Altisource

Type: Public
Traded as: ASPS (NASDAQ)
Share Price: $26.33 (28 Oct closing)
Industry: Business Services
Sector: Real Estate
Headquarters: Luxembourg, USA
Founded: 2009
Employees: 6000+ (Global)

About the company:

Altisource Portfolio Solutions operates as a marketplace and transaction solutions provider

for the real estate, mortgage, and consumer debt industries in the United States. They
provide end-to-end solutions from mortgage origination to servicing, and offer online
platforms for real estate consumers and investors. Their clients include one of the nation’s
largest sub-prime servicers, government agencies and many lenders, servicers, investors,
mortgage bankers, credit unions, financial services companies and hedge funds across the
country.

The company was, on its inception in 1999, a wholly-owned subsidiary of Ocwen Financial
Corporation, a mortgage loan provider. It was created as the service wing of Ocwen.
Following the financial crisis that hit financial firms hard, it was separated to form a
standalone firm called Altisource Portfolio Solutions in 2009.

Altisource has developed a reputation as a leading knowledge-based provider of services.

Their focus is on leveraging their 20 years of servicing and 60 years of debt collection
experience to provide services and technologies that span the mortgage lifecycle, in
addition to asset recovery and customer relationship management.

Solutions Offered:

Altisource has four primary categories of solutions:

Servicer solutions: Altisource provides a technology-driven suite of loan servicing

solutions, targeted at real-estate mortgage loan companies and banks. These solutions are
focused at improving control over the process of loan repayment and default management.
  Valuation & appraisal
 Online real estate marketplace
 Title insurance services
 Field services & renovation

Origination solutions: Targeted at independent mortgage bankers, brokers, wholesalers

and banks, Altisource provides services to save time, lower costs and increase operational
efficiency in the provision of mortgage loans. These solutions are designed to seamlessly
integrate with the current business operations and grow with the business.

 Appraisal & valuation

 Title & settlement
 Insurance & risk management
 Loan origination system

Real estate investor solutions: Targeted at individual as well as institutional investors in

single family real estate, Altisource provides online marketplace that connects home
buyers and sellers of investment properties. The online marketplace offers the tools and
personal service to easily buy, manage and sell homes – helping to lower costs and
maximize the return on investment properties.

 Home purchases & renovations

 Brokerage services
 Property management
 Disposition, escrow and closing services

Real estate consumer solutions: Altisource has two technology enabled marketplaces to
simplify the process of buying and selling a home.

 Owners.com: Connects buyers and sellers in an online marketplace and gives them
access to the latest listings
 Hubzu.com: Offers unique properties for sale through a transparent online bidding
platform

Corporate Values:

 Integrity
 People
 Inclusive Meritocracy
 Teamwork
 Customer Centric Quality
 Embrace Change
Awards:
 2016 REAL Trends 500
 2016 HousingWire Tech 100

Recent News:

 Altisource Origination Services rebrands as Telix

Trelix represents a new opportunity to help lenders reduce costs and mitigate risk
through customized mortgage fulfillment solutions and an innovative proprietary
technology platform, which is scheduled for launch in the first quarter of 2017. The
platform will improve mortgage lenders’ competitiveness by better managing
regulatory obligations and helping them efficiently scale their business.

 Hubzu partners with RentRange to display rental income estimates

RentRange is a provider of market data and analytics for the single-family rental
industry. The Hubzu site will pull data from RentRange to identify comparable
properties with a one-to-two mile radius and provide the estimated potential rent
for each one. From there, investors can use that information to determine the
appropriate bid amounts based on their target returns.