Black Knight InfoServ 8-K Results of Operations and Financial Condition

Exhibit 99.1

Press Release

Investors:	Media:
Parag Bhansali	Michelle Kersch
(904) 854-8640	(904) 854-5043

Lender Processing Services, Inc. Reports Record Second Quarter Earnings
Year-over-year revenues increase 35.3%
Adjusted EPS of 83 cents per diluted share

     JACKSONVILLE, Fla. — July 29, 2009 — Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today reported consolidated revenues of $613.2 million for the second quarter of 2009, an increase of 35.3% compared to the second quarter of 2008, and net earnings of $75.2 million or 78 cents per diluted share.

     Pro forma adjusted net earnings for the second quarter of 2009 were $79.8 million, or 83 cents per share, compared to $57.8 million, or 61 cents per share, in the second quarter of 2008. Pro forma adjusted net earnings in the current quarter include $2.6 million in after-tax incremental public company costs incurred as a result of LPS being spun-off on July 2, 2008. Also, these results include an adjustment for purchase amortization of 5 cents per share for the second quarter of 2009 while adjustments for the prior year quarter included pro forma interest expense of 15 cents per share, purchase amortization of 6 cents per share and excluded certain non-recurring charges that accounted for 3 cents per share.

     “LPS had a very strong second quarter despite a challenging macroeconomic environment. LPS, with its comprehensive end-to-end solutions for the mortgage and real estate industries, remains well positioned for an outstanding year in 2009 and to continue to grow profitably in 2010 and beyond,” said Lee A. Kennedy, Chairman of LPS. “Second quarter earnings were very solid across all our businesses. Our Default Services business continued to deliver strong results while our Loan Facilitation Services benefitted from the improved origination environment. Also, our Mortgage Processing and other technology businesses had an excellent quarter,” added Jeff Carbiener, President and CEO of LPS.

     Operating income was $143.7 million in the quarter compared to $101.3 million in the second quarter of 2008. Adjusting for certain non-recurring charges in the second quarter of 2008, operating income increased 35.9% year-over-year.

     Pro forma adjusted free cash flow (net cash provided by operating activities including the pro forma interest expense noted earlier, minus additions to property and equipment and capitalized software) for the first half of 2009 of $160.2 million compared to $86.7 million for the first half of 2008.

Technology, Data and Analytics

     Revenues for the segment were $171.9 million compared to $141.7 million in the second quarter of 2008 while operating income of $55.1 million compared to adjusted operating income of $45.1 million in the prior year quarter. Mortgage Processing revenues of $89.6 million were 9.1% above the second quarter of 2008, primarily due to higher activity based fees. Other TD&A revenues increased by 37.9% to $82.3 million compared to the prior year quarter, mainly due to strong growth in Data and Analytics services, our Desktop application, and the impact of the FNRES acquisition completed in the first quarter of 2009. Excluding the impact of FNRES, Other TD&A revenues were up a strong 20.8%. Overall operating income for the segment was higher primarily due to higher contributions from Data & Analytics and higher activity based fees.

Loan Transaction Services

     Revenues for the segment increased by 42.1% to $448.0 million compared to the second quarter of 2008 while operating income of $109.6 million compared to adjusted operating income of $72.5 million in the prior year period. Loan Facilitation Services revenues of $148.5 million were up 25.8% compared to the same period last year, mainly due to higher settlement services and increased appraisal volumes. Default Services revenues of $299.5 million increased 51.9% over the second quarter of 2008, primarily due to ongoing strength in the default market and our ability to continue to gain market share. Overall operating income for the segment grew due to higher income in loan origination related offerings, like settlement services, and across all major services in Default.

Other Items

     Net corporate expenses were $21.0 million compared to net adjusted corporate expenses of $11.8 million in the second quarter of 2008 and were higher primarily due to the incremental public company costs and higher incentive compensation expenses in the current quarter.

