Fidelity National Title Group Announces New Program to Curb Mortgage Fraud
Company partners with Experian Consumer Direct to help protect its customers from identity theft Jacksonville, Fla., June 26, 2007 Fidelity National Title Group, a wholly-owned subsidiary of Fidelity National Financial, Inc. (NYSE:FNF), a leading provider of title insurance, specialty insurance and claims management services, today announced a new product offering that will help its customers protect against mortgage fraud. The new partnership with Experian Consumer DirectSM will offer customers one year of credit monitoring, fraud resolution assistance and a credit report at no cost.
"We recognize that mortgage fraud and identity theft are a growing concern not only for our industry, but for our customers as well," said Randy Quirk, co-president of Fidelity National Financial. "Our business is protecting the largest financial transaction most Americans make in their lives buying a house. Now, when our customers purchase title insurance from participating locations of our companies Fidelity National Title, Chicago Title, Ticor Title, Security Union Title or Alamo Title they will receive a one-year membership to Experian Consumer Direct's CreditCheck Basic at no cost."
Fidelity National Title Group's offering is the first of its kind in the title insurance industry, providing customers with daily monitoring of their Experian credit report, a comprehensive Experian credit report delivered online and e-mail alert notifications to inform them of key changes to their Experian credit report including new inquiries, newly opened accounts, delinquencies, address change and public record items. Toll-free support from fraud resolution representatives and educational information also are included in the year-long credit monitoring membership.
"Consumers are often most at risk for identity theft after a big transactionsuch as buying or refinancing a house," continued Quirk. "Every day, our title insurance providers are doing all they can to combat
real-estate fraud. Our products protect a homeowner's future by insuring the ownership of their home. It was a natural fit for us to partner with Experian to provide our customers with a reliable product to continue monitoring their credit after the transaction, empowering them to further protect their identity and investment."
"Our credit monitoring products give consumers peace of mind knowing that we monitor their credit report on a daily basis and will alert them of any key changes that could be a result of fraud or identity theft," said Ty Taylor, president of Experian Consumer Direct. "We are proud to join Fidelity National Title Group in its campaign to protect consumers and stifle mortgage fraud across the United States."
Fidelity National Title Group plans to roll out this offering in the coming weeks to California and Texas, quickly followed by expansion in the states where Fidelity National Title Group companies offer title insurance. Implementation of the program in various states may require, and is subject to, appropriate regulatory approval.
About Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider of title insurance, specialty insurance and claims management services. FNF is one of the nation's largest title insurance companies through its title insurance underwriters - Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title - that issue approximately 29 percent of all title insurance policies in the United States. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. More information about FNF can be found at www.fnf.com.
About Experian Consumer Direct
Experian Consumer Direct is part of Experian InteractiveSM and a market leader for online credit reports, scores and monitoring products delivered directly to consumers. Among its products, the business provides consumers with instant access to their credit report and credit score, plus credit monitoring products that monitor all three national credit reports daily and include identity theft insurance and fraud resolution. Experian Consumer Direct has established integrated, co-branded partnerships with leading online financial destinations that provide consumers with a broad range of comprehensive online financial products and information essential to managing one's financial life. For more information, visit www.experian.com.
About Experian
Experian® is a global leader in providing analytical and information services to organizations and consumers to help manage the risk and reward of commercial and financial decisions. Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage. For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.
Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, Calif., and Nottingham, UK. Experian employs approximately 13,500 people in 36 countries worldwide, supporting clients in more than 60 countries. Annual sales are $3.5 billion.
For more information, visit the Group's Web site at www.experiangroup.com.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. 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 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 which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions, including changes in the financial markets; adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U. S. economy; our potential inability to find suitable acquisition candidates, acquisitions in lines of business that will not necessarily be limited to our traditional areas of focus, or difficulties in integrating acquisitions; our dependence on operating subsidiaries as a source of cash flow; significant competition that our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.
Contact:
Emily Crane
Hill & Knowlton for Fidelity National Financial
202 944 5137
Emily.Crane@hillandknowlton.com
Kelly Poffenberger
Experian Public Relations
949 567 7634
kelly.poffenberger@experian.com