FNF Fidelity National Financial Inc

U.S. Bank Signs Contract Renewal For Fidelity's Mortgage Servicing Package System To Support Planned Portfolio Growth JACKSONVILLE, Fla., Dec. 17 /PRNewswire-FirstCall/ -- Fidelity Information Services (Fidelity), a division of Fidelity National Financial , announced today that it has renewed its agreement to provide U.S. Bank Home Mortgage, a division of U.S. Bank and the nation's 16th largest mortgage servicer, with software and services to support the bank's portfolio of more than 475,000 mortgage loans. Additionally, U.S. Bank Home Mortgage plans to transfer the loan portfolio of its recently acquired The Leader Mortgage Company, one of the nation's largest Housing Finance Agency servicers, to Fidelity's Mortgage Servicing Package (MSP) system by the second quarter of 2004. "Fidelity is a model business partner for us," said Robert J. Smiley, senior vice president, U.S. Bank Home Mortgage. "They understand our business and have worked with us to help us maximize efficiency to achieve and maintain a low cost of servicing. Additionally, we have aggressive goals to grow our portfolio, as exemplified by The Leader Mortgage acquisition, and we are confident Fidelity will successfully support our growth." Smiley is an active member of the Fidelity Mortgage Advisory Board, which helps set the strategic objectives for Fidelity's product development initiatives. As part of this renewal, and after The Leader Mortgage Company loans are transferred to Fidelity's system, U.S. Bank Home Mortgage will use MSP to service their entire mortgage loan portfolio, which is currently valued at more than $60 billion. "As a leader in the mortgage servicing industry, U.S. Home Mortgage works closely with us to ensure they are deriving the best value from our system," said Hugh Harris, president of Fidelity Information Services' mortgage division. "We appreciate the opportunity to work with them as a business partner and look forward to the value and benefits they will derive from the multimillion dollar enhancements we are making in our infrastructure." Minneapolis-based U.S. Bancorp (NYSE:USB), with assets in excess of $189 billion, is the 8th largest financial services holding company in the United States. The company operates 2,201 banking offices and 4,506 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is home of the Five Star Service Guarantee which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the Web at usbank.com. Fidelity National Financial, Inc., number 326 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. The Company had total revenue of $5.7 billion and earned more than $665 million in the first nine months of 2003, with cash flow from operations of nearly $984 million for that same period. FNF is one of the world's largest providers of information-based technology solutions and processing services to financial institutions and the mortgage and financial services industries through its subsidiary Fidelity Information Services, Inc. Fidelity Information Services processes nearly 50 percent of all U.S. residential mortgages, with balances exceeding $2.5 trillion, has processing and technology relationships with 46 of the top 50 U.S. banks and has clients in more than 50 countries who rely on its processing and outsourcing products and services. Additionally, FNF is the nation's largest title insurance company and also provides other real estate- related services such as escrow, flood and tax certifications with life of loan monitoring, merged credit reporting, property valuations and appraisals, default management, relocation services, flood, homeowners and home warranty insurance, exchange intermediary services, mortgage loan aggregation and fulfillment, multiple listing services software, mortgage loan origination software, collateral scoring analytics and real property data. 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 ; or Michelle Kersch, Corporate Communications, Fidelity Information Services, Inc., +1-904-854-5043, or Web site: http://www.fnf.com/

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