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 Third Quarter Earnings
Year-over-year revenues increase 32.7%
Adjusted EPS of 83 cents per diluted share

     JACKSONVILLE, Fla. — October 22, 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 $619.4 million for the third quarter of 2009, an increase of 32.7% compared to the third quarter of 2008, and net earnings of $75.5 million or 78 cents per diluted share.

     Adjusted net earnings for the third quarter of 2009 were $80.2 million, or 83 cents per diluted share, compared to $57.8 million, or 61 cents per diluted share, in the third quarter of 2008. Adjusted net earnings in the current quarter include an adjustment for purchase amortization of 5 cents per diluted share while the prior year quarter included a similar adjustment of 7 cents per diluted share.

     “LPS delivered strong results in the third quarter despite an ongoing difficult business environment. LPS with its broad-based, technology-driven end-to-end solutions for the mortgage and real estate industries, remains well positioned for the fourth quarter and to continue to grow profitably in the years ahead,” said Lee A. Kennedy, Executive Chairman of LPS. “All our business segments continued to gain market share in the third quarter. Our

Mortgage Processing and other technology businesses posted solid earnings while our Default Services business continued to deliver very strong results. Also, our Loan Facilitation business benefitted from a stronger year-over-year origination market”, added Jeff Carbiener, President and CEO of LPS.

     Operating income of $143.6 million in the quarter improved 32.6% compared to the third quarter of 2008.

     Year-to-date pro forma adjusted free cash flow (net cash provided by operating activities including pro forma interest expense for the first six months of 2008, minus additions to property and equipment and capitalized software) for 2009 of $231.6 million compared to $184.1 million for the first nine months of 2008.

Technology, Data and Analytics (TD&A)

     Revenues for the segment were $186.3 million compared to $139.0 million in the third quarter of 2008 while operating income of $62.4 million compared to $49.2 million in the prior year quarter. Mortgage Processing revenues of $103.0 million were 23.2% above the third quarter of 2008, primarily due to the conversion of the JPMorgan Chase portfolio on to our mortgage servicing platform. Other TD&A revenues increased by 50.5% to $83.3 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 32.4%. Overall operating income for TD&A was higher primarily due to higher contributions from Mortgage Processing and Data & Analytics.

Loan Transaction Services (LTS)

     Revenues for the segment increased by 33.7% to $440.5 million compared to the third quarter of 2008 while operating income of $101.6 million compared to $74.7 million in the prior year period. Loan Facilitation Services revenues of $136.7 million were up 55.9% compared to

the same period last year, mainly due to higher settlement services and increased appraisal volumes. Default Services revenues of $303.8 million increased 25.6% over the third 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 LTS grew due to higher income in loan origination related offerings, such as settlement services and appraisal, as well as in Default Services.

Corporate and Other

     Net corporate expenses were $20.3 million compared to $15.6 million in the third quarter of 2008 and were higher primarily due to higher incentive compensation expenses in the current quarter driven by the strong operating results.

Outlook

“Third quarter and year-to-date 2009 results were very strong and while the broader macro-economic environment and some of our markets continue to present challenges, LPS with its solid market presence remains well positioned for a strong finish in 2009 and to continue to grow revenue and earnings in 2010,” said Jeff Carbiener. “Building on the robust year-to-date results, we expect fourth quarter adjusted earnings to be in the range of 77-79 cents per diluted share. For full year 2009, we now expect revenues to grow 26%-28% compared to 2008 and adjusted earnings to be in the $3.07-$3.09 per diluted share range.”

Use of Non-GAAP Financial Information

     Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, LPS reports several non-GAAP measures, including pro forma adjusted net earnings, pro forma adjusted net earnings per share and pro forma adjusted free cash flow. LPS provides these

measures because it believes that they are helpful to investors in comparing year-over-year performance in light of our 2008 spin-off from Fidelity National Information Services, Inc., and to better understand our financial performance, competitive position and future prospects. 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 Friday, October 23, 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 at www.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 October 30, 2009 by dialing 888-203-1112 (access code: 6402161).

