Items Tagged with 'Altisource Portfolio Solutions'

ARTICLES

  • Altisource says CFPB will not fine company over relationship with Ocwen

    REALServicing at the center of CFPB probe
    Just over a year ago, Altisource Portfolio Solutions disclosed that the Consumer Financial Protection Bureau was investigating the company’s relationship with Ocwen Financial, but now, it looks that investigation is over. Altisource revealed Thursday that the CFPB told the company that its investigation has been completed and that the agency will not pursue an enforcement action against the company.
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  • Altisource’s Premium Title expands to four new states

    Now providing services in Idaho, New Mexico, Oregon, Washington
    Premium Title, a provider of title and escrow services and a member of the Altisource Portfolio Solutions family of companies, is set to expand to four new states. The company announced Tuesday that it secured escrow licensing in Idaho, New Mexico, Oregon, and Washington, which allows the company to begin offering services in those states.
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  • Ocwen moves closer to profitability amid extensive business changes

    Posts net loss of $6 million in third quarter
    It’s been a rough year for Ocwen Financial, but the company’s executives said Thursday that despite the nonbank posting its 4th straight quarterly loss, they believe they have the company pointed in the right direction. Here's why Ocwen is positive about its future.
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  • The Ocwen connection: New Residential, Altisource Portfolio Solutions ink REO agreement

    Altisource will provide marketing, listing services for REOs included in Ocwen MSRs
    Over the last few months, New Residential Investment significantly increased its mortgage servicing rights portfolio through a deal with Ocwen Financial. But that’s not the only new connection between Ocwen and New Residential, as a company that has a close relationship with Ocwen just inked a new deal with New Residential – Altisource Portfolio Solutions.
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  • Altisource launches mortgage trading platform

    noteXchange to deliver greater efficiency
    Yet another company found a way to increase their security in light of the increasing number of hacks in the mortgage space. Altisource launched its new mortgage trading platform which creates more efficiency and security in the secondary mortgage market.
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  • Altisource Portfolio Solutions to pay $32 million to settle class action suit over Ocwen relationship

    Investors sued when stock plummeted after NYDFS investigation
    Altisource Portfolio Solutions revealed recently that the CFPB is looking into the company’s relationship with Ocwen Financial. But that wasn’t the only Ocwen-related revelation of the week. The company also reached a $32 million settlement in a class action lawsuit brought by Altisource investors who claimed financial harm after Altisource’s stock plummeted when the New York Department of Financial Services began investigating the company’s relationship with Ocwen in 2014.
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  • Altisource Portfolio Solutions reveals CFPB probe into relationship with Ocwen

    Received letter about potential enforcement action
    The Consumer Financial Protection Bureau is looking into the relationship between Altisource Portfolio Solutions and Ocwen Financial, Altisource revealed on Thursday. According to Altisource, the CFPB is “considering a potential enforcement action against Altisource relating to an alleged violation of federal law that primarily concerns certain technology services provided to Ocwen.”
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  • Altisource Origination Services rebrands as Trelix

    Will launch new tech platform in 2017
    Altisource Origination Services announced today it is leaving the Altisource name behind, and rebranding itself as Trelix. The name change is more than just a name change, according to the company president, who calls it the next step in the company's evolution. The company will also make another announcement in 2017 introducing its new technology platform.
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  • Altisource Residential doubles single-family rental portfolio with $652 million deal

    Agrees to buy 4,262 rental homes
    When Altisource Residential said last year that it planned to grow its portfolio of single-family rental homes by 900% – from 2,516 to more than 25,000 – over the next few years, the company apparently wasn’t kidding. Altisource said Friday that it is buying a portfolio of 4,262 single-family rental properties for an aggregate purchase price of $652.3 million, a deal that more than doubles Altisource’s rental holdings.
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