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."

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Preapproval requires some paperwork. You'll want to gather your most recent information since documents typically expire after 60 days. Keep in mind that your Loan Consultant may request additional documentation for different kinds of loans.

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1. Personal and residential history
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2. Employment and income
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Getting prequalified is a positive step in a home search. That's because it offers you a rough estimate of what you may be able to borrow. To get a prequalification letter from a lender, you'll need to provide them with some basic details about finances, including your income, assets and debts. Typically no paperwork is needed.

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