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Altisource

@altisource.com

Altisource Portfolio Solutions S.

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About

Description

Altisource is a global provider of real estate, mortgage, and financial services based in Luxembourg. The company was founded in 2009 as a spin-off from Ocwen Financial Corporation, a leading loan servicing and asset management company. Altisource's headquarters are located in Luxembourg City, Luxembourg.


Altisource offers a wide range of products and services that help streamline the mortgage and real estate industries. Its main products and services include loan servicing, asset management, real estate brokerage, mortgage originations, property preservation, and title and escrow services. The company provides comprehensive solutions that cover the entire lifecycle of a mortgage, from origination to default management and property disposal.


Altisource operates on a global scale, with a presence in North America, Europe, and Asia. The company has several noteworthy subsidiaries, including ASF Title & Closing Services, Mortgage Builder Software, and Lenders One. Altisource also has strategic partnerships with various industry leaders, including Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development (HUD), which further enhances its market position.


In terms of market position, Altisource is considered a prominent player in the real estate and mortgage industry. The company has achieved global sales of over $1. 7 billion annually and has consistently been ranked among the top providers in the market.


Altisource faces competition from other industry giants like Black Knight Financial Services, CoreLogic, and RealPage. Altisource has undergone significant growth and transformation since its inception. In recent years, the company has focused on expanding its product offerings and diversifying its portfolio.


It has also undertaken strategic acquisitions to strengthen its market position and enhance its capabilities. Notably, in 2018, Altisource acquired RenoVue, a software company specializing in automated vendor payment and reconciliation solutions, further enhancing its technology-driven offerings. As of the latest updates, Altisource continues to drive innovation in the industry and position itself as a leading global provider of real estate and mortgage services.


The company remains dedicated to delivering value to its clients and expanding its market presence

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

2009

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