     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 50 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: our ability to adapt our services to changes in technology or the marketplace; the elimination of existing and potential customers as a result of failures and consolidations in the banking and financial services industries; the impact of adverse changes in the level of real estate activity on demand for certain of our services; 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; 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, the Company’s subsequent reports on Form 10-Q 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 September 30,						Nine Months Ended September 30,
	2009			2008			2009			2008
	(In thousands, except per share data)
Processing and services revenues	$	619,427		$	466,762		$	1,762,415		$	1,363,669
Cost of revenues		409,113			300,560			1,167,829			882,410
Gross profit		210,314			166,202			594,586			481,259
Selling, general and administrative expenses		66,671			57,909			203,280			171,577
Operating income		143,643			108,293			391,306			309,682
Other income (expense):
Interest income		283			476			1,249			1,039
Interest expense		(21,195	)		(24,565	)		(64,734	)		(24,621	)
Other expense, net		(203	)		(5	)		(217	)		277
Total other income (expense)		(21,115	)		(24,094	)		(63,702	)		(23,305	)
Earnings from continuing operations before income taxes and equity in losses of unconsolidated entity		122,528			84,199			327,604			286,377
Provision for income taxes		46,867			32,669			125,308			111,114
Earnings from continuing operations before equity in losses of unconsolidated entity		75,661			51,530			202,296			175,263
Equity in losses of unconsolidated entity		—			(1,484	)		(37	)		(3,854	)
Earnings from continuing operations		75,661			50,046			202,259			171,409
Discontinued operation, net of tax		—			1,565			(504	)		6,203
Net earnings		75,661			51,611			201,755			177,612
Noncontrolling minority interest		(119	)		(330	)		(927	)		(1,053	)
Net earnings attributable to Lender Processing Services, Inc.	$	75,542		$	51,281		$	200,828		$	176,559

Exhibit B

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

	September 30,			December 31,
	2009			2008
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	64,847		$	125,966
Trade receivables, net of allowance for doubtful accounts		428,373			344,848
Other receivables		4,086			17,393
Due from afflilates		—			2,713
Prepaid expenses and other current assets		24,939			22,030
Deferred income taxes		40,757			40,757
Total current assets		563,002			553,707
Property and equipment, net of accumulated depreciation		103,711			95,542
Computer software, net of accumulated amortization		180,064			157,539
Other intangible assets, net of accumulated amortization		78,656			83,489
Goodwill		1,135,153			1,091,056
Other non-current assets		109,105			122,300
Total assets	$	2,169,691		$	2,103,633
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	77,362		$	145,101
Trade accounts payable		40,857			31,720
Accrued salaries and benefits		51,593			36,492
Recording and transfer tax liabilities		17,446			14,639
Due to affiliates		1,492			1,573
Other accrued liabilities		154,878			101,612
Deferred revenues		49,572			51,628
Total current liabilities		393,200			382,765
Deferred revenues		40,474			40,343
Deferred income taxes, net		30,504			36,557
Long-term debt, net of current portion		1,286,030			1,402,350
Other non-current liabilities		27,926			39,217
Total liabilities		1,778,134			1,901,232
Equity:
Lender Processing Services, Inc. stockholders’ equity:
Preferred stock $0.0001 par value; 50 million shares authorized, none issued at September 30, 2009 or December 31, 2008		—			—
Common stock $0.0001 par value; 500 million shares authorized, 96.8 million and 95.3 million shares issued at September 30, 2009 and December 31, 2008		10			9
Additional paid-in capital		157,103			111,849
Retained earnings		265,645			93,540
Accumulated other comprehensive loss		(9,617	)		(13,667	)
Treasury stock $0.0001 par value; 884,734 and 19,870 shares at September 30, 2009 and December 31, 2008		(27,712	)		(582	)
Total Lender Processing Services, Inc. stockholders’ equity		385,429			191,149
Noncontrolling minority interest		6,128			11,252
Total equity		391,557			202,401
Total liabilities and equity	$	2,169,691		$	2,103,633

