FIS, NCC First to Make Automated Real Estate Valuation to the Japanese Market
JACKSONVILLE, Fla., April 13 -- Fidelity
National Information Services, Inc. (NYSE: FIS) is expanding its property
valuation services to the Japanese real estate market. FIS will provide
Japanese mortgage lenders, secondary market participants, and consumers
with ValueSure(TM), a leading automated property valuation tool. New City
Corporation (NCC) will act as both the data supplier and the marketer of
this service in Japan.
This product will initially service the Greater Tokyo area with the
same type of comprehensive property valuations and analytic tools available
in the United States. Plans for expansion to other major metropolitan areas
in Japan are underway.
"We have always had a vision of offering our real estate automated
valuation solutions and analytic products globally," said Brian
Hershkowitz, president of the Mortgage and Information Services division of
FIS. "With access to high-quality property sales data from our partner New
City Corporation, we were perfectly positioned to enhance our proven
technology to provide the Japanese real estate market with the same
valuation efficiencies as in the United States."
"New City is delighted to offer the ValueSure solution in Japan in
partnership with Fidelity National Information Services," said Peter Meyer,
chief operating officer of New City Corporation. "ValueSure provides a
cost- effective alternative to traditional appraisal and, with its
reliable, real- time, high-volume capability, is ideally suited to the
needs of the burgeoning securitization market in Japan."
About Fidelity National Information Services, Inc.
Fidelity National Information Services, Inc. (NYSE: FIS) is a leading
provider of core processing for financial institutions; card issuer and
transaction processing services; mortgage loan processing and
mortgage-related information products; and outsourcing services to
financial institutions, retailers, mortgage lenders and real estate
professionals. FIS has processing and technology relationships with 35 of
the top 50 global banks, including nine of the top ten. Nearly 50 percent
of all U.S. residential mortgages are processed using FIS software.
Headquartered in Jacksonville, Florida, FIS maintains a strong global
presence, serving over 7,800 financial institutions in more than 60
countries worldwide. For more information on Fidelity National Information
Services, please visit http://www.fidelityinfoservices.com .
FIS is a majority-owned subsidiary of Fidelity National Financial, Inc.
(NYSE: FNF), number 248 on the Fortune 500 and a provider of outsourced
products and services to a variety of industries. More information about
FNF can be found at http://www.fnf.com .
SOURCE Fidelity National Information Services, Inc.
Web Site: http://www.fidelityinfoservices.com http://www.fnf.com
