Hubzu Announces Eric Eckardt as Vice President, Direct to Broker

       Hubzu Announces Eric Eckardt as Vice President, Direct to Broker

PR Newswire

LUXEMBOURG, Jan. 16, 2013

LUXEMBOURG, Jan. 16, 2013 /PRNewswire/ --Online residential real estate
marketplace, Hubzu™ announced the appointment of Eric Eckardt as Vice
President, Direct to Broker. Eckardt will oversee the Direct to Broker
business including long-term strategic planning, market penetration of the
real estate broker community and business development initiatives.

(Logo: http://photos.prnewswire.com/prnh/20120917/PH75166LOGO-b )

Eckardt has more than 15 years of entrepreneurial, real estate and investment
banking experience. Prior to joining Hubzu, Eckardt was most recently the
Founder of Eckardt Holdings, LLC where he launched startup companies,
including a mortgage company and Zonic Realty, an online brokerage named by
Inman News as a most innovative real estate startup finalist. He is a trained
financial credit analyst, a licensed Real Estate Broker in Florida and New
York and holds a Bachelor of Business Administration, Finance from Pace
University.

"Eric has an outstanding record of success and innovation in real estate,"
said Scott Wielar, General Manager of Hubzu. "His extensive knowledge and
proven leadership in the space are valued assets as we strengthen our
competitive position in the online residential real estate market," added
Wielar.

"I look forward to launching the Hubzu™ Real Estate Agent and Broker platform
as a key element to Hubzu's growth initiatives," said Eric Eckardt, Vice
President, Direct to Broker. "Hubzu's progressive online platform and
unwavering commitment to innovation, combined with our value proposition to
the marketplace, positions us to create the most effective and efficient
online transaction platform for buying and selling homes," concluded Eckardt.

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 provides an entirely online experience – 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 www.hubzu.com 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 www.altisource.com.

Investor Contact:               Press Contact:

Michelle D. Esterman            M. Scott May

Chief Financial Officer         Director of Marketing and eCommerce

+352 2469 7950                  770-612-7316

Michelle.Esterman@altisource.lu Scott.May@hubzu.com

SOURCE Hubzu

Website: http://www.hubzu.com