Exhibit C

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

	Nine Months Ended September 30,
	2009			2008
	(In thousands)
Cash flows from operating activities:
Net earnings attributable to Lender Processing Services, Inc.	$	200,828		$	176,559
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		72,623			68,395
Amortization of debt issuance costs		3,968			1,509
Gain on sale of discontinued operation		(2,574	)		—
Deferred income taxes, net		(651	)		3,968
Stock-based compensation cost		20,364			14,910
Tax benefit associated with equity compensation		(2,625	)		(512	)
Equity in losses of unconsolidated entity		37			3,854
Noncontrolling minority interest		927			1,053
Changes in assets and liabilities, net of effects of acquisitions:
Trade receivables		(76,642	)		(84,167	)
Other receivables		13,321			(7,612	)
Prepaid expenses and other assets		(7,798	)		4,676
Deferred revenues		(2,922	)		5,342
Accounts payable and other liabilities		76,281			59,317
Net cash provided by operating activities		295,137			247,292
Cash flows from investing activities:
Additions to property and equipment		(24,896	)		(14,657	)
Additions to capitalized software		(42,966	)		(23,685	)
Acquisition of title plants		(14,319	)		—
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		(131,222	)		(53,830	)
Cash flows from financing activities:
Borrowings		—			25,700
Debt service payments		(180,455	)		(61,993	)
Stock options exercised		2,002			1,433
Tax benefit associated with equity compensation		2,625			512
Cash dividends paid		(28,723	)		(9,526	)
Capitalized debt issuance costs		—			(24,882	)
Acquisition of noncontrolling minority interest		(2,600	)		—
Net distributions to FIS		—			(114,855	)
Treasury stock purchases		(9,883	)		—
Bond repurchases		(8,000	)		—
Net cash used in financing activities		(225,034	)		(183,611	)
Net (decrease) increase in cash and cash equivalents		(61,119	)		9,851
Cash and cash equivalents, beginning of period		125,966			39,566
Cash and cash equivalents, end of period	$	64,847		$	49,417
Supplemental disclosures of cash flow information:
Cash paid for interest	$	69,882		$	15,543
Cash paid for taxes	$	107,709		$	720
Non-cash contribution of stock compensation by FIS	$	—		$	9,120
Non-cash redistribution of assets to FIS	$	434		$	(4,537	)
Non-cash consideration received from sale of discontinued operation	$	40,310		$	—
Non-cash consideration issued in acquisition of business	$	(5,162	)	$	—
Non-cash exchange of FIS note	$	—		$	(1,585,000	)

Exhibit D

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

	Nine Months Ended September 30,						Quarter Ended
	2009			2008			9/30/2009			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	$	283,690		$	245,820		$	102,973		$	89,567		$	91,150		$	88,364		$	83,592		$	82,062		$	80,166
Other TD&A		234,364			170,712			83,313			82,322			68,729			60,754			55,372			59,682			55,658
Total		518,054			416,532			186,286			171,889			159,879			149,118			138,964			141,744			135,824
Loan Transaction Services:
Loan Facilitation Services		404,381			347,759			136,657			148,510			119,214			83,914			87,629			118,091			142,039
Default Services		858,666			608,092			303,823			299,534			255,309			243,736			241,844			197,223			169,025
Total		1,263,047			955,851			440,480			448,044			374,523			327,650			329,473			315,314			311,064
Corporate and Other		(18,686	)		(8,714	)		(7,339	)		(6,762	)		(4,585	)		(2,847	)		(1,675	)		(3,711	)		(3,328	)
Total Revenue	$	1,762,415		$	1,363,669		$	619,427		$	613,171		$	529,817		$	473,921		$	466,762		$	453,347		$	443,560
Revenue Growth from Prior Year Period
Technology, Data and Analytics:
Mortgage Processing		15.4	%		-0.4	%		23.2	%		9.1	%		13.7	%		-4.9	%		2.9	%		-1.4	%		-2.6	%
Other TD&A		37.3	%		-3.8	%		50.5	%		37.9	%		23.5	%		14.6	%		-5.5	%		1.5	%		-7.4	%
Total		24.4	%		-1.8	%		34.1	%		21.3	%		17.7	%		2.2	%		-0.6	%		-0.2	%		-4.6	%
Loan Transaction Services:
Loan Facilitation Services		16.3	%		-24.7	%		55.9	%		25.8	%		-16.1	%		-39.6	%		-42.8	%		-28.3	%		-1.3	%
Default Services		41.2	%		85.3	%		25.6	%		51.9	%		51.0	%		68.3	%		97.1	%		89.7	%		66.5	%
Total		32.1	%		21.0	%		33.7	%		42.1	%		20.4	%		15.4	%		19.4	%		17.3	%		26.7	%
Corporate and Other		n/m			n/m			338.1	%		n/m			n/m			n/m			n/m			n/m			n/m
Total Revenue		29.2	%		12.5	%		32.7	%		35.3	%		19.4	%		11.0	%		13.3	%		10.0	%		14.4	%
2. Depreciation and Amortization — Continuing Operations
Depreciation and Amortization	$	45,399		$	37,378		$	15,894		$	15,431		$	14,074		$	13,697		$	12,594		$	11,286		$	13,498
Purchase Price Amortization		23,095			29,307			7,608			7,404			8,083			10,711			10,627			8,980			9,700
Other Amortization		4,124			1,648			1,542			753			1,829			596			579			594			475
Total Depreciation and Amortization	$	72,618		$	68,333		$	25,044		$	23,588		$	23,986		$	25,004		$	23,800		$	20,860		$	23,673
3. Stock Compensation Expense (1)
Stock Compensation Expense, Excluding Acceleration Charges	$	19,565		$	14,772		$	7,062		$	6,459		$	6,044		$	6,603		$	5,790		$	4,295		$	4,687
Stock Acceleration Expense		799			138			—			—			799			—			—			138			—
Total Stock Compensation Expense	$	20,364		$	14,910		$	7,062		$	6,459		$	6,843		$	6,603		$	5,790		$	4,433		$	4,687
4. EBIT — Discontinued Operations (2)
Revenue	$	296		$	22,115		$	—		$	—		$	296		$	2,204		$	5,916		$	7,033		$	9,166
Cost of Sales		503		$	4,808			—			—			503			1,571			1,521			1,499			1,788
Selling, General and Administrative Expenses		499			7,168			—			—			499			1,814			1,837			2,212			3,119
Operating Income		(706	)		10,139			—			—			(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	)	$	10,139		$	—		$	—		$	(706	)	$	(1,181	)	$	2,558		$	3,322		$	4,259
Depreciation and Amortization	$	5		$	62		$	—		$	—		$	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)

