Altisource Delivers End to End Solutions for Servicers
February 16, 2016
Innovative Services and Technology Designed to Meet Servicers' Needs in Highly Regulated Industry
LUXEMBOURG, February 16, 2016 – At the Mortgage Bankers Association Servicing Conference this week, Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider of real estate, mortgage and technology services, will showcase its suite of servicer solutions that support loan servicers throughout the lifecycle of a mortgage loan.
The Altisource servicer solutions span the following areas: Asset Management, Property Preservation and Inspection, Brokerage, Renovation, Rental Property Management, Hubzu® Online Auction Platform, Premium Title™ and Settlement and Springhouse® Appraisal and Valuation. These services can be enabled by the Equator® Default Servicing Platform that provides servicers the ability to oversee their REO, foreclosure, bankruptcy and eviction processes and to connect with their vendors and agents electronically. Together, these offerings allow servicers to efficiently and effectively manage properties across the entire default lifecycle. Additionally, servicers can use Altisource's online real estate capabilities to sell properties through the Hubzu® online marketplace to help achieve increased value for assets sold.
"The servicing industry is gravitating to suppliers who are proven and tested in today's highly regulated environment. Vendors who have scale, broad service offerings, financial backing and best-in-class performance are in demand today," said John Vella, Chief Revenue Officer of Altisource. "We are very proud of what we have built, and we are uniquely qualified to continue to deliver to our clients and the industry."
At the conference, Altisource can be found in the Columbia 35 meeting room. On Wednesday, February 17 at2:00 PM EST, Mr. Vella will speak on a panel entitled, "Servicer Oversight" addressing best practices and lessons learned for subservicer oversight, in addition to key issues in subservicing contracts.
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries. Altisource's proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Additional information is available at altisource.com.