1. Lender Processing Services
June 2008

2. Forward-Looking Statements
This presentation will contain forward-looking statements that involve a number of risks and uncertainties.
Statements that are not historical facts, including statements about our beliefs and expectations, are forward-
looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions
made by, and information currently available to, management. Because such statements are based on
expectations as to future economic performance and are not statements of fact, actual results may differ
materially from those projected. We undertake no obligation to update any forward-looking statements, whether
as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: general political, economic, and business conditions,
including the possibility of intensified international hostilities, acts of terrorism, and general volatility in capital
markets; failures to adapt our services to changes in technology or in the marketplace; consolidation in the
mortgage lending or banking industry; security breaches of our systems and computer viruses affecting our
software; a decrease in the volume of real estate transactions such as real estate sales and mortgage
refinancings, which can be caused by high or increasing interest rates, a shortage of mortgage funding, or a
weak United States economy; the impact of competitive services and pricing; the ability to identify suitable
acquisition candidates and the ability to finance such acquisitions, which depends upon the availability of
adequate cash reserves from operations or of acceptable financing terms and the variability of our stock price;
our ability to integrate any acquired business’ operations, services, customers, personnel; the effect of our
substantial leverage, which may limit the funds available to make acquisitions and invest in our business;
changes in, or the failure to comply with, government regulations, including regulatory changes or reform related
to RESPA, appraisal practices and privacy obligations; and other risks detailed in the Risk Factor section in the
Form 10.
2

3. Agenda
• Transaction Overview
• LPS Overview
• Business Review
• Financial Review
• Summary
3

4. Transaction Overview
• FIS and LPS have unique and distinct businesses
– Different customers, markets, management
• Current joint structure may not maximize full potential of both businesses
– limits ability to leverage operations, technology and product development
– leads to internal competition for investments and resources
– hinders strategic flexibility
• Spin-off from FIS creates an independent publicly traded company
– Market leading mortgage processor
– Over 1,000 financial institution clients, including 39 of the 50 largest banks in the US
• Pure play reduces complexity for investors
LPS is Well Positioned to Succeed as a Stand-Alone Public Company
4

5. LPS Overview
Investment Highlights
• One of the largest providers of technology, processing, data and outsourced services to
mortgage lenders
• Leading market positions in technology based solutions:
– #1 U.S. provider of Mortgage Processing Services
– #1 U.S. provider of Centralized Settlement Services
– #1 U.S. provider of Mortgage Default Solutions
• Industry’s most comprehensive range of integrated applications and services
• Deep and long term relationships with nations top lenders
– On average, LPS top 10 customers have been with us for 18 years and utilize
17 of 29 services
• Strong organic growth and Free Cash Flow
• Significant scale with 2007 pro forma revenue and EBITDA of $1,690.6 million and $526.7
million, respectively
Industry Leader with Growing Market Share
5

6. LPS Overview
Evolution of LPS
Lien release – DOCX
Lien release – DOCX
Analytics expertise – AFT
Analytics expertise – AFT
Enhanced flood and tax services
Enhanced flood and tax services
Data delivery at POS technology
Data delivery at POS technology
Automated title decisioning tool – DecisionStream
– DecisionStream
Automated title decisioning tool
– Streamlined Title
– Streamlined Title Web services
Web services
Loan origination platform
Loan origination platform Web-based closing technology
Web-based closing technology
– Empower
– Empower – ClosingStream
– ClosingStream
2001 2002 2003 2004 2005 2006 2007 2008
Electronic delivery of settlement services – ELS
Electronic delivery of settlement services – ELS Comprehensive industry
Comprehensive industry
Automated end-to-end servicing and loan boarding
Automated end-to-end servicing and loan boarding databases – McDash
databases – McDash
– MSP and ELI
– MSP and ELI Process, invoice and
Process, invoice and
Appraisal, property valuation and title and closing – LSI
Appraisal, property valuation and title and closing – LSI imaging management
imaging management
– Mortgage Desktop
– Mortgage Desktop
Acquire
Acquire
Build
Build
Strong Competitive Position & High Barriers to Entry
6

