Altisource Tech to power investor marketplace

It may soon become easier for investors in single-family rental homes to acquire and liquidate individual properties or entire portfolios more efficiently using a unique online marketplace that Altisource creates with

Since its launch in 2018, donors says the site has reviewed, subscribed or marketed nearly 200,000 single-family rental units, with an average inventory of $ 1 billion of single-family rental (SFR) and construction-for-rent (BFR) listings available on the site.

Under a memorandum of understanding announced on Monday, Altisource will integrate data and services into the marketplace to create a “collaborative and fully integrated digital acquisition and disposition platform” to streamline business processes. transactions and to provide services such as listing, financing, title, inspection and management of property.

Altisource, an integrated service provider and marketplace for the real estate and mortgage industries, operates Hubzu, an online real estate auction platform, and, a property search site that helps investors find, acquire and manage single-family rental properties, foreclosures and short sales.

In addition, Altisource manages the Best Partners Mortgage Cooperative Inc., which operates as a Lenders One. National Alliance of Independent Mortgage Bankers, Lenders One has more than 240 member companies, including not only banks, credit unions and independent mortgage banks, but also real estate companies and affiliates of builders, each from 50 to $ 25 billion. mortgages annually.

Altisource data and services to be integrated into include rental data from RentRange, asset valuation data from Springhouse, Hubzu auction services, closing and title services of Premium Title, and inspection and construction services.

“We believe that this multiplatform collaboration is really one of CRE’s biggest disruptions [commercial real estate] industry, ”said Jeff Cline, executive and principal of, in a declaration. “Our aim is to offer [single-family residential] investors, whether they are buying or selling one or more houses in a larger bulk portfolio, a solution to speed up and simplify the investment process with technology and assistance so that they can achieve their investment goals and management and compete with larger-scale investors. “

The operator SFRhub Advisors is a national commercial real estate brokerage firm dedicated to single-family residential investment portfolios and rental construction of five or more units. The Company is a franchise owned and operated independently by SVN International Corp., a full-service commercial real estate franchisor under the SVN brand.

Competitors include Doorvest, a Houston-based rental homeownership startup that helps consumers buy and manage rental properties. Doorvest announced a funding round of $ 39 million this month.

The shares of Altisource’s Luxembourg-based holding company, Altisource Portfolio Solutions SA, are traded on the Nasdaq stock exchange under the symbol ASPS. In his most recent quarterly report To investors, Altisource reported a net loss of $ 18.3 million in the third quarter, with revenue down 51% from a year ago to $ 43.2 million.

Although the company ended the quarter with $ 230.7 million in debt, an Oct.6 deal to sell Altisource’s 69% stake in Pointillist Inc. was expected to generate $ 100 million in cash. A customer journey analytics provider, Pointillist was created by Altisource in 2019. The sale of the company to Genesys Cloud Services Inc. was expected to be finalized by the end of the year.

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Alan A. Seibert