- Custom Web Portal Will Allow Law Firms, Title Companies, Lenders and Servicers to Share Title, Disposition and Management Information in Real Time - - Improving Productivity to Dramatically Reduce Property Carrying Costs -

SEATTLE, July 16, 2008 /PRNewswire via COMTEX News Network/ -- Ticor Title Company of California, a
leading real estate title company and subsidiary of Fidelity National
Financial, Inc., has selected DepotPoint, Inc.'s Default and REO TrackPoint
online workflow applications to streamline the tracking and management of
thousands of properties in all stages of distress. TrackPoint, a vertical
processing system, collapses the time it takes to move properties through the
default process. Ticor customers, typically large mortgage lenders (banks)
and private equity firms, should benefit from reduced property carrying time
and costs as a result. Ticor is based in Orange County, Calif.

In addition to detailed property tracking, TrackPoint features electronic
calendaring with alerts and digital document processing. Audit-ready 24/7,
TrackPoint ensures nationwide compliance to foreclosure guidelines as the only
system with state-by-state exception handling for debt disputes, forbearance,
loan reinstatement, bankruptcy and other issues.

Default TrackPoint and REO TrackPoint are available on a standalone or
integrated basis from DepotPoint (http://www.DepotPoint.com), which provides
online information and technology services to banks, mortgage servicers,
outsource service providers and investment firms.

"With Default and REO TrackPoint deployed, we aim to become best-in-class
foreclosure and asset management outsourcers," said John Macias, Vice
President with Ticor. "DepotPoint's integrated TrackPoint service delivers an
end-to-end work process solution, starting with a property in default while
the bank is still negotiating with the borrower, all the way through
disposition of the property if it becomes REO (real estate owned) by the bank.

"More than 100 law firms, among others, will have access to the service.
TrackPoint is an incredibly comprehensive and powerful platform."

"Given the high volume of distressed properties today, it's time-consuming
and expensive for mortgage lenders, servicers and outsourcers to place them
into foreclosure, manage and market them," said Tom Gordon, Executive Vice
President, Business Solutions, DepotPoint. "In this environment, servicers
and outsourcers are forced to hire more staff, train them and manage them
among multiple service centers. With such high support costs, banks and
servicers are eager for each team member to handle more properties, and to
load-balance between servicing centers.

"Legacy property tracking systems are inadequate to support these
challenges, but DepotPoint's Default and REO TrackPoint get it done."

Gordon explained that when a property reverts to the bank as an REO asset,
it usually takes from six to nine months to assign the property to an REO
outsourcer, ready the property for sale, and then market it to a new buyer.
Each day that the property is on the books the bank incurs significant cost;
more specifically, 1.0 to 1.25 percent of the value of the property per month.
This is a direct hit to the bank's earnings.

By collapsing the time required to dispose of the property, the bank can
save thousands of dollars on each property.

More Information on Default and REO TrackPoint

TrackPoint generates daily task alerts based on each property's individual
status. This ensures that processing staff only address the highest priority
tasks each day, and that tasks don't fall behind schedule.

Also, the requirements for each state and for each lender differ. Default
TrackPoint and REO TrackPoint calendar tasks based on the requirements of each
lender and of each state, which dictate schedules from 55 days in Texas to 400
days in New York before a property can be sold as a foreclosure.

About Ticor

Ticor, as a member of Fidelity National Financial, Inc., a family of title
companies, collectively represents the largest Title Insurance and Escrow
Company in the U.S. Ticor's tremendous financial strength is backed by
reserves of $940 million, which is the largest in the industry. Their claims
paying ability provides customers with peace of mind and consistently earns
"A" ratings or higher from Standard & Poor's, Moody's, Fitch and A.M. Best.
Ticor Title has named the Premier Title Service Group, as created by John
Macias, Vice President of Ticor Title Company, California, as its one-stop
solution for high-volume, high-profile clientele. This motivated group of
professionals seeks to offer concierge-style access to professional service
referrals and transaction coordination for all order types nationwide. John
Macias' Premier Title Service Group (http://www.PremierTitleService.com) is
proud to now offer its default clients DepotPoint's TrackPoint as its chosen
online workflow engine to manage default and REO properties throughout the
United States.

About DepotPoint

DepotPoint (http://www.DepotPoint.com) brings greater efficiencies and
cost savings to mortgage lenders, loan servicers, foreclosure attorneys and
REO asset management firms that use the company's Web-based application suite
(TrackPoint) to vertically process properties through foreclosure straight
into REO management -- mitigating risk, accelerating the recovery of
nonperforming assets and reducing lenders' carrying costs for default
properties. DepotPoint applications are audit-ready and facilitate
multi-vendor communication and task management with efficiencies that are
unique in the market. DepotPoint is based in Bellevue, Wash.

SOURCE DepotPoint, Inc.

http://www.DepotPoint.com

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