Altisource Businesses Recognized By HousingWire
March 9, 2015
Equator, Hubzu and Mortgage Builder listed among HW TECH100™ 2015
LUXEMBOURG, March 9, 2015 -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (Nasdaq:ASPS), a leading provider of mortgage, financial and technology services for the real estate industry, today announced that three of its businesses-Equator®, Hubzu® and Mortgage Builder® were recognized on HousingWire's annual HW TECH100™ list of the 100 most innovative technology businesses serving the U.S. mortgage finance and real estate industries.
"Technology and innovation are the foundational elements of how Altisource delivers value to our customers throughout the real estate ecosystem, and we're honored to be recognized for accomplishments on these fronts by HousingWire," said Barbara Goose, Global Chief Marketing Officer at Altisource. "The real estate industry is very dynamic, and having access to integrating technology and expert experience in the real estate, mortgage and financial industries is critical for meeting performance and compliance needs."
The Altisource® businesses named to the list are:
- Equator provides default software solutions for servicers, real estate agents, vendors and other mortgage and real estate industry professionals through a platform in which more than $200 billion in real estate has been processed.
- Hubzu provides an online auction marketplace for residential real estate - with more than 100,000 homes sold since inception - and allows consumers to research, bid, place offers, track and manage property information.
- Mortgage Builder, with a flagship product - the Architect® loan origination system - provides a wide array of end-to-end residential lending software and integration solutions for mobile origination, electronic document management and loan servicing, lead management and CRM for mortgage bankers, banking institutions and credit unions.
"This year, we were struck by the level of innovation we saw, with 40 new additions to the HW TECH100," saidJacob Gaffney, Executive Editor at HousingWire. "That speaks to how much change is taking place in the mortgage industry overall right now; we're seeing a lot of market disruption, and technology providers are clearly taking advantage of that opportunity."
The annual awards program is the only program of its kind to include technology serving both the U.S. residential real estate and U.S. residential mortgage industries. More than 250 companies were evaluated by HousingWire editors for the awards in technology innovation with criteria that included uniqueness of solution, growth, market influence, market potential, and elegance of implementation. More information about the 2015 HW TECH100 is available at: http://tech100.housingwire.com.
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. Altisource leverages proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants. Altisource has been named to Fortune's fastest growing global companies two years in a row. Additional information is available at www.Altisource.com.
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments and real estate operations. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, theAmerican Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com.