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Company Description

Contact Info

40, avenue Monterey

Luxembourg, 2163

Luxembourg

Phone: 352 2469 7900

Fax:

Altisource Portfolio Solutions S.A. operates as a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. Segments The company operates through three segments, including Mortgage Services, Financial Services, and Technology Services. Mortgage Services This segment provides services that span the mortgage and real estate lifecycle, and is outsourced by loan servicers, loan originators, home investors and other sellers and buyers of single family homes. The company provides majority of these services primarily for loan portfolios serviced by Ocwen Financial Corporation and its subsidiaries (Ocwen). It also has longstanding relationships with commercial banks, insurance companies, mortgage bankers and other companies involved in the mortgage industry. Within the Mortgage Services segment, the company provides various services. Asset Management Services: Asset management services principally include property preservation, property inspection, real estate owned (REO) asset management, the Hubzu and Owners.com consumer real estate portals and real estate brokerage services. The company also provides property management, lease management and renovation management services for single family rental properties. It provides rental home data and information to the financial services and real estate industries and an online residential real estate investor search and acquisition platform. Insurance Services: Insurance services include an array of insurance services, including pre-foreclosure, REO and refinance title searches, title insurance agency services, settlement and escrow services, and loss draft claims processing. The company also provides financial products (including insurance) and services to parties involved in the origination, underwriting, purchase and securitization of residential mortgages. Residential Property Valuation Services: Residential property valuation services principally include traditional appraisal products through the company’s licensed appraisal management company and alternative valuation products, some of which are provided through its network of real estate professionals. The company generally provides these services for residential loan servicers, residential lenders and investors in single family homes. Default Management Services: Default management services principally include foreclosure trustee services for loan servicers and non-legal processing and related services for and under the supervision of foreclosure, bankruptcy and eviction attorneys. Origination Management Services: Origination management services include products, services and solutions utilized in the origination, underwriting and purchase of primarily residential mortgages. Through the Mortgage Partnership of America, L.L.C. (MPA) and the company’s Altisource Origination Services business, which provides outsourced business services to mortgage market participants, including due diligence, fulfillment, contract underwriting and quality control services, the company is focused primarily on the residential mortgage market. MPA serves as the manager of Best Partners Mortgage Cooperative, Inc., doing business as the Lenders One mortgage cooperative (Lenders One), a national end-to-end marketplace for mortgage bankers and other mortgage market participants. The company provides other origination related services in the residential property valuation business and insurance services businesses. In 2014, it launched Best Partners Mortgage Brokers Cooperative, Inc., doing business as the Wholesale One Mortgage Cooperative (Wholesale One) for the wholesale mortgage market. Wholesale One assists mortgage brokers and other third party originators with tools to improve their businesses and obtain access to the capital markets. In 2015, the company launched Best Partners Residential Investor Cooperative, Inc., doing business as the Residential Investor One cooperative (Residential Investor One). Residential Investor One is formed to deliver savings and efficiencies to individual and institutional residential real estate investors. Financial Services Th

 

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ASPS

Industry Average

Valuation ASPS Industry Range
Price/Earnings 15.9x
Price/Sales 0.4x
Price/Book 6.6x
Price/Cash Flow 5.0x
TEV/Sales NM Not Meaningful
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