Black Knight InfoServ 8-K Lender Processing Services, Inc. Reports Third Quarter 2011 Earnings

Exhibit 99.1

Investors:	Media:
LPS Investor Relations	Michelle Kersch
(904) 854-5086	(904) 854-5043
investor@lpsvcs.com	michelle.kersch@lpsvcs.com

Lender Processing Services, Inc. Reports Third Quarter 2011 Earnings

Adjusted EPS of 59 cents per diluted share in 3Q11

JACKSONVILLE, Fla. – October 25, 2011 – 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 $532.1 million for the third quarter of 2011, a decrease of 13.8% compared to the prior year quarter, and net earnings of $40.5 million, or 48 cents per diluted share, as compared to $78.7 million, or 85 cents per diluted share in the prior year quarter.

Adjusted net earnings for the third quarter of 2011 totaled $49.4 million, or 59 cents per diluted share, as compared to $82.2 million, or 89 cents per diluted share in the third quarter of 2010. Adjusted net earnings reflect the add-back for purchase price amortization, which totaled 3 cents per diluted share in the current year quarter and 4 cents per diluted share in the prior year quarter. Additionally, the current year quarter excludes a charge totaling 6 cents per diluted share relating to the write-off of certain debt issuance costs in connection with the Company’s recently completed debt refinancing, and a charge of 2 cents per diluted share relating to the loss on disposition of a non-core operation.

“Despite difficult market conditions and sustained challenges in the broader macro-economic environment, LPS, with its strong market presence and broad-based, technology-

driven solutions for the mortgage and real estate industries, remains well-positioned for the years ahead,” said Hugh Harris, president and chief executive officer of LPS.

“Sequentially, our Loan Facilitation business benefited from historically low interest rates, while our Mortgage Processing business had another positive quarter. Other TD&A continued to perform well as a result of market share gains, however, Default Services continued to be impacted by broader industry foreclosure delays,” added Tom Schilling, executive vice president and chief financial officer of LPS.

Operating income of $89.8 million in the current year quarter decreased from $145.1 million in the prior year period primarily due to lower year-over-year origination and default volumes as well as from higher corporate legal and compliance-related expenses.

On a year-to-date basis, cash provided by operating activities increased to $329.6 million from $291.7 million in the prior year period. Adjusted free cash flow (net cash provided by operating activities less certain non-recurring charges and additions to property, equipment and computer software) for the first nine months of 2011 was $259.6 million as compared to $207.6 million for the prior year period and was higher primarily due to contributions from changes in working capital.

Technology, Data and Analytics (TD&A)

Revenues for the TD&A segment increased to $193.7 million during the current year quarter from $187.9 million in the prior year period primarily due to higher professional service revenues in our Mortgage Processing division. Operating income of $62.6 million decreased from $68.2 million in the prior year period primarily due to lower income in our Desktop and Other Software and Services offerings, partially offset by higher contributions from Data & Analytics.

Loan Transaction Services (LTS)

Revenues for the LTS segment declined to $340.2 million during the current year quarter from $431.1 million in the prior year period. In spite of a 23.0% decline in total market originations as reported by the Mortgage Bankers Association, revenues in our Loan Facilitation Services group decreased on a year-over-year basis by just 14.7% to $141.1 million primarily due to lower industry volumes. Additionally, the continued slowdown in the initiation of foreclosure proceedings impacted our Default Services group where revenues decreased by 25.0% to $199.1 million in current year quarter. The decrease in revenue in our Default Services group was consistent with RealtyTrac’s report of a 27.4% decline in default notices as compared to the prior year quarter. Operating income for the LTS segment declined mainly due to lower contributions from Default Services, and to a lesser extent, from Loan Facilitation Services.

Corporate and Other

Net corporate expenses in the third quarter of 2011 increased to $34.0 million from $19.8 million in the prior year quarter primarily due to higher legal and compliance-related expenses.

The Company noted that it had completed the refinancing of its senior secured credit facilities during the third quarter. The available authorization under the Company’s share repurchase program remained unchanged at $95.1 million.

Outlook

“While the origination market did improve during the quarter, we remain concerned about broader macro-economic conditions and ongoing industry-specific pressures. However, LPS’ leading technology, strong customer relationships and deep industry knowledge ensure the Company is well-positioned for the future,” said Schilling. “Given the current environment, we expect fourth quarter 2011 revenue to be in the range of $510 million to $520 million, adjusted earnings to be in the range of 57-59 cents per diluted share and adjusted free cash flow to be in the range of $60 million to $70 million.”

