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LPS CEO Resigns Due to Health Concerns

JACKSONVILLE, Fla. July 6, 2011 Jeffrey S. Carbiener

Lee A. Kennedy

"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

SOURCE Lender Processing Services, Inc.

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