GreenPoint Mortgage Renews Contract for Fidelity's Mortgage Servicing Platform

JACKSONVILLE, Fla., May 16 /PRNewswire-FirstCall/ -- Fidelity Information Services (Fidelity), a division of Fidelity National Financial, Inc. , announced that GreenPoint Mortgage Funding, Inc. renewed its contract for Fidelity's industry-leading mortgage servicing package (MSP). GreenPoint services more than 303,000 mortgage loans and home equity lines of credit (HELOCs) on MSP and intends to convert an additional 25,000 mortgages to MSP this year.

GreenPoint, one of the nation's top 20 mortgage servicers, renewed its contract due to the significant value and reliability that MSP adds to its operations. MSP also gives GreenPoint a single platform for servicing traditional mortgage loans and home equity lines of credit (HELOCs). As GreenPoint continues to grow its HELOC portfolio, it will benefit from the fully enhanced HELOC capabilities embedded in MSP.

"Fidelity's MSP servicing system is one of the keys to our success," said Michael De Francesco, senior vice president of servicing for GreenPoint. "We have used MSP for more than 15 years and are excited to be working closely with Fidelity on its HELOC enhancements. As we continue to grow our mortgage business, we are happy to have Fidelity on our team."

MSP, the industry's leading mortgage servicing software, enables GreenPoint to automate all areas of its loan servicing, including loan setup and maintenance, customer service, cashiering, escrow administration, investor accounting, default management and federal regulatory reporting. Additionally, with MSP, GreenPoint can fully integrate its servicing processes for HELOCs into MSP and benefit from established functionality within MSP to perform investor accounting processes. Plus, since MSP treats HELOCs as collateralized assets, GreenPoint is able to mitigate its overall risk with non-performing loans. Leveraging one system to service traditional mortgages and HELOCs gives GreenPoint a competitive advantage.

More than 50 percent of mortgage lenders use MSP to service their mortgages, as this solution reduces overall servicing costs and promotes increased productivity. GreenPoint also uses Fidelity's graphical, client server, voice response unit, Internet customer service, check creation and data analytics tools.

Fidelity continues to invest in its MSP system to enhance its HELOC capabilities. These enhancements will include providing MSP users with credit card interfacing for HELOC loans and enabling borrowers to use credit cards to access the funds from their HELOC loan. Additionally, lenders will be able to place a hold on the mortgagor's account for a specific amount in anticipation of an advance, providing them with balance protection and fraud prevention.

"Fidelity has had a strong partnership with GreenPoint for many years," said Hugh Harris, president of the Financial Services Technology Solutions division of Fidelity Information Services. "We look forward to working with GreenPoint to meet their business objectives with seamless conversions and enhanced HELOC functionality."

GreenPoint Mortgage Funding, Inc., a national mortgage banking company headquartered in Novato, California, is a leading national lender in residential mortgages, specializing in no-documentation and "Alternative A" mortgage loans. GreenPoint Mortgage is a subsidiary of North Fork Bancorporation, Inc. North Fork Bancorporation, Inc. , headquartered in Melville, New York, is a commercial bank holding company with assets of approximately $55 billion and provides a variety of financial services through its subsidiaries. More information about GreenPoint Mortgage Funding, Inc. and North Fork Bancorporation, Inc. can be found at http://www.northforkbank.com/ .

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.

http://www.fidelityinfoservices.com http://www.NorthForkBank.com