Use of Non-GAAP Financial Information

U.S. 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 “EBIT, as adjusted” (GAAP operating income adjusted for the impact of certain non-recurring adjustments, if applicable), “adjusted net earnings” (GAAP net earnings adjusted for the impact of certain non-recurring adjustments, if applicable, plus the after-tax purchase price amortization of intangible assets added through acquisitions), “adjusted net earnings per diluted share” (adjusted net earnings divided by diluted weighted average shares), and “adjusted free cash flow” (net cash provided by operating activities less additions to property, equipment and computer software, as well as non-recurring adjustments, if applicable). LPS provides these measures because it believes that they are helpful to investors in comparing year-over-year performance in light of certain non-recurring charges, and to better understand our financial performance, competitive position and future prospects. 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 Wednesday, October 26, 2011, at 8:00 a.m. ET. Interested parties are invited to listen to the live webcast by logging on to the Investor Relations section of the Company’s website 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 November 2, 2011, by dialing 888-203-1112 (access code: 9248950).

To access a printer-friendly version of this release and accompanying exhibits, go toLPS Investor Relations.

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology, services and loan performance data and analytics to the mortgage, consumer lending, capital markets and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation, portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Almost half of all U.S. mortgages are serviced using LPS’ Mortgage Servicing Package (MSP). 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 (including among others, loan originations and foreclosures) 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; the level of scrutiny being placed on participants in the foreclosure process; risks associated with federal and state inquiries and examinations currently underway or that may be commenced in the future with respect to our default management

operations, and with civil litigation related to these matters; 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.

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Exhibit A

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(Unaudited)

	Three months ended September 30,						Nine months ended September 30,
	2011			2010			2011			2010
	(In thousands, except per share data)
Processing and services revenues	$	532,114		$	617,002		$	1,595,652		$	1,789,029
Cost of revenues		370,288			408,955			1,098,364			1,177,953
Gross profit		161,826			208,047			497,288			611,076
Selling, general and administrative expenses		72,008			62,914			225,852			179,671
Operating income		89,818			145,133			271,436			431,405
Other income (expense):
Interest income		355			143			1,072			1,066
Interest expense		(22,959	)		(17,186	)		(50,888	)		(54,793	)
Other expense, net		(128	)		101			(173	)		275
Total other income (expense)		(22,732	)		(16,942	)		(49,989	)		(53,452	)
Earnings from continuing operations before income taxes		67,086			128,191			221,447			377,953
Provision for income taxes		25,157			49,032			83,043			144,564
Earnings from continuing operations		41,929			79,159			138,404			233,389
Discontinued operations, net of tax		(1,479	)		(468	)		(20,660	)		(1,769	)
Net earnings	$	40,450		$	78,691		$	117,744		$	231,620
Net earnings per share - diluted from continuing operations	$	0.50		$	0.86		$	1.61		$	2.48
Net loss per share - diluted from discontinued operations		(0.02	)		(0.01	)		(0.24	)		(0.03	)
Net earnings per share - diluted	$	0.48		$	0.85		$	1.37		$	2.45
Weighted average shares outstanding - diluted		84,415			92,682			86,108			94,658

Exhibit B

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

	September 30,			December 31,
	2011			2010
	(In thousands)
Assets
Current assets:
Cash and cash equivalents	$	83,960		$	52,287
Trade receivables, net of allowance for doubtful accounts		353,972			419,647
Other receivables		2,203			4,910
Prepaid expenses and other current assets		36,722			38,328
Deferred income taxes		45,926			44,102
Total current assets		522,783			559,274
Property and equipment, net of accumulated depreciation		122,619			123,897
Computer software, net of accumulated amortization		231,022			217,573
Other intangible assets, net of accumulated amortization		45,447			58,269
Goodwill		1,150,631			1,159,539
Other non-current assets		176,797			133,291
Total assets	$	2,249,299		$	2,251,843
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$	29,308		$	145,154
Trade accounts payable		39,307			51,610
Accrued salaries and benefits		54,167			55,230
Recording and transfer tax liabilities		12,520			10,879
Other accrued liabilities		149,142			145,203
Deferred revenues		57,326			57,651
Total current liabilities		341,770			465,727
Deferred revenues		34,132			36,893
Deferred income taxes, net		111,681			96,732
Long-term debt, net of current portion		1,232,178			1,104,247
Other non-current liabilities		24,636			22,030
Total liabilities		1,744,397			1,725,629
Stockholders’ equity:
Preferred stock $0.0001 par value; 50 million shares authorized, none issued at September 30, 2011 or December 31, 2010		—			—
Common stock $0.0001 par value; 500 million shares authorized, 97.4 million shares issued at September 30, 2011 and December 31, 2010		10			10
Additional paid-in capital		238,691			216,896
Retained earnings		687,906			596,168
Accumulated other comprehensive loss		(1,366	)		(283	)
Treasury stock $0.0001 par value; 13.1 million and 8.6 million shares at September 30, 2011 and December 31, 2010, respectively		(420,339	)		(286,577	)
Total stockholders’ equity		504,902			526,214
Total liabilities and stockholders’ equity	$	2,249,299		$	2,251,843