	Nine Months Ended September 30,						Quarter Ended
	2009			2008			9/30/2009			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
1. EBIT — Continuing Operations
Consolidated
Revenue	$	1,762,415		$	1,363,669		$	619,427		$	613,171		$	529,817		$	473,921		$	466,762		$	453,347		$	443,560
Cost of Sales		1,167,829			882,410			409,113			404,014			354,702			294,069			300,560			293,464			288,386
Selling, General and Administrative Expenses		203,280			171,577			66,671			65,431			71,178			58,298			57,909			58,570			55,098
Operating Income		391,306			309,682			143,643			143,726			103,937			121,554			108,293			101,313			100,076
Less Non-recurring Charges (1):
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	$	400,291		$	315,136		$	143,643		$	143,726		$	112,922		$	121,554		$	108,293		$	105,764		$	101,079
EBIT Margin, as adjusted		22.7	%		23.1	%		23.2	%		23.4	%		21.3	%		25.6	%		23.2	%		23.3	%		22.8	%
Depreciation and Amortization	$	72,618		$	68,333		$	25,044		$	23,588		$	23,986		$	25,004		$	23,800		$	20,860		$	23,673
Technology, Data and Analytics
Revenue	$	518,054		$	416,532		$	186,286		$	171,889		$	159,879		$	149,118		$	138,964		$	141,744		$	135,824
Cost of Sales		295,043			229,487			105,651			98,929			90,463			80,482			73,980			81,397			74,110
Selling, General and Administrative Expenses		52,146			49,519			18,256			17,824			16,066			15,121			15,790			17,471			16,258
Operating Income		170,865			137,526			62,379			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	$	170,865		$	139,704		$	62,379		$	55,136		$	53,350		$	53,515		$	49,194		$	45,054		$	45,456
EBIT Margin, as adjusted		33.0	%		33.5	%		33.5	%		32.1	%		33.4	%		35.9	%		35.4	%		31.8	%		33.5	%
Depreciation and Amortization	$	51,411		$	45,215		$	17,595		$	16,441		$	17,375		$	15,990		$	15,229		$	13,971		$	16,015
Loan Transaction Services
Revenue	$	1,263,047		$	955,851		$	440,480		$	448,044		$	374,523		$	327,650		$	329,473		$	315,314		$	311,064
Cost of Sales		891,515			661,789			311,230			311,349			268,936			217,242			228,283			215,838			217,668
Selling, General and Administrative Expenses		82,088			78,985			27,665			27,064			27,359			26,314			26,487			27,154			25,344
Operating Income		289,444			215,077			101,585			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	$	289,444		$	215,240		$	101,585		$	109,631		$	78,228		$	84,094		$	74,703		$	72,485		$	68,052
EBIT Margin, as adjusted		22.9	%		22.5	%		23.1	%		24.5	%		20.9	%		25.7	%		22.7	%		23.0	%		21.9	%
Depreciation and Amortization	$	15,029		$	18,104		$	5,295		$	5,126		$	4,608		$	7,028		$	6,651		$	5,290		$	6,163
Corporate and Other
Revenue	$	(18,686	)	$	(8,714	)	$	(7,339	)	$	(6,762	)	$	(4,585	)	$	(2,847	)	$	(1,675	)	$	(3,711	)	$	(3,328	)
Cost of Sales		(18,729	)		(8,866	)		(7,768	)		(6,264	)		(4,697	)		(3,655	)		(1,703	)		(3,771	)		(3,392	)
Selling, General and Administrative Expenses		69,046			43,073			20,750			20,543			27,753			16,863			15,632			13,945			13,496
Operating Income		(69,003	)		(42,921	)		(20,321	)		(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	$	(60,018	)	$	(39,808	)	$	(20,321	)	$	(21,041	)	$	(18,656	)	$	(16,055	)	$	(15,604	)	$	(11,775	)	$	(12,429	)
Depreciation and Amortization	$	6,178		$	5,014		$	2,154		$	2,021		$	2,003		$	1,986		$	1,920		$	1,599		$	1,495