Outlook

“Second quarter and first half 2009 results were very solid and while some of our markets and the broader economy in general pose challenges, LPS with its market leading presence is well positioned for a strong second half in 2009 and to continue to grow revenue and earnings in 2010,” said Jeff Carbiener. “Building on the strong first half of the year, we expect third quarter adjusted earnings to be in the range of $0.72-$0.78 per diluted share. For full year 2009, we now expect revenues to grow 20%-22% compared to 2008 and adjusted earnings to be in the $2.91-$3.01 per diluted share range.”

Use of Non-GAAP Financial Information

     LPS reports several non-GAAP measures, including pro forma adjusted net earnings and pro forma adjusted free cash flow. The adjusted results exclude acquisition related amortization costs and include pro forma debt related interest expenses. Non-GAAP measures should be considered in conjunction with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. A reconciliation of these non-GAAP measures to related GAAP measures is included in the attachments to this release.

Conference Call and Webcast

     LPS will host a conference call to discuss these results on Thursday, July 30, 2009, at 8:00 a.m. Eastern time. Interested parties are invited to listen to the live webcast by logging on to the Investor Relations section atwww.lpsvcs.com. Supplemental materials will be available on the website. Those wishing to participate via the conference call may do so by calling 866-823-5035. A replay of the webcast will be available on the website shortly after the call where it will be archived for one month. A replay of the conference call will be available through August 6, 2009 by dialing 888-203-1112 (access code: 4385628).

     To access a printer friendly version of this release and accompanying exhibits, go to http://www.lpsvcs.com/investor.

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, workflow automation (Desktop),

servicing, portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 55 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). In fact, many of the nation’s top servicers rely on MSP, including eight of the top 10 and 14 of the top 20. 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: changes in general economic, business and political conditions, including changes in the financial markets; the effects of our substantial leverage on our ability to make acquisitions and invest in our business; the elimination of existing and potential customers as a result of failures and consolidations in the banking and financial services industries; changes to the laws, rules and regulations that regulate our businesses as a result of the current economic and financial environment; the impact of adverse changes in the level of real estate activity on demand for certain of our services; our ability to adapt our services to changes in technology or the marketplace; risks associated with protecting information security and privacy; the impact of any potential defects, development delays, installation difficulties or system failures on our business and reputation; risks associated with our spin-off from Fidelity National Information Services, Inc., including those relating to our new stand-alone public company status and limitations on our strategic and operating flexibility as a result of the tax-free nature of the spin-off; 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 and other filings with the Securities and Exchange Commission.

###

Exhibit A

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Earnings
(Unaudited)

	Three months ended June 30,						Six months ended June 30,
	2009			2008			2009			2008
	(In thousands)
Processing and services revenues	$	613,171		$	453,347		$	1,142,988		$	896,907
Cost of revenues		404,014			293,464			758,716			581,850
Gross profit		209,157			159,883			384,272			315,057
Selling, general and administrative expenses		65,431			58,570			136,609			113,668
Operating income		143,726			101,313			247,663			201,389
Other income (expense):
Interest income		442			303			966			563
Interest expense		(21,625	)		(38	)		(43,539	)		(56	)
Other expense, net		(13	)		282			(14	)		282
Total other income (expense)		(21,196	)		547			(42,587	)		789
Earnings from continuing operations before income taxes and equity in losses of unconsolidated entity		122,530			101,860			205,076			202,178
Provision for income taxes		46,866			39,522			78,441			78,445
Earnings from continuing operations before equity in losses of unconsolidated entity		75,664			62,338			126,635			123,733
Equity in losses of unconsolidated entity		—			(413	)		(37	)		(2,370	)
Earnings from continuing operations		75,664			61,925			126,598			121,363
Discontinued operation, net of tax		—			2,032			(504	)		4,638
Net earnings		75,664			63,957			126,094			126,001
Noncontrolling minority interest		(424	)		(411	)		(808	)		(723	)
Net earnings attributable to Lender Processing Services, Inc.	$	75,240		$	63,546		$	125,286		$	125,278

