Fidelity National Real Estate Solutions Signs Enterprise Agreement with RE/MAX Greater Atlanta
September 28 2005 - 8:30AM
PR Newswire (US)
JACKSONVILLE, Fla., Sept. 28 /PRNewswire-FirstCall/ -- The Real
Estate Solutions division of 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 it has completed the first ninety days of its
enterprise agreement with RE/MAX Greater Atlanta, a leading real
estate brokerage firm in Georgia. As part of this agreement,
Fidelity National Real Estate Solutions (FNRES) is focusing its
industry expertise and technological resources to help RE/MAX
Greater Atlanta boost operational effectiveness and accelerate
revenue growth. RE/MAX Greater Atlanta will save an estimated $1.5
million through technology related expense reductions over the
course of the agreement. By providing extensive technology
consultation and support, FNRES is helping to ensure that RE/MAX
Greater Atlanta is utilizing the best combination of process and
technology strategies to strengthen the performance of its current
operations and accommodate future needs. As part of this effort,
FNRES has assisted with several technology improvements, which
include the revamp of RE/MAX Greater Atlanta's accounting systems,
resulting in a 99.99% availability and a fourfold increase of
system performance. In addition, FNRES implemented its complete
BrokerOffice(TM) Suite, which includes broker-branded Web site,
individual agent Web sites and Management Center(TM), the company's
proprietary lead management system. Collectively these applications
facilitate traffic and lead management within RE/MAX Greater
Atlanta's system. FNRES also overhauled the brokerage's existing
decentralized office network and created a secure corporate
network. Additionally, FNRES consolidated RE/MAX Greater Atlanta's
branch and server architecture into a single data facility,
creating a safe, secure and recoverable back office environment.
Furthermore, FNRES installed a centralized backup and recovery
system for all key systems, enabling all important data to now be
backed up with off-site copies. As a result of the enterprise
agreement, RE/MAX Greater Atlanta can rely on FNRES as its
single-source solution for a wide variety of products and services,
eliminating the need to manage multiple providers. To facilitate
this relationship, FNRES has implemented a single point of contact
help desk for all of RE/MAX Greater Atlanta's technology needs,
simplifying the support system and reducing the time to gain
assistance significantly. "Implementing an integrated enterprise
technology solution is much more challenging than offering
individual technology solutions; however, it is well worth the
effort," said Fidelity National Real Estate Solutions EVP and Group
Manager Scott Hoen. "The cost savings resulting from increased
performance efficiencies are already making a significant positive
impact for RE/MAX Greater Atlanta and the resulting benefits will
continue to increase as we move forward." This enterprise agreement
has also enabled RE/MAX Greater Atlanta to reduce its operational
expenses by leveraging Fidelity's National Financial's buying power
to acquire products and services at volume-discounted prices.
Currently, the resultant savings for the brokerage is averaging
around 15% monthly. "Fidelity National Real Estate Solutions' wide
range of technology offerings and proven real estate industry
expertise combined with a strong customer-centric approach make
them the ideal partner for our company," said Scott Lockhart, Chief
Technology Officer of RE/MAX Greater Atlanta. "We look forward to
delving into the full range of possibilities associated with this
partnership and expect excellent results." "Fidelity National Real
Estate Solutions' primary goal is to leverage our technology
solutions and extensive industry knowledge to increase revenue and
bottom line savings for real estate professionals," said FNRES Sr.
Vice President David Camp. "We welcome this opportunity to team up
with RE/MAX Greater Atlanta to ensure they have unparalleled
solutions for continued success." For more information about FNRES
enterprise solutions, please contact Lin Little at 800-996-6547.
About Fidelity National Financial 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/. About
RE/MAX Greater Atlanta RE/MAX Greater Atlanta, with 12 real estate
offices and over 1100 agents, is the number one real estate company
in the Atlanta market in number of Atlanta homes sold, in number of
company listings sold, and in total sales volume for 2004. More
information about RE/MAX Greater Atlanta can be found at
http://www.atlantarealestate.net/. 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 Darcy Patch, Senior Vice
President of Marketing, Office of the Enterprise, +1-949-477-1173,
, both of Fidelity National Financial, Inc. Web site:
http://www.fnf.com/ http://www.fidelityinfoservices.com/
http://www.atlantarealestate.net/
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