SANTA BARBARA, Calif., May 13, 2003 /PRNewswire-FirstCall via COMTEX/ --
FNIS (Nasdaq: FNIS), the nation's most comprehensive source for real estate- related technology, data, solutions and services, today announced its new and highly anticipated FNIS Broker Outsourcing Services and Solutions (BOSS), a full suite of outsourcing services focused on improving the financial bottom- line of real estate brokers nationwide.
The FNIS Broker Outsourcing Services and Solutions will reduce technology costs while improving technology efficiencies, allowing real estate brokers to improve their margins and strengthen their focus on their core real estate business.
"By leveraging FNIS' Broker Outsourcing Services and Solutions, mid- to large-sized real estate brokers will immediately lower their IT costs and improve their financial bottom-line," said Patrick Stone, CEO of FNIS. "Smaller brokerages may also benefit by using selected BOSS service components to create a more modular solution at a price that fits their needs. As a result of this vast market focus, FNIS is seeing tremendous interest in our outsourcing services from the broker community," Stone added.
The initial FNIS BOSS offering includes the following outsourcing services:
-- FNIS Data Center and Hosting -- FNIS Software and Web Development -- FNIS Security -- FNIS Network and Email -- FNIS eCommerce -- FNIS Data and MLS Aggregation -- FNIS Technical Operations -- FNIS Customer Application and System Management -- FNIS Hosting and Operation of FNIS Real Estate Software Suite -- FNIS Training, Call Center and Support
FNIS has begun collaborating with several of the nation's largest real estate brokers to outsource their Web sites, software development, hosting, data center operations, and training to FNIS. FNIS' BOSS enables real estate brokers to outsource all or portions of their IT staff, technology and systems to FNIS. In many cases, as part of the terms of a multi-year contract, FNIS will absorb and integrate the broker's IT staff into its own nationwide capabilities.
HomeServices of America, Inc., the second largest real estate broker in the United States, currently uses FNIS' outsourcing services. Earlier this year FNIS acquired HomeServices of America's IT staff and TRIO Web site technology platform and began offering outsourcing services to HomeServices' brokers and agents nationwide.
"Through our technology outsourcing partnership with FNIS, we have reduced the costs of providing our TRIO Web site and lead generation systems to the Home Services real estate companies," said Ron Peltier, president and CEO, HomeServices of America, Inc.
"For several years now, we have outsourced our Web site to FNIS and have received excellent results," said Brenda Featherston, vice president of RE/MAX DFW. "FNIS has kept us on the 'leading edge' and helped our agents contact the consumer through our FNIS Internet Marketing Solution. All of our agents use these tools, and in April we generated 2,900 leads through the system, representing a 120 percent increase in one year," Featherston concluded.
FNIS has also provided substantial outsourcing services to Prudential California Realty (acquired by HomeServices of America in 2002) for almost two years and will soon expand its base of real estate broker outsourcing customers.
"Outsourcing represents a huge market opportunity for FNIS," said Dwayne Walker, FNIS President and COO. "FNIS is in a unique position to leverage its technology investments into outsourcing services and solutions for real estate brokers and their agents. Ultimately, FNIS is striving to become the best nationwide technology and outsourcing partner to real estate brokers," Walker added.
Based on FNIS' unique and extensive technology resources and solutions, the competition will be hard pressed to compete with FNIS' Broker Outsourcing Services and Solutions business.
Fidelity National Information Solutions, Inc. provides technology, data, solutions and services to lenders, real estate professionals, settlement companies, vendors and other real estate industry participants. The data segment targets the information needs of lenders, originators, real estate professionals and residential loan servicers and provides the data solutions that these mortgage professionals require in selling homes and underwriting mortgage loans. The solutions division provides technology products and services. FNIS is the nation's largest provider of Multiple Listing Services (MLS) systems and supplies tools that allow real estate professionals to improve efficiency, lower costs, reduce risks and better manage and operate their businesses. The services segment adds value by combining manual intervention, outsourcing or process improvement with one or more of our technology, data, solutions or service offerings. FNIS was ranked 12th by Bloomberg on their Top 100 Hot Stocks in 2002 list.
FNIS is a majority-owned subsidiary of Fidelity National Financial Inc. (NYSE: FNF), a Fortune 500 Company and the nation's largest title insurance and diversified real estate-related services company. FNF's title insurance underwriters -- Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title -- together issue approximately 30 percent of all title insurance policies nationally. The company provides title insurance in 49 states, the District of Columbia, Guam, Mexico, Puerto Rico, the U.S. Virgin Islands and Canada.
SOURCE Fidelity National Information Solutions, Inc.
Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations of Fidelity National Financial, Inc., +1-805-696-7218, email@example.com; or Darcy Patch, Vice President of Marketing, Fidelity National Information Solutions, Inc., +1-949-477-1173, firstname.lastname@example.org
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