Exhibit C

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

	Nine months ended September 30,
	2011			2010
	(In thousands)
Cash flows from operating activities:
Net earnings	$	117,744		$	231,620
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		73,753			71,814
Amortization of debt issuance costs		8,901			3,506
Asset impairment charges		31,855			—
Loss on sale of discontinued operation		1,486			—
Deferred income taxes, net		11,985			16,604
Stock-based compensation cost		28,179			22,052
Income tax effect of equity compensation		588			205
Changes in assets and liabilities, net of effects of acquisitions:
Trade receivables		64,291			(17,224	)
Other receivables		2,708			1,023
Prepaid expenses and other assets		(6,258	)		(17,272	)
Deferred revenues		(3,382	)		(15,471	)
Accounts payable, accrued liabilities and other liabilities		(2,249	)		(5,140	)
Net cash provided by operating activities		329,601			291,717
Cash flows from investing activities:
Additions to property and equipment		(25,970	)		(32,601	)
Additions to capitalized software		(55,501	)		(51,505	)
Purchases of investments, net of proceeds from sales		(14,918	)		(10,856	)
Acquisition of title plants and property records data		(15,686	)		(1,840	)
Acquisitions, net of cash acquired		(9,802	)		(271	)
Net cash used in investing activities		(121,877	)		(97,073	)
Cash flows from financing activities:
Borrowings		960,000			—
Debt service payments		(942,915	)		(3,825	)
Exercise of stock options and restricted stock vesting		(2,680	)		10,505
Income tax effect of equity compensation		(588	)		(205	)
Dividends paid		(26,006	)		(28,160	)
Debt issuance costs paid		(22,059	)		—
Treasury stock repurchases		(136,878	)		(167,991	)
Bond repurchases		(4,925	)		—
Payment of contingent consideration related to acquisitions		—			(2,978	)
Net cash used in financing activities		(176,051	)		(192,654	)
Net increase in cash and cash equivalents		31,673			1,990
Cash and cash equivalents, beginning of period		52,287			70,528
Cash and cash equivalents, end of period	$	83,960		$	72,518
Supplemental disclosures of cash flow information:
Cash paid for interest	$	48,672		$	60,631
Cash paid for taxes	$	49,181		$	116,955

Exhibit D

LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL INFORMATION - UNAUDITED

(In thousands)

