Fidelity National Financial, Inc. announced the reorganization of the former Lender Processing Services, Inc. (“LPS”) businesses, the formation of a wholly-owned subsidiary called Black Knight Financial Services, Inc. (“Black Knight”) and the issuance of a 35% interest in each of Black Knight’s two operating subsidiaries, ServiceLink Holdings, LLC (“ServiceLink”) and Black Knight Financial Services, LLC (“BKFS”), to funds affiliated with Thomas H. Lee Partners, L.P. and certain related entities.  Black Knight, through ServiceLink and BKFS, now owns and operates the former LPS businesses and FNF’s ServiceLink business.  FNF’s core operating subsidiaries now consist of Fidelity National Title Group, Inc. and Black Knight. 

BKFS consists of LPS’ former technology, data and analytics businesses and the technology offerings previously owned by FNF’s ServiceLink division. BKFS’ primary products and services include:

• Empower^®, PCLender^® and LendingSpace^® – enterprise-wide loan origination systems that support the correspondent, wholesale and retail markets
• RealEC^® – electronically connects mortgage lenders and their business partners, and supports the company’s loan quality offerings
• MSP^® – the leading residential mortgage servicing technology platform in the U.S.
• LPS Desktop® and Fusion – comprehensive workflow platforms that support mortgage servicing
• The world’s largest U.S. property database, that covers 99.9% of U.S. property records from over 3,000 counties
• Most comprehensive mortgage performance data – represents nearly 70 percent of loans in the mortgage industry and provides the broadest breadth and depth of any single loan-level data source
• Industry-leading analytics – Provide valuable insight that helps effectively manage risk, support regulatory compliance and improve decision-making

The name Black Knight Services, a nod to Fidelity National Chairman William “Bill” Foley’s alma mater at Army.