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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2015	Feb. 22, 2016	Jun. 30, 2015
Document and Entity Information
Entity Registrant Name	Altisource Portfolio Solutions S.A.
Entity Central Index Key	0001462418
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		18,839,824
Entity Treasury Stock		6,572,924
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Entity Public Float			$ 569,714,482

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 179,327	$ 161,361
Accounts receivable, net	105,023	112,183
Prepaid expenses and other current assets	21,751	23,567
Deferred tax assets, net	0	4,987
Total current assets	306,101	302,098
Premises and equipment, net	119,121	127,759
Goodwill	82,801	90,851
Intangible assets, net	197,003	245,246
Deferred Tax Assets	3,619	0
Other assets	19,337	22,267
Total assets	727,982	788,221
Current liabilities:
Accounts payable and accrued expenses	91,871	111,766
Current portion of long-term debt	5,945	5,945
Deferred revenue	15,060	9,829
Other current liabilities	16,266	13,227
Total current liabilities	129,142	140,767
Long-term debt, less current portion	528,417	582,669
Deferred tax liabilities, net	0	2,694
Other non-current liabilities	18,153	20,648
Commitments, contingencies and regulatory matters (Note 24)
Equity:
Common stock ($1.00 par value; 25,413 shares authorized and issued and 19,021 outstanding as of December 31, 2015; 25,413 shares authorized and issued and 20,279 outstanding as of December 31, 2014)	25,413	25,413
Additional paid-in capital	96,321	91,509
Retained earnings	369,270	367,967
Treasury stock, at cost (6,392 shares as of December 31, 2015 and 5,134 shares as of December 31, 2014)	(440,026)	(444,495)
Altisource equity	50,978	40,394
Non-controlling interests	1,292	1,049
Total equity	52,270	41,443
Total liabilities and equity	$ 727,982	$ 788,221

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized	25,413	25,413
Common stock, shares issued	25,413	25,413
Common stock, shares outstanding	19,021	20,279
Treasury stock, shares	6,392	5,134

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Revenue	$ 1,051,466	$ 1,078,916	$ 768,357
Cost of revenue	687,327	707,180	492,480
Gross profit	364,139	371,736	275,877
Selling, general and administrative expenses	220,868	201,733	113,810
Impairment losses	71,785	37,473	0
Business Combination, Contingent Consideration Arrangement - Equator	(7,591)	(37,924)	0
Income from operations	79,077	170,454	162,067
Other income (expense), net:
Interest expense	(28,208)	(23,363)	(20,291)
Loss on sale of HLSS equity securities, net of dividends received	(1,854)	0	0
Other income (expense), net	4,045	174	557
Total other income (expense), net	(26,017)	(23,189)	(19,734)
Income before income taxes and non-controlling interests	53,060	147,265	142,333
Income tax provision	(8,260)	(10,178)	(8,540)
Net income	44,800	137,087	133,793
Net income attributable to non-controlling interests	(3,202)	(2,603)	(3,820)
Net income attributable to Altisource	$ 41,598	$ 134,484	$ 129,973
Earnings per share:
Basic (in dollars per share)	$ 2.13	$ 6.22	$ 5.63
Diluted (in dollars per share)	$ 2.02	$ 5.69	$ 5.19
Weighted average shares outstanding:
Basic (in shares)	19,504	21,625	23,072
Diluted (in shares)	20,619	23,634	25,053
Transactions with related parties included above:
Revenue		$ 666,800	$ 502,087
Cost of revenue		38,610	19,983
Selling, general and administrative expenses		(268)	569
Other income		$ 0	$ 773

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Treasury stock, at cost	Non-controlling interests
Balance at Dec. 31, 2012	$ 159,829	$ 25,413	$ 86,873	$ 124,127	$ (77,954)	$ 1,370
Balance (in shares) at Dec. 31, 2012		25,413
Increase (Decrease) in Equity
Net income	133,793			129,973		3,820
Contributions from non-controlling interest holders	28					28
Distributions to non-controlling interest holders	(4,176)					(4,176)
Share-based compensation expense	2,400		2,400
Exercise of stock options	6,885			(14,539)	21,424
Value of common stock paid at acquisition	0
Repurchase of shares	(141,018)				(141,018)
Balance at Dec. 31, 2013	157,741	$ 25,413	89,273	239,561	(197,548)	1,042
Balance (in shares) at Dec. 31, 2013		25,413
Increase (Decrease) in Equity
Net income	137,087			134,484		2,603
Distributions to non-controlling interest holders	(2,596)					(2,596)
Share-based compensation expense	2,236		2,236
Exercise of stock options	2,688			(6,078)	8,766
Value of common stock paid at acquisition	0
Repurchase of shares	(255,713)				(255,713)
Balance at Dec. 31, 2014	41,443	$ 25,413	91,509	367,967	(444,495)	1,049
Balance (in shares) at Dec. 31, 2014		25,413
Increase (Decrease) in Equity
Net income	44,800			41,598		3,202
Distributions to non-controlling interest holders	(2,959)					(2,959)
Share-based compensation expense	4,812		4,812
Exercise of stock options	1,390			(8,292)	9,682
Issuance of restricted shares for acquisitions				(32,003)	53,736
Value of common stock paid at acquisition	21,733
Repurchase of shares	(58,949)				(58,949)
Balance at Dec. 31, 2015	$ 52,270	$ 25,413	$ 96,321	$ 369,270	$ (440,026)	$ 1,292
Balance (in shares) at Dec. 31, 2015		25,413

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 44,800	$ 137,087	$ 133,793
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36,470	29,046	19,056
Amortization of intangible assets	41,135	37,680	28,176
Loss on sale of HLSS equity securities, net of dividends received	1,854	0	0
Change in the fair value of acquisition related contingent consideration	(7,184)	(37,924)	0
Impairment losses	71,785	37,473	0
Share-based compensation expense	4,812	2,236	2,400
Equity in losses of investment in affiliate	0	0	176
Bad debt expense	5,514	16,257	2,549
Gain on early extinguishment of debt	(3,836)	0	0
Amortization of debt discount	498	317	223
Amortization of debt issuance costs	1,374	1,151	958
Deferred income taxes	(1,326)	1,166	2,015
Loss on disposal of fixed assets	26	184	1,309
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	2,401	(22,492)	(5,602)
Prepaid expenses and other current assets	1,883	(12,501)	(2,817)
Other assets	2,993	(1,750)	(1,586)
Accounts payable and accrued expenses	(14,483)	24,285	7,381
Other current and non-current liabilities	6,636	(14,722)	(2,557)
Net cash provided by operating activities	195,352	197,493	185,474
Cash flows from investing activities:
Additions to premises and equipment	(36,188)	(64,846)	(34,134)
Acquisition of businesses, net of cash acquired	(28,675)	(34,720)	(267,946)
Purchase of HLSS equity securities	(29,966)	0	0
Proceeds received from sale of and dividends from HLSS equity securities	28,112	0	0
Proceeds from loan to Ocwen	0	0	75,000
Proceeds from sale of equity affiliate	0	0	12,648
Change in restricted cash	722	(1,402)	(1,462)
Other investing activities	0	(300)	(50)
Net cash used in investing activities	(65,995)	(101,268)	(215,944)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	198,000	200,502
Repurchases and repayment of long-term debt and payments on capital lease obligations	(50,373)	(4,959)	(3,729)
Debt issuance costs	0	(2,608)	(3,200)
Proceeds from stock option exercises	1,390	2,688	6,885
Purchase of treasury stock	(58,949)	(255,713)	(141,018)
Contributions from non-controlling interests	0	0	28
Distributions to non-controlling interests	(2,959)	(2,596)	(4,176)
Other financing activities	(500)	0	0
Net cash (used in) provided by financing activities	(111,391)	(65,188)	55,292
Net increase in cash and cash equivalents	17,966	31,037	24,822
Cash and cash equivalents at the beginning of the period	161,361	130,324	105,502
Cash and cash equivalents at the end of the period	179,327	161,361	130,324
Supplemental cash flow information:
Interest paid	26,274	21,829	19,325
Income taxes paid, net	9,725	13,340	3,671
Non-cash investing and financing activities:
Acquisition of businesses with restricted shares	21,733	0	0
(Decrease) increase in payables for purchases of premises and equipment	(6,679)	(2,328)	4,552
Decrease in acquisition of businesses from subsequent working capital true-ups	$ 0	$ (3,711)	$ (2,039)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting and Presentation - The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Intercompany transactions and accounts have been eliminated in consolidation. Certain prior year amounts reported by the Mortgage Services and Technology Services segments have been reclassified to conform with the current year presentation.

Principles of Consolidation - The financial statements include the accounts of the Company, its wholly-owned subsidiaries and those entities in which we have a variable interest and are the primary beneficiary.

The Mortgage Partnership of America, L.L.C. (“MPA”), a wholly-owned subsidiary of Altisource, serves as the manager of Best Partners Mortgage Cooperative, Inc., doing business as the Lenders One^® mortgage cooperative (“Lenders One”). MPA provides services to Lenders One under a management agreement that ends on December 31, 2025. MPA acts on behalf of Lenders One and its members principally to provide its members with opportunities to: (i) expand revenue, (ii) reduce loan underwriting costs, (iii) increase operational efficiency and (iv) receive critical education and training. For providing these services, MPA receives payments from Lenders One, and in some instances the vendors, based primarily upon the benefits achieved for the members. The management agreement provides MPA with broad powers such as recruiting members for Lenders One, collection of fees and other obligations from members of Lenders One, processing of all rebates owed to Lenders One and negotiating and executing contracts with vendors including executing contracts on behalf of Lenders One.

In September 2014, we launched Best Partners Mortgage Brokers Cooperative, Inc., doing business as the Wholesale One^® Mortgage Cooperative (“Wholesale One”), for the wholesale mortgage market. Wholesale One assists mortgage brokers and wholesale lenders with tools to improve their businesses and obtain better access to the capital markets. In April 2015, we launched Best Partners Residential Investor Cooperative, Inc., doing business as the Residential Investor One™ cooperative (“Residential Investor One”). Residential Investor One was formed to deliver savings and efficiencies to individual and institutional residential real estate investors. MPA provides services to both Wholesale One and Residential Investor One under management agreements that end on July 8, 2039 (with automatic renewals for three successive five-year periods) and March 12, 2040 (with automatic renewals for three successive five-year periods), respectively. The management agreements provide MPA with broad powers such as recruiting members for Wholesale One and Residential Investor One, collection of fees and other obligations from members of Wholesale One and Residential Investor One, processing of all fees owed to Wholesale One and Residential Investor One and negotiating and executing contracts with vendors including executing contracts on behalf of Wholesale One and Residential Investor One.

The management agreements between MPA and Lenders One, Wholesale One and Residential Investor One, pursuant to which MPA is the management company of each of these cooperatives, represent variable interests in variable interest entities. MPA is the primary beneficiary of Lenders One, Wholesale One and Residential Investor One as it has the power to direct the activities that most significantly impact each of these cooperatives’ economic performance and the right to receive benefits from each of these cooperatives. As a result, Lenders One, Wholesale One and Residential Investor One are presented in the accompanying consolidated financial statements on a consolidated basis with the interests of the members reflected as non-controlling interests. As of December 31, 2015, Lenders One had total assets of $4.9 million and total liabilities of $3.7 million. As of December 31, 2014, Lenders One had total assets of $7.7 million and total liabilities of $6.7 million. As of December 31, 2015, Wholesale One and Residential Investor One each had less than $0.1 million in total assets and less than $0.1 million in total liabilities (no comparative amounts for 2014).

Use of Estimates - The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, determining share-based compensation, income taxes, collectability of receivables, valuation of acquired intangibles and goodwill, depreciable lives of fixed assets and contingencies. Actual results could differ materially from those estimates.

Cash and Cash Equivalents - We classify all highly liquid instruments with an original maturity of three months or less at the time of purchase as cash equivalents.

Accounts Receivable, Net - Accounts receivable are presented net of an allowance for doubtful accounts that represents an amount that we estimate to be uncollectible. We have estimated the allowance for doubtful accounts based on our historical write-offs, our analysis of past due accounts based on the contractual terms of the receivables and our assessment of the economic status of our customers, if known. The carrying value of accounts receivable, net, approximates fair value.

Premises and Equipment, Net - We report premises and equipment, net at cost or estimated fair value at acquisition for premises and equipment recorded in connection with a business combination and depreciate these assets over their estimated useful lives using the straight-line method as follows:



Furniture and fixtures	5 years
Office equipment	5 years
Computer hardware	5 years
Computer software	3-7 years
Leasehold improvements	Shorter of useful life, 10 years or the term of the lease

Maintenance and repair costs are expensed as incurred. We capitalize expenditures for significant improvements and new equipment and depreciate the assets over the shorter of the capitalized asset’s life or the life of the lease.

We review premises and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. We measure recoverability of assets to be held and used by comparing the carrying amount of an asset or asset group to estimated undiscounted future cash flows expected to be generated by the asset or asset group. If the carrying amount of an asset or asset group exceeds its estimated future cash flows, we recognize an impairment charge for the amount that the carrying value of the asset or asset group exceeds the fair value of the asset or asset group. For the year ended December 31, 2015, we recognized a $4.1 million premises and equipment impairment loss. See Note 9 for additional information. There were no impairments of premises and equipment for the years ended December 31, 2014 and 2013.

Computer software includes the fair value of software acquired in business combinations, capitalized software development costs and purchased software. Capitalized software development and purchased software are recorded at cost and amortized using the straight-line method over its estimated useful life. Software acquired in business combinations is recorded at its fair value and amortized using the straight-line method over its estimated useful life.

Business Combinations - We account for acquisitions using the purchase method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. The purchase price of an acquisition is allocated to the assets acquired and liabilities assumed using their fair value as of the acquisition date.

Goodwill - Goodwill represents the excess cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. We evaluate goodwill for impairment annually during the fourth quarter or more frequently when an event occurs or circumstances change in a manner that indicates the carrying value may not be recoverable. During 2015, we changed the measurement date of our annual goodwill impairment test from November 30^th to December 31^st in order to better align our measurement date with our financial projections. There was no impact of this change. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value as a basis for determining whether we need to perform the quantitative two-step goodwill impairment test. Only if we determine, based on qualitative assessment, that it is more likely than not that a reporting unit’s fair value is less than its carrying value will we calculate the fair value of the reporting unit. We would then test goodwill for impairment by first comparing the book value of net assets to the fair value of the reporting units. If the fair value is determined to be less than the book value, a second step is performed to compute the amount of impairment as the difference between the estimated fair value of goodwill and the carrying value. We estimate the fair value of the reporting units using discounted cash flows. The discounted cash flow method is based on the present value of projected cash flows. Forecasts of future cash flows are based on our estimate of future sales and operating expenses, based primarily on estimated pricing, sales volumes, market segment share, cost trends and general economic conditions. Certain estimates of discounted cash flows involve businesses with limited financial history and developing revenue models. The estimated cash flows are discounted using a rate that represents our weighted average cost of capital. For the years ended December 31, 2015 and 2014, we recognized goodwill impairment losses of $55.7 million and $37.5 million, respectively (no comparative amount in 2013). See Note 10 for additional information.

Intangible Assets, Net - Identified intangible assets consist primarily of customer related intangible assets, operating agreements, trademarks and trade names and other intangible assets. Identifiable intangible assets acquired in business combinations are recorded based on their fair values at the date of acquisition. We determine the useful lives of our identifiable intangible assets after considering the specific facts and circumstances related to each intangible asset. Factors we consider when determining useful lives include the contractual term of any arrangements, the history of the asset, our long-term strategy for use of the asset and other economic factors. We amortize intangible assets that we deem to have definite lives in proportion to actual and expected customer revenues or on a straight-line basis over their useful lives, generally ranging from 4 to 20 years.

We perform tests for impairment if conditions exist that indicate the carrying value may not be recoverable. When facts and circumstances indicate that the carrying value of intangible assets determined to have definite lives may not be recoverable, management assesses the recoverability of the carrying value by preparing estimates of cash flows of discrete intangible assets consistent with models utilized for internal planning purposes. If the sum of the undiscounted expected future cash flows is less than the carrying value, we would recognize an impairment to the extent the carrying amount exceeds fair value. For the year ended December 31, 2015, we recognized impairments of intangible assets of $11.9 million (no comparative amounts in 2014 and 2013). See Note 10 for additional information on impairments.