		Nine months  ended September 30,						Quarter ended																					Year ended
		2011			2010			9/30/2011			6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			3/31/2010			12/31/2010
1.	Revenues - Continuing Operations
	Technology, Data and Analytics (TD&A):
	Mortgage Processing	$	311,465		$	302,352		$	106,365		$	102,766		$	102,334		$	100,341		$	102,362		$	102,356		$	97,634		$	402,693
	Other TD&A		266,690			230,749			87,383			88,108			91,199			93,701			85,517			73,572			71,660			324,450
	Total		578,155			533,101			193,748			190,874			193,533			194,042			187,879			175,928			169,294			727,143
	Loan Transaction Services:
	Loan Facilitation Services		391,745			452,575			141,090			113,352			137,303			188,332			165,490			140,471			146,614			640,907
	Default Services		630,531			809,289			199,072			210,338			221,121			251,327			265,572			275,046			268,671			1,060,616
	Total		1,022,276			1,261,864			340,162			323,690			358,424			439,659			431,062			415,517			415,285			1,701,523
	Corporate and Other		(4,779	)		(5,936	)		(1,796	)		(1,513	)		(1,470	)		(1,893	)		(1,939	)		(1,644	)		(2,353	)		(7,829	)
	Total Revenue	$	1,595,652		$	1,789,029		$	532,114		$	513,051		$	550,487		$	631,808		$	617,002		$	589,801		$	582,226		$	2,420,837
	Revenue Growth from Prior Year Period
	Technology, Data and Analytics:
	Mortgage Processing		3.0	%		6.6	%		3.9	%		0.4	%		4.8	%		-3.7	%		-0.6	%		14.3	%		7.1	%		3.8	%
	Other TD&A		15.6	%		8.7	%		2.2	%		19.8	%		27.3	%		24.1	%		16.9	%		-2.1	%		12.0	%		12.8	%
	Total		8.5	%		7.5	%		3.1	%		8.5	%		14.3	%		8.0	%		6.7	%		6.8	%		9.1	%		7.6	%
	Loan Transaction Services:
	Loan Facilitation Services		-13.4	%		11.9	%		-14.7	%		-19.3	%		-6.4	%		31.8	%		21.1	%		-5.4	%		23.0	%		17.1	%
	Default Services		-22.1	%		-5.8	%		-25.0	%		-23.5	%		-17.7	%		-9.8	%		-12.6	%		-8.2	%		5.2	%		-6.7	%
	Total		-19.0	%		-0.1	%		-21.1	%		-22.1	%		-13.7	%		4.3	%		-2.1	%		-7.3	%		10.9	%		1.0	%
	Corporate and Other		n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m			n/m
	Total Revenue		-10.8	%		2.8	%		-13.8	%		-13.0	%		-5.5	%		5.6	%		1.3	%		-2.7	%		10.9	%		3.5	%
2.	Depreciation and Amortization
	Depreciation and Amortization	$	54,201		$	46,285		$	18,435		$	18,134		$	17,632		$	18,108		$	16,703		$	15,209		$	14,373		$	64,393
	Purchase Price Amortization		12,865			17,463			4,015			4,022			4,828			5,483			5,427			5,601			6,435			22,946
	Other Amortization		5,098			5,545			1,749			1,686			1,663			1,680			1,658			1,962			1,925			7,225
	Total continuing operations		72,164			69,293			24,199			23,842			24,123			25,271			23,788			22,772			22,733			94,564
	Depreciation and Amortization - Discontinued Operations		1,589			2,521			119			725			745			1,676			732			868			921			4,197
	Total Depreciation and Amortization	$	73,753		$	71,814		$	24,318		$	24,567		$	24,868		$	26,947		$	24,520		$	23,640		$	23,654		$	98,761
3.	Stock Compensation Expense (1)
	Stock Compensation Expense, Excluding Acceleration Charges	$	24,310		$	22,052		$	9,313		$	8,238		$	6,759		$	8,228		$	8,215		$	7,280		$	6,557		$	30,280
	Stock Acceleration Expense		3,869			—			—			—			3,869			1,797			—			—			—			1,797
	Total Stock Compensation Expense	$	28,179		$	22,052		$	9,313		$	8,238		$	10,628		$	10,025		$	8,215		$	7,280		$	6,557		$	32,077
4.	Discontinued Operations (2)
	Revenue	$	17,458		$	28,486		$	5,702		$	6,045		$	5,711		$	7,012		$	9,038		$	9,280		$	10,168		$	35,498
	Cost of Sales		17,228			26,159			5,684			5,439			6,105			9,261			8,288			8,294			9,577			35,420
	Selling, General and Administrative Expenses		2,885			5,380			189			1,580			1,116			1,647			1,602			1,888			1,890			7,027
	Asset Impairment Charge (3)		29,923			—			—			29,923			—			—			—			—			—			—
	Operating Loss		(32,578	)		(3,053	)		(171	)		(30,897	)		(1,510	)		(3,896	)		(852	)		(902	)		(1,299	)		(6,949	)
	Total Other Income (Expense)		(2,087	)		191			(2,195	)		43			65			110			95			34			62			301
	Loss Before Income Taxes		(34,665	)		(2,862	)		(2,366	)		(30,854	)		(1,445	)		(3,786	)		(757	)		(868	)		(1,237	)		(6,648	)
	Benefit for Income Taxes		(14,005	)		(1,093	)		(887	)		(12,569	)		(549	)		(1,431	)		(289	)		(331	)		(473	)		(2,524	)
	Net Loss	$	(20,660	)	$	(1,769	)	$	(1,479	)	$	(18,285	)	$	(896	)	$	(2,355	)	$	(468	)	$	(537	)	$	(764	)	$	(4,124	)
	Discontinued Operations - Reconciliation
	Net Loss, as reported	$	(20,660	)	$	(1,769	)	$	(1,479	)	$	(18,285	)	$	(896	)	$	(2,355	)	$	(468	)	$	(537	)	$	(764	)	$	(4,124	)
	Adjustments:
	Loss on Disposition, net of tax (4)		1,486			—			1,486			—			—			—			—			—			—			—
	Asset Impairment Charge, net of tax (3)		17,763			—			—			17,763			—			—			—			—			—			—
	Net (Loss) Earnings, as adjusted		(1,411	)		(1,769	)		7			(522	)		(896	)		(2,355	)		(468	)		(537	)		(764	)		(4,124	)
	Purchase Price Amortization, net of tax		253			524			(15	)		133			135			619			175			175			175			1,143
	Adjusted Net Loss	$	(1,158	)	$	(1,245	)	$	(8	)	$	(389	)	$	(761	)	$	(1,736	)	$	(293	)	$	(362	)	$	(589	)	$	(2,981	)
	Adjusted Net Loss Per Diluted Share	$	(0.01	)	$	(0.01	)	$	—		$	—		$	(0.01	)	$	(0.02	)	$	—		$	—		$	(0.01	)	$	(0.03	)
	Diluted Weighted Average Shares		86,108			94,658			84,415			85,812			88,134			90,296			92,682			94,910			96,416			93,559

