Profile: Altisource Portfolio Solutions SA (ASPS.O)
2 Dec 2016
Altisource Portfolio Solutions S.A., incorporated on November 22, 1999, is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services.
The Company's Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes. The Mortgage Services segment provides asset management services, insurance services, residential property valuation services, default management services and origination management services. The asset management services 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.
The Company's 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 Residential property valuation services include traditional appraisal products through its licensed appraisal management company and alternative valuation products. The Company provides residential property valuation services for residential loan servicers, residential lenders and investors in single family homes. The Company's default management services 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.
The Company's 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 loan due diligence, fulfillment, contract underwriting and quality control services, the Company is focused on the residential mortgage market.
The Company's Financial Services segment provides collection and customer relationship management services to debt originators and servicers (credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. The Financial Services segment provides asset recovery management and customer relationship management services. The asset recovery management includes post-charge-off debt collection services on a contingency fee basis. The customer relationship management includes customer care, technical support and early stage collections services, as well as insurance call center services and administrative support.
The Company's Technology Services segment provides a portfolio of software, data analytics and infrastructure management services that support the management of mortgage and real estate activities and marketplace transactions across the mortgage and real estate lifecycles. The Company's software and analytics solutions include various software solutions, such as REALServicing, REALSynergy, REALResolution, REALTrans, REALRemit, REALDoc, Equator, Mortgage Builder, REALAnalytics and Pointillist.
REALServicing is an enterprise residential mortgage loan servicing platform that offers a platform for loan servicing, including loss mitigation and loan modifications. This solution spans the loan servicing lifecycle from loan boarding to satisfaction, including automation for collections, borrower communications, payment processing and reporting. REALSynergy is a commercial real estate and multi-family loan servicing application that provides servicing and asset management capabilities. REALResolution is a technology platform that provides servicers with an automated default management and home retention solution for delinquent and defaulted loans.
REALTrans is an electronic services marketplace platform that automates vendor selection and the ordering, tracking and fulfilling of vendor provided services principally related to real estate and mortgage marketplaces. REALRemit is an electronic invoicing and payment system that provides vendors with the ability to submit invoices electronically, provides payors with the ability to automatically adjudicate invoices according to user defined rules and for electronic payments to be fulfilled subject to approval review rules and workflows. REALDoc is an automated document management platform that consists of three primary modules: REALDoc Capture, which converts document images into processable data, indexes documents and provides customizable workflows based on data attributes; REALDoc Correspondence, which provides a scalable correspondence generation, management and delivery platform, and REALDoc Vault, which provides a scalable and distributed storage platform and secure document viewer.
Equator is an integrated real estate management platform consisting of various modules, which include EQ Workstation, EQ Marketplace, EQ Midsource and EQ Portal that can be used separately or together as an end-to-end solution. EQ Workstation provides end-to-end workflow and transaction services to manage real estate and foreclosure related activities. EQ Marketplace provides a coordinated means of purchasing a range of real estate services from vendors, including real estate brokerage, title, closing, inspection and valuation. EQ Midsource allows users of EQ Workstation to outsource all or specific components of real estate related activities. EQ Portal provides realtors direct access to process real estate transactions with secure exchange of data and documents along with realtor marketing, training and certification.
Mortgage Builder is a loan origination platform consisting of various modules, including Architect, Surveyance, Colonnade and LoanXEngine for mortgage banks, community banks, credit unions and other financial institutions. The Architect platform is a cloud-based, all-inclusive origination platform that manages loans from prequalification through interim servicing and delivery. The Surveyance platform is a mobile origination solution that provides originators with the ability to service their clients remotely. The Colonnade platform is a loan servicing solution and the LoanXEngine platform provides customer relationship management and product pricing and eligibility solutions.
REALAnalytics is a data analytics and delivery platform that utilizes advanced econometric modeling and behavioral economics to assist mortgage and real estate service providers in optimizing risk management, value measurement, loss mitigation and consumer behavior outcomes across the mortgage and real estate lifecycle. Pointillist is a cloud-based customer intelligence platform that empowers marketers to identify critical customer paths to purchase, upsell and satisfaction. The Pointillist marketing analytics platform is designed to reveal how consumer experiences drive business outcomes and analyze customer behavior to drive results across channels and over time.
Altisource Portfolio Solutions SA
40 Avenue Monterey