Company Performance - Altisource Portfolio Solutions reported a quarterly loss of $0.37 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.33, but an improvement from a loss of $0.45 per share a year ago [1] - The company posted revenues of $32.21 million for the quarter, missing the Zacks Consensus Estimate by 6.25% and down from $32.81 million year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates only once and has missed revenue estimates three times [1] Stock Performance - Altisource Portfolio shares have declined approximately 17.7% since the beginning of the year, contrasting with a 7% gain in the S&P 500 [2] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [4] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is -$0.34 on revenues of $35.15 million, while the estimate for the current fiscal year is -$1.30 on revenues of $163.67 million [4] - The trend of estimate revisions for Altisource Portfolio is mixed, which could change following the recent earnings report [4] Industry Context - The REIT and Equity Trust industry, to which Altisource Portfolio belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges ahead [5] - The performance of Altisource Portfolio may be influenced by the overall outlook of the industry [5]

Company Performance - Altisource Portfolio Solutions reported a service revenue of $136.6 million for the full year 2023, with a loss before income taxes of $(52.3) million and a net loss attributable to Altisource of $(56.3) million [6][7] - The company improved its total Adjusted EBITDA by $15.7 million in 2023 compared to 2022, with margins in the Servicer and Real Estate segments increasing to 25% from 18% [3][4] - In the fourth quarter of 2023, service revenue was $32.2 million, with a net loss attributable to Altisource of $(13.2) million [7][8] Business Segments - Service revenue in the Servicer and Real Estate segment was only down 4%, while the Origination segment outperformed the market with an 11% decline compared to a 36% decline in industrywide residential origination volume [4][5] - Adjusted EBITDA in the Business Segments improved by $7.8 million (30%) to $34.2 million in 2023 compared to 2022 [4] - The company ended 2023 with a weighted average sales pipeline estimated between $43 million and $53 million [4] Industry Context - Industrywide mortgage origination volume decreased by 36% in 2023 compared to 2022, while foreclosure initiations were 4% lower than in 2022 [5] - The industrywide early-stage mortgage delinquencies increased by 15% in December 2023 compared to December 2022 [5] - The seriously delinquent mortgage rate decreased to 1.3% in December 2023 compared to 1.6% in December 2022 [5] 2024 Financial Guidance - For 2024, the company forecasts service revenue to be in the range of $155 million to $180 million, representing a growth of 13% to 32% compared to 2023 [2][10] - Adjusted EBITDA is anticipated to be in the range of $17.5 million to $22.5 million, driven by revenue growth and lower corporate costs [2][10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-34354 ALTISOURCE PORTFOLIO SOLUTIONS S.A. (Exact name of registrant as specified in its Charter) Luxembourg 98-0554932 (State or other ...

Exhibit 99.1 | --- | --- | |---------------------------|------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | FOR IMMEDIATE RELEASE | FOR FURTHER INFORMATION CONTACT: | | | Michelle D. Esterman Chief Financial Officer T: (770) 612-7007 E: Michelle.Esterman@altisource.com | ALTISOURCE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Luxembourg, March 7, 2024 - Altisource Portfolio Solutions S.A. ("Altisource" or th ...

Core Insights - Lenders One Cooperative (L1) is hosting its annual summit in Los Angeles, focusing on strengthening its member network and enhancing service offerings [1][4] - Since March 2023, L1 has added 39 new members and improved its direct solutions to support its mission of maximizing revenue and reducing costs for its members [2][5] Company Developments - Lenders One has introduced various direct solutions including credit reporting, flood zone determinations, and homeowners insurance to enhance member services [2] - The launch of L1 Credit, a full credit reporting agency, provides members with essential credit-related products necessary for loan manufacturing [2] - L1 Flood offers flood zone determinations accepted by major mortgage investors, ensuring compliance with the National Flood Insurance Program [2] - L1 Insurance, in collaboration with CastleLine and Policygenius, provides competitive homeowners insurance quotes, streamlining the loan closing process [2] Capital Market and National Program Solutions - Lenders One has expanded its Capital Markets and National Programs offerings, adding three new Preferred Providers: FICO, OptiFunder, and Truv [3] - FICO provides a standard measure of consumer credit risk used by 90% of top US lenders, enhancing risk management [3] - OptiFunder offers a Warehouse Management System that optimizes warehouse allocation and reduces finance expenses for originators [3] - Truv automates verification of income and employment, now approved as a Freddie Mac AIM provider, improving efficiency in mortgage lending [3] Industry Context - Lenders One members collectively originated approximately $485 billion in mortgages during 2022, making it the largest retail mortgage entity in the U.S. [5] - The cooperative aims to help its members navigate the challenging mortgage origination environment by providing innovative solutions and support [2][4]

Core Viewpoint - Altisource Portfolio Solutions S.A. is set to report its earnings for the fourth quarter and full year of 2023 on March 7, 2024, indicating a significant upcoming event for stakeholders [1]. Group 1: Earnings Report - The earnings report will include results for both the fourth quarter and the full year of 2023 [1]. - A press release and presentation will be accessible on Altisource's website in the Investor Relations section [1]. - A conference call is scheduled for 8:30 a.m. EST on the same day to discuss the results, with a live audio webcast available [1]. Group 2: Company Overview - Altisource Portfolio Solutions S.A. operates as an integrated service provider and marketplace for the real estate and mortgage industries [2]. - The company combines operational excellence with innovative services and technologies to address the demands of changing markets [2]. - Additional information about the company can be found on its website [2].

LUXEMBOURG, Feb. 22, 2024 (GLOBE NEWSWIRE) -- On Thursday, March 7, 2024, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the fourth quarter and full year 2023. A press release and presentation will be available on Altisource’s website in the Investor Relations section. Altisource will also host a conference call at 8:30 a.m. EST on the same day to discuss its fourth quarter and full year 2023 results. A link to the live audio webcast will be available on Altisourc ...

LUXEMBOURG, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource®" or the "Company") (NASDAQ:ASPS), a leading provider and marketplace for the real estate and mortgage industries, proudly announces that three of its innovative technology businesses—Hubzu®, Equator®, and RentRange®—have been distinguished by HousingWire in their annual HW TECH100™ Real Estate list for 2024. This prestigious award recognizes the 100 most innovative technology companies serving the real estate sec ...

EL PASO, Texas, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Lenders One® Cooperative ("L1" or "Lenders One"), a national alliance of independent mortgage bankers, banks and credit unions managed by a subsidiary of Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ:ASPS), is pleased to welcome 29 new member companies that joined during the 2023 calendar year. The addition of these members amid the challenging mortgage origination environment is a testament to the power of the Cooperative's mis ...

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Michelle Esterman - CFO Bill Shepro - Chairman and CEO Conference Call Participants Raj Sharma - B. Riley Financial FBR Mike Grondahl - Northland Securities Operator Good day. Welcome to the Altisource Third Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers' presentation there will be a question-and-answer session ...