Debt Issuance Costs - Debt issuance costs are capitalized and amortized to interest expense through maturity of the related debt using the effective interest method.

Long-Term Debt - Long-term debt is reported net of applicable discount or premium. The debt discount or premium is amortized to interest expense through maturity of the related debt using the effective interest method.

Fair Value Measurements - Fair value is defined as an exit price, representing the amount that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs used in the methodologies of measuring fair value for assets and liabilities, is as follows:

Level 1 — Quoted prices in active markets for identical assets and liabilities

Level 2 — Observable inputs other than quoted prices included in Level 1

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of assets or liabilities.

Financial assets and financial liabilities are classified based on the lowest level of input that is significant to the fair value measurements. Our assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.

Functional Currency - The currency of the primary economic environment in which our operations are conducted is the United States dollar. Therefore, the United States dollar has been determined to be our functional and reporting currency. Non-United States dollar transactions and balances have been measured in United States dollars in accordance with ASC Topic 830, Foreign Currency Matters. All transaction gains and losses from the measurement of monetary balance sheet items denominated in non-United States dollar currencies are reflected in the consolidated statements of operations as income or expenses, as appropriate.

Defined Contribution 401(k) Plan - Some of our employees currently participate in a defined contribution 401(k) plan under which we may make matching contributions equal to a discretionary percentage determined by us. We recorded expenses of $1.0 million, $0.9 million and $0.4 million for the years ended December 31, 2015, 2014 and 2013, respectively, related to our discretionary amounts contributed.

Share-Based Compensation - Share-based compensation is accounted for under the provisions of ASC Topic 718, Compensation - Stock Compensation. Under ASC Topic 718, the cost of employee services received in exchange for an award of equity instruments is generally measured based on the grant date fair value of the award. Share-based awards that do not require future service are expensed immediately. Share-based employee awards that require future service are recognized over the relevant service period. Further, as required under ASC Topic 718, we estimate forfeitures for share-based awards that are not expected to vest.

Earnings Per Share - We compute earnings per share (“EPS”) in accordance with ASC Topic 260, Earnings Per Share. Basic net income per share is computed by dividing net income attributable to Altisource by the weighted average number of shares of common stock outstanding for the period. Diluted net income per share reflects the assumed conversion of all dilutive securities.

Revenue Recognition - We recognize revenue from the services we provide in accordance with ASC Topic 605, Revenue Recognition. ASC Topic 605 sets forth guidance as to when revenue is realized or realizable and earned, which is generally when all of the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been performed; (3) the seller’s price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. Generally, the contract terms for these services are relatively short in duration, and we recognize revenue as the services are performed either on a per unit or a fixed price basis. Specific policies for each of our reportable segments are as follows:

Mortgage Services segment: We recognize revenue for the majority of the services we provide when the services have been performed. For default processing services and certain property preservation services, we recognize revenue over the period during which we perform the related services, with full recognition upon recording the related foreclosure deed or on closing of the related real estate transaction. We record revenue associated with real estate sales on a net basis as we perform services as an agent without assuming the risks and rewards of ownership of the asset and the commission earned on the sale is a fixed percentage. Reimbursable expenses of $107.2 million, $137.4 million and $102.0 million incurred for the years ended December 31, 2015, 2014 and 2013, respectively, are included in revenue with an equal offsetting expense included in cost of revenue primarily related to our property preservation and default processing services. These amounts are recognized on a gross basis, principally because we have complete control over selection of vendors and the vendor relationship is with us, rather than with our customers.

Financial Services segment: We generally earn our fees for asset recovery management services as a percentage of the amount we collect on delinquent consumer receivables and charged-off mortgages on behalf of our clients and recognize revenue upon collection from the debtors. We also earn fees for packaging and selling charged-off mortgages and recognize revenue after the sale of the notes and once the risks and rewards of the mortgage notes are transferred to the purchasers. In addition, we provide customer relationship management services for which we earn and recognize revenue on a per-person, per-call or per-minute basis as the related services are performed.

Technology Services segment: For our software services, we charge based on the number of loans on the system or on a per-transaction basis. We record transactional revenue when the service is provided and other revenue monthly based on the number of loans processed or services provided. In addition, we charge fees for professional services engagements, which consist primarily of time and materials agreements with customers that are generally billed and recognized as the hours are worked.

For Equator software applications, we recognize revenue from arrangements with multiple deliverables in accordance with ASC Subtopic 605-25, Revenue Recognition: Multiple-Element Arrangements (“ASC 605-25”), and Securities and Exchange Commission (“SEC”) Staff Accounting Bulletin Topic 13, Revenue Recognition (“SAB Topic 13”). ASC 605-25 and SAB Topic 13 require each deliverable within a multiple-deliverable revenue arrangement to be accounted for as a separate unit if both of the following criteria are met: (1) the delivered item or items have value to the customer on a standalone basis and (2) for an arrangement that includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially in the seller’s control. Deliverables not meeting the criteria for accounting treatment as a separate unit are combined with a deliverable that meets that criterion. We derive revenue from platform services fees, professional services fees and other services. We do not begin to recognize revenue for platform services fees until these fees become billable, as the services fees are not fixed and determinable until such time. Platform services fees are recognized ratably over the shorter of the term of the contract with the customer or the minimum cancellation period. Professional services fees consist primarily of configuration services related to customizing the platform for individual customers and are generally billed as the hours are worked. Due to the essential and specialized nature of the configuration services, these services do not qualify as separate units of accounting separate from the platform services as the delivered services do not have value to the customer on a standalone basis. Therefore, the related fees are recorded as deferred revenue until the project configuration is complete and then recognized ratably over the longer of the term of the agreement or the estimated expected customer life. Other services consist primarily of training, including agent certification, and consulting services. These services are generally sold separately and are recognized as revenue as the services are performed and earned.

For Mortgage Builder software applications, we recognize subscription revenues ratably over the contract term, beginning on the commencement date of each contract. Revenues for usage-based transactions are generally recognized as the usage occurs, as that is the point when the fee becomes fixed or determinable. We generally invoice customers on a monthly basis.

We provide information technology infrastructure services to Ocwen Financial Corporation and its subsidiaries (“Ocwen”), Altisource Residential Corporation (“Residential”) and Altisource Asset Management Corporation (“AAMC”) and charge for these services primarily based on the number of employees that are using the applicable systems and the number and type of licensed platforms used by Ocwen, Residential and AAMC. We record revenue associated with implementation services upon completion and maintenance ratably over the related service period.

Significant areas of judgment include the period over which we recognize property preservation revenue and certain default management services revenue.

Income Taxes - We account for certain income and expense items differently for financial reporting purposes and income tax purposes. We recognize deferred income tax assets and liabilities for these differences between the financial reporting basis and the tax basis of our assets and liabilities as well as expected benefits of utilizing net operating loss and credit carryforwards. The most significant temporary differences relate to accrued compensation, amortization and loss and credit carryforwards. We measure deferred income tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which we anticipate recovery or settlement of those temporary differences. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period when the change is enacted. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

In 2015, the Company early-adopted FASB Accounting Standards Update (“ASU”) No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes. This standard simplifies the presentation of deferred taxes by requiring that deferred tax assets and deferred tax liabilities be classified as non-current in an entity’s balance sheet. We have adopted this standard prospectively. Accordingly, prior periods were not retrospectively adjusted.

Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining tax expense and in evaluating tax positions including evaluating uncertainties under ASC Topic 740, Income Taxes (“ASC Topic 740”). We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Resolution of these uncertainties in a manner inconsistent with management’s expectations could have a material impact on our results of operations.

Future Adoption of New Accounting Pronouncements

In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This standard establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The core principle of the new standard is an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, in response to stakeholders’ requests to defer the effective date of ASU 2014-09 and in consideration of feedback received through extensive outreach with preparers, practitioners and users of financial statements, the FASB deferred the effective date for all entities by one year. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position.

In February 2015, FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. This standard addresses the consolidation of certain legal entities relative to current requirements under GAAP of a reporting entity to consolidate another legal entity in situations in which the reporting entity’s contractual rights do not give it the ability to act primarily on its own behalf, the reporting entity does not hold a majority of the legal entity’s voting rights or the reporting entity is not exposed to a majority of the legal entity’s economic benefits or obligations. This standard will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the standard in an interim period, any adjustments should be reflected as of the beginning of the year that includes that interim period. The Company does not expect the adoption of this standard to have a material impact on its results of operations or financial position.

In April 2015, FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This standard changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. This standard will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted for financial statements that have not been previously issued. As of December 31, 2015, the Company’s total non-current assets were $421.9 million (including other assets of $19.3 million), net long-term debt (including current portion) was $534.4 million and debt issuance costs, net of amortization, were $6.2 million (included in other assets). As of December 31, 2015, adoption of this ASU would have reduced other assets and net long-term debt by $6.2 million. Consequently, the Company does not expect the adoption of this standard to have a material impact on its results of operations or financial position.

In September 2015, FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. This standard requires that adjustments to provisional amounts that are identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined rather than recognizing the adjustments retrospectively. The standard also requires that the acquirer records, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This standard will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of this standard to have a material impact on its results of operations or financial position.

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. This standard will require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The standard also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. It also amends certain financial statement presentation and disclosure requirements associated with the fair value of financial instruments. This standard will be effective for annual periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position.

In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842). This new standard introduces a new lessee model that brings substantially all leases on the balance sheet. The standard will require companies to recognize lease assets and lease liabilities on their balance sheets and disclose key information about leasing arrangements in their financial statements. This standard will be effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position.

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Description of Business Altisource Portfolio Solutions S.A., together with its subsidiaries (which may be referred to as “Altisource,” the “Company,” “we,” “us” or “our”), 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. We conduct our operations through three reportable segments: Mortgage Services, Financial Services and Technology Services. In addition, we report our corporate related expenditures and eliminations separately (see Note 25 for a description of our business segments).

CUSTOMER CONENTRATION

12 Months Ended

Dec. 31, 2015

Concentration Risk(2014 Values with Related Party Entity)

Concentration Risk Disclosure [Text Block]

CUSTOMER CONCENTRATION

Ocwen is our largest customer. Ocwen purchases certain mortgage services and technology services from us under the terms of master services agreements and amendments to master services agreements (collectively, the “Service Agreements”) with terms extending through August 2025. Certain of the Service Agreements, among other things, contain a “most favored nation” provision and the parties to the Service Agreements have the right to renegotiate pricing. Ocwen has also agreed not to develop similar fee-based businesses that would directly or indirectly compete with the services provided by Altisource to Ocwen with respect to the Homeward Residential, Inc. (“Homeward”) and Residential Capital, LLC (“ResCap”) portfolios. In addition, Ocwen purchases certain origination services from Altisource under an agreement that extends through January 2017.

Revenue from Ocwen primarily consists of revenue earned directly from Ocwen and revenue earned from the loans serviced by Ocwen when Ocwen designates us as the service provider. Revenue from Ocwen as a percentage of segment and consolidated revenue was as follows for the years ended December 31:



	2015	2014	2013

Mortgage Services	63%	67%	70%
Financial Services	21%	27%	30%
Technology Services	54%	42%	50%
Consolidated revenue	60%	60%	65%

For the years ended December 31, 2015, 2014 and 2013, we generated revenue from Ocwen of $631.6 million, $650.7 million and $499.3 million, respectively. Services provided to Ocwen during such periods and reported in the Mortgage Services segment included real estate asset management and sales, residential property valuation, trustee management services, property inspection, property preservation and insurance services. Services provided to Ocwen and reported in the Financial Services segment included mortgage charge-off collections. Services provided to Ocwen and reported in the Technology Services segment included information technology infrastructure management and software applications including our software platforms. As of December 31, 2015, accounts receivable from Ocwen totaled $38.2 million, $20.4 million of which was billed and $17.8 million of which was unbilled (see Note 7 for additional information on billed and unbilled accounts receivable).

We earn additional revenue related to the portfolios serviced by Ocwen when a party other than Ocwen selects Altisource as the service provider. For the years ended December 31, 2015, 2014 and 2013, we recognized revenue of $216.9 million, $256.0 million and $161.9 million, respectively, related to the portfolios serviced by Ocwen when a party other than Ocwen selected Altisource as the service provider. These amounts are not included in deriving revenue from Ocwen as a percentage of revenue in the table above.

TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
TRANSACTIONS WITH RELATED PARTIES	Dec. 31, 2015
Related Party Transactions [Abstract]
TRANSACTIONS WITH RELATED PARTIES	TRANSACTIONS WITH RELATED PARTIES Through January 16, 2015, William C. Erbey served as our Chairman as well as the Executive Chairman of Ocwen and Chairman of each of Home Loan Servicing Solutions, Ltd. (“HLSS”), Residential and AAMC. Effective January 16, 2015, Mr. Erbey stepped down as the Executive Chairman of Ocwen and Chairman of each of Altisource, HLSS, Residential and AAMC and is no longer a member of the Board of Directors for any of these companies. Consequently, these companies are no longer related parties of Altisource, as defined by FASB ASC Topic 850, Related Party Disclosures. The disclosures in this note are limited to the periods that each of Ocwen, HLSS, Residential and AAMC were related parties of Altisource and are not necessarily reflective of current activities with these former related parties. Ocwen Revenue For the years ended December 31, 2014 and 2013, we generated revenue from Ocwen of $650.7 million and $499.3 million, respectively. For the period from January 1, 2015 through January 16, 2015, we estimated that we generated revenue from Ocwen of $22.9 million. Services provided to Ocwen during such periods included real estate asset management and sales, residential property valuation, trustee management services, property inspection and preservation, insurance services, mortgage charge-off collections, information technology infrastructure management and software applications including our software platforms. As of December 31, 2014, accounts receivable from Ocwen totaled $37.4 million, $22.8 million of which was billed and $14.6 million of which was unbilled (see Note 7 for additional information on billed and unbilled accounts receivable). We record revenue we earn from Ocwen under the Service Agreements at rates we believe to be comparable market rates as we believe they are consistent with the fees we charge to other customers and/or fees charged by our competitors for comparable services. Cost of Revenue and Selling, General and Administrative Expenses At times, we have used Ocwen’s contractors and/or employees to support Altisource related services. Ocwen generally bills us for these contractors and/or employees based on their fully-allocated cost. Additionally, through March 31, 2015, we purchased certain data relating to Ocwen’s servicing portfolio in connection with a Data Access and Services Agreement. Based upon our previously provided notice, the Data Access and Services Agreement was terminated effective March 31, 2015. For the years ended December 31, 2014 and 2013, Ocwen billed us $38.6 million and $20.0 million, respectively, for these items. For the period from January 1, 2015 through January 16, 2015, we estimated that we incurred $1.9 million of expenses related to these items. These amounts are reflected as a component of cost of revenue in the consolidated statements of operations. We provide certain other services to Ocwen and Ocwen provides certain other services to us in connection with Support Services Agreements. These services included such areas as human resources, vendor management, vendor oversight, corporate services, facilities related services, quality assurance, quantitative analytics, tax and treasury. Billings for these services were generally based on the fully-allocated cost of providing the service based on an estimate of the time and expense of providing the service or estimates thereof. For the years ended December 31, 2014 and 2013, we billed Ocwen $4.5 million and $2.8 million, respectively, for these items. For the years ended December 31, 2014 and 2013, Ocwen billed us $6.1 million and $4.6 million, respectively, for these items. Of the January 2015 billings to Ocwen, we estimated that $0.1 million related to the period from January 1, 2015 through January 16, 2015. Of the January 2015 billings from Ocwen, we estimated that $0.3 million related to the period from January 1, 2015 through January 16, 2015. These amounts are reflected as a component of selling, general and administrative expenses in the consolidated statements of operations. As of December 31, 2014, accounts payable and accrued expenses payable to Ocwen totaled $11.6 million (see Note 13). Unsecured Term Loan On December 27, 2012, we entered into a senior unsecured term loan agreement with Ocwen under which we loaned $75.0 million to Ocwen. Payments of interest were due quarterly at a rate per annum equal to the Eurodollar Rate (as defined in the agreement) plus 6.75%, provided that the Eurodollar Rate was not less than 1.50%. On February 15, 2013, Ocwen repaid the outstanding principal amount of this loan and all accrued and unpaid interest and the term loan was terminated. Interest income related to this loan was $0.8 million for the year ended December 31, 2013 (no comparative amounts for 2015 and 2014). Transactions Related to Fee-Based Businesses On January 31, 2013, we entered into non-binding letters of intent with Ocwen to acquire certain fee-based businesses associated with Ocwen’s acquisitions of the Homeward and ResCap servicing portfolios. Ocwen acquired the Homeward servicing portfolio on December 27, 2012 and the ResCap servicing portfolio on February 15, 2013. Altisource acquired the Homeward fee-based businesses from Ocwen on March 29, 2013 (see Note 5). Altisource entered into an agreement with Ocwen on April 12, 2013 to establish additional terms related to our services in connection with the ResCap fee-based businesses (see Note 5). Correspondent One and HLSS In July 2011, we acquired an equity interest in Correspondent One S.A. (“Correspondent One”). Correspondent One purchased closed conforming and government guaranteed residential mortgages from approved mortgage bankers. On March 31, 2013, we sold our 49% interest in Correspondent One to Ocwen for $12.6 million. Prior to the sale to Ocwen, we provided Correspondent One certain finance, human resources, legal support, facilities, technology, vendor management and insurance risk management services under a support services agreement. For the year ended December 31, 2013, we billed Correspondent One less than $0.1 million (no comparative amounts for 2015 and 2014). This amount is reflected as a component of selling, general and administrative expenses in the consolidated statements of operations. We also provided certain origination related services to Correspondent One. We earned revenue of $0.1 million for the year ended December 31, 2013 for these services (no comparative amounts for 2015 and 2014). Prior to April 2015, HLSS was a publicly traded company whose primary objective was the acquisition of mortgage servicing rights and related servicing advances, loans held for investment and other residential mortgage related assets. We provided HLSS certain finance, human resources, tax and facilities services and sold information technology services to HLSS under a support services agreement. For the years ended December 31, 2014 and 2013, we billed HLSS $0.9 million and $0.7 million, respectively. For the period from January 1, 2015 through January 16, 2015, our billings to HLSS were immaterial. These amounts are reflected as a reduction of selling, general and administrative expenses in the consolidated statements of operations. As of December 31, 2014, accounts receivable from HLSS was $0.1 million (see Note 7 for additional information on billed accounts receivable). Residential and AAMC Residential and AAMC were separated from Altisource on December 21, 2012, their equity was distributed to our shareholders on December 24, 2012 and they are each separate publicly traded companies. Residential is focused on acquiring and managing single family rental properties throughout the United States. Residential has historically acquired its rental properties primarily through the acquisition of sub-performing and non-performing mortgage loan portfolios. However, given evolving market conditions, commencing in 2015, Residential expanded its acquisition strategy to opportunistically acquire portfolios of single family rental properties. Residential also commenced a program to begin purchasing properties on a one-by-one basis sourcing listed properties from the Multiple Listing Service and alternative listing sources. AAMC’s primary business is to provide portfolio management and corporate governance services to investment vehicles that own real estate assets. Currently, AAMC’s primary client is Residential. For purposes of governing certain ongoing relationships between Altisource, Residential and AAMC, we entered into certain agreements with Residential and AAMC. We have agreements, which extend through 2027, to provide Residential with renovation management, lease management, property management and real estate owned asset management services. In addition, we have agreements with Residential and AAMC pursuant to which we may provide services such as finance, human resources, facilities, technology and insurance risk management. Further, we have separate agreements for certain services related to income tax matters, trademark licenses and technology products and services. For the years ended December 31, 2014 and 2013, we generated revenue from Residential of $16.0 million and $2.6 million, respectively, under these services agreement. For the period from January 1, 2015 through January 16, 2015, we estimated that we generated revenue from Residential of $1.0 million. These amounts are reflected in revenue in the consolidated statements of operations. This excludes revenue from services we provided to Residential’s loans serviced by Ocwen or other loan servicers where we were retained by Ocwen or Residential’s other loan servicers. The revenue associated with Residential’s loans serviced by Ocwen is included in Ocwen related party revenue for the years ended December 31, 2014 and 2013. As of December 31, 2014, accounts receivable from Residential was $11.3 million (see Note 7 for additional information on billed accounts receivable). For the year ended December 31, 2014, we billed AAMC $1.0 million under these services agreements, $0.1 million of which is reflected in revenue and $0.9 million of which is reflected as a component of selling, general and administrative expenses in the consolidated statements of operations. For the year ended December 31, 2013, we billed AAMC $0.5 million under these services agreements, less than $0.1 million of which is reflected in revenue and $0.5 million of which is reflected as a component of selling, general and administrative expenses in the consolidated statements of operations. For the period from January 1, 2015 through January 16, 2015, our billings to AAMC were immaterial. As of December 31, 2014, accounts receivable from AAMC was $0.1 million (see Note 7 for additional information on billed accounts receivable).

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

ACQUISITIONS

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

ACQUISITIONS

RentRange, Investability and Onit Solutions Acquisitions

On October 9, 2015, we acquired GoldenGator, LLC (doing business as RentRange^®), REIsmart, LLC (doing business as Investability^™) and Onit Solutions, LLC, a support company for RentRange and Investability (collectively, the “Acquired RentRange and Investability Businesses”). RentRange is a leading provider of rental home data and information to the financial services and real estate industries, delivering a wide assortment of address and geography level data, analytics, and rent-based valuation solutions for single and multi-family properties. Investability is an online residential real estate search and acquisition platform that utilizes data and analytics to allow real estate investors to access the estimated cash flow, capitalization rate, net yield and market value of properties for sale in the United States. The purchase price of $24.8 million was composed of $17.5 million in cash and 247 thousand shares of restricted common stock of the Company with a value of $7.3 million as of the closing date. The restricted stock is subject to transfer restrictions and potential forfeiture provisions upon issuance. These restrictions and forfeiture provisions will be removed over a four year period, subject to meeting certain continued employment conditions with the Company and meeting certain acquisition related escrow release conditions. The Acquired RentRange and Investability Businesses are not material in relation to the Company’s results of operations or financial position.

The preliminary allocation of the purchase price is as follows:



(in thousands)

Cash	$	3
Accounts receivable, net	245
Premises and equipment, net	1,206
Other assets	199
Software	1,265
Trademarks and trade names	1,205
Databases/other	910
Non-compete agreements	330
Customer relationships	255
Goodwill	19,565
	25,183
Accounts payable and accrued expenses	(391		)

Purchase price	$	24,792

CastleLine Acquisition

On July 17, 2015, we acquired CastleLine Holdings, LLC and its subsidiaries (“CastleLine”), a specialty risk management and insurance services firm. CastleLine provides financial products and services to parties involved in the origination, underwriting, purchase and securitization of residential mortgages. The purchase consideration was composed of $12.3 million of cash at closing, $10.5 million of cash payable over four years from the acquisition date and 495 thousand shares of restricted common stock of the Company with a value of $14.4 million as of the closing date. Of the cash payable following acquisition, $3.8 million is contingent on certain future employment conditions of certain of the sellers, and therefore excluded from the purchase price. The CastleLine acquisition is not material in relation to the Company’s results of operations or financial position.

The preliminary allocation of the purchase price is as follows:



(in thousands)

Cash	$	1,088
Accounts receivable, net	510
Prepaid expenses	66
Restricted cash	2,501
Non-compete agreements	1,105
Databases/other	465
Customer relationships	395
Trademarks and trade names	150
Goodwill	28,125
	34,405
Accounts payable and accrued expenses	(875		)
Deferred revenue	(87		)

Purchase price	$	33,443

Owners Acquisition

On November 21, 2014, we acquired certain assets and assumed certain liabilities of Owners Advantage, LLC (“Owners”). Owners is a self-directed online real estate marketplace. We paid $19.8 million at closing in cash and agreed to pay additional contingent consideration of up to an additional $7.0 million over two years following the closing (“Owners Earn Out”), based on Adjusted Revenue (as defined in the purchase agreement). At closing, we estimated the fair value of the Owners Earn Out to be $1.9 million determined based on the present value of future estimated Owners Earn Out payments. After the acquisition date, the allocation of the purchase price was adjusted based upon information that subsequently became available relating to acquisition date working capital, resulting in a payment to the sellers of less than $0.1 million. The Owners acquisition and the adjustment to the preliminary allocation of the purchase price are not material in relation to the Company’s results of operations or financial position.

The final allocation of the purchase price is as follows:



(in thousands)

Accounts receivable, net	$	32
Prepaid expenses	28
Software	501
Trademarks and trade names	1,431
Goodwill	19,775
	21,767
Accounts payable	(22		)

Purchase price	$	21,745

Mortgage Builder Acquisition

On September 12, 2014, we acquired certain assets and assumed certain liabilities of Mortgage Builder Software, Inc. (“Mortgage Builder”) pursuant to a Purchase and Sale Agreement dated July 18, 2014 (the “Purchase and Sale Agreement”). Mortgage Builder is a provider of residential mortgage loan origination and servicing software systems. Pursuant to the terms of the Purchase and Sale Agreement, we paid $15.7 million at closing in cash (net of closing working capital adjustments). Additionally, the Purchase and Sale Agreement provides for the payment of up to $7.0 million in potential additional consideration (the “MB Earn-Out”) based on Adjusted Revenue (as defined in the Purchase and Sale Agreement) in the three consecutive 12-month periods following closing. At closing, we estimated the fair value of the MB Earn-Out to be $1.6 million determined based on the present value of future estimated MB Earn-Out payments. After the acquisition date, the allocation of the purchase price was adjusted based upon information that subsequently became available relating to acquisition date working capital, resulting in an obligation of the sellers to pay the Company $0.2 million. The Mortgage Builder acquisition and the adjustment to the preliminary allocation of the purchase price are not material in relation to the Company’s results of operations or financial position.

The final adjusted allocation of the purchase price is as follows:



(in thousands)

Cash	$	668
Accounts receivable, net	1,102
Prepaid expenses	38
Premises and equipment, net	553
Software	1,509
Trademarks and trade names	209
Customer relationships	4,824
Goodwill	9,135
	18,038
Accounts payable and accrued expenses	(950		)

Purchase price	$	17,088

See Note 10 for additional information on the impairment of Technology Services goodwill for the year ended December 31, 2015, which includes Mortgage Builder goodwill.

Equator Acquisition

On November 15, 2013, we completed the acquisition of all of the outstanding limited liability company interests of Equator, LLC (“Equator”) pursuant to a Purchase and Sale Agreement dated August 19, 2013 (the “Purchase Agreement”). Pursuant to the terms of the Purchase Agreement, we paid $63.4 million at closing in cash (net of closing working capital adjustments), subject to certain post-closing adjustments based on current assets and current liabilities of Equator at closing. After the acquisition date, management adjusted the purchase price allocation based upon information that has subsequently become available relating to acquisition date working capital, resulting in an obligation of the Company to pay the sellers an additional $3.7 million. Consequently, the Company retrospectively adjusted the fair value of the assets acquired and liabilities assumed in the consolidated balance sheet as of December 31, 2013 as well as disclosed the corresponding amount of non-cash investing and financing activities in the consolidated statement of cash flows for the year ended December 31, 2014.

The Purchase Agreement also provided for the payment of up to $80 million in potential additional consideration (“Equator Earn Out”). The Equator Earn Out was determined based on Equator’s Adjusted EBITA (as defined in the Purchase Agreement) in the three consecutive 12-month periods following closing. Up to $22.5 million of the Equator Earn Out could be earned in each of the first two 12-month periods and up to $35.0 million could be earned in the third 12-month period. Any amounts earned upon the achievement of Adjusted EBITA thresholds would be payable through 2017. We could have, at our discretion, paid up to 20% of each payment of any of the Equator Earn Out in shares of Company restricted stock, with the balance paid in cash. As of the closing date, we estimated the fair value of the Equator Earn Out to be $46.0 million, determined based on the present value of future estimated Equator Earn Out payments at such date, which has subsequently been reduced to $0 with a settlement payment of $0.5 million, as further described below and in Note 6. The acquisition date fair value of the Equator Earn Out is included as a component of the purchase price of Equator.



	Initial purchase price allocation			Adjustments			Adjusted purchase price allocation
(in thousands)	Initial purchase price allocation			Adjustments			Adjusted purchase price allocation

Accounts receivable	$	9,293		$	3,490		$	12,783
Prepaid expenses and other current assets	954			(393		)	561
Premises and equipment	16,974			—			16,974
Customer relationships, trademarks and trade names	43,393			—			43,393
Goodwill	82,460			—			82,460
Other non-current assets	242			78			320
Assets acquired	153,316			3,175			156,491
Accounts payable and accrued expenses	(7,232		)	536			(6,696		)
Deferred revenue	(36,689		)	—			(36,689		)
Liabilities assumed	(43,921		)	536			(43,385		)

Purchase price	$	109,395		$	3,711		$	113,106



		Estimated life (in years)

Premises and equipment (excluding internally developed software)		3 - 5
Internally developed software (included in premises and equipment)		7
Customer relationships (weighted average)		15
Trade names		4

In accordance with ASC Topic 805, Business Combinations, the liability for contingent consideration is reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings. During 2014, the fair value of the contingent consideration related to the Equator acquisition was reduced by $37.9 million with a corresponding increase in earnings based on management’s revised estimates that expected earnings of Equator would be lower than projected at the time of acquisition. The reduction in fair value was recorded in 2014 and is reflected as a reduction of selling, general and administrative expenses in the consolidated statements of operations (see Note 19).

See Note 10 for additional information on the impairment of Technology Services goodwill for the years ended December 31, 2015 and 2014, which includes Equator goodwill.

ResCap Fee-Based Businesses

On April 12, 2013, we entered into an agreement with Ocwen to establish additional terms related to the existing servicing arrangements between Altisource and Ocwen in connection with certain mortgage servicing platform assets of ResCap (the “ResCap Business”). The agreement provides that (i) Altisource will be a provider to Ocwen of certain services related to the ResCap Business, (ii) Ocwen will not establish similar fee-based businesses that would directly or indirectly compete with Altisource’s services as they relate to the ResCap Business and (iii) Ocwen will market and promote the utilization of Altisource’s services to their various third party relationships. Additionally, the parties agreed to use commercially reasonable best efforts to ensure that the loans associated with the ResCap Business are boarded onto Altisource’s mortgage servicing platform. We paid $128.8 million to Ocwen in connection with the ResCap fee-based businesses agreement.

We acquired no tangible assets and assumed no liabilities in connection with the ResCap transaction. However, certain employees as well as practices and processes developed to support the ResCap servicing portfolio were components of the transaction. We accounted for this transaction as a business combination in accordance with ASC Topic 805, Business Combinations.

Management prepared a final purchase price allocation and assigned associated asset lives based upon available information at the time of the agreement and until finalized as of December 31, 2013. The agreement consideration of $128.8 million was fully allocated to the customer relationship intangible asset with an estimated average useful life of 7 years.

See Note 10 for additional information on the impairment of a portion of the ResCap customer relationship intangible asset for the year ended December 31, 2015.

Homeward Fee-Based Businesses

On March 29, 2013, we acquired certain fee-based businesses associated with Ocwen’s acquisition of Homeward. As part of the acquisition, Ocwen agreed not to develop similar fee-based businesses that would directly or indirectly compete with services provided by Altisource to Ocwen with respect to the Homeward servicing portfolio. Additionally, the terms of our Service Agreements with Ocwen were amended to extend the term from 2020 to 2025 (see Note 3). We paid $75.8 million, after a working capital and pre-acquisition net income adjustment payment by Ocwen of $11.1 million, which we received in September 2013.

Since the acquisition date, management adjusted the purchase price allocation and assigned associated asset lives based upon information that has become available. In addition to the working capital adjustment, we also reduced premises and equipment by $1.2 million based on a post-acquisition detailed analysis of software licenses received and increased current liabilities by $2.0 million based on a subsequent detailed analysis of obligations payable as of the closing date, which we paid in 2014. Consequently, the Company disclosed the corresponding amount of non-cash investing and financing activities in the consolidated statement of cash flows for the year ended December 31, 2013.