7. LPS Overview
Market Metrics
Originations Foreclosures
(in millions) (in thousands)
Mortgage Volume –
Loans Outstanding
(in millions)
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8. LPS Overview
Growth Drivers
Leveraging
Leveraging Extending Technology
Extending Technology
Comprehensive Solutions
Comprehensive Solutions Leadership Position
Leadership Position
• Drive market share gains • Desktop expansion
• Extend product penetration • DecisionStream and ClosingStream
• Expand usage • RealEC
Expanding Current
Expanding Current Pursuing Selected
Pursuing Selected
Service Offerings
Service Offerings Acquisitions
Acquisitions
• Capital markets • Watterson Prime
• Data and analytics • Applied Financial Technology
• Fraud solutions • McDash
Focused on Strong Profitable Growth
8

9. LPS Overview
Financial Performance
Revenue Growth EBITDA Growth
Strong, consistent revenue and EBITDA growth
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10. LPS Overview
Organization
10

11. Business Review
Revenue: $1,690.6mm EBITDA: $526.7mm
Technology, Data and Analytics
Loan Transaction Services
34%
47%
53%
66%
TD&A segment overview LTS segment overview
• Mortgage processing services – automates all areas • Loan facilitation services – Settlement services
including loan setup, ongoing processing, servicing, including title agency and closing services, traditional
accounting and reporting appraisal and appraisal management services, and other
• Desktop System – workflow information system used origination services such as real estate tax services and
primarily in connection with default management flood zone information
• Other software applications – includes mortgage • Default management services – property preservation
origination, real estate, and title insurance software services, foreclosure services, and real estate owned
• Data and analytics businesses – includes alternative (REO) services
property valuations, property records business and
advanced analytic services
11

