Fidelity National Financial Division Extends Natural Disaster Condition Report To Lenders Nationwide
August 01 2005 - 8:30AM
PR Newswire (US)
Fidelity National Financial Division Extends Natural Disaster
Condition Report To Lenders Nationwide JACKSONVILLE, Fla., Aug. 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 LSI Market Intelligence division is now
offering a Natural Disaster Condition Report to lenders nationwide.
Compiled using the company's national network of nearly 30,000 real
estate professionals, this inspection report provides lenders with
detailed information regarding the condition of a specified
property in the aftermath of a natural disaster. For lenders with
transactions pending mortgage funding in an area affected by a
natural disaster, the Natural Disaster Condition Report helps them
determine the existence and exterior condition of subject
properties. Exterior structure features inspected for this report
often include roof, siding, structural stability, garage, doors,
windows and more. In addition to stating whether damage to specific
exterior features has occurred, this report provides percentage
ranges that indicate the degree of that damage and a photograph to
support those findings. The Natural Disaster Condition Report was
created as a result of client requests to have a tool that would
enable them to make informed decisions prior to distributing
mortgage funding for potentially damaged properties. Previously,
this report was only available to the clients involved in the
initial requests for the solution. The tremendous success of the
report's small-scale introduction has prompted the company to
launch it nationwide. "As our goal is to remain committed to
customer-driven product development, we listen intently when our
clients bring a need to our attention and strive to provide the
best possible solution," said Paul Goddu, Senior Vice President of
Business Development for LSI Market Intelligence. "Frequently those
solutions have industry-wide application resulting in a nationwide
launch, as has been the case with the Natural Disaster Condition
Report." Fidelity National Financial, Inc. 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 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, +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 Web site:
http://www.fnf.com/ http://www.fidelityinfoservices.com/
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