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LUXEMBOURG, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider of real estate, mortgage and technology services, today announced that August 2019 marked 10 years of providing innovative residential real estate asset management solutions.
Altisource provides leading financial institutions with a full suite of technology-enabled, residential real estate management services, helping to improve efficiencies while maximizing client performance. These customizable solutions include REO and short sale management, real estate brokerage, online real estate auction, property inspection and preservation, valuations, and title and settlement services. Since its inception in 2009, Altisource has facilitated the sale of over 248,000 properties with the vast majority sold via the Hubzu® online marketing and auction platform. With Hubzu, prospective buyers have the opportunity to bid on an average of 4,000 properties marketed for sale across the U.S. and Puerto Rico at any time. Hubzu’s reputation for transparency, accessibility and convenience has attracted 1.7 million prospective buyers and real estate agents — with approximately 4.5 million bids placed on the platform since 2009.
Key highlights include:
“We are proud of Altisource’s industry leadership and success in developing its asset management and online auction business over the last 10 years,” said John A. Vella, Chief Revenue Officer, Altisource. “We have a unique ability to offer our customers asset management and workflow solutions, as a bundle or as component services. The team remains committed to continuously enhancing our solutions and providing best in class service and performance. I am extremely proud of the team and we look forward to aggressively creating more innovative solutions for our clients and the market over the next decade.”
For more information on the 10th anniversary of Altisource’s asset management services, click here.
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve. Additional information is available at altisource.com.
Source: Altisource Portfolio Solutions S.A.
Michelle D. Esterman
Chief Financial Officer
Britt E. Gottlieb
Senior Manager, Communications