 as the 877^th largest
American company in 2012. For more information, please visit www.lpsvcs.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number
of risks and uncertainties. Those forward-looking statements include all
statements that are not historical facts, including statements about our
beliefs and expectations. Forward-looking statements are based on management's
beliefs, as well as assumptions made by and information currently available to
management. Because such statements are based on expectations as to future
economic performance and are not statements of historical fact, actual results
may differ materially from those projected. We undertake no obligation to
update any forward-looking statements, whether as a result of new information,
future events or otherwise. The risks and uncertainties to which
forward-looking statements are subject include, but are not limited to: our
ability to adapt our services to changes in technology or the marketplace; the
impact of adverse changes in the level of real estate activity (including
among others, loan originations and foreclosures) on demand for certain of our
services; our ability to maintain and grow our relationships with our
customers; the effects of our substantial leverage on our ability to make
acquisitions and invest in our business; the level of scrutiny being placed on
participants in the foreclosure process; risks associated with federal and
state enforcement proceedings, inquiries and examinations currently underway
or that may be commenced in the future with respect to our default management
operations, and with civil litigation related to these matters; the impact of
continued delays in the foreclosure process on the timing and collectability
of our fees for certain of our services; changes to the laws, rules and
regulations that regulate our businesses as a result of the current economic
and financial environment; changes in general economic, business and political
conditions, including changes in the financial markets; the impact of any
potential defects, development delays, installation difficulties or system
failures on our business and reputation; risks associated with protecting
information security and privacy; and other risks and uncertainties detailed
in the "Statement Regarding Forward-Looking Information," "Risk Factors" and
other sections of the Company's Form 10-K and other filings with the
Securities and Exchange Commission.

SOURCE Lender Processing Services, Inc.

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