Notes:

(1) As the Company does not allocate stock compensation expense to the individual business units, there is no related expense associated with the discontinued operations.

(2) The business units included in discontinued operations have historically been reported as a component of Other TD&A in the Technology, Data and Analytics reporting segment.

(3) Reflects asset impairment charges totaling $29.9 million ($17.8 million net of tax) relating to the write-down of net assets in certain businesses that have been reclassified as discontinued operations.

(4) We recognized a $2.5 million charge ($1.5 million net of tax) related to the loss on disposal of certain operations previously included in our Real Estate Group within the Technology, Data and Analytics 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																					Year ended
		2011			2010			9/30/2011			6/30/2011			3/31/2011			12/31/2010			9/30/2010			6/30/2010			3/31/2010			12/31/2010
1.	EBIT - Continuing Operations
	Consolidated
	Revenue	$	1,595,652		$	1,789,029		$	532,114		$	513,051		$	550,487		$	631,808		$	617,002		$	589,801		$	582,226		$	2,420,837
	Cost of Sales		1,098,364			1,177,953			370,288			363,571			364,505			428,702			408,955			382,553			386,445			1,606,655
	Selling, General and Administrative Expenses		225,852			179,671			72,008			73,333			80,511			70,652			62,914			57,927			58,830			250,323
	Operating Income		271,436			431,405			89,818			76,147			105,471			132,454			145,133			149,321			136,951			563,859
	Adjustments:
	Cash Related Restructuring Costs		23,446			—			—			7,943			15,503			2,472			—			—			—			2,472
	Stock Related Restructuring Costs		3,869			—			—			—			3,869			1,797			—			—			—			1,797
	Asset Impairment Charges		1,930			—			—			1,930			—			—			—			—			—			—
	Out-of-period Adjustment		—			—			—			—			—			9,800			—			—			—			9,800
	EBIT, as adjusted	$	300,681		$	431,405		$	89,818		$	86,020		$	124,843		$	146,523		$	145,133		$	149,321		$	136,951		$	577,928
	EBIT Margin, as adjusted		18.8	%		24.1	%		16.9	%		16.8	%		22.7	%		23.2	%		23.5	%		25.3	%		23.5	%		23.9	%
	Depreciation and Amortization	$	72,164		$	69,293		$	24,199		$	23,842		$	24,123		$	25,271		$	23,788		$	22,772		$	22,733		$	94,564
	Technology, Data and Analytics
	Revenue	$	578,155		$	533,101		$	193,748		$	190,874		$	193,533		$	194,042		$	187,879		$	175,928		$	169,294		$	727,143
	Cost of Sales		346,137			288,374			111,718			118,864			115,555			111,344			100,133			92,023			96,218			399,718
	Selling, General and Administrative Expenses		59,416			55,605			19,426			19,207			20,783			18,403			19,506			18,178			17,921			74,008
	Operating Income		172,602			189,122			62,604			52,803			57,195			64,295			68,240			65,727			55,155			253,417
	Adjustments:
	Cash Related Restructuring Costs (3)(4)		6,925			—			—			4,641			2,284			—			—			—			—			—
	Asset Impairment Charges (4)		1,368			—			—			1,368			—			—			—			—			—			—
	EBIT, as adjusted	$	180,895		$	189,122		$	62,604		$	58,812		$	59,479		$	64,295		$	68,240		$	65,727		$	55,155		$	253,417
	EBIT Margin, as adjusted		31.3	%		35.5	%		32.3	%		30.8	%		30.7	%		33.1	%		36.3	%		37.4	%		32.6	%		34.9	%
	Depreciation and Amortization	$	52,711		$	46,596		$	17,902		$	17,204		$	17,605		$	17,229		$	15,800		$	15,179		$	15,617		$	63,825
	Loan Transaction Services
	Revenue	$	1,022,276		$	1,261,864		$	340,162		$	323,690		$	358,424		$	439,659		$	431,062		$	415,517		$	415,285		$	1,701,523
	Cost of Sales		756,856			895,496			260,298			246,193			250,365			317,285			310,780			292,107			292,609			1,212,781
	Selling, General and Administrative Expenses		61,395			69,216			18,646			20,208			22,541			26,440			23,561			21,798			23,857			95,656
	Operating Income		204,025			297,152			61,218			57,289			85,518			95,934			96,721			101,612			98,819			393,086
	Adjustments:
	Cash Related Restructuring Costs (3)(4)		4,027			—			—			1,074			2,953			—			—			—			—			—
	Asset Impairment Charges (4)		562			—			—			562			—			—			—			—			—			—
	Out-of-period Adjustment (2)		—			—			—			—			—			9,800			—			—			—			9,800
