Altisource Portfolio Solutions S.A. operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States, India, Luxembourg, Uruguay, and internationally. It provides property preservation and inspection services, payment management technologies, and a vendor management oversight software-as-a-service (SaaS) platform. The company also offers Hubzu, an online real estate auction platform, as well as real estate auction, real estate brokerage, and asset management services; and Equator, a SaaS-based technology to manage real estate owned, short sales, foreclosure, bankruptcy, and eviction processes. In addition, it provides mortgage origination loan fulfillment, certification and certification insurance services, technologies, title insurance agent, settlement, real estate valuation services, residential and commercial construction inspection and risk mitigation, foreclosure trustee, and commercial loan servicing technology services. Further, the company operates Pointillist, a customer journey analytics platform, as well as offers TrelixTM Connect, Vendorly, RentRange, and other platform solutions. It serves financial institutions, government-sponsored enterprises, banks, asset managers, servicers, investors, non-bank loan originators, correspondent lenders, and mortgage bankers. Altisource Portfolio Solutions S.A. was incorporated in 1999 and is headquartered in Luxembourg City, Luxembourg.
IPO Year:
Exchange: NASDAQ
Website: altisource.com
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B. Riley resumed coverage of Altisource Portfolio Solutions with a rating of Buy
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LUXEMBOURG, March 31, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that the distribution of its previously disclosed issuance of Stakeholder Warrants will take place on April 3, 2025 (the "Distribution Date"). Altisource previously announced the proposed issuance under Luxembourg law under the authorized share capital mechanism, which is more commonly referred to as a distribution in the United States (the "Warrant Distribution"), of transferable Warrants (as defined below) to holders (collectively, the "Stakeholders") of Altisource'
LUXEMBOURG, March 24, 2025 (GLOBE NEWSWIRE) -- Hubzu, an Altisource® business unit and a leading online real estate auction marketplace, proudly announces that we have entered the commercial real estate market. Leveraging our extensive experience in real estate transactions and auctions, Hubzu is now offering a more seamless and efficient solution for buying and selling commercial properties by auction. "Hubzu's expansion into commercial real estate represents a natural evolution of our marketplace. We've built a reputation for helping optimize the purchase and sale of real estate and bringing value to both buyers and sellers; we're thrilled to bring that same level of efficiency and valu
LUXEMBOURG, March 24, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource®" or the "Company") (NASDAQ:ASPS), a leading solutions provider for the real estate and mortgage industries, proudly announces that Hubzu®, a leading online real estate marketplace, has entered the commercial real estate market. Leveraging its extensive experience in real estate transactions and auctions, Hubzu is now offering a seamless and efficient solution for buying and selling commercial properties by auction. "Hubzu's expansion into commercial real estate represents a natural evolution of our auction marketplace. We've built a reputation for helping optimize the purchase and sale of real
Fourth Quarter 2024 Service Revenue and Adjusted EBITDA(1) was the Strongest Since the Third Quarter of 2021 and the Third Quarter of 2020, Respectively LUXEMBOURG, March 13, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2024. "I am pleased with our full year and fourth quarter 2024 performance as we continue to improve our financial results and win new business. In the face of serious market headwinds for both Business Segments, we had strong performance improvements across the
LUXEMBOURG, March 11, 2025 (GLOBE NEWSWIRE) -- On Thursday, March 13, 2025, Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ:ASPS) will report earnings for the fourth quarter and full year 2024. A press release and presentation will be available on Altisource's website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its fourth quarter and full year 2024 results. A link to the live audio webcast will be available on Altisource's website in the Investor Relations section. Those who want to listen to the call should go to the website at least fifteen minutes prior to the call to register, download and instal
CANCUN, Mexico, March 03, 2025 (GLOBE NEWSWIRE) -- Lenders One® Cooperative ("L1" or "Lenders One"), a national alliance of independent mortgage bankers, banks and credit unions (collectively "members"), managed by a subsidiary of Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), welcomes members and providers to the L1 Summit, its annual conference at the Hilton Cancun in Cancun, Mexico. During the three-day event, Lenders One members will celebrate the Cooperative's 25th anniversary, attend keynotes with industry leading speakers, participate in education sessions, and experience one-of-a-kind networking events. Since its March 2024 Summit, L1 added 39 n
LUXEMBOURG, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, announced the closing of its previously announced exchange transaction with one hundred percent (100%) of lenders under the Company's senior secured term loans (the "Lenders") (the "Term Loan Exchange Transactions") and entered into a $12.5 million super senior credit facility (the "Super Senior Facility"). "I am pleased that we executed and closed the Term Loan Exchange Transactions and the Super Senior Facility. We believe these transactions significantly strengthen Altisource's
LUXEMBOURG, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced a proposed issuance under Luxembourg law under the authorized share capital mechanism, which is more commonly referred to as a distribution in the United States (the "Warrant Distribution"), of transferable Warrants (as defined below) to holders (collectively, the "Stakeholders") of Altisource's (i) common stock (the "Common Stock"), (ii) restricted share units ("RSUs") and (iii) outstanding warrants to purchase shares of Common Stock at an exercise price of $0.01 per
