Tag Archives: Altisource

Altisource Portfolio Solutions, a service provider for the real estate and mortgage industries, announced Thursday the addition of a new VP to grow the company’s valuations business and an expansion of its sales team. Phil Huff joined Altisource as VP and Head of Valuations as well as President and CEO of Springhouse, a full-service appraisal management company owned by Altisource. Springhouse is an indirect subsidiary of Altisource Portfolio Solutions. “Phil brings a deep expertise in technology, sales, marketing and business development strategy and an extensive real estate industry network,” said Joseph A. Davila, President of Servicer Solutions at Altisource. “His proven expertise and seasoned network will be a big factor to the success of our Valuation Services business.”

Since sponsoring Habitat for Humanity in 2016, Altisource has been connecting with local habitat affiliates across the country. Saturday, July 22, along with representation from Fannie Mae and U.S. Bank, they helped build a home alongside the soon-to-be homeowners to plant roots for generations to come.

The platform launched on Monday at the Lenders One Winter Conference in Orlando and will bring buyers and sellers together in a centralized exchange, enabling better communication and shorter sales cycles.

The integration allows clients to experience a seamless, more efficient process within the LendingQB LOS platform.

In an industry that is conforming to technology, mortgage originators are not only streamlining their business verticals to keep up with the industry standard, but they are also aligning with consumer interest by making services convenient and accessible.

With its proprietary algorithm, RentRange calculates rent estimates based on geography-based, market- and property-level analytics, taking into account historical and current trends.

Kevin Cooke, Jr., Director Enterprise Sales and Business Development for Altisource, examines current trends in mortgage servicing including vendor management, regulatory compliance, and more.

Strategic mergers, new data, and a growing platform supporting the growing single-family investment segment is what’s needed to play in the year 2016 and beyond. This select print feature originally appeared in the December 2015 issue of DS News magazine.

In a conference call hosted ahead of Altisource's fourth-quarter earnings release, CEO William Shepro acknowledged that 2014 was "a trying time" for the firm's investors and employees as shares plunged nearly 80 percent. The company's troubles last year can be traced to its relationship with Ocwen Financial Corp., which has faced a growing amount of scrutiny from federal and state regulators related to its growth and operations.

In a letter sent Monday to Ocwen Financial Corporation's General Counsel Timothy Hayes, New York State Department of Financial Service’s (NYSDFS) superintendent Benjamin Lawsky questioned the financial giant on business dealings related to a relationship between Ocwen and Altisource Portfolio Solutions.