LPS Names Tom Schilling as CFO

Oct 28, 2010, 16:45 ET from Lender Processing Services, Inc.

JACKSONVILLE, Fla., Oct. 28 /PRNewswire-FirstCall/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, has named Tom Schilling as executive vice president and chief financial officer.

Schilling joins LPS with more than 20 years of experience both as a public company CFO and chief operating officer at companies including USA Mobility, Cincinnati Bell's Broadwing and MCI. He has Bachelor of Science degrees in business administration and accounting from Indiana University. Schilling will be responsible for managing all aspects of the company's finances, as well as select internal operations.

"Tom's business development acumen and extensive financial and operational management experience make him an outstanding choice for our management team as we balance the execution of new growth opportunities with appropriate financial discipline and compliance," said Jeff Carbiener, LPS president and chief executive officer. "I am confident that LPS will benefit from Tom's wealth of experience as we move forward."

Francis Chan, who previously held this position, will serve in a consulting role with LPS and will assist the company with special projects.

"I'd like to thank Francis for his time and effort as CFO since LPS became an independent, publicly traded company," said Carbiener. "His contributions in this role have been very valuable."

Other officers reporting to Carbiener include Dan Scheuble, executive vice president and co-chief operating officer; Eric Swenson, executive vice president and co-chief operating officer; Joe Nackashi, executive vice president and chief information officer; Parag Bhansali, executive vice president of corporate development, including mergers and acquisitions, strategy and investor relations; and Todd Johnson, executive vice president and general counsel.

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services 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.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical facts, including statements about our beliefs and expectations. 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 historical 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 to which forward-looking statements are subject include, but are not limited to: our ability to adapt our services to changes in technology or the marketplace; the impact of adverse changes in the level of real estate activity on demand for certain of our services; our ability to maintain and grow our relationships with our customers; the effects of our substantial leverage on our ability to make acquisitions and invest in our business; changes to the laws, rules and regulations that regulate our businesses as a result of the current economic and financial environment; changes in general economic, business and political conditions, including changes in the financial markets; the impact of any potential defects, development delays, installation difficulties or system failures on our business and reputation; risks associated with protecting information security and privacy; and other risks and uncertainties detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K, the Company's subsequent reports on Form 10-Q and other filings with the Securities and Exchange Commission.

SOURCE Lender Processing Services, Inc.