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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

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 Owners.com’s operations. The Company believes that closing Owners.com 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.

"Owners.com 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 Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."

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Managing your Owners.com account

Logging in and passwords

Click on the Sign in link at the top right-hand corner of our website and enter your email address (which is your user name) and password. You can also click here to access the sign in screen.

Yes, you can change your password at any time. Sign in to your account and select the Manage My Listing tile. In the menu that appears below, click the Password in the Account Settings section to the right.

No problem! We can email you a link to reset it. Go to the sign in screen and click the Forgot Password link.

SMS Messages

On any Owners.com contact page, you should see a field where you can enter your phone number and consent to receiving calls and SMS messages from Owners.com and its affiliates. When you submit the information, you are consenting to receiving these calls and SMS messages.

We collect your phone number for multiple purposes in order to support you through your buying or selling process. We may contact you from time to time via phone or SMS to provide further information about our products and services, or to help you to set an appointment with an agent. For example, we may text your mobile number to remind you of your appointments (tour reminder) or update you on a property price change.

Please see the following link to the Owners.com Privacy policy (https://www.altisource.com/Privacy-Policy) which details how we treat your information.

Yes, of course. We will be sad to see you go, but your right to choose how to be contacted is very important to us. The easiest and fastest way is to unsubscribe is to reply to our latest SMS number with only the word “STOP”. And you will no longer be contacted via SMS. Alternatively you can contact Owners.com Customer Care at (800) 475-7738 or [email protected]​ and request to be unsubscribed from SMS messaging. Even if you opt-out by calling or emailing Owners.com Customer Care, we highly recommend you also reply to our latest SMS message with only the word “STOP” to expedite your request.

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