	EBIT, as adjusted	$	208,614		$	297,152		$	61,218		$	58,925		$	88,471		$	105,734		$	96,721		$	101,612		$	98,819		$	402,886
	EBIT Margin, as adjusted		20.4	%		23.5	%		18.0	%		18.2	%		24.7	%		24.0	%		22.4	%		24.5	%		23.8	%		23.7	%
	Depreciation and Amortization	$	14,158		$	17,087		$	4,633		$	4,822		$	4,703		$	6,226		$	6,152		$	5,749		$	5,186		$	23,313
	Corporate and Other
	Revenue	$	(4,779	)	$	(5,936	)	$	(1,796	)	$	(1,513	)	$	(1,470	)	$	(1,893	)	$	(1,939	)	$	(1,644	)	$	(2,353	)	$	(7,829	)
	Cost of Sales		(4,629	)		(5,917	)		(1,728	)		(1,486	)		(1,415	)		73			(1,958	)		(1,577	)		(2,382	)		(5,844	)
	Selling, General and Administrative Expenses		105,041			54,850			33,936			33,918			37,187			25,809			19,847			17,951			17,052			80,659
	Operating Income		(105,191	)		(54,869	)		(34,004	)		(33,945	)		(37,242	)		(27,775	)		(19,828	)		(18,018	)		(17,023	)		(82,644	)
	Adjustments:
	Cash Related Restructuring Costs (2)(3)(4)		12,494			—			—			2,228			10,266			2,472			—			—			—			2,472
	Stock Related Restructuring Costs (2)(3)		3,869			—			—			—			3,869			1,797			—			—			—			1,797
	EBIT, as adjusted	$	(88,828	)	$	(54,869	)	$	(34,004	)	$	(31,717	)	$	(23,107	)	$	(23,506	)	$	(19,828	)	$	(18,018	)	$	(17,023	)	$	(78,375	)
	Depreciation and Amortization	$	5,295		$	5,610		$	1,664		$	1,816		$	1,815		$	1,816		$	1,836		$	1,844		$	1,930		$	7,426
2.	Net Earnings - Reconciliation
	Net Earnings	$	117,744		$	231,620		$	40,450		$	21,365		$	55,929		$	70,724		$	78,691		$	80,413		$	72,516		$	302,344
	Adjustments:
	Cash Related Restructuring Costs, net of tax		14,601			—			—			4,989			9,612			1,533			—			—			—			1,533
	Stock Related Restructuring Costs, net of tax		2,399			—			—			—			2,399			1,114			—			—			—			1,114
	Asset Impairment Charges - continuing operations, net of tax		1,211			—			—			1,211			—			—			—			—			—			—
	Asset Impairment Charges - discontinued operations, net of tax		17,763			—			—			17,763			—			—			—			—			—			—
	Write-off of Debt Issuance Costs, net of tax (5)		4,978			—			4,978			—			—			—			—			—			—			—
	Loss on Disposal of Operation, net of tax (5)		1,486			—			1,486			—			—			—			—			—			—			—
	Out-of-period Adjustment, net of tax		—			—			—			—			—			6,076			—			—			—			6,076
	Net Earnings, as adjusted		160,182			231,620			46,914			45,328			67,940			79,447			78,691			80,413			72,516			311,067
	Purchase Price Amortization, net of tax (1)		8,297			11,307			2,495			2,674			3,128			4,059			3,526			3,633			4,148			15,366
	Adjusted Net Earnings	$	168,479		$	242,927		$	49,409		$	48,002		$	71,068		$	83,506		$	82,217		$	84,046		$	76,664		$	326,433
	Adjusted Net Earnings Per Diluted Share	$	1.96		$	2.58		$	0.59		$	0.56		$	0.81		$	0.92		$	0.89		$	0.89		$	0.80		$	3.50
	Diluted Weighted Average Shares		86,108			94,658			84,415			85,812			88,134			90,296			92,682			94,910			96,416			93,559
3.	Cash Flow - Reconciliation
	Cash Flows from Operating Activities:
	Net Earnings	$	117,744		$	231,620		$	40,450		$	21,365		$	55,929		$	70,724		$	78,691		$	80,413		$	72,516		$	302,344
	Adjustments:
	Cash Related Restructuring Costs, net of tax		11,479			—			2,107			5,220			4,152			1,533			—			—			—			1,533
	Net Earnings, as adjusted		129,223			231,620			42,557			26,585			60,081			72,257			78,691			80,413			72,516			303,877
	Adjustments to reconcile net earnings to net cash provided by operating activities:
	Non-cash adjustments		156,747			114,181			50,508			61,260			44,979			51,625			41,548			34,591			38,042			165,806
	Working capital adjustments		55,110			(54,084	)		11,756			23,822			19,532			34,628			(35,191	)		(17,375	)		(1,518	)		(19,456	)
	Net cash provided by operating activities		341,080			291,717			104,821			111,667			124,592			158,510			85,048			97,629			109,040			450,227
	Capital expenditures included in investing
	activities		(81,471	)		(84,106	)		(28,243	)		(29,907	)		(23,321	)		(24,150	)		(26,940	)		(29,122	)		(28,044	)		(108,256	)
	Adjusted Net Free Cash Flow	$	259,609		$	207,611		$	76,578		$	81,760		$	101,271		$	134,360		$	58,108		$	68,507		$	80,996		$	341,971

