Altisource Announces Launch of Hubzu™

                    Altisource Announces Launch of Hubzu™

A New Residential Real Estate Marketplace for Online Home Buying and Selling.

PR Newswire

LUXEMBOURG, Sept. 17, 2012

LUXEMBOURG, Sept. 17, 2012 /PRNewswire/ -- Altisource™ (Nasdaq: ASPS)
announced the launch of Hubzu™, an online residential real estate marketplace.
Hubzu improves the online home buying and selling experience by making it
easier, more efficient and transparent from start to finish. Hubzu puts the
entire experience online – from searching and bidding to financing and
closing. Effective today, Hubzu replaces GoHoming, Altisource's current online
marketplace for real estate. Hubzu is live at and includes all real
estate inventory that was previously on, along with an enhanced
user experience and expanded functionality. The launch capitalizes on
Altisource's position as a global leader in high-value, technology-enabled
residential real estate solutions.

(Logo: )
(Logo: )

"We've had a lot of success with GoHoming, facilitating nearly 60,000 home
sales to date," commented Scott Wielar, General Manager of Hubzu. "However, to
stay at the forefront of the market, our brand experience and scope of
services needed to evolve. We listened to our customers and redesigned the
user experience to make the entire real estate transaction process easier for
home buyers and sellers. With the new features and functionality, we are
further extending our efficiency and transparency in facilitating the home
buying and selling process," continued Wielar.

Buyers can search for homes, bid to buy homes via auction or the traditional
offer process, or use the "Own It Now" feature to edge out competing bidders
and win an auction immediately. The website then guides buyers through the
contracting and financing process in one centralized online location. For
sellers, Hubzu offers faster, easier sales through increased marketing
visibility and the ability to track bids and respond to offers online. In 2012
and early 2013, Hubzu plans to roll out functionality enhancements, new
features and additional inventory for sale.

About Hubzu:

Hubzu is an online residential real estate marketplace that makes it easy for
consumers, investors and brokers to buy and sell homes from start to
finish.Hubzu puts the entire experience online – from searching and bidding
to financing and closing. Hubzu is a trademark of Altisource Solutions, S.a
r.l. Hubzu is part of the Altisource Portfolio Solutions S.A. family of
businesses. Additional information is available at or follow us
on Facebook and Twitter.

About Altisource:

Altisource Portfolio Solutions S.A. (Nasdaq: ASPS) is a global provider of
services focused on high-value, technology-enabled, knowledge-based solutions
principally related to real estate and mortgage portfolio management, asset
recovery and customer relationship management. Additional information is
available at

Investor Contact:               Press Contact:

Michelle Esterman               Scott May

Chief Financial Officer         Director of Marketing and eCommerce

+352 2469 7950                  770-612-7316

SOURCE Altisource

Press spacebar to pause and continue. Press esc to stop.