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Stock impact report

Altisource Announces First Quarter 2021 Financial Results

Altisource Portfolio Solutions S.A. (ASPS) 
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: ir.altisource.com/investor-relations
Company Research Source: GlobeNewswire
LUXEMBOURG, May 10, 2021 (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, today reported financial results for the first quarter 2021. “In the first quarter of 2021, we continued to execute on our three priorities – accelerating the growth of our origination business, extending our default offerings to the single-family investor market and maintaining cost discipline. Compared to the first quarter of 2020, revenue in our origination business grew by 68% from sales wins, greater market penetration with our existing solutions, the roll-out of a new employment reseller solution and a strong origination market. With short-term demand for our default services constrained due to the pandemic related foreclosure moratoriums and forbearance plans and the expectation that additional restrictions on servicers may largely prohibit foreclosures to c Show less Read more
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