Notes:

(1) 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.

(2) During the three months ended December 31, 2010, we recorded an immaterial error correction within cost of revenues totaling $9.8 million related to fiscal years 2007 and 2008. Additionally, we recorded a $4.3 million charge ($2.5 million of compensation and $1.8 million of stock acceleration) related to the departure of our former chief financial officer.

(3) During the three months ended March 31, 2011, we recorded a restructuring charge totaling $19.4 million related to the departure of our former co-chief operating officer ($6.1 million of compensation and $3.6 million of stock acceleration), and other cost reduction initiatives ($9.7 million).

(4) During the three months ended June 30, 2011, we recorded an asset impairment charge totaling $31.9 million ($1.9 million in continuing operations and $29.9 million in discontinued operations) relating to the write-down of net assets in certain underperforming operations that management has decided to dispose of or wind-down. Additionally, we recorded a restructuring charge totaling $7.9 million related to various cost reduction initiatives.

(5) During the three months ended September 30, 2011, we recorded a charge totaling $8.0 million ($5.0 million net of tax) related to the write-off of certain debt issuance costs in connection with the refinancing of our senior credit facilities. We also recognized a $2.5 million charge ($1.5 million net of tax) related to the loss on disposal of certain operations previously included in our Real Estate Group within the Technology, Data and Analytics segment.