ASPS Stock Discussion

Altisource Portfolio Solutions S.A. Description

Altisource Portfolio Solutions S.A., together with its subsidiaries, provides services related to real estate and mortgage portfolio management, asset recovery, and customer relationship management in the United States. Its Mortgage Services segment offers services that span the mortgage and real estate lifecycle for loan servicers, originators, and investors in single family homes. This segment provides asset management services, which include property preservation, property inspection, real estate owned (REO) asset management, and REO brokerage; residential property valuation; closing and insurance services; origination management services; and default management services, such as non-legal processing and related services for the supervision of foreclosure, bankruptcy, and eviction attorneys, as well as foreclosure trustee services. The company's Financial Services segment offers collection and customer relationship management services primarily to debt originators and servicers, as well as to the utility and insurance industries. This segment provides asset recovery management services, such as post-charge-off consumer debt collection; and customer care and early stage collections, insurance and claims processing, call center, and analytical support services. Its Technology Services segment offers REALSuite of software products consisting of REALServicing, an enterprise residential mortgage loan servicing product; REALTrans, an electronic business-to-business exchange that automates and simplifies the ordering, tracking, and fulfilling of mortgage services; and REALRemit, an electronic invoicing and payment system, as well as provides information technology infrastructure services. The company serves sub-prime servicers, utility companies, commercial banks, servicers, mortgage bankers, financial service companies, and hedge funds. Altisource Portfolio Solutions S.A. was incorporated in 1999 and is based in Luxembourg.

Sector: Industrials
Industry: Business Services
Keywords: Mortgage Loan Commercial Bank Asset Management Asset Management Services Mortgage Hedge Funds CRM Customer Relationship Management Technology Services Portfolio Management Mortgage Broker Insurance Services Loan Servicing Bankruptcy Claims Processing Mortgage Services Technology Infrastructure Debt Collection Foreclosure Information Technology Infrastructure Real Estate Owned Trustee Services Default Management Services Ship Management Services Customer Relationship Management Services Insurance Industries