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50 SPECIAL ADVERTORIAL SECTION SHORT SALE TECHNOLOGY/OUTSOURCER PROFILE Short Sales Technology and Outsourcing Profiles SPECIAL ADVERTORIAL SECTION Altisource Portfolio Solutions, S.A. KEY PERSONNEL William B. Shepro Chief Executive Officer Kevin J. Wilcox Chief Administration Officer Michelle D. Esterman Chief Financial Officer Barbara L. Goose Chief Marketing Officer John Vella Chief Revenue Officer Staffing » Number of company employees: Approx. 8,000 Business lines, services and products: » Short Sale Program Management » Hubzu Real Estate Marketplace » REALHome TM Services and Solutions (RHSS TM ) Brokerage » Asset Management Services » Property Preservation and Inspection Services » Renovation Services » Rental Property Management » Valuation Services » Title and Settlement Services » Lenders One ® Mortgage Cooperative » Equator Business Solutions » Mortgage Builder ® Originations Technology CORPORATE DETAILS: 1.877.839.7117 | robert.mckinley@altisource.com | altisource.com COMPANY DESCRIPTION: Altisource Portfolio Solutions, S.A., is a leading provider of real estate and mortgage-based services and technology. Its sophisticated Short Sale management program helps a loan servicer to validate that a short sale request represents the best market price possible. By actively marketing the homes on the Hubzu ® Real Estate Marketplace and publishing all pending bids to increase transparency and competition, the program reduces the risk of fraud, often increases sales proceeds, and shortens marketing and approval timelines. COMPANY HISTORY: Founded in 2009 as a dedicated asset manager of distressed portfolios, Altisource S.A. has established itself as an industry leader in the mortgage, financial and technology services sectors. Its businesses span the mortgage lifecycle from mortgage origination through REO disposition. Our 24/7 global operations include more than 8,000 employees. REGULATORY COMPLIANCE: Clients of the Altisource ® Short Sale program are better able to manage their regulatory compliance due to the program's: » Transparent process and clear communication of requirements. » Predictable approval process, reducing reputational risk and borrower escalations for clients. » Seamless integration with the Equator ® servicing technology, with controlled workflow processes, automated document storage and programmed timeline management rules. KEY FEATURES/BENEFITS » Early search and proactive engagement of qualifying borrowers » Amplified marketing efforts through the Hubzu Real Estate Marketplace and 200+ syndicated partner listings » Simplified process and transactional support, including document coordination and collection » Transparent bid management and review » Fair and predictable approval process » Clear resolution and timely closing 1 » Full commission paid to seller's and buyer's real estate agents » No additional charges to borrowers or servicers to participate 2 WHAT SETS YOU APART FROM YOUR COMPETITORS? 1. Scale and Marketing: Altisource manages the disposition strategies for over 50,000 residential properties each year and has sold over 140,000 properties since 2009. This scale and experience enables Altisource to drive increased buyer traffic through means not available to traditional short sale agents or specialists. 2. Hubzu Real Estate Marketplace: By marketing short sale auctions simultaneously through the MLS, Hubzu and 200+ syndicated partner listings, Altisource increases the prospective buyer pool and instills urgency for serious buyers to engage early. Its typical seven-day auction cycle allows for multiple attempts to achieve an acceptable price in a short amount of time, compared to traditional short sales, which typically allow only one attempt to identify a buyer within the time limit. For 2015 year-to-date 3 performance, Hubzu marketing achieved a higher sale price compared to the traditional short sale price for approximately 56 percent of the short sales enrolled in the program—with an average increase in net proceeds greater than $20,000 for the borrower and investor. 3. Transparent Processes: The Altisource Short Sale program increases fairness and transparency by publishing all bids to deter fraud and collusion and by implementing pricing strategies based on investor requirements. Borrowers and listing agents are able to monitor Hubzu bid activity. All successful bids are contingent on final investor approval. WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS? » Altisource's Short Sale program solves the key challenges presented by traditional short sales through seamless integration of controlled and predictable process management, Hubzu online market validation, short sale certified listing agents 4 , transparent bid management and integration of Equator servicing technology. 1 Auction cycle length can be customized to meet client requirements 2 No additional fees as compared to traditional short sales 3 For short sales enrolled in the Altisource Short Sale program and closed from 1/1/15 through 3/13/15 4 For short sales where the borrower has not engaged a listing agent and requests seller representation National coverage, including Virgin Islands, Puerto Rico, and Guam