Market Overview

John Snow Joins LPS Board of Directors


Lender Processing Services (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today announced the appointment of John Snow, Ph.D., former Secretary of the Treasury, to its board of directors.

"We are fortunate to have John as a member of the board," said Lee A. Kennedy, chairman of the LPS board. "John's experience in managing large regulated public companies and his expertise in the areas of regulation, public policy and risk management will enhance the board and the value we bring to the organization and its shareholders."

Dr. Snow has been president of JWS Associates, LLC, a consulting firm, since October 2006. As the Secretary of the Treasury from February 2003 to June 2006, Dr. Snow served as the head of President Bush's economic policy team and principal spokesman on economic policy. Prior to his appointment as Secretary of the Treasury, Dr. Snow served as the chairman, president and chief executive officer of CSX Corporation, which operates the largest rail network in the eastern United States and provides intermodal transportation, domestic container shipping and international marine terminal services. Dr. Snow has also previously served in several senior roles at the U.S. Department of Transportation and has served as chairman of the Business Roundtable, a group of chief executive officers of major U.S. corporations formed to promote pro-business public policy. In addition to serving as non-executive chairman of Cerberus Capital Management LP, Dr. Snow also serves on the boards of directors of International Consolidated Airlines Group and Marathon Petroleum Corporation.

Dr. Snow has been appointed to serve on the Risk and Compliance Committee of LPS' board of directors.

About Lender Processing Services

Lender Processing Services (NYSE: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk.

These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS' servicing solutions include MSP, the industry's leading loan-servicing platform, which is used to service approximately 50 percent of all U.S. mortgages by dollar volume. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries.

LPS is headquartered in Jacksonville, Fla., and employs approximately 8,000 professionals. The company is ranked on the Fortune 1000 as the 877th largest American company in 2012. For more information, please visit


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