Exhibit B

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Unaudited)

	June 30, 2009			December 31, 2008
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	62,243		$	125,966
Trade receivables, net of allowance for doubtful accounts		428,650			344,848
Other receivables		7,143			17,393
Due from affiliates		140			2,713
Prepaid expenses and other current assets		23,395			22,030
Deferred income taxes		40,757			40,757
Total current assets		562,328			553,707
Property and equipment, net of accumulated depreciation		108,705			95,542
Computer software, net of accumulated amortization		169,530			157,539
Other intangible assets, net of accumulated amortization		79,929			83,489
Goodwill		1,130,803			1,091,056
Other non-current assets		112,608			122,300
Total assets	$	2,163,903		$	2,103,633
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	77,649		$	145,101
Trade accounts payable		52,014			31,720
Accrued salaries and benefits		41,661			36,492
Recording and transfer tax liabilities		17,932			14,639
Due to affiliates		1,921			1,573
Other accrued liabilities		159,831			101,612
Deferred revenues		45,970			51,628
Total current liabilities		396,978			382,765
Deferred revenues		46,839			40,343
Deferred income taxes, net		26,733			36,557
Long-term debt, net of current portion		1,330,481			1,402,350
Other non-current liabilities		36,320			39,217
Total liabilities		1,837,351			1,901,232
Equity:
Lender Processing Services, Inc. stockholders’ equity:
Preferred stock $0.0001 par value; 50 million shares authorized, none issued at June 30, 2009 or December 31, 2008		—			—
Common stock $0.0001 par value; 500 million shares authorized, 96.6 million and 95.3 million shares issued at June 30, 2009 and December 31, 2008		10			9
Additional paid-in capital		139,541			111,849
Retained earnings		199,692			93,540
Accumulated other comprehensive loss		(10,809	)		(13,667	)
Treasury stock $0.0001 par value; 469,556 and 19,870 shares at June 30, 2009 and December 31, 2008		(13,942	)		(582	)
Total Lender Processing Services, Inc. stockholders’ equity		314,492			191,149
Noncontrolling minority interest		12,060			11,252
Total equity		326,552			202,401
Total liabilities and equity	$	2,163,903		$	2,103,633

Exhibit C

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)

	Six Months Ended June 30,
	2009			2008
	(In thousands)
Cash flows from operating activities:
Net earnings attributable to Lender Processing Services, Inc.	$	125,286		$	125,278
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		47,579			44,576
Amortization of debt issuance costs		2,645			—
Gain on sale of discontinued operation		(2,574	)		—
Deferred income taxes, net		(651	)		3,968
Stock-based compensation cost		13,302			9,120
Tax benefit associated with equity compensation		(1,356	)		—
Equity in losses of unconsolidated entity		37			2,370
Noncontrolling minority interest		808			723
Changes in assets and liabilities, net of effects of acquisitions:
Trade receivables		(76,919	)		(63,750	)
Other receivables		10,264			(4,348	)
Prepaid expenses and other assets		(11,599	)		4,511
Deferred revenues		(158	)		8,235
Accounts payable and other liabilities		97,606			6,000
Net cash provided by operating activities		204,270			136,683
Cash flows from investing activities:
Additions to property and equipment		(23,201	)		(9,376	)
Additions to capitalized software		(25,206	)		(15,761	)
Acquisition of title plants		(9,395	)		—
Acquisitions, net of cash acquired		(16,403	)		(15,488	)
Proceeds from sale of discontinued operation, net of cash distributed		(32,638	)		—
Net cash used in investing activities		(106,843	)		(40,625	)
Cash flows from financing activities:
Debt service payments		(143,481	)		—
Stock options exercised		109			—
Tax benefit associated with equity compensation		1,356			—
Cash dividends paid		(19,134	)		—
Net distributions to FIS		—			(116,996	)
Net cash used in financing activities		(161,150	)		(116,996	)
Net decrease in cash and cash equivalents		(63,723	)		(20,938	)
Cash and cash equivalents, beginning of period		125,966			39,566
Cash and cash equivalents, end of period	$	62,243		$	18,628
Supplemental disclosures of cash flow information:
Cash paid for interest	$	41,828		$	—
Cash paid for taxes	$	47,862		$	—
Non-cash contribution of stock compensation by FIS	$	—		$	9,120
Non-cash redistribution of assets to FIS	$	434		$	(13,801	)
Non-cash consideration received from sale of discontinued operation	$	40,310		$	—
Non-cash consideration issued in acquisition of business	$	(5,162	)	$	—