The final adjusted allocation of the purchase price is as follows:



(in thousands)

Premises and equipment	$	1,559
Customer relationship	75,609
Goodwill	2,039
	79,207
Accounts payable and accrued expenses	(3,390		)

Purchase price	$	75,817



		Estimated life (in years)

Premises and equipment		3 - 5
Customer relationships		7

See Note 10 for additional information on the impairment of a portion of the Homeward customer relationship intangible asset for the year ended December 31, 2015.

The following table presents the unaudited pro forma consolidated results of operations for the year ended December 31, 2013 as if the Equator, ResCap and Homeward transactions had occurred at the beginning of the period presented.



	Year ended December 31, 2013
(in thousands, except per share amounts)	As reported		Pro forma

Revenue	$	768,357	$	854,098
Net income attributable to Altisource	129,973		132,907
Earnings per share — diluted	5.19		5.31

The unaudited pro forma information presents the combined operating results of Altisource and the Homeward fee-based business, ResCap fee-based business and Equator. The Homeward fee-based business, ResCap fee-based business and Equator operating results were derived from their historical financial statements for the most comparable periods available. The results prior to the acquisition dates have been adjusted to include the pro forma impact of the adjustment of amortization of the acquired intangible assets based on the purchase price allocations, the adjustment of interest expense reflecting the portion of our senior secured term loan used in the Homeward fee-based business, ResCap fee-based business and Equator transactions and to reflect the impact of income taxes on the pro forma adjustments utilizing Altisource’s effective income tax rate.

The unaudited pro forma results are presented for illustrative purposes only and do not reflect additional revenue opportunities, the realization of any potential cost savings and any related integration costs. Certain revenue opportunities and cost savings may result from the transactions and the conversion to the Altisource model; however, there can be no assurance that these revenue opportunities and cost savings will be achieved. These pro forma results do not purport to be indicative of the results that would have actually been obtained if the transactions occurred as of the beginning of the period presented, nor is the pro forma data intended to be a projection of results that may be obtained in the future.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

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-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

FAIR VALUE

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

FAIR VALUE

Fair Value Measurements on a Recurring Basis

In accordance with ASC Topic 805, Business Combinations, liabilities for contingent consideration are reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings. Liabilities for acquisition related contingent consideration were recorded in connection with the acquisitions of Equator in 2013 and Mortgage Builder and Owners in 2014. The fair value of the liabilities for acquisition related contingent consideration were $3.9 million and $11.6 million as of December 31, 2015 and 2014, respectively. We measure the liabilities for acquisition related contingent consideration using Level 3 inputs as they are determined based on the present value of future estimated payments, which include sensitivities pertaining to discount rates and financial projections. There were no transfers between different levels during the periods presented.

During 2015, we reached an agreement with the former owners of Equator to extinguish any liability for the Equator Earn Out in exchange for $0.5 million. In connection with this settlement, we reduced the liability for the Equator Earn Out to $0 and recognized a $7.6 million increase in earnings. In 2014, the Company recorded a change in the fair value of the Equator Earn Out of $37.9 million (see Note 5). These transactions are reflected as a reduction in selling, general and administrative expenses in the consolidated statements of operations (see Note 19).

Fair Value Measurements on a Nonrecurring Basis

The Company recorded goodwill impairment losses of $55.7 million and $37.5 million for the years ended December 31, 2015 and 2014, respectively, based on fair value measurements. In addition, the Company recorded an intangible asset impairment losses of $11.9 million and a premises and equipment impairment loss of $4.1 million for the year ended December 31, 2015, based on fair value measurements. These fair value measurements were based on inputs classified as Level 3 in the valuation hierarchy (see Notes 9 and 10).

Fair Value of Financial Instruments

The following table presents the carrying amount and estimated fair value of financial instruments held by the Company at December 31, 2015 and 2014 that are not carried at fair value. The fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP:



	December 31, 2015								December 31, 2014
(in thousands)	Carrying Amount		Fair Value						Carrying Amount		Fair Value
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3

Cash and cash equivalents	$	179,327	$	179,327	$	—	$	—	$	161,361	$	161,361	$	—	$	—
Restricted cash	4,801		4,801		—		—		3,022		3,022		—		—
Long-term debt	536,598		—		469,523		—		591,543		—		467,319		—

Our financial assets and financial liabilities primarily include cash and cash equivalents, restricted cash and long-term debt. Cash and cash equivalents and restricted cash are carried at amounts that approximate their fair value due to the short-term nature of these instruments and were measured using Level 1 inputs. The fair value of our long-term debt is based on quoted market prices. Based on the frequency of trading, we do not believe that there is an active market for our debt. Therefore, the quoted prices are considered Level 2 inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

ACCOUNTS RECEIVABLE, NET

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following as of December 31:



(in thousands)	2015			2014

Billed	$	67,021		$	73,532
Unbilled	56,458			61,326
	123,479			134,858
Less: allowance for doubtful accounts	(18,456		)	(22,675		)

Total	$	105,023		$	112,183

Unbilled receivables consist primarily of certain asset management and default management services for which we generally recognize revenues over the service delivery period but bill following completion of the service. We also include in unbilled receivables amounts that are earned during a month and billed in the following month.

Bad debt expense amounted to $5.5 million, $16.3 million and $2.5 million for the years ended December 31, 2015, 2014 and 2013, respectively, and is included in selling, general and administrative expenses in the consolidated statements of operations. Bad debt expense increased during 2014 primarily driven by the default management services business. A change in many of our default management services customers’ business models and fourth quarter 2014 discussions with those customers led us to believe that a portion of the accounts receivable balance was no longer collectible.

PREPAID EXPENSES AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following as of December 31:



(in thousands)	2015		2014

Maintenance agreements, current portion	$	7,000	$	6,367
Income taxes receivable	633		5,258
Prepaid expenses	7,873		6,989
Other current assets	6,245		4,953

Total	$	21,751	$	23,567

PREMISES AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PREMISES AND EQUIPMENT, NET

Premises and equipment, net consists of the following as of December 31:



(in thousands)	2015			2014

Computer hardware and software	$	177,010		$	140,799
Office equipment and other	21,720			36,032
Furniture and fixtures	14,443			12,231
Leasehold improvements	35,503			34,069
	248,676			223,131
Less: accumulated depreciation and amortization	(129,555		)	(95,372		)

Total	$	119,121		$	127,759

Depreciation and amortization expense amounted to $36.5 million, $29.0 million and $19.1 million for the years ended December 31, 2015, 2014 and 2013, respectively, and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the consolidated statements of operations.

In the fourth quarter of 2015, we recognized a $4.1 million premises and equipment impairment loss in our Technology Services segment primarily driven by the Company’s current projected Technology Services revenue from Ocwen and investment in technologies provided to Ocwen. There were no impairments of premises and equipment for the years ended December 31, 2014 and 2013.

GOODWILL AND INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

Goodwill was recorded primarily in connection with the 2015 acquisitions of CastleLine and the Acquired RentRange and Investability Businesses, the 2014 acquisitions of Mortgage Builder and Owners, the 2013 acquisitions of Homeward and Equator, the 2011 acquisitions of Springhouse, LLC and Tracmail and the 2010 acquisition of MPA. Note 5 discusses 2015, 2014 and 2013 acquisitions. Changes in goodwill during the years ended December 31, 2015 and 2014 are summarized below:



(in thousands)	Mortgage Services		Financial Services		Technology Services			Total

Balance January 1, 2014	$	12,958	$	2,378	$	84,078		$	99,414
Acquisition of Mortgage Builder	—		—		9,135			9,135
Acquisition of Owners	19,775		—		—			19,775
Impairment of Equator goodwill	—		—		(37,473		)	(37,473		)
Balance, December 31, 2014	32,733		2,378		55,740			90,851
Acquisition of CastleLine	28,125		—		—			28,125
Acquisition of Acquired RentRange and Investability Businesses	19,565		—		—			19,565
Impairment of Technology Services goodwill	—		—		(55,740		)	(55,740		)

Balance, December 31, 2015	$	80,423	$	2,378	$	—		$	82,801

In the second quarter of 2014, management determined that Equator goodwill should be tested for impairment as a result of the decline in fair value of the Equator Earn Out (see Note 15). Consequently, we initiated a quantitative two-step goodwill impairment test by comparing the carrying value of the net assets of Equator to its fair value based on a discounted cash flow analysis. Based on this goodwill assessment, we determined that the fair value of Equator was less than its carrying value and goodwill was impaired. As a result, we recorded an impairment loss of $37.5 million.

During our fourth quarter 2014 and 2015 annual goodwill assessments, we elected to bypass the initial analysis of qualitative factors and perform a quantitative two-step goodwill impairment test of all of our reporting units as a result of the goodwill impairment recorded in the second quarter of 2014. We calculated the fair value of each of our reporting units by using a discounted cash flow analysis and concluded that the fair values of the Mortgage Services, Financial Services and Technology Services reporting units exceeded their carrying values by a significant margin in 2014 and that the fair values of the Mortgage Services and Financial Services reporting units exceeded their carrying values by a significant margin in 2015. In 2015, the fair value of the Technology Services reporting unit was less than its carrying value. Accordingly, we performed step two of the impairment test for the Technology Services reporting unit and determined that the remaining $55.7 million of goodwill was impaired. As a result, we recorded an estimated $55.7 million impairment loss in the fourth quarter of 2015. This goodwill impairment was primarily driven by the Company’s current projected Technology Services revenue from Ocwen and investment in technologies provided to Ocwen. There were no additional goodwill impairments as of December 31, 2015 and 2014, and there was no goodwill impairment in 2013.

Intangible Assets, Net

Intangible assets, net consist of the following as of December 31:



	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization						Net book value
(in thousands)	Weighted average estimated useful life (in years)	2015		2014		2015			2014			2015		2014

Definite lived intangible assets:
Trademarks and trade names	13	$	15,244	$	13,889	$	(6,491	)	$	(5,016	)	$	8,753	$	8,873
Customer related intangible assets	10	274,428		289,308		(113,725		)	(79,606		)	160,703		209,702
Operating agreement	20	35,000		35,000		(10,354		)	(8,604		)	24,646		26,396
Non-compete agreements	4	1,435		—		(115		)	—			1,320		—
Intellectual property	10	300		300		(55		)	(25		)	245		275
Other intangible assets	5	1,375		—		(39		)	—			1,336		—

Total		$	327,782	$	338,497	$	(130,779	)	$	(93,251	)	$	197,003	$	245,246

Amortization expense for definite lived intangible assets was $41.1 million, $37.7 million and $28.2 million for the years ended December 31, 2015, 2014 and 2013, respectively. Expected annual definite lived intangible asset amortization expense for 2016 through 2020 is $32.3 million, $26.7 million, $23.6 million, $21.4 million and $19.5 million, respectively.

In the fourth quarter of 2015, we recorded an impairment loss of $11.9 million in our Technology Services segment related to customer relationship intangible assets from the 2013 Homeward and ResCap fee-based business acquisitions. These impairments of intangible assets were primarily driven by the Company’s current projected Technology Services revenue from Ocwen and investment in technologies provided to Ocwen. There were no impairments of intangible assets for the years ended December 31, 2014 and 2013.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

INVESTMENT IN EQUITY AFFILIATE	12 Months Ended
INVESTMENT IN EQUITY AFFILIATE	Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENT IN EQUITY AFFILIATE	INVESTMENT IN EQUITY AFFILIATE Correspondent One purchased closed conforming residential mortgages from approved mortgage bankers. Prior to the sale of our interest in Correspondent One to Ocwen on March 31, 2013 (see Note 4), we had significant influence over the general operations of Correspondent One consistent with our 49% ownership level, and therefore, accounted for our investment under the equity method. On March 31, 2013, we sold our 49% interest in Correspondent One to Ocwen for $12.6 million. Our net loss on this investment using the equity method was $0.2 million for the year ended December 31, 2013 (no comparative amounts for 2015 and 2014).

OTHER ASSETS

12 Months Ended

Dec. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

Other assets consist of the following as of December 31:



(in thousands)	2015		2014

Security deposits, net	$	5,341	$	7,277
Debt issuance costs, net	6,184		8,099
Maintenance agreements, non-current portion	1,570		3,324
Restricted cash	4,801		3,022
Other	1,441		545

Total	$	19,337	$	22,267

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accounts payable and accrued expenses consist of the following as of December 31:



(in thousands)	2015		2014

Accounts payable	$	11,644	$	28,280
Accrued expenses - general	30,347		31,693
Accrued salaries and benefits	46,564		44,150
Income taxes payable	3,316		7,643

Total	$	91,871	$	111,766

Other current liabilities consist of the following as of December 31:



(in thousands)	2015		2014

Unfunded cash account balances	$	6,395	$	4,788
Other	9,871		8,439

Total	$	16,266	$	13,227

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of the following as of December 31:



(in thousands)	2015			2014

Senior secured term loan	$	536,598		$	591,543
Less: unamortized discount, net	(2,236		)	(2,929		)
Net long-term debt	534,362			588,614
Less: current portion	(5,945		)	(5,945		)

Long-term debt, less current portion	$	528,417		$	582,669

On November 27, 2012, Altisource Solutions S.à r.l., a wholly-owned subsidiary of Altisource Portfolio Solutions S.A., entered into a senior secured term loan agreement with Bank of America, N.A., as administrative agent, and certain lenders. Altisource Portfolio Solutions S.A. and certain wholly-owned subsidiaries are guarantors of the term loan (collectively, the “Guarantors”). We subsequently amended the senior secured term loan agreement to increase the principal amount of the senior secured term loan and, among other changes, re-establish the $200.0 million incremental term loan facility accordion, lower the interest rate, extend the maturity date by approximately one year and increase the maximum amount of Restricted Junior Payments (as defined in the senior secured term loan agreement; other capitalized terms, unless defined herein, are defined in the senior secured term loan agreement).

After giving effect to the third amendment entered into on August 1, 2014, the term loan must be repaid in equal consecutive quarterly principal installments of $1.5 million, which commenced on September 30, 2014, with the balance due at maturity. All amounts outstanding under the senior secured term loan agreement will become due on the earlier of (i) December 9, 2020, and (ii) the date on which the loans are declared to be due and owing by the administrative agent at the request (or with the consent) of the Required Lenders or as otherwise provided in the loan agreement upon the occurrence of any event of default under the senior secured term loan agreement.

In addition to the scheduled principal payments, subject to certain exceptions, the term loan is subject to mandatory prepayment upon issuances of debt, casualty and condemnation events and sales of assets, as well as from a percentage of Consolidated Excess Cash Flow if the leverage ratio is greater than 3.00 to 1.00, as calculated in accordance with the provisions of the senior secured term loan (the percentage increases if the leverage ratio exceeds 3.50 to 1.00). No mandatory prepayments were owed for the year ended December 31, 2015.

During 2015, we repurchased portions of our senior secured term loan with an aggregate par value of $49.0 million at a weighted average discount of 10.3%, resulting in net gains totaling $3.8 million on the early extinguishment of debt. These net gains are included in other income (expense), net in the consolidated statements of operations (see Note 21).

The term loan bears interest at rates based upon, at our option, the Adjusted Eurodollar Rate or the Base Rate. Adjusted Eurodollar Rate loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Adjusted Eurodollar Rate for the applicable interest period and (y) 1.00% plus (ii) a 3.50% margin. Base Rate loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Base Rate and (y) 2.00% plus (ii) a 2.50% margin. The interest rate at December 31, 2015 was 4.50%.

Term loan payments are guaranteed by the Guarantors and are secured by a pledge of all equity interests of certain subsidiaries as well as a lien on substantially all of the assets of Altisource Solutions S.à r.l. and the Guarantors, subject to certain exceptions.

The senior secured term loan agreement includes covenants that restrict or limit, among other things, our ability to: create liens and encumbrances; incur additional indebtedness; sell, transfer or dispose of assets; make Restricted Junior Payments including share repurchases, dividends and repayment of junior indebtedness; change lines of business; amend material debt agreements or other material contracts; engage in certain transactions with affiliates; enter into sale/leaseback transactions; grant negative pledges or agree to such other restrictions relating to subsidiary dividends and distributions; make changes to our fiscal year and engage in mergers and consolidations.

