NEWS

WIRES

OTHER

LPS CEO Resigns Due to Health Concerns

JACKSONVILLE, Fla., July 6, 2011 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS) today announced that Jeffrey S. Carbiener is stepping down from his positions as chief executive officer, president and director of the company for significant health-related reasons, effective immediately.

LPS' board of directors has established a committee to search for a replacement. In the interim, Lee A. Kennedy, the executive chairman of the board of LPS and the former chief executive officer of LPS' prior parent company, Fidelity National Information Services, Inc., will serve in the additional roles of president and chief executive officer.

"I am proud of what this company has accomplished since its inception more than three years ago," said Mr. Carbiener. "LPS has clearly established itself as an industry leader and a key strategic partner for our customers, and I believe that LPS is well positioned for future success. Although I would very much like to continue leading our outstanding team, because of recent changes in my health, I have made the decision to resign," he said.

"Jeff has been an outstanding leader for our company during a difficult period in the mortgage industry," said Mr. Kennedy. "The LPS board of directors greatly appreciates the strong vision and business acumen Jeff has demonstrated since the launch of the company three years ago. However, we fully understand, respect and support his decision to resign in light of his health issues. We are fortunate to have a highly experienced and seasoned board and executive management team who I am confident will continue to successfully lead LPS during this transition.

"We want to thank Jeff for all his contributions to our company and wish him a swift return to improved health," Mr. Kennedy concluded.

Mr. Carbiener has agreed to continue to serve in an advisory capacity to Mr. Kennedy and the LPS board of directors.

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology, services and mortgage performance data and analytics, to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop®), portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS' Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

SOURCE Lender Processing Services, Inc.