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Industry Veteran Eric M. Koenig Named President of Hubzu



           Industry Veteran Eric M. Koenig Named President of Hubzu

PR Newswire

LUXEMBOURG, Nov. 25, 2013

LUXEMBOURG, Nov. 25, 2013 /PRNewswire/ -- Eric M. Koenig has been named
President of Hubzu^®, an innovative online real estate marketplace that
empowers home buyers, sellers and their agents to achieve greater value. 
Koenig has driven growth initiatives for technology brands across several
sectors.  Prior to joining Hubzu, Koenig was most recently Chief Operating
Officer and Senior Vice President of Global Business Operations at Expedia. 
Before Expedia, Koenig was Senior Vice President, Head of Corporate
Development and Strategy at AON.  Koenig also held executive product and
engineering leadership roles at Motorola and NAVTEQ.  He began his career in
the United States Navy's nuclear submarine force.

"Eric's leadership, depth of experience and proven track record of execution
will increase the pace of innovation and growth within the Hubzu marketplace,"
said William B. Shepro, Chief Executive Officer of Altisource, the parent
company of Hubzu.

"Hubzu is delivering an innovative online experience by providing home
sellers, buyers and their agents with a transparent, efficient and
insight-rich marketplace for home sale transactions," said Koenig. "We have a
significant opportunity to expand our core platform by growing supply,
increasing the scope of product offerings and delivering a richer experience
to our customers," added Koenig.

About Hubzu^®:
Hubzu is an innovative real estate marketplace that empowers buyers, sellers
and their agents to achieve greater value. Since 2009, we have facilitated the
sale of over 77,000 homes via a transparent online sales and auction process.
Licensed agents and brokers use our platform to list, buy and market
properties for their clients. Home buyers benefit from our search tools,
automated and transparent bidding process and agent referral program to find
and purchase their new home. Hubzu is part of the Altisource Portfolio
Solutions S.A. family of businesses. Additional information is available at
www.hubzu.com, www.facebook.com/hubzu and www.twitter.com @Hubzu.

About Altisource^®:
Altisource is a premier marketplace and transaction solutions provider for the
real estate, mortgage and consumer debt industries offering both distribution
and content. We leverage proprietary business process, vendor and electronic
payment management software and behavioral science based analytics to improve
outcomes for marketplace participants. Additional information is available at
www.altisource.com.

Investor Contact:                 Press Contact:

Michelle D. Esterman              Jennifer J. Grigas

Chief Financial Officer           Senior Manager

+352 2469 7950                    + 1 917 488 5643

Michelle.Esterman@altisource.lu   Jennifer.Grigas@hubzu.com

 

SOURCE Altisource

Website: http://www.altisource.com
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