The senior secured term loan agreement contains certain events of default, including (i) failure to pay principal when due or interest or any other amount owing on any other obligation under the senior secured term loan agreement within five days of becoming due, (ii) material incorrectness of representations and warranties when made, (iii) breach of covenants, (iv) failure to pay principal or interest on any other debt that equals or exceeds $40.0 million when due, (v) default on any other debt that equals or exceeds $40.0 million that causes, or gives the holder or holders of such debt the ability to cause, an acceleration of such debt, (vi) occurrence of a Change of Control, (vii) bankruptcy and insolvency events, (viii) entry by a court of one or more judgments against us in an amount in excess of $40.0 million that remain unbonded, undischarged or unstayed for a certain number of days after the entry thereof, (ix) the occurrence of certain ERISA events and (x) the failure of certain Loan Documents to be in full force and effect. If any event of default occurs and is not cured within applicable grace periods set forth in the senior secured term loan agreement or waived, all loans and other obligations could become due and immediately payable and the facility could be terminated.

At December 31, 2015, debt issuance costs were $6.2 million, net of $4.1 million of accumulated amortization. At December 31, 2014, debt issuance costs were $8.1 million, net of $2.2 million of accumulated amortization. Debt issuance costs are included in other assets in the accompanying consolidated balance sheets.

Interest expense on the term loans, including amortization of debt issuance costs and the net debt discount, totaled $28.2 million, $23.4 million and $20.3 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Maturities of our long-term debt are as follows:



(in thousands)

2016	$	5,945
2017	5,945
2018	5,945
2019	5,945
2020	512,818

	$	536,598

OTHER NON-CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2015

Other Liabilities Disclosure [Abstract]

OTHER NON-CURRENT LIABILITIES

Other non-current liabilities consist of the following as of December 31:



(in thousands)	2015		2014

Acquisition related contingent consideration	$	3,932	$	11,616
Other non-current liabilities	14,221		9,032

Total	$	18,153	$	20,648

We recognized gains on the change in the fair value of Equator earn out liability of $7.6 million and $37.9 million for the years ended December 31, 2015 and 2014, respectively (no comparative amount in 2013). The liability for contingent consideration is reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings. In 2015, we reached an agreement with the former owners of Equator to extinguish any liability for the Equator Earn Out. In connection with this settlement, we reduced the liability for the Equator Earn Out to $0 and recognized a $7.6 million increase in earnings. During 2014, the fair value of the contingent consideration related to the Equator acquisition was reduced by $37.9 million with a corresponding increase in earnings based on management’s revised estimates that expected earnings of Equator will be lower than projected at the time of acquisition.

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

Common Stock

At December 31, 2015, we had 25.4 million shares authorized and issued, and 19.0 million shares of common stock outstanding. At December 31, 2014, we had 25.4 million shares authorized and issued, and 20.3 million shares of common stock outstanding. The holders of shares of Altisource common stock generally are entitled to one vote for each share on all matters voted on by shareholders, and the holders of such shares generally will possess all voting power.

On October 9, 2015, we acquired the Acquired RentRange and Investability Businesses for $24.8 million, which included a cash component and the issuance of 247 thousand shares of restricted common stock of the Company with a value of $7.3 million as of the closing date. The restricted stock is subject to transfer restrictions and potential forfeiture provisions. These restrictions and forfeiture provisions will be removed over a four year period, subject to meeting certain continued employment conditions with the Company and meeting certain acquisition related escrow release conditions. In addition, on July 17, 2015, we acquired CastleLine for $33.4 million, which included a cash component and the issuance of 495 thousand shares of restricted common stock of the Company with a value of $14.4 million as of the closing date. The restrictions related to the common stock issued in connections with the CastleLine acquisition were removed on January 20, 2016. See Note 5 for additional information about these acquisitions.

Equity Incentive Plan

Our 2009 Equity Incentive Plan (the “Plan”) provides for various types of equity awards, including stock options, stock appreciation rights, stock purchase rights, restricted shares and other awards, or a combination of any of the above. Under the Plan, we may grant up to 6.7 million Altisource share-based awards to officers, directors, key employees and to employees of our affiliates. As of December 31, 2015, 1.6 million share-based awards were available for future grant under the Plan. Expired and forfeited awards are available for reissuance. Vesting and exercise of share-based awards are generally contingent on continued employment.

Share Repurchase Plan

On May 20, 2015, our shareholders approved a new share repurchase program, which replaced the previous share repurchase program. Under the new program, we are authorized to purchase up to 3.0 million shares of our common stock, based on a limit of 15% of the outstanding shares of common stock on the date of approval at a minimum price of $1.00 per share and a maximum price of $500.00 per share. This is in addition to amounts previously purchased under prior programs. Under the existing and prior programs, we purchased 2.1 million shares of common stock at an average price of $27.60 per share during the year ended December 31, 2015, 2.5 million shares at an average price of $103.67 per share during the year ended December 31, 2014 and 1.2 million shares at an average price of $116.99 per share during the year ended December 31, 2013. As of December 31, 2015, approximately 1.4 million shares of common stock remain available for repurchase under the new program. Our senior secured term loan limits the amount we can spend on share repurchases and may prevent repurchases in certain circumstances. As of December 31, 2015, approximately $360 million was available to repurchase shares of our common stock under our senior secured term loan.

Share-Based Compensation

We issue share-based awards in the form of stock options and certain other equity-based awards for certain employees and officers. We recorded share-based compensation expense of $4.8 million, $2.2 million and $2.4 million for the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, estimated unrecognized compensation costs related to share-based awards amounted to $11.4 million, which we expect to recognize over a weighted average remaining requisite service period of approximately 2.65 years.

Stock Options

Stock option grants are composed primarily of a combination of service-based and market-based options.

Service-Based Options. These options generally vest over three years or four years with equal annual cliff-vesting and expire on the earlier of ten years after the date of grant or following termination of service. A total of 1.2 million service-based awards were outstanding at December 31, 2015.

Market-Based Options. These option grants generally have two components, each of which vests only upon the achievement of certain criteria. The first component, which we refer to internally as “ordinary performance” grants, consists of two-thirds of the market-based grant and begins to vest if the stock price is at least double the exercise price, as long as the stock price realizes a compounded annual gain of at least 20% over the exercise price. The remaining third of the market-based options, which we refer to internally as “extraordinary performance” grants, begins to vest if the stock price is at least triple the exercise price, as long as the stock price realizes a compounded annual gain of at least 25% over the exercise price. The vesting schedule for substantially all market-based awards is 25% upon achievement of the criteria and thereafter the remaining 75% in three equal annual installments. Market-based options generally expire on the earlier of ten years after the date of grant or following termination of service, unless the performance criteria is met prior to termination of service or in the final three years of the option term, in which case vesting will continue in accordance with the provisions of the award agreement. A total of 2.0 million market-based awards were outstanding at December 31, 2015.

The Company granted 0.9 million stock options (at a weighted average exercise price of $24.21 per share), 0.1 million stock options (at a weighted average exercise price $84.61 per share) and less than 0.1 million stock options (at a weighted average exercise price of $104.84 per share) during the years ended December 31, 2015, 2014 and 2013, respectively.

The fair value of the service-based options was determined using the Black-Scholes option pricing model and the fair value of the market-based options was determined using a lattice (binomial) model. The following assumptions were used to determine the fair value as of the grant date:

2015

2014

2013

Black-Scholes

Binomial

Black-Scholes

Binomial

Black-Scholes

Binomial

Risk-free interest rate (%)

1.50 – 1.91

0.02 – 2.34

1.80 – 1.91

0.01 – 2.49

1.02 – 1.81

0.01 – 2.71

Expected stock price volatility (%)

55.06 – 59.73

37.57 – 45.15

38.38 – 45.15

36.35 – 36.76

36.40 – 36.80

Expected dividend yield

—

Expected option life (in years)

6.00 – 6.25

4.08 – 4.92

6.25

4.36 – 5.83

6.25

4.20 – 6.50

Fair value

$10.01 – $17.66

$9.91 – $18.05

$15.54 – $41.79

$12.66 – $33.62

$31.33 – $49.14

$16.12 – $41.72

We determined the expected option life of all service-based stock option grants using the simplified method. We use the simplified method because we believe that our historical data does not provide a reasonable basis upon which to estimate expected option life.

The following table summarizes the weighted average grant date fair value of stock options granted per share, the total intrinsic value of stock options exercised and the grant date fair value of stock options vested during the years ended December 31:



(in thousands, except per share amounts)	2015		2014		2013

Weighted average grant date fair value of stock options granted per share	$	13.20	$	26.92	$	32.59
Intrinsic value of stock options exercised	1,998		10,250		40,761
Grant date fair value of stock options that vested during the period	1,616		2,641		3,156

The following table summarizes the activity related to our stock options:



	Number of options		Weighted average exercise price		Weighted average contractual term (in years)	Aggregate intrinsic value (in thousands)

Outstanding at December 31, 2014	2,601,892		$	21.21	4.44	$	47,805
Granted	853,510		24.21
Exercised	(130,682	)	10.64
Forfeited	(161,595	)	66.72

Outstanding at December 31, 2015	3,163,125		20.13		4.94	35,842

Exercisable at December 31, 2015	2,214,051		14.43		3.12	32,395

The following table summarizes information about stock options outstanding and exercisable at December 31, 2015:



	Options outstanding				Options exercisable
Exercise price range	Number	Weighted average remaining contractual life (in years)	Weighted average exercise price		Number	Weighted average remaining contractual life (in years)	Weighted average exercise price

Up to $10.00^(a)	1,575,003	2.54	$	9.14	1,575,003	2.54	$	9.14
$10.01 — $20.00^(a)	427,781	8.44	18.23		64,729	3.66	15.08
$20.01 — $30.00^(a)	881,711	6.73	25.68		470,311	4.32	23.21
$30.01 — $40.00^(a)	63,880	7.02	32.26		39,880	5.43	33.05
$40.01 — $50.00^(a)	5,000	8.94	49.06		313	8.94	49.06
$60.01 — $70.00^(a)	71,000	6.19	60.73		46,469	6.19	60.74
$70.01 — $80.00^(a)	25,000	8.87	72.78		1,563	8.87	72.78
$80.01 — $90.00^(a)	40,000	8.04	85.63		9,063	7.37	84.35
$90.01 — $100.00^(a)	71,875	8.33	94.31		6,251	8.01	94.26
$100.01 — $110.00^(a)	1,875	8.37	105.11		469	8.37	105.11

	3,163,125				2,214,051

^(a)These options contain market-based components as described above.

The following table summarizes the market prices necessary in order for the market performance options to begin to vest:



	Market-based options
Vesting price	Ordinary performance		Extraordinary performance

$170.01 — $180.00	12,500		—
$180.01 — $190.00	12,500		25,875
Over $190.00	22,500		30,000

Total	47,500		55,875

Weighted average share price	$	92.29	$	77.03

Other Share-Based Awards

The Company’s other share-based and similar types of awards are composed of restricted shares and Equity Appreciation Rights (“EARs”).

The restricted shares are service-based awards that vest over one to four years with either annual cliff vesting, vesting of all of the restricted shares at the end of the vesting period or vesting beginning after two years of service. The Company granted 0.3 million restricted shares (at a weighted average price of $19.25 per share) during the year ended December 31, 2015. A total of 0.3 million restricted shares were outstanding at December 31, 2015.

The following table summarizes the activity related to our restricted shares:



	Number of restricted shares

Outstanding at December 31, 2014	26,224
Granted	251,938
Issued	(2,836	)
Forfeited	(3,000	)

Outstanding at December 31, 2015	272,326

EARs provide participating employees of certain divisions of the Company with the potential to receive a percentage of the increase in the value of the applicable division during the term of the EARs. The Company has established EAR plans for three divisions: Consumer Analytics, Document Solutions and Marketplace Solutions. These EAR plans allow for the issuance of EARs representing up to 15% of each of these divisions. The EARs consist of service-based awards and performance-based awards. Service-based EARs generally vest in equal installments on the first, second, third and fourth anniversaries of the grant date. Performance-based EARs generally begin to vest on the date certain performance criteria are achieved by the applicable division of the Company.

The participating employee will have the opportunity at certain times specified in the award agreement to exercise EARs that have vested and in exchange will receive share equivalency units, the number of which will be based on the increase in value of the division and the amount of EARs awarded to the participating employee. After a holding period of six months and one day, the Company, the applicable division or an affiliate of the Company may redeem the share equivalency units for a payment equal to the then fair market value of the share equivalency units. At the Company’s option, the share equivalency units may be redeemed for cash, shares of Altisource’s common stock under its shareholder approved equity incentive plan, a subordinated note payable or, under certain circumstances where the division has been converted into a company form, shares of that company. Upon the occurrence of certain corporate transactions, including the sale of the division, a qualified initial public offering of the equity of the division or a spin-off of the division, the Company will have the right to repurchase and cancel any outstanding share equivalency units or shares of the division that have been issued in payment of redeemed share equivalency units, and the applicable plan administrator will have the discretion to adjust the terms of the applicable division EAR plan and any outstanding EARs.

The Company granted EARs with a total grant date fair value of $1.1 million during the year ended December 31, 2015 related to the Company’s Consumer Analytics, Document Solutions and Marketplace Solutions divisions. Generally, 25% of these EARs are service-based and 75% of these EARs are performance-based.

The following table summarizes the activity related to our EARs (expressed as a percentage of each of the divisions):



	Consumer Analytics		Document Solutions		Marketplace Solutions

Outstanding at December 31, 2014	—		—		—
Granted	5.6	%	5.8	%	5.3	%
Forfeited	—		(0.2	)	—

Outstanding at December 31, 2015	5.6	%	5.6	%	5.3	%

The Company intends to issue additional EARs to employees.

Share-based compensation expense for stock options, restricted shares and EARs is recorded net of estimated forfeiture rates ranging from 0% to 40%.

REVENUE REVENUE

12 Months Ended

Dec. 31, 2015

Revenues [Abstract]

Revenue

REVENUE

Revenue includes service revenue, reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services. Reimbursable expenses and non-controlling interests are pass-through items for which we earn no margin. Reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services, but we pass such costs directly on to our customers without any additional markup. Non-controlling interests represent the earnings of Lenders One, Wholesale One and Residential Investor One, consolidated entities not owned by Altisource, and are included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 2). The components of revenue were as follows for the years ended December 31:



(in thousands)	2015		2014		2013

Service revenue	$	940,920	$	938,679	$	662,059
Reimbursable expenses	107,344		137,634		102,478
Non-controlling interests	3,202		2,603		3,820

Total	$	1,051,466	$	1,078,916	$	768,357

COST OF REVENUE

12 Months Ended

Dec. 31, 2015

Cost of Revenue [Abstract]

COST OF REVENUE

Cost of revenue principally includes payroll and employee benefits associated with personnel employed in customer service and operations roles, fees paid to external providers related to the provision of services, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows for the years ended December 31:



(in thousands)	2015		2014		2013

Compensation and benefits	$	261,839	$	255,889	$	156,812
Outside fees and services	248,278		243,325		193,233
Reimbursable expenses	107,344		137,634		102,478
Technology and telecommunications	43,177		48,834		25,534
Depreciation and amortization	26,689		21,498		14,423

Total	$	687,327	$	707,180	$	492,480

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

12 Months Ended

Dec. 31, 2015

Selling, General and Administrative Expense [Abstract]

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Selling, general and administrative expenses include payroll and employee benefits associated with personnel employed in executive, finance, law, compliance, human resources, vendor management, risk, sales and marketing roles. This category also includes occupancy costs, professional fees, marketing costs, depreciation and amortization of non-operating assets and other expenses. The components of selling, general and administrative expenses were as follows for the years ended December 31:



(in thousands)	2015		2014		2013

Compensation and benefits	$	54,897	$	45,098	$	27,864
Professional services	23,183		18,598		8,022
Occupancy related costs	39,917		38,262		28,424
Amortization of intangible assets	41,135		37,680		28,176
Depreciation and amortization	9,781		7,548		4,633
Marketing costs	27,499		24,130		5,028
Other	24,456		30,417		11,663

Total	$	220,868	$	201,733	$	113,810

OTHER INCOME (EXPENSE), NET

12 Months Ended

Dec. 31, 2015

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE), NET

Other income (expense), net consists of the following for the years ended December 31:



(in thousands)	2015		2014		2013

Gain on early extinguishment of debt	$	3,836	$	—	$	—
Loss in equity affiliate, including impairment loss	—		—		(176		)
Interest income	133		103		899
Other, net	76		71		(166		)

Total	$	4,045	$	174	$	557

INCOME TAXES

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of income before income taxes and non-controlling interests consist of the following for the years ended December 31:



(in thousands)	2015		2014		2013

Domestic - Luxembourg	$	27,884	$	124,181	$	122,722
Foreign - U.S.	5,944		9,575		11,125
Foreign - Non-U.S.	19,232		13,509		8,486

Total	$	53,060	$	147,265	$	142,333

The income tax provision consists of the following for the years ended December 31:



(in thousands)	2015			2014			2013

Current:
Domestic - Luxembourg	$	1,787		$	4,415		$	2,516
Foreign - U.S. Federal	539			75			6
Foreign - U.S. State	855			476			403
Foreign - Non-U.S.	6,405			4,046			3,600

	$	9,586		$	9,012		$	6,525
Deferred:
Foreign - U.S. Federal	$	(108	)	$	1,756		$	2,506
Foreign - U.S. State	(526		)	(281		)	84
Foreign - Non-U.S.	(692		)	(309		)	(575		)

	$	(1,326	)	$	1,166		$	2,015

Total	$	8,260		$	10,178		$	8,540

We received a tax ruling in June 2010 regarding the treatment of certain intangibles that exist for purposes of determining the Company’s taxable income, which expires in 2019 unless extended or renewed. This ruling does not have a material impact on our deferred tax assets or liabilities. Income tax computed by applying the Luxembourg statutory income tax rate of 29.2% differs from income tax computed at the effective tax rate primarily because of the effect of the tax ruling and differing tax rates in multiple jurisdictions.

