SOURCE: Altisource Portfolio Solutions, S.A.

Altisource Portfolio Solutions, S.A.

October 08, 2015 09:00 ET

Residential Investor One Now Offers Members Discounts From 25 Vendors

Cooperative Connects Residential Real Estate Investors With the Resources and Tools to Profitably Run and Scale Their Businesses

LUXEMBOURG--(Marketwired - October 08, 2015) - The Residential Investor One™ cooperative of residential real estate investors today announced that it has achieved a critical milestone within six months of its inception: bringing twenty-five vendor partners onto its platform. Residential Investor One provides members with access to vendors throughout the residential home investment lifecycle. Members include resale, rental and corporate investors. Residential Investor One is managed by a subsidiary of Altisource Portfolio Solutions S.A.

"The institutional knowledge we have access to in the real estate industry and in building and managing cooperatives has been instrumental in our rapid growth," said Thomas J. O'Sullivan, Chief Executive Officer, Residential Investor One. "With twenty-five vendors from a wide range of categories on our platform, we are in a position to accelerate membership expansion and begin delivering on Residential Investor One's value proposition of enhancing efficiency and profitability for members through access to our preferred vendor network."

Residential Investor One continues to expand its vendor network to provide discounted products and services throughout the investment lifecycle -- including finding, acquiring, financing, rehabbing, renting and selling investment properties - to help members grow. The current twenty-five vendors span several categories including:

Appliances and Insurance Claims Office Management
 Mechanical Equipment AssistanceOffice Supplies
Construction ManagementListing ServicesProperty / Rental
Construction MaterialsMaintenance and Management
 and Services RepairsTitle Services
General Contracting andMarket DataValuation Services
 Inspection Services    

Current vendors include:

*Altisource Rental  Mueller Reports  Roto-Rooter®
 Homes™ *Owners.com® Sitton National Flooring
BargainLocks Office Depot® *Springhouse®
Ferguson Facilities Supply PPG Paints® SterlingBackcheck
Gino Development Inc. *Premium Title™ TruAssets
Granite Creek Cabinetry Property Truly Noble Services
*Hubzu®  Preservation UPS®
MB Field Services™  Servicing, LLC Vineyard Services
Monster.com RentRange ZVN Properties
Motili      

* Altisource®business

For details on the particular services the Residential Investor One vendors offer, please visit ResidentialInvestorOne.com.

About Residential Investor One

The Residential Investor One (ResidentialInvestorOne.com) cooperative offers members the opportunity to benefit from reduced pricing through group purchasing power on the products and services needed for the efficient acquisition, renovation, management and resale of single family investment properties. The cooperative is managed by a subsidiary of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS).

About Altisource®

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries. Altisource's proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Additional information is available at altisource.com.

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