Fidelity National Financial MLS Solutions Transfers Canadian Print Operations to U.S. Facility
February 01 2005 - 9:38AM
PR Newswire (US)
Fidelity National Financial MLS Solutions Transfers Canadian Print
Operations to U.S. Facility JACKSONVILLE, Fla., Feb. 1
/PRNewswire-FirstCall/ -- Fidelity National Financial, Inc.
(NYSE:FNF), a Fortune 500 provider of products, services and
technology solutions to the financial and real estate industries,
announced today that its Fidelity MLS Solutions division has
transitioned the balance of its MLS print operations from Canada to
Fidelity's Olathe, Kansas facility to centralize its MLS technology
operations. "Fidelity MLS Solutions prints MLS books for
approximately 230 of its more than 360 MLS customers on a monthly
basis," said Beverly Faull, SVP and General Manager of Fidelity
National MLS Systems and Solutions. "Since less than 20 of these
monthly books were printed in Canada, we believe it is beneficial
to combine these operations and manage all printing and on-line
operations from Kansas," she said. "By combining all of our MLS
operations, we will be better positioned to provide our clients
with the most convenient access to our wide array of MLS
solutions," said Faull. Faull says that book production for the
vast majority of Fidelity's customers will not be affected by this
transition. However, a few of the books printed in Canada were
derived from non-Fidelity MLS systems, requiring additional
programming and communication with those service providers. These
efforts are currently underway, but additional time may be needed
to finalize the transitioning of those MLS books. "We are well
aware that MLS solutions are mission critical for our clients,"
said Ernie Smith, President of the Real Estate and Mortgage
Information Services division of Fidelity Information Services.
"Our goal is to provide our MLS clients with top-level service and
support, which will be aided by this transition," said Smith. "We
look forward to offering our clients a single source for all of
their MLS print and technology needs." About Fidelity National
Financial 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. ("FIS"), the Company
is a leading provider of technology solutions, processing services
and information services to the financial services and real estate
industries. FIS' 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. FIS also provides customized
business process outsourcing related to aspects of the origination
and management of mortgage loans to national lenders and servicers.
FIS 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 http://www.fnf.com/ and
http://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. DATASOURCE: Fidelity National Financial, Inc.
CONTACT: Darcy Patch, Senior Vice President of Marketing, Office of
the Enterprise, Fidelity National Financial, Inc., +1-949-477-1173,
or Web site: http://www.fnf.com/
http://www.fidelityinfoservices.com/
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