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Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries. It combines operational services with a suite of products and technologies to support real estate and mortgage workflows, acting as both a service provider and a marketplace. The company differentiates itself by delivering end-to-end capabilities—combining hands-on operations with software tools—to help clients manage changing market demands. Its goal is to provide practical, scalable solutions that streamline processes in real estate and mortgage markets through a single integrated platform.
Industries
Data & Analytics
Enterprise Software
Financial Services
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Luxembourg
Founded
2009
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Altisource Portfolio Solutions reported service revenue of $48.7 million for Q2 2026, marking a 19% year-over-year increase and 8% quarter-over-quarter growth. The origination segment saw particularly strong performance with 62% year-over-year growth. The servicer and real estate segment generated $34.4 million in revenue, up 8% year-over-year, though adjusted EBITDA for this segment fell 2% to $11.7 million. The company used $6.6 million in net cash for operating activities, driven by increased receivables from revenue growth. Altisource ended the quarter with $23.2 million in unrestricted cash. The company repurchased $2 million of its term loan and has diversified its customer base, with 65% of service revenue now coming from customers other than Onity and Rithm.
Altisource Portfolio Solutions reported first-quarter service revenue of $45.1 million, up 10% year-over-year, driven by a 71% jump in its Origination segment to $13.7 million from sales wins in Lenders One. The Servicer and Real Estate segment declined 5% to $31.4 million due to a one-time 2025 pricing adjustment and lower renovation volume. Adjusted EBITDA fell $800,000 due to a revenue mix shift towards lower-margin origination business. However, GAAP pre-tax income improved to $400,000 from a $4.5 million loss the previous year, primarily due to lower interest expenses. Operating cash flow reached $4.5 million, with $30.3 million in unrestricted cash. Hubzu inventory more than tripled to approximately 18,800 assets, with $12.4 million in annualised stabilised service revenue secured this quarter.
Altisource Portfolio Solutions reported a fourth-quarter loss of $7.2 million, or 66 cents per share. Adjusted earnings were 11 cents per share, whilst adjusted revenue reached $39.9 million. The Luxembourg-based real estate services firm swung to a full-year profit of $1.6 million, or 15 cents per share, with annual revenue of $161.3 million. Altisource shares have risen slightly over 2% year-to-date and are up 30% over the past 12 months.
Altisource names Rick Seehausen president of Lenders One. Seehausen will focus on expanding membership and tech adoption for the mortgage cooperative February 13, 2026, 12:05pm by Sarah Wolak Article Summary. Altisource appoints Rick Seehausen as president of Lenders One, overseeing strategy and operations for the mortgage cooperative. AI Summary Altisource Portfolio Solutions S.A., a provider of real estate and mortgage solutions, has appointed Rick Seehausen as president of its Lenders One Cooperative. Founded in 2000, Lenders One is a national alliance of independent mortgage banks, banks and credit unions. Its members collectively originated about $350 billion in mortgages in 2024, ranking it among the largest retail mortgage entities in the U.S., according to data from the company. The cooperative is managed by an Altisource subsidiary. In the role, Seehausen will oversee the strategic direction and day-to-day operations of Altisource's origination segment, including delivery of its direct origination solutions through the Lenders One brand. He will also work with executive leadership to support the company's long-term growth strategy. Seehausen's responsibilities include expanding Lenders One's membership, increasing adoption of its technology and services, and introducing new offerings designed to meet evolving lender needs, the company explained. "Rick is a highly respected leader with a deep understanding of the mortgage industry," Altisource CEO William B. Shepro said. "His experience makes him an excellent fit for Altisource, and I look forward to working closely with him as we shape the company's strategic direction and continue to scale our solutions across the origination and servicing markets." Seehausen brings more than 30 years of experience in mortgage banking, capital markets and corporate leadership. Most recently, he served as president, chief operating officer and vice chairman of Cherry Creek Mortgage. Before that, he was co-founder, president, CEO and vice chairman of LenderLive. "I'm honored to join Altisource at such an important time for both the industry and the company," Seehausen said. "Altisource and Lenders One have a strong foundation and a clear mission. I look forward to working closely with the Lenders One team and its members, as well as partnering with Altisource's leadership to expand the reach and impact of the Company's solutions across the mortgage industry."
Altisource Portfolio Solutions has appointed Rick Seehausen as President of Lenders One, where he will lead the strategic direction and operations of Altisource's Origination segment. His focus will include strengthening Lenders One's value proposition, growing membership, increasing solution adoption, and launching new products for mortgage lenders. Seehausen brings over 30 years of experience in mortgage banking and capital markets. He most recently served as President, Chief Operating Officer, and Vice Chairman of Cherry Creek Mortgage, and previously co-founded LenderLive, where he held executive roles. Lenders One is a national alliance of independent mortgage bankers, banks, and credit unions. Its members originated approximately $350 billion of mortgages during 2024, collectively ranking as the largest retail mortgage entity in the US.
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Industries
Data & Analytics
Enterprise Software
Financial Services
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Luxembourg
Founded
2009
Find jobs on Simplify and start your career today