12. Business Review
End-to-End Mortgage Process
Origination
Lead Management
Lead Management Loan
Loan Loan
Loan Loan
Loan
Loan Sales
Loan Sales Processing
Processing Underwriting
Underwriting Closing
Closing
Servicing
Quality Control
Quality Control Customer
Customer Cash
Cash Escrow
Escrow
Loan Boarding
Loan Boarding Service
Service Management
Management Management
Management
Sale
Refinance
Default
Collections
Collections REO
REO
Foreclosure
Foreclosure Bankruptcy
Bankruptcy
Loss Mitigation
Loss Mitigation Management
Management
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13. Business Review
Balanced Business Model
Cyclical Non-Cyclical Counter Cyclical
Default
Default
Origination
Origination
Services
Services
Services
Services
Technology, Data and Analytics
Field Services
Field Services
Property Valuation
Property Valuation
Foreclosure/
Foreclosure/
Title
Title
Bankruptcy
Bankruptcy
Closing Services
Closing Services
REO Management
REO Management
Title
Title
Mortgage Servicing Platform
Loan Origination Software
Process, Invoice and Imaging Management
Property / Loan Data and Analytics
LPS business mix results in balanced revenue stream across
volatile mortgage markets.
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14. Business Review
Highly Diversified Revenue
FY2005 Revenue Mix FY2007 Revenue Mix
Default Services Mortgage Processing
Default Services Mortgage Processing
16.1% 23.3% 27.9% 20.0%
13.6% Other TD&A
15.7%
44.9% 38.5%
Other TD&A
Loan Facilitation Services Loan Facilitation Services
Revenue: $1,382.5 million Revenue: $1,690.6 million
EBITDA: $ 430.6 million EBITDA: $ 526.7 million
EBITDA Margin: 31.1% EBITDA Margin: 31.2%
Segment EBITDA margin Segment EBITDA margin
Technology, Data & Analytics 44.3% Technology, Data & Analytics 45.7%
Loan Transaction Services 29.7% Loan Transaction Services 26.1%
Strong revenue growth, robust margins
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15. Business Review
Competitive Landscape – Data and Services
First Credit
LPS American
LandAM Fiserv
Bureaus
Tax Data
Flood Services
Appraisal/Property Valuation
Title and Closing Services
Lien Release
AVM
Field Services
REO
Data Services
Title Underwriting
Default Management Outsource
Portfolio Analytics/ Due Diligence
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16. Business Review
Competitive Landscape – Technology
First Credit
LPS American
LandAM Fiserv
Bureaus
Loan Origination Technology
Automated End-to-End Loan Process
Web-Based Closing Solution
Data Delivery at Point of Sale
Automated Title Decisioning Tool
Electronic Delivery Technology
Automated Order, Track and Delivery
Mortgage Servicing Technology
Automated End-to-End Servicing
Electronic Loan Boarding
Web Services
Default Management Technology
Automated End-to-End Servicing
Process Invoice and Imaging Management
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17. Business Review
Key client relationships
Revenue ($)
$692mm • No single customer
2007 accounted for more than
$554mm 10% of FY2007 revenue
2006 • Average length of
$463mm relationship is 18 years
Depth
2005
• Average number of LPS
services utilized is 17
100 138 170 # of services
Breadth
Wilbur
Bank of Barclays/ JPMorgan JPMorgan Ross/ Washington Wells
America HomEq
CitiGroup Countrywide
Chase Chase/
HSBC
Option Mutual Fargo TOTAL
EMC One
YE 2007
Total LPS Services 23 13 15 16 15 16 19 16 19 18 170
(Out of 29)
YE 2006
Total LPS Services 23 10 8 10 10 8 18 16 18 17 138
(Out of 29)
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18. Business Review
Market Size*
TD && A
TD A Loan Facilitation
Loan Facilitation Default
Default
19% 25% 17%
81% 75% 83%
Total Market = $2.2B Total Market = $2.4B Total Market = $2.7B
LPS Market Share
Attractive growth opportunities in all areas
* 2007 data; Source: company and industry estimates
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19. Business Review
Favorable Market Dynamics
Centralized Lending Increased Market Share
• Large banks are gaining market share • Trend to centralize and outsource
• Increased direct lending versus wholesale operations
and correspondent channels • Drives higher volumes to LPS
Flight to Quality Streamlined Product Solutions
• Changing credit market conditions are • Good fit for automated solutions
driving lenders to focus on higher quality in a centralized environment
borrowers • Valuations, Streamlined Title,
• More stringent underwriting controls Web-based closings
• Increased demand for better tools to mitigate • Development of predictive models and
long-term risk indicators of future loan performance
Need to Reduce Internal Costs Low-Cost Provider
• Focus on reducing servicing costs • Scale
• Increase efficiency through technology • Domain expertise
and integrated solutions • Integrated data, technology and
services (MSP and Desktop)
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20. Financial Review
Technology, Data & Analytics
Segment Overview Revenue Drivers
• Mortgage processing services – • Mortgage processing services – Typically
automates all areas of loan servicing, fee per month per loan on file. Recurring