We operate under tax holidays in certain geographies in India, the Philippines and Uruguay. The India tax holidays are effective through 2020, and may be extended if certain additional requirements are satisfied. The Philippines tax holiday is effective through 2016, and may also be extended. We operate in a Uruguay free trade zone that provides an indefinite future tax benefit. The tax holidays are conditional upon our meeting certain employment and investment thresholds. The impact of these tax holidays decreased foreign taxes by $0.8 million ($0.04 per diluted share), $0.9 million ($0.04 per diluted share) and $0.2 million ($0.01 per diluted share) for the years ended December 31, 2015, 2014 and 2013, respectively.

The Company accounts for certain income and expense items differently for financial reporting purposes and income tax purposes. We recognize deferred income tax assets and liabilities for these differences between the financial reporting basis and the tax basis of our assets and liabilities as well as expected benefits of utilizing net operating loss and credit carryforwards. We measure deferred income tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which we expect to recover or settle those temporary differences.

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:



(in thousands)	2015			2014

Current deferred tax assets:
Allowance for doubtful accounts and other reserves	$	—		$	72
Accrued expenses	—			5,165
Current deferred tax liabilities:
Prepaid expenses	—			(250		)

Current deferred tax assets, net	$	—		$	4,987

Non-current deferred tax assets:
Net operating loss carryforwards	$	5,417		$	13,940
U.S. federal and state tax credits	2,577			1,202
Non-U.S. deferred tax assets	2,472			1,780
Share-based compensation	1,750			856
Accrued expenses	7,730			—
Non-current deferred tax liabilities:
Intangible assets	(4,508		)	(5,302		)
Depreciation	(7,446		)	(11,878		)
Other	(815		)	(177		)
	7,177			421

Valuation allowance	(3,558		)	(3,115		)

Non-current deferred tax assets, net	$	3,619		$	—

Non-current deferred tax liabilities, net	$	—		$	(2,694	)

Net deferred tax assets	$	3,619		$	2,293

A valuation allowance is provided when it is deemed more likely than not that some portion or all of a deferred tax asset will not be realized. In determining whether a valuation allowance is needed, we considered estimates of future taxable income, future reversals of temporary differences, the tax character of gains and losses and the impact of tax planning strategies that can be implemented, if warranted. The net increase in valuation allowance of $0.4 million during 2015 relates to an increase in foreign losses generated in the current year that the Company believes will more likely than not be realized.

We have not provided Luxembourg deferred taxes on cumulative earnings of non-Luxembourg affiliates as we have chosen to indefinitely reinvest these earnings. The earnings reinvested as of December 31, 2015 were approximately $63.5 million, which if distributed would result in additional tax due totaling approximately $12.5 million.

The Company had a deferred tax asset of $5.4 million as of December 31, 2015 relating to the U.S. federal, state and foreign net operating losses compared to $13.9 million as of December 31, 2014. Of this amount, $1.6 million as of December 31, 2015 related to state net operating losses subject to a valuation allowance compared to $1.8 million as of December 31, 2014, and $2.3 million as of December 31, 2015 related to Luxembourg net operating losses subject to a valuation allowance compared to $1.7 million as of December 31, 2014. The Company has not recognized the U.S. federal net operating loss carryforwards of $13.6 million as of December 31, 2015 related to stock options exercised compared to $13.6 million as of December 31, 2014. If realized, the benefit would be an increase to additional paid-in capital. The gross amount of net operating losses available for carryover to future years is approximately $14.8 million as of December 31, 2015 compared to $35.7 million as of December 31, 2014. Of this amount, $10.1 million as of December 31, 2015 compared to $12.2 million as of December 31, 2014 relates to Nationwide Credit, Inc. (“NCI”) for periods prior to our acquisition of NCI and is subject to Section 382 of the Internal Revenue Code (the “Code”) which limits their use to approximately $1.3 million per year. These losses are scheduled to expire between the years 2022 and 2029.

In addition, the Company had a deferred tax asset of $2.6 million and $1.2 million as of December 31, 2015 and 2014, respectively, relating to the U.S. federal and state tax credits. The U.S. federal credit carryforward is scheduled to expire between 2032 and 2035. The state tax credit carryforwards are scheduled to expire between 2017 and 2025.

The distribution of the Company in connection with the separation from Ocwen during 2009 was intended to be a tax-free transaction under Section 355 of the Code. To the extent Ocwen does recognize tax under Section 355 of the Code, Altisource has agreed to indemnify Ocwen. In addition, we have agreed to indemnify Ocwen should the expected tax treatments not be upheld upon review or audit to the extent related to our operating results. The Company does not anticipate a material obligation under this indemnity.

The following table reconciles the Luxembourg statutory tax rate to our effective tax rate for the years ended December 31:



	2015		2014		2013

Statutory tax rate	29.22	%	29.22	%	29.22	%
Permanent difference related to Luxembourg intangible assets	(13.56	)	(22.60	)	(23.59	)
Change in valuation allowance	0.83		(0.05	)	0.76
State tax expense	0.29		0.03		0.24
Tax credits	(2.34	)	(0.71	)	—
Uncertain taxes	1.39		0.88		—
Other	(0.26	)	0.14		(0.63	)

Effective tax rate	15.57	%	6.91	%	6.00	%

The Company follows ASC Topic 740 which clarifies the accounting and disclosure for uncertainty in tax positions. We analyzed our tax filing positions in all of the domestic and foreign tax jurisdictions where we are required to file income tax returns as well as for all open tax years in these jurisdictions. The Company has open tax years in the United States (2011 through 2014), India (2010 through 2015) and Luxembourg (2010 through 2013).

The following table reconciles the amount of unrecognized tax benefits for the years ended December 31:



(in thousands)	2015		2014

Amount of unrecognized tax benefits as of the beginning of the year	$	1,153	$	—
Increases as a result of tax positions taken in a prior period	638		1,153
Increases as a result of tax positions taken in the current period	214		—

Amount of unrecognized tax benefits as of the end of the year	$	2,005	$	1,153

The total amount of unrecognized tax benefits including interest and penalties that, if recognized, would affect the effective tax rate is $2.1 million and $1.3 million as of December 31, 2015 and 2014, respectively. The Company recognizes interest, if any, related to unrecognized tax benefits as a component of income tax expense. As of December 31, 2015 and 2014, the Company had recorded accrued interest and penalties related to unrecognized tax benefits of $0.2 million and $0.1 million, respectively.

Due to an expected settlement within the next twelve months, an estimated $1.5 million of unrecognized tax benefits may be recognized during that twelve month period.

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic EPS is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of all dilutive securities using the treasury stock method.

Basic and diluted EPS are calculated as follows for the years ended December 31:



(in thousands, except per share data)	2015		2014		2013

Net income attributable to Altisource	$	41,598	$	134,484	$	129,973

Weighted average common shares outstanding, basic	19,504		21,625		23,072
Dilutive effect of stock options and restricted shares	1,115		2,009		1,981

Weighted average common shares outstanding, diluted	20,619		23,634		25,053

Earnings per share:
Basic	$	2.13	$	6.22	$	5.63

Diluted	$	2.02	$	5.69	$	5.19

For the years ended December 31, 2015, 2014 and 2013, 0.6 million options, less than 0.1 million options and less than 0.1 million options, respectively, that were anti-dilutive have been excluded from the computation of diluted EPS. These options were anti-dilutive and excluded from the computation of diluted EPS because their exercise price was greater than the average market price of our common stock. Also excluded from the computation of diluted EPS are 0.3 million options, 0.1 million options and 0.1 million options for the years ended December 31, 2015, 2014 and 2013, respectively, granted for shares that are issuable upon the achievement of certain market and performance criteria related to our common stock price and an annualized rate of return to investors that have not yet been met.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS

Litigation

From time to time, we are involved in legal and administrative proceedings arising in the course of our business. We record a liability for these matters if an unfavorable outcome is probable and the amount of loss can be reasonably estimated, including expected insurance coverage. For proceedings where the reasonable estimate of loss is a range, we record a best estimate of loss within the range.

On September 8, 2014, the West Palm Beach Firefighters’ Pension Fund filed a putative securities class action suit against Altisource Portfolio Solutions S.A. and certain of its current or former officers and directors in the United States District Court for the Southern District of Florida alleging violations of the Securities Exchange Act of 1934 and Rule 10b-5 with regard to disclosures concerning pricing and transactions with related parties that allegedly inflated Altisource Portfolio Solutions S.A. share prices. The Court subsequently appointed the Pension Fund for the International Union of Painters and Allied Trades District Council 35 and the Annuity Fund for the International Union of Painters and Allied Trades District Council 35 as Lead Plaintiffs. On January 30, 2015, Lead Plaintiffs filed an amended class action complaint which added Ocwen Financial Corporation as a defendant, and seeks a determination that the action may be maintained as a class action on behalf of purchasers of Altisource Portfolio Solutions S.A. securities between April 25, 2013 and December 21, 2014 and an unspecified amount of damages. Altisource Portfolio Solutions S.A. moved to dismiss the suit on March 23, 2015. On September 4, 2015, the Court granted the defendants’ motion to dismiss, finding that the Lead Plaintiffs’ amended complaint failed to state a claim as to any of the defendants, but permitting the Lead Plaintiffs to file another amended complaint. Lead Plaintiffs subsequently filed second and third amended complaints with substantially similar claims and theories. Altisource Portfolio Solutions S.A. moved to dismiss the third amended complaint on October 22, 2015. On December 22, 2015, the Court issued an order dismissing with prejudice all claims against Ocwen Financial Corporation and certain claims against Altisource Portfolio Solutions S.A. and the officer and director defendants, but denying the motion to dismiss as to other claims. Altisource Portfolio Solutions S.A. intends to continue to vigorously defend this suit.

On February 11, 2015, W.A. Sokolowski, an alleged shareholder of Ocwen Financial Corporation, filed an amended shareholder derivative complaint in the United States District Court for the Southern District of Florida against Ocwen Financial Corporation (as a nominal defendant), certain of its current or former officers and directors, Altisource Portfolio Solutions S.A. and other companies. The suit seeks recovery of an unspecified amount of damages for alleged breaches of fiduciary duty by Ocwen Financial Corporation’s officers and directors, which were allegedly aided and abetted by Altisource Portfolio Solutions S.A. and other defendants. Altisource Portfolio Solutions S.A. filed a motion to dismiss the complaint on November 9, 2015. While that motion was pending, additional lawsuits alleging similar claims for alleged breaches of fiduciary duty by current or former Ocwen Financial Corporation’s officers and directors were filed in or transferred to the Court. The Court subsequently consolidated these actions and denied Altisource Portfolio Solutions S.A.’s motion to dismiss the Sokolowski complaint without prejudice to re-file following appointment of lead counsel for the consolidated action and the filing or designation of an operative complaint. Altisource Portfolio Solutions S.A. intends to vigorously defend the lawsuit and to move to dismiss all claims against it.

On March 26, 2015, Robert Moncavage, an alleged shareholder of Ocwen Financial Corporation, filed an amended shareholder derivative complaint in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida against Ocwen Financial Corporation, certain of its current or former officers and directors, Altisource Portfolio Solutions S.A. and other companies. The suit seeks recovery of an unspecified amount of damages for alleged breaches of fiduciary duty by the current or former Ocwen Financial Corporation’s officers and directors, which were allegedly aided and abetted by Altisource Portfolio Solutions S.A. and other defendants. On November 9, 2015, the Court entered an order staying all proceedings in the case pending further order of the Court. If the litigation proceeds, Altisource Portfolio Solutions S.A. intends to vigorously defend the lawsuit and to move to dismiss all claims against it.

Altisource is unable to predict the outcomes of these lawsuits or reasonably estimate the potential loss, if any, arising from the suits, given the forthcoming motions to dismiss in the second and third cases have not yet been adjudicated, a stay has been entered in the third case, discovery has not occurred in any of the cases and significant legal and factual issues remain to be determined in all three cases.

In addition to the matters referenced above, we are involved in legal actions in the course of our business, some of which seek monetary damages. We do not believe that the outcome of these proceedings, both individually and in the aggregate, will have a material impact on our financial condition, results of operations or cash flows.

Regulatory Matters

Periodically, we are subject to audits and examinations by federal, state and local governmental authorities and receive subpoenas, civil investigative demands or other requests for information from such governmental authorities in connection with their regulatory or investigative authority. We are currently responding to such inquiries from governmental authorities relating to certain aspects of our business. We believe it is premature to predict the potential outcome or to estimate any potential financial impact in connection with these inquiries.

Ocwen Related Matters

Ocwen is our largest customer and 60% of our 2015 revenue was from Ocwen. Additionally, 21% of our 2015 revenue was earned on the portfolios serviced by Ocwen, when a party other than Ocwen selected Altisource as the service provider. During the fourth quarter of 2015, Altisource recorded an estimated loss in connection with an anticipated payment to Ocwen for obtaining a release of liability for Altisource related to Ocwen’s settlement of a particular case. While currently being negotiated, the ultimate resolution of the matter is not expected to result in a material loss in excess of the amount accrued.

Ocwen has been and is subject to a number of federal and state regulatory investigations, inquiries and requests for information that have or could result in adverse regulatory actions against Ocwen. For example, as a result of various regulatory actions, Ocwen is (i) subject to an independent auditor’s review of compliance with California servicing laws and has agreed not to obtain any new servicing rights in California until the regulator is satisfied with future document requests, (ii) operating under the oversight of an on-site operations monitor imposed by the New York Department of Financial Services (“NYDFS”), which is assessing the adequacy and effectiveness of Ocwen’s operations, including information technology systems, (iii) required to perform benchmarking pricing studies for transactions with related parties (as that term is set forth in Ocwen’s consent order with the NYDFS), which are subject to periodic review by the monitor imposed by the NYDFS and (iv) subject to requirements under an agreement with the Consumer Finance Protection Bureau and various states attorneys general and agencies that imposed specific servicing guidelines and oversight by an independent national monitor. Additionally, as Ocwen has publicly disclosed, it has reached a resolution with the staff of the SEC related to an investigation of certain matters, including Ocwen’s business dealings with related party entities, including Altisource, and its amendments to its 2013 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014, pursuant to which it will pay a civil monetary penalty and consent to the entry of an administrative order requiring that it cease and desist from violations of certain provisions of the Securities Exchange Act of 1934. In addition to these matters, Ocwen continues to be subject to other regulatory investigations, inquiries and requests for information and pending legal proceedings, and Ocwen may become subject to future federal and state regulatory investigations, inquiries and requests for information, any of which could also result in adverse regulatory or other actions against Ocwen.

