Fidelity National Title Group Announces Strategic Partnership With NextAce to Produce Title Reports in As Little as One Hour

May 10, 2006, 01:00 ET from Fidelity National Title Group, Inc.

    JACKSONVILLE, Fla., May 10 /PRNewswire-FirstCall/ -- Fidelity National
 Title Group, Inc. (NYSE:   FNT), the nation's largest title insurance company
 and a majority-owned, publicly traded subsidiary of Fidelity National
 Financial, Inc. (NYSE:   FNF), today announced a strategic partnership with
 automated title software and service provider NextAce(SM) to significantly
 improve delivery speed of title reports.
     With NextAce's Title EDGE(SM) "software as a service" (SaaS) offering,
 FNT's five leading title insurance underwriters -- Fidelity National Title,
 Chicago Title, Ticor Title, Security Union Title and Alamo Title -- will be
 able to reduce the time to deliver a title report from approximately 48
 hours to as little as one hour.
     "By automating the title process, Title EDGE offers a powerful
 technology solution that will significantly enhance our ability to create
 new levels of speed and efficiency in the title process," said Randy Quirk,
 FNT's Chief Executive Officer.
     Title insurance protects lenders and anyone purchasing or refinancing
 property against any known or unknown title defects. Lenders need quick,
 efficient searches of property titles provided through a preliminary title
 report or commitment to reach loan decisions. Through software automation
 and smart market partnerships with lenders, escrow companies and title
 branches, NextAce is able to reduce the production time and cost associated
 with preliminary title reports and commitments by eliminating hours of
 manual labor and reducing overhead costs for every order processed through
 Title EDGE. As a result, the closing process becomes faster, simpler and
 more cost-efficient.
     "We are honored to be a strategic partner with the industry's largest
 title insurance company," said NextAce CEO Don Cantral. "With Title EDGE,
 Fidelity National Title Group and its customers are assured improved order
 turn times, lower costs and greater accuracy. Fidelity National Title
 Group's adoption of this software service is a strong indicator of the
 significant impact automation is having on the title industry."
     About Fidelity National Title Group, Inc.
     Fidelity National Title Group, Inc. (NYSE:   FNT) is the nation's largest
 title insurance company. The Company's title insurance underwriters --
 Fidelity National Title, Chicago Title, Ticor Title, Security Union Title
 and Alamo Title -- issue approximately 31 percent of all title insurance
 policies in the United States. Through its direct operations and agencies,
 the Company provides title insurance in 49 states, the District of
 Columbia, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and Canada. In
 2005, FNT also acquired Service Link, a leading provider of title and
 closing services to major financial institutions and lenders, including six
 of the top 10 lending institutions in the United States ranked by loan
 origination volume. More information about Fidelity National Title Group
 can be found at http://www.fntg.com . FNT is a majority-owned subsidiary of
 Fidelity National Financial Inc. (NYSE:   FNF), number 248 on the Fortune 500
 and a provider of products and outsourced services and solutions to a
 variety of industries. More information about FNF can be found at
 http://www.fnf.com .
     This press release contains 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: changes in general economic, business and political
 conditions, including changes in the financial markets; adverse changes in
 the level of real estate activity, which may be caused by, among other
 things, high or increasing interest rates, a limited supply of mortgage
 funding or a weak U.S. economy; compliance with extensive regulations;
 regulatory investigations of the title insurance industry; our business
 concentration in the State of California, the source of over 20% of our
 title insurance premiums; our dependence on distributions from our title
 insurance underwriters as our main source of cash flow; competition from
 other title insurance companies; FNF's need to maintain more than 80%
 ownership of our common stock for various tax purposes; and other risks
 detailed in the "Statement Regarding Forward-Looking Information," "Risk
 Factors" and other sections of the Company's Form 10-K and other filings
 with the Securities and Exchange Commission.
     About NextAce
     NextAce(SM) is a privately held technology company that provides
 software and services primarily to the title insurance and mortgage lender
 industries. Recently awarded the 2006 Pasadena Entretec
 PricewaterhouseCooopers Entrepreneurship Award for entrepreneurial vigor
 and business achievements, the company's Title EDGE(SM) process was
 established in 2003 to assist title companies in streamlining the
 production of preliminary reports and commitments. Title EDGE is currently
 used by title companies servicing 38 California counties and counties in
 five other states, including: Arizona, Florida, New York, Texas, and
 Washington. Additional information on NextAce can be found at
 http://www.nextace.com .
 
 

SOURCE Fidelity National Title Group, Inc.