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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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Information about Bundle Bundle includes real estate brokerage services provided to buyers and sellers by (buy-side and sell-side real estate brokerage services) and, in some states, settlement services provided by’s affiliated providers Premium Title Services Inc. or its applicable affiliate (as applicable, "Premium Title") and mortgage brokerage services provided by another affiliate, Altisource Fulfillment Operations, Inc. d/b/a Loans (" Loans") for mortgage brokerage services. The services offered as part of the Bundle vary by state. If settlement services are available as part of the Bundle in a particular state, such settlement services are for closing and escrow services only and do not include title insurance products or services. The Bundle is available as a result of the shared platform synergy and technology integration between and its affiliated providers that results in streamlined processes and a level of expertise and service that comes from working together over time. Customers may benefit from that integration and expertise by choosing the Bundle when they sell or purchase a property using for real estate brokerage services. 

Selection of services as part of the Bundle is optional and there is no obligation to use’s affiliated providers. For eligible transactions, buyers and sellers will receive a closing credit from at settlement for using services they select from the Bundle. See our Affiliated Business Arrangement Disclosure Statement. Bundle Details:

The Bundle is available to customers in the states set forth below who purchase or sell real estate using’s sell-side and/or buy-side real estate brokerage services (each, a “Transaction”). For certain additional services used by a customer in the Transaction and provided by or its affiliates, eligible buyers and sellers will receive a rebate from of its real estate brokerage commission, reflected as a credit on the settlement statement for the Transaction. To be eligible for the Bundle savings, the customer must enter into a written brokerage agreement with which sets forth the terms of service provided by to the customer (e.g., listing agreement or buyer’s agency agreement) and an agreement which sets forth the specific terms of the Bundle and any eligible real estate brokerage commission rebate and corresponding closing credits. Terms may vary by state. Additionally, eligibility for participation in the program will be determined in the sole discretion of and may be subject to a minimum sales price, lender approval and/or all affiliated parties’ approval and the property not being the subject of a short sale. For all Transactions, payment of the Bundle savings shall be made as a rebate of the brokerage commission via a credit to the buyer or seller, at closing, shown on the HUD-1 or Closing Disclosure and the amount and acceptability of the savings is expressly subject to review and approval of buyer's lender. reserves the right to modify the terms and conditions of the Bundle at any time by modifying these terms, provided however, that no such modification shall amend the terms or any existing written brokerage agreement signed between a buyer or seller and unless such modification is required by law. 

Bundle savings will not consist of a payment or credit from Premium Title or Loans. 

Bundle Savings are in no way dependent upon the purchase of any insurance product or service.

Where the Bundle is Available:  The Bundle is currently available for Transactions in CA, FL, IL, MA, OH, PA, and TX. The amount of the brokerage commission rebate as reflected as a credit on the customer’s settlement statement will vary by state and be based on the eligible services chosen by customer as part of their Bundle. Closing credit is not available for all services in every state. The Bundle is available only to customers who purchase a Professional Listing Package (if engaging to provide services to customers who are selling their property) from or enter into a buyer’s agency agreement with (if engaging to provide services to customers who are purchasing a property). To find out more about the services available as part of the Bundle in any of the states above, please ask your real estate agent or call Customer Care at 800-475-7738. 

Information about Professional Listing Package

Listing packages and pricing vary by state. Where possible, we offer a Professional Listing Package.

Sellers Choose the Level of Agent Support: For the Professional Listing Package, a licensed real estate agent ( agent or a listing agent in the referral agent network) will provide services to market and sell the customer's property as further described in a listing agreement to be signed between the customer and agent. If a customer wants to add on additional brokerage services that are not included as part of the Professional Listing Package, then will work with the customer to add additional services to the package in exchange for an additional fee.

Professional Listing Package Minimum Listing Agent Commission Requirement: The Professional Listing Package is subject to a minimum listing agent commission amount of $3,500. The listing agent commission is the greater of 2% of the purchase price or $3,500.   

Professional Listing Package Buyer’s Agent Commission: The Professional Listing Package 2% listing commission does not include the buyer's agent commission. In order to have a listing published in a multiple listing service ("MLS"), most MLSs require sellers to offer a commission to a licensed real estate agent who represents the buyer. As a result, a customer who selects the Professional Listing Package will be required to offer a buyer’s agent commission to any licensed real estate agent who represents the buyer of the property; the amount of the buyer's agent commission must be agreed to by, the listing agent and the customer and be set forth in the listing agreement.  Unless a customer agrees otherwise, the minimum buyer’s agent commission would generally not exceed three percent 3% of sales price.  If the customer's property is purchased by a buyer who is not represented by an agent, unless the listing agreement states otherwise, the customer will not pay a buyer's agent commission. 

The estimated seller's savings described for the Professional Listing Package throughout the website is based on a traditional listing agent commission of 3% less than the Professional Listing Package commission of 2%. 

Additional MLS Fees: In certain circumstances, Seller may be required to pay an additional fee after the property is sold to cover additional fees charged by the MLS. Such charges, if any, will be explained and set forth in the listing agreement Seller enters into with

Information about Estimates Estimates use a wide range of data sources and cutting edge analytics to arrive at our best estimate for a property, but this estimate and any estimate that you may create using the "Create your own estimate" tool are not appraisals or other formal valuations of a property. All estimates are provided for informational purposes only, on an as-is basis, and without any representation and warranty. Any actions taken based on such estimates are at your own risk. For advice regarding the valuation of a property, please contact a real estate professional.

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