On April 6, 2015, HLSS completed the sale of substantially all of its assets to NRZ. As a result, as of September 30, 2015, NRZ owns the rights to approximately 77% of Ocwen’s non-government-sponsored enterprise (“non-GSE”) servicing rights. In connection with the sale, Ocwen and HLSS/NRZ amended their agreement to, among other things, eliminate HLSS/NRZ’s ability to transfer servicing away from Ocwen for a servicer rating downgrade for two years (unless HLSS/NRZ determine in good faith that a trustee, or other party entitled to terminate, intends to terminate Ocwen as the servicer) and extend the term of the initial six-year agreements by up to an additional two years. Under the amended agreement, HLSS/NRZ has the right (not necessarily the ability) to transfer servicing away from Ocwen if, among other circumstances, Ocwen fails to maintain certain minimum servicer ratings on or after April 6, 2017. As of December 31, 2015, we believe Ocwen’s servicer ratings were below the minimum rating.

If Ocwen does not achieve the minimum required servicer ratings prior to April 6, 2017, HLSS/NRZ has the right to transfer certain of Ocwen’s servicing pursuant to its contract. Further, certain bondholders of Ocwen-serviced residential mortgage-backed securities (“RMBS”) have alleged that Ocwen, as servicer of certain mortgage-backed securities trusts, defaulted on these servicing agreements. Bondholders of RMBS may attempt to replace Ocwen as servicer as a result of such ratings downgrades or the alleged defaults.

The foregoing may have significant and varied effects on Ocwen’s business and our continuing relationships with Ocwen. For example, Ocwen may be required to alter the way it conducts business, including the parties it contracts with for services (including information technology and software services), it may be required to seek changes to its existing pricing structure with us or otherwise, it may lose or sell some or all of its non-GSE servicing rights or subservicing arrangements or may lose one or more of its state servicing licenses. Additional regulatory actions may impose additional restrictions on or require changes in Ocwen’s business that would require it to sell assets or change its business operations. Any or all of these effects could result in our eventual loss of Ocwen as a customer or a reduction in the number and/or volume of services they purchase from us or the loss of other customers.

If any of the following events occurred, Altisource’s revenue would be significantly lower and our results of operations would be materially adversely affected, including from the impairment or write-off of goodwill, intangible assets, property and equipment, other assets and accounts receivable:


•	Altisource loses Ocwen as a customer or there is a significant reduction in the volume of services they purchase from us


•	Ocwen loses or sells a significant portion or all of its non-GSE servicing rights or subservicing arrangements and Altisource fails to be retained as a service provider


•	Ocwen loses state servicing licenses in states with a significant number of loans in Ocwen’s servicing portfolio and Altisource fails to be retained as a service provider


•	The contractual relationship between Ocwen and Altisource changes significantly or there are significant changes to our pricing to Ocwen for services from which we generate material revenue

Management cannot predict the outcome of the Ocwen related matters or the impact they may have on Altisource. However, in the event these Ocwen related matters materially negatively impact Altisource, we believe the impact to Altisource would occur over an extended period of time and the variable nature of our cost structure would allow us to realign our cost structure in line with remaining revenue.

In this regard, we have a plan that allows us to efficiently execute on this realignment. We believe that transfers of Ocwen’s servicing rights to a successor servicer(s) would take an extended period of time because of the approval required from many parties, including regulators, rating agencies, RMBS trustees, lenders and others. During this period of time, we believe we would continue to generate revenue from the services we provide to the portfolio. Additionally, we have several growth initiatives that focus on diversifying and growing our revenue and customer base. Our major growth initiatives include:


•	Continue to grow our Servicer Solutions business


•	Continue to grow our Origination Solutions business


•	Continue to grow Owners.com, our consumer real estate offering


•	Continue to grow our Real Estate Investor Solutions business

We have an established sales and marketing strategy to support each of these initiatives.

Management believes our plans, together with current liquidity and cash flows from operations will be sufficient to meet working capital, capital expenditures, debt service and other cash needs. However, there can be no assurance that our plans would be successful or our operations would be profitable.

Leases

We lease certain premises and equipment under various operating lease agreements. Future minimum lease payments at December 31, 2015 under non-cancelable operating leases with an original term exceeding one year are as follows:



(in thousands)	Operating lease obligations

2016	$	17,308
2017	15,085
2018	10,983
2019	7,451
2020	3,654
Thereafter	4,860

	$	59,341

Total operating lease expense, net of sublease income, was $20.0 million, $20.1 million and $12.8 million for the years ended December 31, 2015, 2014 and 2013, respectively. The operating leases generally relate to office locations and reflect customary lease terms which range from 1 to 7 years in duration.

In connection with the acquisition of Equator (see Note 5), we executed a standby letter of credit in the amount of $0.7 million related to an office lease, secured by a restricted cash balance. In addition, we executed standby letters of credit totaling $1.7 million for three other office leases.

Escrow and Trust Balances

We hold customers’ assets in escrow and trust accounts at various financial institutions pending completion of certain real estate activities. We also hold cash in trust accounts at various financial institutions where contractual obligations mandate maintaining dedicated bank accounts for Financial Services collections. These amounts are held in escrow and trust accounts for limited periods of time and are not included in the consolidated balance sheets. Amounts held in escrow and trust accounts were $66.6 million and $62.5 million at December 31, 2015 and 2014, respectively.

SEGMENT REPORTING

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT REPORTING

Our business segments are based upon our organizational structure, which focuses primarily on the services offered, and are consistent with the internal reporting used by our Chief Executive Officer (our Chief Operating Decision Maker) to evaluate operating performance and to assess the allocation of our resources.

We classify our businesses into three reportable segments. The Mortgage Services segment provides services that span the mortgage and real estate lifecycle and are typically outsourced by loan servicers, loan originators, home investors and other sellers and buyers of single family homes. The Financial Services segment provides collection and customer relationship management services primarily to debt originators and servicers (e.g., credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. The Technology Services segment provides a portfolio of software, data analytics and information technology infrastructure management services that support the efficient and compliant management of mortgage and real estate activities and marketplace transactions across the lifecycle. In addition, Corporate Items and Eliminations include eliminations of transactions between the reportable segments, interest expense and costs related to corporate support functions including executive, finance, law, compliance, human resources, vendor management, risk and sales and marketing costs not allocated to the business units. Intercompany transactions primarily consist of information technology infrastructure management services.

Financial information for our segments is as follows:



	For the year ended December 31, 2015
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	786,648	$	88,448	$	215,482		$	(39,112	)	$	1,051,466
Cost of revenue	474,169		60,806		187,835			(35,483		)	687,327
Gross profit (loss)	312,479		27,642		27,647			(3,629		)	364,139
Selling, general and administrative expenses	105,153		18,707		29,902			67,106			220,868
Impairment losses	—		—		71,785			—			71,785
Change in the fair value of Equator earn out liability	—		—		(7,591		)	—			(7,591		)
Income (loss) from operations	207,326		8,935		(66,449		)	(70,735		)	79,077
Other income (expense), net	506		58		61			(26,642		)	(26,017		)

Income (loss) before income taxes and non-controlling interests	$	207,832	$	8,993	$	(66,388	)	$	(97,377	)	$	53,060



	For the year ended December 31, 2014
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	793,143	$	98,499	$	227,300		$	(40,026	)	$	1,078,916
Cost of revenue	486,387		64,338		192,426			(35,971		)	707,180
Gross profit (loss)	306,756		34,161		34,874			(4,055		)	371,736
Selling, general and administrative expenses	94,686		18,791		32,393			55,863			201,733
Impairment losses	—		—		37,473			—			37,473
Change in the fair value of Equator earn out liability	—		—		(37,924		)	—			(37,924		)
Income (loss) from operations	212,070		15,370		2,932			(59,918		)	170,454
Other income (expense), net	204		62		(31		)	(23,424		)	(23,189		)

Income (loss) before income taxes and non-controlling interests	$	212,274	$	15,432	$	2,901		$	(83,342	)	$	147,265



	For the year ended December 31, 2013
(in thousands)	Mortgage Services			Financial Services			Technology Services		Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	599,319		$	92,958		$	100,724	$	(24,644	)	$	768,357
Cost of revenue	376,639			55,328			82,612		(22,099		)	492,480
Gross profit (loss)	222,680			37,630			18,112		(2,545		)	275,877
Selling, general and administrative expenses	46,522			15,571			12,435		39,282			113,810
Income (loss) from operations	176,158			22,059			5,677		(41,827		)	162,067
Other income (expense), net	(136		)	(10		)	7		(19,595		)	(19,734		)

Income (loss) before income taxes and non-controlling interests	$	176,022		$	22,049		$	5,684	$	(61,422	)	$	142,333



(in thousands)	Mortgage Services		Financial Services		Technology Services		Corporate Items and Eliminations		Consolidated Altisource

Total assets:
December 31, 2015	$	325,461	$	53,757	$	165,778	$	182,986	$	727,982
December 31, 2014	313,550		56,096		250,059		168,516		788,221

Our services are provided to customers primarily located in the United States. Premises and equipment, net consist of the following, by country:



(in thousands)	December 31, 2015		December 31, 2014

United States	$	85,021	$	88,274
India	21,187		27,082
Luxembourg	9,944		9,059
Philippines	2,664		3,344
Uruguay	305		—

Total	$	119,121	$	127,759

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables contain selected unaudited statement of operations information for each quarter of 2015 and 2014. The following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period. Our business is affected by seasonality.



	2015 quarter ended ^(1)(2)(3)(4)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	240,482	$	268,321	$	272,776	$	269,887
Gross profit	67,656		100,162		98,926		97,395
Income (loss) before income taxes and non-controlling interests	4,808		51,244		41,200		(44,192		)
Net income (loss)	4,408		46,846		37,897		(44,351		)
Net income (loss) attributable to Altisource	3,698		45,950		37,046		(45,096		)

Earnings (loss) per share:
Basic	$	0.18	$	2.35	$	1.94	$	(2.35	)
Diluted	$	0.18	$	2.22	$	1.82	$	(2.35	)

Weighted average shares outstanding:
Basic	20,172		19,571		19,091		19,196
Diluted	20,995		20,669		20,411		19,196



	2014 quarter ended ⁽¹⁾⁽⁵⁾
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	239,269	$	296,072	$	287,688	$	255,887
Gross profit	91,464		112,073		98,964		69,235
Income (loss) before income taxes and non-controlling interests	43,201		58,225		45,867		(28		)
Net income (loss)	40,146		54,732		43,115		(906		)
Net income (loss) attributable to Altisource	39,631		54,101		42,287		(1,535		)

Earnings (loss) per share:
Basic	$	1.76	$	2.45	$	1.96	$	(0.08	)
Diluted	$	1.61	$	2.24	$	1.79	$	(0.08	)

Weighted average shares outstanding:
Basic	22,509		22,089		21,626		20,306
Diluted	24,662		24,166		23,640		20,306

^{___________________________________________________}

⁽¹⁾The sum of quarterly amounts, including per share amounts, may not equal amounts reported for year-to-date periods. This is due to the effects of rounding and changes in the number of weighted average shares outstanding for each period.

⁽²⁾We acquired CastleLine on July 17, 2015 and the Acquired RentRange and Investability Businesses on October 9, 2015 (see Note 5).

⁽³⁾During the fourth quarter of 2015, Altisource recorded an estimated loss in connection with an anticipated payment to Ocwen for obtaining a release of liability for Altisource related to Ocwen’s settlement of a particular case. While currently being negotiated, the ultimate resolution of the matter is not expected to result in a material loss in excess of the amount accrued.

⁽⁴⁾In the fourth quarter of 2015, we recorded impairment losses of $71.8 million in our Technology Services segment primarily driven by the Company’s current projected Technology Services revenue from Ocwen and investment in technologies provided to Ocwen (see Notes 9 and 10).

⁽⁵⁾We acquired Mortgage Builder on September 12, 2014 and Owners on November 21, 2014 (see Note 5).

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS (Notes)

12 Months Ended

Dec. 31, 2015

Valuation and Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS

For the years ended December 31, 2015, 2014 and 2013:



			Additions
	Balance at				Charged to
	Beginning of		Charged to		Other Accounts			Deductions		Balance at
(in thousands)	Period		Expenses		Note (a)(b)			Note (c)(d)		End of Period

Deductions from asset accounts:

Allowance for doubtful accounts:

Year 2015	$	22,675	$	5,514	$	(4	)	$	9,729	$	18,456
Year 2014	5,631		16,257		1,399			612		22,675
Year 2013	3,274		2,549		—			192		5,631

Valuation allowance for deferred tax assets:

Year 2015	$	3,115	$	674	$	—		$	231	$	3,558
Year 2014	3,189		—		—			74		3,115
Year 2013	2,413		—		776			—		3,189

______________________________________

(a) Allowance for doubtful accounts primarily includes amounts previously written off which were credited directly to this account when recovered.

(b)Valuation allowance for deferred tax assets includes current year increase to valuation allowance charged to equity and reclassifications from other balance sheet accounts.

(d) Reductions to valuation allowances related to deferred tax assets.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Basis of Accounting

Principles of Consolidation

Use of Estimates

Cash and Cash Equivalents

Cash and Cash Equivalents - We classify all highly liquid instruments with an original maturity of three months or less at the time of purchase as cash equivalents.

Accounts Receivable, Net

Premises and Equipment, Net



Furniture and fixtures	5 years
Office equipment	5 years
Computer hardware	5 years
Computer software	3-7 years
Leasehold improvements	Shorter of useful life, 10 years or the term of the lease

Business Combinations

Goodwill

Intangible Assets, Net

Debt Issuance Costs and Long-Term Debt

Debt Issuance Costs - Debt issuance costs are capitalized and amortized to interest expense through maturity of the related debt using the effective interest method.

Fair Value Measurements

Level 1 — Quoted prices in active markets for identical assets and liabilities

Level 2 — Observable inputs other than quoted prices included in Level 1

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of assets or liabilities.

Functional Currency

Defined Contribution 401(k) Plan

Share-Based Compensation

Earnings Per Share

Revenue Recognition

Significant areas of judgment include the period over which we recognize property preservation revenue and certain default management services revenue.

Income Taxes

Adoption/Future Adoption of New Accounting Pronouncements

Future Adoption of New Accounting Pronouncements

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Schedule of estimated useful lives using the straight-line method

We report premises and equipment, net at cost or estimated fair value at acquisition for premises and equipment recorded in connection with a business combination and depreciate these assets over their estimated useful lives using the straight-line method as follows:



Furniture and fixtures	5 years
Office equipment	5 years
Computer hardware	5 years
Computer software	3-7 years
Leasehold improvements	Shorter of useful life, 10 years or the term of the lease

CUSTOMER CONENTRATION (Tables)

12 Months Ended

Dec. 31, 2015

Risks and Uncertainties [Abstract]

Schedule of Related Party Transactions



	2015	2014	2013

Mortgage Services	63%	67%	70%
Financial Services	21%	27%	30%
Technology Services	54%	42%	50%
Consolidated revenue	60%	60%	65%

ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2015

RentRange, Investability and Onit Solutions [Member]

Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed v2 [Table Text Block]

The preliminary allocation of the purchase price is as follows:



(in thousands)

Cash	$	3
Accounts receivable, net	245
Premises and equipment, net	1,206
Other assets	199
Software	1,265
Trademarks and trade names	1,205
Databases/other	910
Non-compete agreements	330
Customer relationships	255
Goodwill	19,565
	25,183
Accounts payable and accrued expenses	(391		)

Purchase price	$	24,792

CastleLine

Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed v2 [Table Text Block]

The preliminary allocation of the purchase price is as follows:



(in thousands)

Cash	$	1,088
Accounts receivable, net	510
Prepaid expenses	66
Restricted cash	2,501
Non-compete agreements	1,105
Databases/other	465
Customer relationships	395
Trademarks and trade names	150
Goodwill	28,125
	34,405
Accounts payable and accrued expenses	(875		)
Deferred revenue	(87		)

Purchase price	$	33,443

Equator LLC

Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed v2 [Table Text Block]



	Initial purchase price allocation			Adjustments			Adjusted purchase price allocation
(in thousands)	Initial purchase price allocation			Adjustments			Adjusted purchase price allocation

Accounts receivable	$	9,293		$	3,490		$	12,783
Prepaid expenses and other current assets	954			(393		)	561
Premises and equipment	16,974			—			16,974
Customer relationships, trademarks and trade names	43,393			—			43,393
Goodwill	82,460			—			82,460
Other non-current assets	242			78			320
Assets acquired	153,316			3,175			156,491
Accounts payable and accrued expenses	(7,232		)	536			(6,696		)
Deferred revenue	(36,689		)	—			(36,689		)
Liabilities assumed	(43,921		)	536			(43,385		)

Purchase price	$	109,395		$	3,711		$	113,106



		Estimated life (in years)

Premises and equipment (excluding internally developed software)		3 - 5
Internally developed software (included in premises and equipment)		7
Customer relationships (weighted average)		15
Trade names		4

See Note 10 for additional information on the impairment of Technology Services goodwill for the years ended December 31, 2015 and 2014, which includes Equator goodwill.

