Fidelity National Information Services' Hansen Quality Division Introduces Valuation Solution With Current Aerial Inspection

JACKSONVILLE, Fla., June 16 /PRNewswire-FirstCall/ -- Fidelity National Information Services' Hansen Quality, a division of Fidelity National Financial, Inc. and a premier provider of collateral valuation and appraisal review products, announced today the launch of its Desktop Valuation with Inspection (DVI) offering, an advanced valuation solution combining current aerial photographs of a subject property with comparable sales and subject property information. The DVI offering also incorporates Hansen Quality's rules-based valuation model and a licensed appraiser review to provide an industry-leading valuation report that is ideal for use throughout the mortgage process.

When a client requests a DVI report, Hansen Quality arranges for a helicopter to take multiple photographs of the specified subject property and its surrounding area. A minimum of three detailed photos are electronically routed back to Hansen Quality, including a close-up of the subject property, the subject's street scene and the subject's general neighborhood. These images are combined into an interactive photograph with zoom capabilities, revealing the current condition of the subject property and any external influences in its surroundings. A licensed appraiser reviews this interactive photograph along with a subject plat map and street map to complete the necessary subject property information.

Additionally, the licensed appraiser researches comparable market data from a variety of public data sources. The most appropriate comparable sales are then selected and entered into the DVI valuation model, along with information gathered from the aerial inspection, and a subject property value is automatically calculated. This value and all other subject information undergo a final licensed appraiser review, completing the DVI report. The report findings, along with the interactive subject photograph, are then delivered to the client in a standardized electronic format.

Even with the time involved in obtaining current property photographs, the turnaround time for the DVI report is similar to that of a Broker Price Opinion (BPO), making it a viable alternative for use during the origination and servicing stages of the mortgage process, or within the secondary market. Hansen Quality currently offers DVI in Southern California with plans to extend its availability to 25 Metropolitan Statistical Areas (MSAs) over the next 12-18 months.

"For decades Hansen Quality has been a leader in providing valuation and collateral risk products," said Greg Hansen, President of Hansen Quality. "When designing the new DVI solution, our goal was to continue this level of innovation by redefining the standard for property valuation," added Hansen. "With DVI, we feel we have been incredibly successful in utilizing all of our available resources to provide the industry with the most detailed valuation report available."

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 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 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.