UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 16, 2014

 


 

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

(Exact name of Registrant as specified in its charter)

 


 

Luxembourg

 

001-34354

 

98-0554932

(State or other jurisdiction of

 

(Commission File Number)

 

(I.R.S. Employer

incorporation)

 

 

 

Identification No.)

 

40, avenue Monterey

L-2163 Luxembourg

Grand Duchy of Luxembourg

 (Address of principal executive offices including zip code)

 

+352 2469 7900

(Registrant’s telephone number, including area code)

 

NOT APPLICABLE

(Former name or former address, if changed since last report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 7.01 Regulation FD Disclosure.

 

Altisource Portfolio Solutions S.A. (the “Company”) is announcing on September 16, 2014 that it has completed the acquisition of Mortgage Builder Software, Inc.

 

The Company is furnishing this 8-K pursuant to Item 7.01, “Regulation FD Disclosure.” The information contained in this 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.

 

Description

 

 

 

Exhibit 99.1

 

Press release of Altisource Portfolio Solutions S.A. dated September 16, 2014

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 16, 2014

 

 

 

 

Altisource Portfolio Solutions S.A.

 

 

 

 

 

By:

/s/  Michelle D. Esterman

 

 

Name:

Michelle D. Esterman

 

 

Title:

Chief Financial Officer

 

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Exhibit 99.1

 

 

Investor Contact:

Press Contact:

Michelle D. Esterman

Kristi Kovalak

Chief Financial Officer

Director of Marketing

+352 2469 7950

314 817 1313

Michelle.Esterman@Altisource.lu

Kristi.Kovalak@Altisource.com

 

Altisource Completes Acquisition of Mortgage Builder Software, Inc.

 

Deal Strengthens Altisource’s Mortgage Software Suite

 

LUXEMBOURG, Sept. 16, 2014 — Altisource Portfolio Solutions S.A. (“Altisource” and NASDAQ: ASPS), a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries, today announced the completion of its acquisition of Mortgage Builder® Software, Inc. (“Mortgage Builder”), a provider of award-winning mortgage loan origination and servicing software systems. The acquisition follows Altisource’s recent acquisition of Equator, a national leader in mortgage and real estate-related SaaS solutions, and strengthens Altisource’s end-to-end suite of real estate and mortgage lifecycle management technologies.

 

“With Lenders One, Equator and now Mortgage Builder, Altisource offers customers a complete, all-in-one real estate and mortgage lifecycle management platform,” said John Vella, Chief Operating Officer of Equator. “Mortgage Builder and Equator customers will benefit from the deep capital, world-class talent and other resources that Altisource provides.”

 

“Joining Altisource will give Mortgage Builder customers access to more complete and cost-efficient real estate and mortgage lifecycle management solutions,” said Keven M. Smith, Chief Executive Officer of Mortgage Builder. “Altisource’s financial strength and global resources further the Mortgage Builder vision of providing a comprehensive solution for mortgage bankers, banking institutions and credit unions.”

 

Altisource had announced its intention to acquire the Detroit-based Mortgage Builder on July 21, 2014.

 

For more information, please visit www.altisource.com.

 



 

Forward-Looking Statements

 

This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include all statements that are not historical fact, including statements about management’s beliefs and expectations. Forward-looking statements are based on management’s beliefs as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected.  Altisource undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: Altisource’s ability to integrate the acquired business, retain existing customers and attract new customers; general economic and market conditions; governmental regulations, taxes and policies; availability of adequate and timely sources of liquidity; and other risks and uncertainties detailed in the “Forward-Looking Statements,” “Risk Factors” and other sections of Altisource’s Form 10-K and other filings with the Securities and Exchange Commission.

 

About Altisource

 

Altisource is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants. Altisource has been named to Fortune’s fastest growing global companies two years in a row. Additional information is available at www.Altisource.com.

 

About Mortgage Builder

 

Mortgage Builder provides industry-leading loan origination software to mortgage banks, community banks, credit unions and other financial institutions. Founded in 1999, Mortgage Builder’s mortgage software solutions include origination, servicing, lead/customer management, production portal and electronic document management. Mortgage Builder has been named by Mortgage Technology Magazine as one of the industry’s Top 50 Service Providers for the eighth consecutive year. Visit www.MortgageBuilder.com.

 

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SOURCE: Altisource

 

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