Fidelity National Field Services Implements Industry's Most Comprehensive Contractor Assessment
March 24 2005 - 7:30AM
PR Newswire (US)
Fidelity National Field Services Implements Industry's Most
Comprehensive Contractor Assessment JACKSONVILLE, Fla., March 24
/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,
today announced that Fidelity National Field Services, Inc.
("FNFS") is launching its state-specific Contractor Qualification
Assessment program. This new program will validate the industry
proficiencies of more than 1,000 independent property preservation
contractors managed by Fidelity National Field Services nationwide.
Based on lender and investor guidelines and best practices in the
industry, the comprehensive Web-based assessment consists of a wide
variety of questions relating to lender and investor requirements,
as well as state- specific questions relating to services such as
conveyance preparation, winterization, lock changes, eviction
attendances, lawn services, pool coverings, extermination, window
replacements, etc. As an industry first, contractors will be
required to complete a new assessment once per year to ensure the
ongoing consistency and caliber of service provided by Fidelity
National Field Services. To facilitate new independent contractors'
training as well as ongoing education, Fidelity National Field
Services supplies both existing and new contractors with a Fidelity
National Field Services Training Manual, as well as the U.S.
Department of Housing and Urban Development ("HUD") preservation
and protection guidelines and Department of Veterans Affairs ("VA")
servicing guidelines. Contractors are also continually educated on
updates to the standard guidelines throughout the year.
Additionally, contractors can use the property preservation study
materials and the Contractor Qualification Assessment provided by
Fidelity National Field Services as a resource to educate, train
and validate job knowledge and skills of the sub-contractors
representing them in the field. "We strive to provide the highest
quality property preservation services nationwide," said Marc
Insul, President and COO of Fidelity National Field Services.
"Using our new online assessment, we are able to further qualify
our network of contractors, ensuring we are managing a team of
professionals capable of meeting and exceeding the standards of our
clients and the industry," said Insul. For more information
regarding Fidelity National Field Services, please visit the
company's Web site at http://www.fnfieldserv.com/ . 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 is the nation's largest title insurance company, with
nearly 32 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 2,800 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: Daniel Kennedy Murphy, Senior Vice President, Finance and
Investor Relations, +1-904-854-8120, or , or Darcy Patch, Senior
Vice President of Marketing, Office of the Enterprise,
+1-949-477-1173, or , both of Fidelity National Financial, Inc. Web
site: http://www.fnfieldserv.com/ http://www.fnf.com/
http://www.fidelityinfoservices.com/
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