Exhibit D

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION — UNAUDITED
(In thousands)

		Six Months ended June 30,
		2009			2008			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
1.	Revenues — Continuing Operations
	Technology, Data and Analytics (TD&A):
	Mortgage Processing	$	180,717		$	162,228		$	89,567		$	91,150		$	88,364		$	83,592		$	82,062		$	80,166
	Other TD&A		151,051			115,340			82,322			68,729			60,754			55,372			59,682			55,658
	Total		331,768			277,568			171,889			159,879			149,118			138,964			141,744			135,824
	Loan Transaction Services:
	Loan Facilitation Services		267,724			260,130			148,510			119,214			83,914			87,629			118,091			142,039
	Default Services		554,843			366,248			299,534			255,309			243,736			241,844			197,223			169,025
	Total		822,567			626,378			448,044			374,523			327,650			329,473			315,314			311,064
	Corporate and Other		(11,347	)		(7,039	)		(6,762	)		(4,585	)		(2,847	)		(1,675	)		(3,711	)		(3,328	)
	Total Revenue	$	1,142,988		$	896,907		$	613,171		$	529,817		$	473,921		$	466,762		$	453,347		$	443,560
	Revenue Growth from Prior Year Period
	Technology, Data and Analytics:
	Mortgage Processing		11.4	%		-2.0	%		9.1	%		13.7	%		-4.9	%		2.9	%		-1.4	%		-2.6	%
	Other TD&A		31.0	%		-3.0	%		37.9	%		23.5	%		14.6	%		-5.5	%		1.5	%		-7.4	%
	Total		19.5	%		-2.4	%		21.3	%		17.7	%		2.2	%		-0.6	%		-0.2	%		-4.6	%
	Loan Transaction Services:
	Loan Facilitation Services		2.9	%		-15.7	%		25.8	%		-16.1	%		-39.6	%		-42.8	%		-28.3	%		-1.3	%
	Default Services		51.5	%		78.2	%		51.9	%		51.0	%		68.3	%		97.1	%		89.7	%		66.5	%
	Total		31.3	%		21.8	%		42.1	%		20.4	%		15.4	%		19.4	%		17.3	%		26.7	%
	Corporate and Other		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
	Total Revenue		27.4	%		12.2	%		35.3	%		19.4	%		11.0	%		13.3	%		10.0	%		14.4	%
2.	Depreciation and Amortization — Continuing Operations
	Depreciation and Amortization	$	29,505		$	24,784		$	15,431		$	14,074		$	13,697		$	12,594		$	11,286		$	13,498
	Purchase Price Amortization		15,487			18,680			7,404			8,083			10,711			10,627			8,980			9,700
	Other Amortization		2,582			1,069			753			1,829			596			579			594			475
	Total Depreciation and Amortization	$	47,574		$	44,533		$	23,588		$	23,986		$	25,004		$	23,800		$	20,860		$	23,673
3.	Stock Compensation Expense (1)
	Stock Compensation Expense, Excluding Acceleration Charges	$	12,503		$	8,982		$	6,459		$	6,044		$	6,603		$	5,790		$	4,295		$	4,687
	Stock Acceleration Expense		799			138			—			799			—			—			138			—
	Total Stock Compensation Expense	$	13,302		$	9,120		$	6,459		$	6,843		$	6,603		$	5,790		$	4,433		$	4,687
4.	EBIT — Discontinued Operations (2)
	Revenue	$	296		$	16,199		$	—		$	296		$	2,204		$	5,916		$	7,033		$	9,166
	Cost of Sales		503		$	3,287			—			503			1,571			1,521			1,499			1,788
	Selling, General and Administrative Expenses		499			5,331			—			499			1,814			1,837			2,212			3,119
	Operating Income		(706	)		7,581			—			(706	)		(1,181	)		2,558			3,322			4,259
	Less Non-recurring Charges:
	Restructuring Costs		—			—			—			—			—			—			—			—
	LPS Spin Related Costs		—			—			—			—			—			—			—			—
	Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—
	EBIT, as adjusted	$	(706	)	$	7,581		$	—		$	(706	)	$	(1,181	)	$	2,558		$	3,322		$	4,259
	Depreciation and Amortization	$	5		$	43		$	—		$	5		$	17		$	19		$	20		$	23