including loan setup and ongoing revenue, long-term contracts, high switching
processing, customer service, accounting costs.
and reporting.
• Desktop System – workflow information • Desktop System – Activity fees per
system that assists customers in managing foreclosure. To be expanded to other
business processes and connectivity used mortgage servicing business processes.
primarily in connection with default High switching costs; clients typically use
management. LPS exclusively.
• Other software applications – include • Other software applications – License,
mortgage origination, real estate, and title maintenance and professional service fees.
insurance software.
• Data and analytics businesses – includes • Data and analytics businesses –
alternative property valuations, property Transaction, activity and subscription fees.
records business and advanced analytic
services, which assists customers in their
loan marketing or loss mitigation efforts.
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21. Financial Review
Technology, Data & Analytics
Historical Revenue Historical EBITDA
($MM)
($MM)
$570
$525 $547
Mortgage Processing Other TD&A
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22. Financial Review
Loan Transaction Services
Segment Overview Revenue Drivers
Loan facilitation services: Loan facilitation services:
• Settlement services – title agency and • Transaction driven
closing services • Origination services paid by lender and
• Appraisal services – traditional appraisal ultimately, primarily borne by customer
and appraisal management services
• Other origination services – real estate
tax services and flood zone information
Default management services: Default management services:
• Property preservation services – designed • Transaction driven
to preserve value of properties securing • Various services related to defaulted and
defaulted loans foreclosed properties, paid by lender
• Foreclosure services – includes access or vendor
to a nationwide network of independent
attorneys, document preparation and
recording and other services
• REO services – covering real estate to
which our customers take title and seek
to sell following default
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23. Financial Review
Loan Transaction Services
Historical Revenue Historical EBITDA
($MM)
($MM)
$1,126
$901
$820
Loan Facilitation Services Default Services
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24. Financial Review
Key Statistics
Revenue ($ millions) EBITDA ($ millions)
$1,690.6
$1,382.5 $1,485.0
2005 2006 2007
Free cash flow* ($ millions) Capital expenditures ($ millions)
$271.7
$212.4
$180.3
2005 2006 2007
* Net income plus depreciation and amortization less capital expenditures and
changes in working capital and other assets & liabilities. As presented in Form 10;
includes pro-forma after-tax interest expense of $55.8 million in 2007.
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25. Financial Review
Historical pro forma quarterly data
Revenue ($ millions)
2006 2007 2008
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26. Financial Review
2008 Adjusted Guidance
2007 2008
(amounts in millions except per share data) Carveout Guidance (1)
Revenue $1,690.6 7% – 9%
EBIT 424.1 6% – 8%
Net Earnings per Diluted Share $2.06 $2.10 – $2.22
Adjusted Earnings per Diluted Share $2.32 $2.34 – $2.46
Free Cashflow $156.6 $193 – $228
Diluted Shares (2) 97.7 97.0
Capital Expenditures $70.6 $65 – $75
Depreciation & Amortization $102.6 $95
Solid start as a stand-alone public company
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27. Financial Review
Long Term Outlook
• Grow revenue 6–9% annually 2009–2011
• Expand operating margin on average by 50 bps per year
• Target $400–$500 million in debt reduction through 2011
• Indicated dividend of 40 cents/share
• Repurchase shares opportunistically
• Selectively pursue acquisitions
Grow EPS by 12–15% annually 2009–2011
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28. Summary
• Leading market positions in:
– Technology, Data and Analytics
– Loan Transaction Services
• Revenue growth faster than market
• Expanding margins
• Attractive dividend
• Strong free cash flow
Focused on delivering above average returns to shareholders
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29. Appendix

30. GAAP to Non-GAAP
Reconciliations
A. EBITDA
Consolidated TD&A LTS
Full Year Full Year Full Year Full Year Full Year Full Year Full Year Full Year Full Year
2007 2006 2005 2007 2006 2005 2007 2006 2005
Operating Income 424,062 327,520 317,925 191,629 179,533 162,142 265,573 206,356 210,798
Depreciation and Amortization 102,607 111,858 112,648 68,720 69,581 70,545 28,752 32,177 33,030
EBITDA 526,669 439,378 430,573 260,349 249,114 232,687 294,325 238,533 243,828
B. FREE CASH FLOW
Consolidated
Full Year Full Year Full Year
2007 2006 2005
Net Income 256,805 201,055 195,705
Add: Depreciation and Amortization 102,607 111,858 112,648
Less: Capital Expenditures (70,552) (70,248) (92,458)
(Decrease) Increase in Working
Capital (76,418) 29,037 (35,561)
Free Cash Flow 212,442 271,702 180,334