Profile: Altisource Portfolio Solutions SA (ASPS.O)
26 Nov 2014
Altisource Portfolio Solutions S.A. (Altisource), incorporated on November 4, 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 through three business segments: Mortgage Services, Financial Services and Technology Services. Mortgage Services segment provides services that span the mortgage and real estate lifecycle. Financial Services segment provides collection and customer relationship management services to debt originators, servicers and the utility and insurance industries. Technology Services segment consists of the REALSuite platform which provides 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.
The Company outsources mortgage services to loan servicers, originators and investors in single family homes. The Company offers mortgage services, such as asset management, insurance services, residential property valuation, default management services and origination management services.
Asset management services include property preservation, property inspection, real estate owned (REO) asset management, consumer real estate portals - Hubzu.com and Owners.com, and REO brokerage services. The Company also provides property management, lease management and renovation management services for single family rental properties.
Insurance services include insurance services, such as pre-foreclosure and REO title searches, title commitments, settlement and escrow services and 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 services include traditional appraisal products and alternative valuation products. The Company provides these services for loan servicers, lenders and investors in single family homes.
Default management services include foreclosure trustee services for loan servicers and non-legal processing. The Company provides related services for and under the supervision of foreclosure, bankruptcy and eviction attorneys.
Origination management services provides education and training along with revenue enhancing, cost reducing and market share expanding opportunities to its members. The Company provides origination related services in the residential property valuation business.
The Company provides financial services, such as asset recovery management and customer relationship management. Asset recovery management includes post-charge-off debt collection services on a contingency fee basis. Customer relationship management includes customer care and early stage collections services, insurance, claims processing, call center services and analytical support.
The Company provides technology services, such as REALServicing, REALTrans, REALRemit, REALDoc and Equator’s Solutions. REALServicing is an enterprise residential mortgage loan servicing product that offers a platform for loan servicing, including default administration. The Company also offers the REALSynergy enterprise commercial loan servicing system. REALTrans is an electronic business-to-business exchange that automates the ordering, tracking and fulfilling of vendor provided services related to mortgages. REALRemit is an electronic invoicing and payment system that offers vendors to submit invoices electronically for payment and to deposit invoice payments directly to their respective bank accounts. REALDoc is a correspondence management platform that extracts stores and generates correspondence. Equator’s Solutions, such as The EQ Workstation, EQ Marketplace, EQ Midsource and EQ Portal platforms are used separately or together as an end-to-end solution. EQ Workstation provides comprehensive, end-to-end workflow and transaction services to manage real estate related activities. EQ Marketplace provides a coordinated means of purchasing a variety of real estate services from vendors, including realtors, 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.
Altisource Portfolio Solutions SA
40, avenue Monterey