(1)	As the Company does not allocate stock compensation expense to the individual business units, there is no related expense associated with the discontinued operation.
(2)	The business unit included in discontinued operations has historically been reported as a component of Loan Facilitation Services in the Loan Transaction Services reporting segment.

Exhibit E

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL INFORMATION — UNAUDITED
(In thousands, except per share data)

		Six Months ended June 30,
		2009			2008			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
1.	EBIT — Continuing Operations
	Consolidated
	Revenue	$	1,142,988		$	896,907		$	613,171		$	529,817		$	473,921		$	466,762		$	453,347		$	443,560
	Cost of Sales		758,716			581,850			404,014			354,702			294,069			300,560			293,464			288,386
	Selling, General and Administrative Expenses		136,609			113,668			65,431			71,178			58,298			57,909			58,570			55,098
	Operating Income		247,663			201,389			143,726			103,937			121,554			108,293			101,313			100,076
	Less Non-recurring Charges:
	Restructuring Costs		8,186			2,353			—			8,186			—			—			2,353			—
	LPS Spin Related Costs		—			2,963			—			—			—			—			1,960			1,003
	Acceleration of Performance-Based Shares		799			138			—			799			—			—			138			—
	EBIT, as adjusted	$	256,648		$	206,843		$	143,726		$	112,922		$	121,554		$	108,293		$	105,764		$	101,079
	EBIT Margin, as adjusted		22.5	%		23.1	%		23.4	%		21.3	%		25.6	%		23.2	%		23.3	%		22.8	%
	Depreciation and Amortization	$	47,574		$	44,533		$	23,588		$	23,986		$	25,004		$	23,800		$	20,860		$	23,673
	Technology, Data and Analytics
	Revenue	$	331,768		$	277,568		$	171,889		$	159,879		$	149,118		$	138,964		$	141,744		$	135,824
	Cost of Sales		189,392			155,507			98,929			90,463			80,482			73,980			81,397			74,110
	Selling, General and Administrative Expenses		33,890			33,729			17,824			16,066			15,121			15,790			17,471			16,258
	Operating Income		108,486			88,332			55,136			53,350			53,515			49,194			42,876			45,456
	Less Non-recurring Charges:
	Restructuring Costs		—			2,178			—			—			—			—			2,178			—
	LPS Spin Related Costs		—			—			—			—			—			—			—			—
	Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—
	EBIT, as adjusted	$	108,486		$	90,510		$	55,136		$	53,350		$	53,515		$	49,194		$	45,054		$	45,456
	EBIT Margin, as adjusted		32.7	%		32.6	%		32.1	%		33.4	%		35.9	%		35.4	%		31.8	%		33.5	%
	Depreciation and Amortization	$	33,816		$	29,986		$	16,441		$	17,375		$	15,990		$	15,229		$	13,971		$	16,015
	Loan Transaction Services
	Revenue	$	822,567		$	626,378		$	448,044		$	374,523		$	327,650		$	329,473		$	315,314		$	311,064
	Cost of Sales		580,285			433,506			311,349			268,936			217,242			228,283			215,838			217,668
	Selling, General and Administrative Expenses		54,423			52,498			27,064			27,359			26,314			26,487			27,154			25,344
