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Lenders One Reports Strong Sales Momentum in Origination Solutions
Globenewswire· 2025-12-16 16:04
Core Insights - Altisource Portfolio Solutions S.A. has reported significant sales momentum in its Origination Solutions business, particularly due to strong demand for Lenders One® Credit and Lenders One® Verification services [1][3] - The company has signed contracts with six U.S. mortgage lenders, including a top lender, and expects revenue from these clients to ramp up fully in Q1 2026 [1] Group 1: Sales and Revenue Growth - The company estimates $15 million in annual closed-won contracts from new clients [1] - In Q3 2025, Lenders One Cooperative added 12 total members, with 5 of these new members already utilizing L1 Credit and L1 Verification services [9] - The late-stage pipeline for L1 Credit and L1 Verification services is expanding across multiple lender and servicing clients [9] Group 2: Market Dynamics - Lenders are facing margin pressure and operational complexity, prompting them to seek service providers that can enhance unit economics while maintaining compliance and customer service [3] - The anticipated 2026 industry price increases for credit data and related services are expected to drive greater adoption of L1 Credit and L1 Verification services among Lenders One members [9] Group 3: Company Background - Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries, focusing on operational excellence and innovative services [5] - Lenders One Cooperative, managed by a subsidiary of Altisource, originated approximately $350 billion of mortgages in 2024, making it the largest retail mortgage entity in the U.S. [6]