State-of-the-art Technology Provides Multiple Options for MGIC Users

    CHICAGO, March 22 /PRNewswire/ -- Chicago Title Insurance Co.'s CastleLink
division, a leading provider of title insurance and real estate-related
services, and Milwaukee-based MGIC, the nation's leader of private mortgage
insurance, today announced that they have entered into a strategic business
relationship through which Mortgage Guaranty Insurance Corporation (MGIC)
products and services will now be available through Chicago Title's Electronic
Spine.
    "We are delighted to be able to offer our customers electronic access to
the quality products and services of the nation's largest mortgage insurer,
MGIC", commented Chris Canedy, Senior Vice President of Chicago Title
CastleLink.  "Our customers will not only be able to access mortgage insurance
certificates through this alliance, they will also be able to access contract
services, such as MGIC's Signature agency connections.  This should
significantly reduce their costs associated with obtaining services."
    Chicago Title's Electronic Spine is a multi-million dollar technology
initiative which allows CastleLink to provide total transaction management to
its customers, from the time of the mortgage application through the
post-closing review and on into the servicing of the loan.
    Today's announcement involves the passing of products and services offered
by MGIC through a single XML EDI connection with the Electronic Spine.  In
addition to broadening lenders electronic access to MGIC products and
services, this agreement will eliminate paper and time and save money.
    "Lenders will now have a new channel for electronically accessing the
services of MGIC," said David A. Greco, Vice President of Marketing at MGIC.
"We view this alliance as moving us one step closer to our goal of eliminating
unnecessary costs associated with transacting business with our customers."
    Canedy and Greco both noted that virtually all of the services needed by
their customers to originate a loan will now be electronically available
through this alliance.
    Chicago Title Insurance Co. is a subsidiary of Fidelity National Financial
(NYSE: FNF), which through its subsidiaries, provides title insurance, escrow
and closing services, as well as property valuation, credit information, flood
compliance, property information/inspections and default services through a
network of approximately 1,000 direct offices and 7,000 agents throughout the
continental U.S., plus Puerto Rico, the Virgin Islands, Guam, Mexico and
Canada.  Fidelity's title insurance brands -- Alamo Title, Chicago Title,
Fidelity National Title, Security Union Title, and Ticor Title -- issue more
than one in four of all title policies issued in America.
    MGIC, a subsidiary of MGIC Investment Corp. (NYSE: MTG), is the nation's
leading provider of private mortgage insurance with insurance-in-force of
$147.6 billion, covering 1.4 million mortgages, as of December 31, 1999.  MGIC
serves more than 9,000 lenders representing 22,000 locations nationwide and in
Puerto Rico, helping to put people into homes with low down-payment mortgages.

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