Notes:
(1)	Non-recurring charges reflect the impact of certain expenses incurred including a charge taken in Q1-2009 ($9.0 million) primarily relating to the retirement of three members of LPS’s Board of Directors, as well as the impact of various spin and restructuring related charges taken in Q1 and Q2 of 2008.

Exhibit E - Continued

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

	Nine Months Ended September 30,						Quarter Ended
	2009			2008			9/30/2009			6/30/2009			3/31/2009			12/31/2008			9/30/2008			6/30/2008			3/31/2008
2. Net Earnings — Reconciliation
Net Earnings	$	200,828			176,559		$	75,542		$	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		206,376			179,897			75,542			75,240			55,594			54,106			51,281			66,270			62,346
Pro Forma Interest Expense, net of tax (2)		—			28,131			—			—			—			—			—			13,951			14,180
Pro Forma Net Earnings		206,376			151,766			75,542			75,240			55,594			54,106			51,281			52,319			48,166
Purchase Price Amortization, net of tax (3)		14,261			17,936			4,698			4,572			4,991			6,815			6,504			5,496			5,936
Pro Forma Adjusted Net Earnings	$	220,637		$	169,702		$	80,240		$	79,812		$	60,585		$	60,921		$	57,785		$	57,815		$	54,102
Pro Forma Net Earnings Per Share	$	2.15		$	1.58		$	0.78		$	0.78		$	0.58		$	0.57		$	0.54		$	0.55		$	0.49
Pro Forma Adjusted Net Earnings Per Share (4)	$	2.30		$	1.77		$	0.83		$	0.83		$	0.64		$	0.64		$	0.61		$	0.61		$	0.55
Pro Forma Diluted Weighted Average Shares (4)		95,941			95,963			96,399			96,133			95,284			95,126			95,223			95,070			97,597
3. Cashflow — Reconciliation
Cash Flows from Operating Activities:
Net Earnings	$	200,828		$	176,559		$	75,542		$	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		205,132			179,813			75,542			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		205,132			151,682			75,542			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		92,069			93,177			32,279			31,700			28,090			30,081			32,420			18,262			42,495
Working capital adjustments		2,240			(22,444	)		(16,954	)		21,957			(2,763	)		32,158			26,908			(91,474	)		42,122
Net cash provided by (used in) operating activities		299,441			222,415			90,867			128,897			79,677			116,345			110,609			(20,977	)		132,783
Capital expenditures included in investing activities		(67,862	)		(38,342	)		(19,455	)		(25,836	)		(22,571	)		(23,946	)		(13,205	)		(14,344	)		(10,793	)
Pro Forma Adjusted Net Free Cash Flow	$	231,579		$	184,073		$	71,412		$	103,061		$	57,106		$	92,399		$	97,404		$	(35,321	)	$	121,990

Notes:
(2)	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.
(3)	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.
(4)	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.