Luxembourg, October 8, 2019 - 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 decided to wind down and close’s operations. The Company believes that closing supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

" has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing is in Altisource’s best interests given the time horizon and level of additional investments needed in order for to operate independently. I am proud of the very talented and dedicated team and want to thank them for their contributions."

Money-saving benefits for veterans.

Special home-buying benefits are available to veterans and military families including lower down payments, no money down and easy qualification standards. Eligibility is based on years of service in the military. See if you qualify.


VA loans are an amazing benefit for those who served our country. See how they stack up against traditional mortgages.

Veteran Loans
  • Guaranteed by the government, which enables banks to offer you a better interest rate

  • Buy with $0 down

  • No private mortgage insurance (PMI)

  • New housing comes with a 1-year warranty

    Home must meet VA-approved construction standards

  • Easier to qualify with relaxed standards

Conventional loans
  • Good credit needed to get the best rate

  • Low down payment mortgages available to qualified buyers

  • PMI required if you put less than 20% down

  • No home warranty with conventional financing

  • Strict standards and eligibility requirements

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