	Operating Income		187,859			140,374			109,631			78,228			84,094			74,703			72,322			68,052
	Less Non-recurring Charges:
	Restructuring Costs		—			163			—			—			—			—			163			—
	LPS Spin Related Costs		—			—			—			—			—			—			—			—
	Acceleration of Performance-Based Shares		—			—			—			—			—			—			—			—
	EBIT, as adjusted	$	187,859		$	140,537		$	109,631		$	78,228		$	84,094		$	74,703		$	72,485		$	68,052
	EBIT Margin, as adjusted		22.8	%		22.4	%		24.5	%		20.9	%		25.7	%		22.7	%		23.0	%		21.9	%
	Depreciation and Amortization	$	9,734		$	11,453		$	5,126		$	4,608		$	7,028		$	6,651		$	5,290		$	6,163
	Corporate and Other
	Revenue	$	(11,347	)	$	(7,039	)	$	(6,762	)	$	(4,585	)	$	(2,847	)	$	(1,675	)	$	(3,711	)	$	(3,328	)
	Cost of Sales		(10,961	)		(7,163	)		(6,264	)		(4,697	)		(3,655	)		(1,703	)		(3,771	)		(3,392	)
	Selling, General and Administrative Expenses		48,296			27,441			20,543			27,753			16,863			15,632			13,945			13,496
	Operating Income		(48,682	)		(27,317	)		(21,041	)		(27,641	)		(16,055	)		(15,604	)		(13,885	)		(13,432	)
	Less Non-recurring Charges:
	Restructuring Costs		8,186			12			—			8,186			—			—			12			—
	LPS Spin Related Costs		—			2,963			—			—			—			—			1,960			1,003
	Acceleration of Performance-Based Shares		799			138			—			799			—			—			138			—
	EBIT, as adjusted	$	(39,697	)	$	(24,204	)	$	(21,041	)	$	(18,656	)	$	(16,055	)	$	(15,604	)	$	(11,775	)	$	(12,429	)
	Depreciation and Amortization	$	4,024		$	3,094		$	2,021		$	2,003		$	1,986		$	1,920		$	1,599		$	1,495
2.	Net Earnings — Reconciliation
	Net Earnings	$	125,286			125,278		$	75,240		$	50,046		$	54,329		$	51,281		$	63,546		$	61,732
	Less Non-recurring Charges:
	Restructuring Costs, net of tax		5,055			1,440			—			5,055			—			—			1,440			—
	LPS Spin Related Costs, net of tax		—			1,814			—			—			—			—			1,200			614
	Acceleration of Performance-Based Shares, net of tax		493			84			—			493			—			—			84			—
	Impact of change in tax rate on non-recurring items		—			—			—			—			(223	)		—			—			—
	Net Earnings, excluding non-recurring items		130,834			128,616			75,240			55,594			54,106			51,281			66,270			62,346
	Pro Forma Interest Expense, net of tax (1)		—			28,131			—			—			—			—			13,951			14,180
	Pro Forma Net Earnings		130,834			100,485			75,240			55,594			54,106			51,281			52,319			48,166
	Purchase Price Amortization, net of tax (2)		9,563			11,432			4,572			4,991			6,815			6,504			5,496			5,936
	Pro Forma Adjusted Net Earnings	$	140,397		$	111,917		$	79,812		$	60,585		$	60,921		$	57,785		$	57,815		$	54,102
	Pro Forma Net Earnings Per Share	$	1.36		$	1.04		$	0.78		$	0.58		$	0.57		$	0.54		$	0.55		$	0.49
	Pro Forma Adjusted Net Earnings Per Share (3)	$	1.47		$	1.16		$	0.83		$	0.64		$	0.64		$	0.61		$	0.61		$	0.55
	Pro Forma Diluted Weighted Average Shares (3)		95,709			96,334			96,133			95,284			95,126			95,223			95,070			97,597