LUXEMBOURG, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it anticipates holders of Altisource's common stock, restricted share units and existing penny warrants ("Existing Warrants"), in each case, of record as of February 14, 2025 will receive warrants to purchase approximately 3.25 shares of Altisource common stock at an exercise price of $1.20 per share (the "Warrants") for each share of common stock, restricted share unit and share of common stock issuable upon exercise of Existing Warrants. The Warrants are a compo
The Transactions Contemplated by the Agreement Would (a) Reduce the Company's Current Outstanding Debt Obligations from an aggregate principal amount of $231 Million to, collectively, (i) an up to $110 Million Term Loan, (ii) an up to $50 Million Non-Interest Bearing Exit Fee and (iii) a $12.5 Million Super Senior Credit Facility, (b) Decrease the Company's Annual Cash and PIK Interest by Approximately $18 million1, (c) Extend the Maturity Date of the Term Loan by Five Years, (d) Grant Equity to Lenders, and (e) Grant Warrants to Shareholders LUXEMBOURG, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider
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Fourth Quarter 2024 Service Revenue and Adjusted EBITDA(1) was the Strongest Since the Third Quarter of 2021 and the Third Quarter of 2020, Respectively LUXEMBOURG, March 13, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2024. "I am pleased with our full year and fourth quarter 2024 performance as we continue to improve our financial results and win new business. In the face of serious market headwinds for both Business Segments, we had strong performance improvements across the
LUXEMBOURG, March 11, 2025 (GLOBE NEWSWIRE) -- On Thursday, March 13, 2025, Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ:ASPS) will report earnings for the fourth quarter and full year 2024. A press release and presentation will be available on Altisource's website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its fourth quarter and full year 2024 results. A link to the live audio webcast will be available on Altisource's website in the Investor Relations section. Those who want to listen to the call should go to the website at least fifteen minutes prior to the call to register, download and instal
The Transactions Contemplated by the Agreement Would (a) Reduce the Company's Current Outstanding Debt Obligations from an aggregate principal amount of $231 Million to, collectively, (i) an up to $110 Million Term Loan, (ii) an up to $50 Million Non-Interest Bearing Exit Fee and (iii) a $12.5 Million Super Senior Credit Facility, (b) Decrease the Company's Annual Cash and PIK Interest by Approximately $18 million1, (c) Extend the Maturity Date of the Term Loan by Five Years, (d) Grant Equity to Lenders, and (e) Grant Warrants to Shareholders LUXEMBOURG, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider
LUXEMBOURG, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2024. "We had another solid quarter, demonstrating our resilience in a challenging market. We grew Service revenue both sequentially and year-over-year despite a 15% decline in serious delinquency rates, a 7% decline in foreclosure initiations and a 14% decline in foreclosure sales through August this year compared to the same period last year(3). For the quarter, we generated $38.2 million in Service revenue, a $4.0 million or
LUXEMBOURG, Oct. 22, 2024 (GLOBE NEWSWIRE) -- On Thursday, October 24, 2024, Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ:ASPS) will report earnings for the third quarter 2024. A press release and presentation will be available on Altisource's website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its third quarter 2024 results. A link to the live audio webcast will be available on Altisource's website in the Investor Relations section. Those who want to listen to the call should go to the website at least fifteen minutes prior to the call to register, download and install any necessary audio softwar
LUXEMBOURG, July 25, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the second quarter 2024. "We had a strong second quarter and believe we are on track to achieve our 2024 guidance of 13% to 32% service revenue growth over 2023 and Adjusted EBITDA(1) of between $17.5 million and $22.5 million in 2024, a $21 million improvement in Adjusted EBITDA(1) over 2023 if the midpoint is achieved. For the quarter, we generated $36.9 million of Service revenue and $4.4 million of Adjusted EBITDA(1) and modestly increased cas
LUXEMBOURG, July 23, 2024 (GLOBE NEWSWIRE) -- On Thursday, July 25, 2024, Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ:ASPS) will report earnings for the second quarter 2024. A press release and presentation will be available on Altisource's website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its second quarter 2024 results. A link to the live audio webcast will be available on Altisource's website in the Investor Relations section. Those who want to listen to the call should go to the website at least fifteen minutes prior to the call to register, download and install any necessary audio software
LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2024. "I am very pleased with our first quarter performance. We generated $4.6 million of Adjusted EBITDA(1), marking our best quarterly performance since the third quarter of 2020, on $36.9 million of service revenue. We are winning meaningful new business and ramping 2023 sales wins on a lower cost base. In our Servicer and Real Estate segment, we are winning market share. In our Origination segment, we are increasing adoption
LUXEMBOURG, April 18, 2024 (GLOBE NEWSWIRE) -- On Thursday, April 25, 2024, Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ:ASPS) will report earnings for the first quarter 2024. A press release and presentation will be available on Altisource's website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EDT on the same day to discuss its first quarter 2024 results. A link to the live audio webcast will be available on Altisource's website in the Investor Relations section. Those who want to listen to the call should go to the website at least fifteen minutes prior to the call to register, download and install any necessary audio software
LUXEMBOURG, March 07, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2023. "I am pleased with our performance in 2023 as we continue to strengthen our financial position and win new business which has not fully ramped. In the face of serious market headwinds for both Business Segments, Service revenue in the Servicer and Real Estate segment was only 4% lower than 2022 and Service revenue in the Origination segment outperformed the overall market with a decline of 11% compared
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