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Items Tagged with 'Altisource Portfolio Solutions'

ARTICLES

Altisource Residential CEO Ashish Pandey stepping down

Current president George Ellison to take over July 1
Ben Lane
Ashish Pandey, who has served as the chief executive officer of Altisource Residential Corporation since the company was spun off from Altisource Portfolio Solutions in 2012, is stepping down. According to a release from the company, Pandey is leaving Altisource Residential to “pursue personal interests” in India.
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Altisource hires Jim Leath as vice president

Will oversee enterprise sales and business development
Ben Lane
In this role, Leath will be part of Altisource’s sales and business development team, and be responsible for sourcing and managing enterprise clients.
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Flagstar joins Lenders One as preferred investor

Will make mortgage products available to group’s members
Ben Lane
Flagstar Bancorp is joining the Lenders One Mortgage Cooperative. Under the terms of the agreement, Flagstar will now offer its full range of mortgages, including jumbo, renovation and rural mortgage products, to the more than 280 members of Lenders One.
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Altisource hires Lora Helt as vice president

Will oversee enterprise sales and business development
Ben Lane
In this position, Helt will play a “key role in the customer account planning cycle and in ensuring customers’ needs and expectations are met by Altisource,” the company said in a release.
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Survey: TILA-RESPA impact riles most mortgage bankers

Lenders One survey finds compliance with new rules a major concern
Ben Lane
The majority of mortgage bankers are focused on the looming TILA-RESPA rule changes and worry about its impact on their business operations, according to a new survey from Lenders One. What else are they worried about?
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Sterne Agee raises estimate and price target on Altisource Portfolio Solutions

Elimination of unproductive costs “noteworthy”
Trey Garrison
Sterne Agee analyst Henry Coffey is raising the estimate on earnings and price target on Altisource Portfolio Solutions after seeing the company’s first-quarter results posted Thursday. Here’s why.
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Altisource Portfolio Solutions' net income plummets 91%

Cites increased expenses related to "terminated employees and contractors"
Ben Lane
Altisource Portfolio Solutions saw its net income plummet by 91% in the first quarter of 2015. According to Altisource’s CEO, William Shepro, the drop in income was due in part to $13.6 million in expenses “related to terminated employees and contractors and other out-of-the-ordinary items.”
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Altisource opens real estate investor cooperative

Solutions brings together a fragmented market
Brena Swanson
Altisource Portfolio Solutions, a provider of real estate technology, announced its latest housing venture, this time to ease the financial burdens and struggles rental investors face, especially mom-and-pop investors.
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From HW Magazine

Ocwen's terrible, horrible, no good, very bad year

How 2014 rocked Ocwen Financial to its core
Ben Lane
“The existence and pervasiveness of these issues raise critical questions about Ocwen’s ability to perform its core function of servicing loans.” Lawsky said in the letter that in light of these serious issues and the likelihood that thousands of new, inaccurate records are created with each passing day, Ocwen has not approached this problem with the urgency it demands.
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Here are the top 20 for-sale-by-owner markets

Realtors? They don’t need ‘em
Ben Lane
Some of the nation’s most expensive markets are also the ones where homeowners are choosing to eschew the traditional methods of real estate and sell their homes without the help of a Realtor, real estate agent or broker.
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