Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries in the United States. 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, investors and other sellers of single family homes. The company provides most 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 and mortgage bankers. Asset Management: 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. Insurance Services: Insurance services include a range of insurance services, including pre-foreclosure, REO and refinance title searches, title insurance agency services, settlement and escrow services and loss draft claims processing. Residential Property Valuation: 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 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 principally include Mortgage Partnership of America, L.L.C. (MPA) and the company’s contract underwriting and quality control businesses. MPA serves as the manager of Best Partners Mortgage Cooperative, Inc., which is referred to as the Lenders One Mortgage Cooperative (Lenders One), a national alliance of independent mortgage bankers that provides its members with education and training along with revenue enhancing, cost reducing and market share expanding opportunities. The company provides other origination related services in the residential property valuation business and insurance services businesses. In 2014, the company launched a new cooperative, Best Partners Mortgage Brokers Cooperative, Inc., which is referred to as the Wholesale One Mortgage Cooperative (Wholesale One), for the wholesale mortgage industry. Wholesale One provides a platform for mortgage brokers, wholesale lenders and related vendors to provide quality loans to U.S. consumers nationwide. The new cooperative would assist mortgage brokers and other third party originators with tools to improve their businesses. Financial Services This segment provides collection and customer relationship management services primarily to debt originators and servicers (credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. Asset Recovery Management: Asset recovery management principally includes post-charge-off debt collection services on a contingency fee basis. Customer Relationship Management: Customer relationship management principally includes customer care, technical support and early stage collections services, as well as insurance call center services and administrative support. Technology Services This segment includes the company’s REALSuite of software applications, Equator, LLC (Equator) software applications, Mortgage Builder software applications and the company’s information technology infrastructure management services. The company provides its information technology infrastructu
altisource portfolio sol
40, avenue Monterey
Phone: 352 2469 7900
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