Altisource Portfolio Solutions S.A., together with its subsidiaries, operates as a marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries offering both distribution and content. Segments The company operates through three segments: 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, originators, and investors in single family homes. The company provides these services primarily for loan portfolios serviced by Ocwen Financial Corporation (Ocwen). It also has longstanding relationships with various capital markets firms, commercial banks, hedge funds, insurance companies, and mortgage bankers. Within this segment, the company provides the following services: Asset Management: Asset management services principally include property preservation, property inspection, real estate owned (REO) asset management, the company’s consumer real estate portal - Hubzu and REO brokerage services. It also provides property management, lease management, and renovation management services for single family rental properties. Insurance Services: Insurance services include a range of title insurance services, including pre-foreclosure and REO title searches, title commitments, settlement and escrow services, and other title insurance services, including title insurance for loan originations. The company also provides insurance program management and insurance agency and brokerage services applicable to lenders and residential loan servicers. Residential Property Valuation: Residential property valuation services principally include traditional appraisal products through the company’s licensed appraisal management company and alternative valuation products primarily through its network of real estate professionals. It provides these services for loan servicers, 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, a national alliance of independent mortgage bankers that provides its members with education and training along with revenue improving, cost reducing, and market share expanding opportunities. The company provides other origination related services in the residential property valuation business. In addition, some of the origination related reseller businesses, including the flood certification business, are included in the Technology Services REALSuite business. 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 and insurance industries. Within this segment, the company provides the following services: 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 and early stage collections services, as well as insurance and claims processing, call center services, and analytical support. Technology Services This segment comprises the company’s REALSuite of software applications, Equator, LLC's software applications and its information technology (IT) infrastructure services. The company provides its IT infrastructure services to Ocwen and its subsidiaries, such as Home Loan Servicing Solutions, Ltd.; Altisource Residential Corporation; Altisource Asset Management Company; and its o
altisource portfolio sol
40, avenue Monterey
Phone: 352 2469 7900
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