Lender Processing Services, Inc.

Conference Call
Wed, Oct 6, 2010, 8:00 am Eastern

http://biz.yahoo.com/cc/0/117010.html

The following is a transcript of the dialogue near the end of the conference call.

Questions from Jeffrey Dunn with Dowling & Partners

Q1: Within the DocX business, you have indicated that you are not executing affidavits, but that you are
signing documents. What does that signature represent, is there any legal representation regarding the
authenticity of that document or to certify that the data in that document as correct based on what you have
been given.

A1: It varies on the type of document, when we are dealing with a ... it could be dangerous here ... but when
you are dealing with the affidavits with substantive borrower information, in signing the affidavit, you are
attesting that you have reviewed the information within the affidavit, and you are certifying to the court or
to the person that you are giving that document to that you have validated the information. So if you haven't
then that is a problem.

Other types of documents ...

When we're signing assignment of mortgage, we are signing to bind our customers to the terms that are
within that particular contract.

So it is a different approach. It's a different set of issues. And DocX never signed affidavits, they just
signed other types of documents, like assignments of mortgage.

So the signing was more a procedural thing, where in order to get efficiency into the process, rather than
taking documents that were prepared, sending them all the way back to the servicer to sign for them to
forward to the appropriate place that servicer gives us authority to bind them on their behalf. For us to bind
them to that assignment of mortgage with the signature.

Q2: That's the signature that I am asking about. Trying to figure out if there's any kind of legal liability by
signing that. You're not making a sworn statement with that signature, like an affidavit, but you are signing
what may end up using as an official document.

A2: Yes correct.

Q3: I am trying to undertand what that signature means. Are you representing that that document is
authentic, that the information is correct.

It is not an affidavit, not a legal sworn statement. What could be the legal liability of putting your name on
that kind of documentation?

A3.1 (Tod Johnson General Counsel for LPS ?): The servicer has agreed to be bound by that document.
That document is then used in a court proceeding in many cases. If the information in that document in that
court proceeding is shown to be incorrect, another assignment would have to be executed and corrected in
order for that legal proceeding to continue.

A3.2: Which is exactly what we did in correcting the assignments that we found with the issues.

Q4: There has been some representation in these blogs ... I have not seen anybody say that the creation of
these documents is illegal, but there is reference to violations of IRS code and UCC codes. Can you talk to
that issue, please?
A4: No as we said we are in an active litigation. We are not going to comment on that. We have gone
through our internal reviews, we have brought in outside experts and we are comfortable that we have
taken all of the correct remedial actions.

Q5: Can you describe your lawyer network, how that works? You have been clear that there has been no
compensation. How does that referral network work?

A5: The client that we do business with, our servicers, are the ones who dictate the attorneys that do
business through our technology or through our administrative services. When you call on our network,
yes, we have a large number of law firms plugged into our technology and administrative services, but
that's only because, the servicers that are feeding them volume, are asking them to work through our
system. Okay so it's not our network. We do not select the lawyers, we do not dictate to the servicers who
they need to use, that's not what we do, so calling it our network is not accurate.