Profile: Altisource Portfolio Solutions SA (ASPS.O)
4 Aug 2015
Altisource Portfolio Solutions S.A., incorporated on November 22, 1999, is a provider of marketplace and transaction solutions for the real estate, mortgage and consumer debt industries offering both distribution and content. The Company operates in 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, investors and other sellers of single family homes. The Mortgage Services segment provides asset management, insurance services, residential property valuation, 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 Mortgage Partnership of America, L.L.C. (MPA) and its 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 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.
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 consists of REALSuite of software applications, Equator, LLC (Equator) software applications, Mortgage Builder software applications and its information technology (IT) infrastructure management services. The REALSuite platform provides an integrated set of software applications and technologies that manage the end-to-end lifecycle for residential and commercial mortgage loan servicing, including the automated management and payment of a distributed network of vendors. REALServicing is an enterprise residential mortgage loan servicing platform that offers a platform for loan servicing, including default administration. The Company also offers the REALSynergy enterprise commercial loan servicing system. 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 business-to-business exchange that automates and simplifies vendor selection, ordering, tracking and fulfilling of vendor provided services 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. REALDoc is an automated document management platform that consists of three 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 creation, management and delivery platform, and REALDoc Vault, which provides a scalable and distributed storage platform and secure document viewer. REALAnalytics is a software platform that incorporates econometric models and behavioral economics to assist servicers in aspects of servicing, including determination of loss mitigation options for decision-making by the servicer.
The Company's Equator solutions includes EQ Workstation, EQ Marketplace, EQ Midsource and EQ Portal platforms, and 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 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.
The Mortgage Builder solutions include Architect, Surveyance, Colonnade and LoanXEngine technologies, which are software solutions for mortgage banks, community banks, credit unions and other financial institutions. The Architect platform is an origination platform available in the cloud 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.
Altisource Portfolio Solutions SA
40, Avenue Monterey
LUXEMBOURG L - 2163