Exhibit E

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL INFORMATION — UNAUDITED
(In thousands, except per share data)

		Six Months ended June 30,
		2009			2008			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
3.	Cashflow — Reconciliation
	Cash Flows from Operating Activities:
	Net Earnings	$	125,286		$	125,278		$	75,240		$	50,046		$	54,329		$	51,281		$	63,546		$	61,732
	Less Non-recurring Charges:
	Restructuring Costs, net of tax		4,304			1,440			—			4,304			—			—			1,440			—
	LPS Spin Related Costs, net of tax		—			1,814			—			—			—			—			1,200			614
	Impact of change in tax rate on non-recurring items		—			—			—			—			(223	)		—			—			—
	Net Earnings, excluding non-recurring items		129,590			128,532			75,240			54,350			54,106			51,281			66,186			62,346
	Pro Forma Interest Expense, net of tax		—			28,131			—			—			—			—			13,951			14,180
	Pro Forma Adjusted Net Earnings		129,590			100,401			75,240			54,350			54,106			51,281			52,235			48,166
	Adjustments to reconcile net earnings to net cash provided by operating activities:
	Non-cash adjustments		59,790			60,757			31,700			28,090			30,081			32,420			18,262			42,495
	Working capital adjustments		19,194			(49,352	)		21,957			(2,763	)		32,158			26,908			(91,474	)		42,122
	Net cash provided by (used in) operating activities		208,574			111,806			128,897			79,677			116,345			110,609			(20,977	)		132,783
	Capital expenditures included in investing activities		(48,407	)		(25,137	)		(25,836	)		(22,571	)		(23,946	)		(13,205	)		(14,344	)		(10,793	)
	Pro Forma Adjusted Net Free Cash Flow	$	160,167		$	86,669		$	103,061		$	57,106		$	92,399		$	97,404		$	(35,321	)	$	121,990

Notes:
(1)	Pro forma interest expense for each of the two quarters in the period ended June 30, 2008 represents the interest expense associated with the $1,610.7 million in debt incurred by us in connection with the spin-off assuming the spin-off occurred on January 1, 2007. Our new bank debt bears interest at a floating rate which we estimate would have been 4.96% on the revolving credit agreement, Term Loan A and Term Loan B based on the one month LIBOR rate on June 30, 2008 (2.46%) plus a spread of 2.5%. Our new senior notes bear interest at a fixed rate of 8.125%. Amortization of capitalized debt issuance costs in connection with the borrowings included in pro forma interest expense total approximately $2.7 million for the six months ended June 30, 2008. These projections also reflect principal paydowns of approximately $36.3 million ($35 million of Term Loan A, $1.3 million of Term Loan B) per quarter under the credit agreement (other than in the first quarter after closing, in which only $1.3 million is payable) and the paydown of the revolver of $25.7 million during the first quarter of 2007.
(2)	Purchase price amortization, net of tax represents the periodic amortization of intangible assets acquired through business acquisitions primarily relating to customer lists, trademarks and non-compete agreements.
(3)	Pro forma earnings per share and pro forma diluted weighted average shares for the quarter ended June 30, 2008 are provided based on the 94,611 shares of Lender Processing Services, Inc. common stock issued to FIS shareholders on the July 2, 2008 spin date along with dilutive common stock equivalents calculated under the treasury stock method using the $33 per share closing price of LPS on July 2, 2008 as the average market price and the number of LPS options and awards issued to our employees per the terms of the spin-off. Pro forma earnings per share and pro forma diluted weighted average shares for all other periods presented above are based on the pro forma diluted shares as included in the Company’s Form 10 filed on June 20, 2008.