FNF Fidelity National Financial Inc

Fidelity National Financial, Inc. Announces the Acquisition of Service Link, L.P. JACKSONVILLE, Fla., June 20 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, today announced the signing of a definitive agreement to acquire Service Link, L.P. ("Service Link"), a licensed title insurance agency and a leading provider of title and closing services to national lenders. The purchase also includes Asset Link, an REO management and disposition company owned by Service Link. Service Link provides national centralized mortgage and residential real estate title and closing services for major financial institutions and institutional lenders. Clients include six of the nation's top ten residential lending institutions ranked by loan origination volume. Service Link owns proprietary software that was built and designed to provide ultimate flexibility for both customer service and order flow control, allowing for the optimal productivity for its operations. "The acquisition of Service Link provides FNF and its title insurance subsidiaries with centralized title and closing capabilities and improved direct access to national lender accounts for both refinance transactions and emerging lender-driven purchase transactions," said FNF President Raymond R. Quirk. "Service Link will operate as a distinct brand under our Chicago Title subsidiary and will establish underwriting agreements with the FNF family of title insurance underwriters." "Service Link will also utilize FNF and its subsidiaries for its bundled service data needs surrounding the real estate and mortgage loan closing process, providing for cross-selling of products and services such as valuation and appraisal services, flood determinations, tax services and mortgage credit information services," said FNF Chairman and Chief Executive Officer William P. Foley, II. "Additionally, Asset Link provides FNF with another counter cyclical revenue stream and improves FNF and Service Link's ability to more fully capture and serve emerging lender-driven purchase closing opportunities." "The management and staff of Service Link and Asset Link are excited to become part of the Chicago Title and the Fidelity family of companies," said Jeff Coury, Service Link CEO. "We will now be able to extend our geographic reach with an enhanced product and technology suite to service our clients." Fidelity National Financial, Inc., number 261 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 nearly $8.3 billion and earned more than $740 million in 2004, with cash flow from operations of nearly $1.2 billion for that same period. FNF is the nation's largest title insurance company, with nearly 31 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 majority-owned 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, Fidelity National Financial, +1-904-854-8120, or Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/

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