Schedule of Estimated Life of Identifiable Assets Acquired as Part of Business Combination [Table Text Block]



		Estimated life (in years)

Premises and equipment (excluding internally developed software)		3 - 5
Internally developed software (included in premises and equipment)		7
Customer relationships (weighted average)		15
Trade names		4

Mortgage Builder

Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed v2 [Table Text Block]

The final adjusted allocation of the purchase price is as follows:



(in thousands)

Cash	$	668
Accounts receivable, net	1,102
Prepaid expenses	38
Premises and equipment, net	553
Software	1,509
Trademarks and trade names	209
Customer relationships	4,824
Goodwill	9,135
	18,038
Accounts payable and accrued expenses	(950		)

Purchase price	$	17,088

Owners.com

Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed v2 [Table Text Block]

The final allocation of the purchase price is as follows:



(in thousands)

Accounts receivable, net	$	32
Prepaid expenses	28
Software	501
Trademarks and trade names	1,431
Goodwill	19,775
	21,767
Accounts payable	(22		)

Purchase price	$	21,745

Residential Capital LLC Mortgage Servicing Platform Assets [Member]

Acquisitions

Schedule of Estimated Life of Identifiable Assets Acquired as Part of Business Combination [Table Text Block]

ResCap Fee-Based Businesses

Homeward Servicing Portfolio

Acquisitions

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed v2 [Table Text Block]

The final adjusted allocation of the purchase price is as follows:



(in thousands)

Premises and equipment	$	1,559
Customer relationship	75,609
Goodwill	2,039
	79,207
Accounts payable and accrued expenses	(3,390		)

Purchase price	$	75,817

Schedule of Estimated Life of Identifiable Assets Acquired as Part of Business Combination [Table Text Block]



		Estimated life (in years)

Premises and equipment		3 - 5
Customer relationships		7

Equator, ResCap and Homeward

Acquisitions

Business Acquisition, Pro Forma Information [Table Text Block]



	Year ended December 31, 2013
(in thousands, except per share amounts)	As reported		Pro forma

Revenue	$	768,357	$	854,098
Net income attributable to Altisource	129,973		132,907
Earnings per share — diluted	5.19		5.31

FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair value methodologies

The fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP:



	December 31, 2015								December 31, 2014
(in thousands)	Carrying Amount		Fair Value						Carrying Amount		Fair Value
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3

Cash and cash equivalents	$	179,327	$	179,327	$	—	$	—	$	161,361	$	161,361	$	—	$	—
Restricted cash	4,801		4,801		—		—		3,022		3,022		—		—
Long-term debt	536,598		—		469,523		—		591,543		—		467,319		—

ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Schedule of accounts receivable, net

Accounts receivable, net consists of the following as of December 31:



(in thousands)	2015			2014

Billed	$	67,021		$	73,532
Unbilled	56,458			61,326
	123,479			134,858
Less: allowance for doubtful accounts	(18,456		)	(22,675		)

Total	$	105,023		$	112,183

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following as of December 31:



(in thousands)	2015		2014

Maintenance agreements, current portion	$	7,000	$	6,367
Income taxes receivable	633		5,258
Prepaid expenses	7,873		6,989
Other current assets	6,245		4,953

Total	$	21,751	$	23,567

PREMISES AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Schedule of premises and equipment, net

Premises and equipment, net consists of the following as of December 31:



(in thousands)	2015			2014

Computer hardware and software	$	177,010		$	140,799
Office equipment and other	21,720			36,032
Furniture and fixtures	14,443			12,231
Leasehold improvements	35,503			34,069
	248,676			223,131
Less: accumulated depreciation and amortization	(129,555		)	(95,372		)

Total	$	119,121		$	127,759

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of changes in goodwill

Changes in goodwill during the years ended December 31, 2015 and 2014 are summarized below:



(in thousands)	Mortgage Services		Financial Services		Technology Services			Total

Balance January 1, 2014	$	12,958	$	2,378	$	84,078		$	99,414
Acquisition of Mortgage Builder	—		—		9,135			9,135
Acquisition of Owners	19,775		—		—			19,775
Impairment of Equator goodwill	—		—		(37,473		)	(37,473		)
Balance, December 31, 2014	32,733		2,378		55,740			90,851
Acquisition of CastleLine	28,125		—		—			28,125
Acquisition of Acquired RentRange and Investability Businesses	19,565		—		—			19,565
Impairment of Technology Services goodwill	—		—		(55,740		)	(55,740		)

Balance, December 31, 2015	$	80,423	$	2,378	$	—		$	82,801

Schedule of intangible assets, net

Intangible assets, net consist of the following as of December 31:



	Weighted average estimated useful life (in years)	Gross carrying amount				Accumulated amortization						Net book value
(in thousands)	Weighted average estimated useful life (in years)	2015		2014		2015			2014			2015		2014

Definite lived intangible assets:
Trademarks and trade names	13	$	15,244	$	13,889	$	(6,491	)	$	(5,016	)	$	8,753	$	8,873
Customer related intangible assets	10	274,428		289,308		(113,725		)	(79,606		)	160,703		209,702
Operating agreement	20	35,000		35,000		(10,354		)	(8,604		)	24,646		26,396
Non-compete agreements	4	1,435		—		(115		)	—			1,320		—
Intellectual property	10	300		300		(55		)	(25		)	245		275
Other intangible assets	5	1,375		—		(39		)	—			1,336		—

Total		$	327,782	$	338,497	$	(130,779	)	$	(93,251	)	$	197,003	$	245,246

OTHER ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of other assets

Other assets consist of the following as of December 31:



(in thousands)	2015		2014

Security deposits, net	$	5,341	$	7,277
Debt issuance costs, net	6,184		8,099
Maintenance agreements, non-current portion	1,570		3,324
Restricted cash	4,801		3,022
Other	1,441		545

Total	$	19,337	$	22,267

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses consist of the following as of December 31:



(in thousands)	2015		2014

Accounts payable	$	11,644	$	28,280
Accrued expenses - general	30,347		31,693
Accrued salaries and benefits	46,564		44,150
Income taxes payable	3,316		7,643

Total	$	91,871	$	111,766

Schedule of other current liabilities

Other current liabilities consist of the following as of December 31:



(in thousands)	2015		2014

Unfunded cash account balances	$	6,395	$	4,788
Other	9,871		8,439

Total	$	16,266	$	13,227

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consists of the following as of December 31:



(in thousands)	2015			2014

Senior secured term loan	$	536,598		$	591,543
Less: unamortized discount, net	(2,236		)	(2,929		)
Net long-term debt	534,362			588,614
Less: current portion	(5,945		)	(5,945		)

Long-term debt, less current portion	$	528,417		$	582,669

Maturities of our long-term debt are as follows:



(in thousands)

2016	$	5,945
2017	5,945
2018	5,945
2019	5,945
2020	512,818

	$	536,598

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

OTHER NON-CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2015

Other Liabilities Disclosure [Abstract]

Schedule of other non current liabilities

Other non-current liabilities consist of the following as of December 31:



(in thousands)	2015		2014

Acquisition related contingent consideration	$	3,932	$	11,616
Other non-current liabilities	14,221		9,032

Total	$	18,153	$	20,648

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of assumptions used to determine the fair value of options as of the grant date

The following assumptions were used to determine the fair value as of the grant date:

2015

2014

2013

Black-Scholes

Binomial

Black-Scholes

Binomial

Black-Scholes

Binomial

Risk-free interest rate (%)

1.50 – 1.91

0.02 – 2.34

1.80 – 1.91

0.01 – 2.49

1.02 – 1.81

0.01 – 2.71

Expected stock price volatility (%)

55.06 – 59.73

37.57 – 45.15

38.38 – 45.15

36.35 – 36.76

36.40 – 36.80

Expected dividend yield

—

Expected option life (in years)

6.00 – 6.25

4.08 – 4.92

6.25

4.36 – 5.83

6.25

4.20 – 6.50

Fair value

$10.01 – $17.66

$9.91 – $18.05

$15.54 – $41.79

$12.66 – $33.62

$31.33 – $49.14

$16.12 – $41.72

Summary of the weighted average fair value of stock options granted, the total intrinsic value of stock options exercised and the fair value of options vested



(in thousands, except per share amounts)	2015		2014		2013

Weighted average grant date fair value of stock options granted per share	$	13.20	$	26.92	$	32.59
Intrinsic value of stock options exercised	1,998		10,250		40,761
Grant date fair value of stock options that vested during the period	1,616		2,641		3,156

Summary of the activity of the entity's stock options

The following table summarizes the activity related to our stock options:



	Number of options		Weighted average exercise price		Weighted average contractual term (in years)	Aggregate intrinsic value (in thousands)

Outstanding at December 31, 2014	2,601,892		$	21.21	4.44	$	47,805
Granted	853,510		24.21
Exercised	(130,682	)	10.64
Forfeited	(161,595	)	66.72

Outstanding at December 31, 2015	3,163,125		20.13		4.94	35,842

Exercisable at December 31, 2015	2,214,051		14.43		3.12	32,395

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes information about stock options outstanding and exercisable at December 31, 2015:



	Options outstanding				Options exercisable
Exercise price range	Number	Weighted average remaining contractual life (in years)	Weighted average exercise price		Number	Weighted average remaining contractual life (in years)	Weighted average exercise price

Up to $10.00^(a)	1,575,003	2.54	$	9.14	1,575,003	2.54	$	9.14
$10.01 — $20.00^(a)	427,781	8.44	18.23		64,729	3.66	15.08
$20.01 — $30.00^(a)	881,711	6.73	25.68		470,311	4.32	23.21
$30.01 — $40.00^(a)	63,880	7.02	32.26		39,880	5.43	33.05
$40.01 — $50.00^(a)	5,000	8.94	49.06		313	8.94	49.06
$60.01 — $70.00^(a)	71,000	6.19	60.73		46,469	6.19	60.74
$70.01 — $80.00^(a)	25,000	8.87	72.78		1,563	8.87	72.78
$80.01 — $90.00^(a)	40,000	8.04	85.63		9,063	7.37	84.35
$90.01 — $100.00^(a)	71,875	8.33	94.31		6,251	8.01	94.26
$100.01 — $110.00^(a)	1,875	8.37	105.11		469	8.37	105.11

	3,163,125				2,214,051

^(a)These options contain market-based components as described above.

Schedule of Share Based Compensation Shares Authorized under Stock Option Plans by Vesting Price Range [Table Text Block]

The following table summarizes the market prices necessary in order for the market performance options to begin to vest:



	Market-based options
Vesting price	Ordinary performance		Extraordinary performance

$170.01 — $180.00	12,500		—
$180.01 — $190.00	12,500		25,875
Over $190.00	22,500		30,000

Total	47,500		55,875

Weighted average share price	$	92.29	$	77.03

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

The following table summarizes the activity related to our restricted shares:



	Number of restricted shares

Outstanding at December 31, 2014	26,224
Granted	251,938
Issued	(2,836	)
Forfeited	(3,000	)

Outstanding at December 31, 2015	272,326

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]

The following table summarizes the activity related to our EARs (expressed as a percentage of each of the divisions):



	Consumer Analytics		Document Solutions		Marketplace Solutions

Outstanding at December 31, 2014	—		—		—
Granted	5.6	%	5.8	%	5.3	%
Forfeited	—		(0.2	)	—

Outstanding at December 31, 2015	5.6	%	5.6	%	5.3	%

REVENUE COST OF REVENUE (Tables)

12 Months Ended

Dec. 31, 2015

Revenues [Abstract]

Schedule of revenue [Table Text Block]

The components of revenue were as follows for the years ended December 31:



(in thousands)	2015		2014		2013

Service revenue	$	940,920	$	938,679	$	662,059
Reimbursable expenses	107,344		137,634		102,478
Non-controlling interests	3,202		2,603		3,820

Total	$	1,051,466	$	1,078,916	$	768,357

COST OF REVENUE (Tables)

12 Months Ended

Dec. 31, 2015

Cost of Revenue [Abstract]

Schedule of components of cost of revenue

The components of cost of revenue were as follows for the years ended December 31:



(in thousands)	2015		2014		2013

Compensation and benefits	$	261,839	$	255,889	$	156,812
Outside fees and services	248,278		243,325		193,233
Reimbursable expenses	107,344		137,634		102,478
Technology and telecommunications	43,177		48,834		25,534
Depreciation and amortization	26,689		21,498		14,423

Total	$	687,327	$	707,180	$	492,480

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)

12 Months Ended

Dec. 31, 2015

Selling, General and Administrative Expense [Abstract]

Schedule of the components of selling, general and administrative expenses

The components of selling, general and administrative expenses were as follows for the years ended December 31:



(in thousands)	2015		2014		2013

Compensation and benefits	$	54,897	$	45,098	$	27,864
Professional services	23,183		18,598		8,022
Occupancy related costs	39,917		38,262		28,424
Amortization of intangible assets	41,135		37,680		28,176
Depreciation and amortization	9,781		7,548		4,633
Marketing costs	27,499		24,130		5,028
Other	24,456		30,417		11,663

Total	$	220,868	$	201,733	$	113,810

LOSS ON SALE OF HLSS EQUITY SECURITIES, NET OF DIVIDENDS RECEIVED (Tables)	12 Months Ended
	Dec. 31, 2015
LOSS ON SALE OF HLSS EQUITY SECURITIES, NET OF DIVIDENDS RECEIVED [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	LOSS ON SALE OF HLSS EQUITY SECURITIES, NET OF DIVIDENDS RECEIVED During March 2015, we purchased 1.6 million shares of HLSS common stock in the open market for $30.0 million. This investment was classified as available for sale. On April 6, 2015, HLSS completed the sale of substantially all of its assets to New Residential Investment Corp. (“NRZ”) and adopted a plan of complete liquidation and dissolution. During April 2015, we received liquidating dividends and other dividends from HLSS totaling $20.4 million and we sold all of our 1.6 million shares of HLSS common stock in the open market for $7.7 million. As a result of these transactions, we recognized a net loss of $1.9 million for the year ended December 31, 2015 (no comparative amounts for 2014 and 2013) in connection with our investment in HLSS.

OTHER INCOME (EXPENSE), NET (Tables)

12 Months Ended

Dec. 31, 2015

Other Income and Expenses [Abstract]

Schedule of other income (expense), net

Other income (expense), net consists of the following for the years ended December 31:



(in thousands)	2015		2014		2013

Gain on early extinguishment of debt	$	3,836	$	—	$	—
Loss in equity affiliate, including impairment loss	—		—		(176		)
Interest income	133		103		899
Other, net	76		71		(166		)

Total	$	4,045	$	174	$	557

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of income before income taxes and non-controlling interests consist of the following for the years ended December 31:



(in thousands)	2015		2014		2013

Domestic - Luxembourg	$	27,884	$	124,181	$	122,722
Foreign - U.S.	5,944		9,575		11,125
Foreign - Non-U.S.	19,232		13,509		8,486

Total	$	53,060	$	147,265	$	142,333

Schedule of income tax provision

The income tax provision consists of the following for the years ended December 31:



(in thousands)	2015			2014			2013

Current:
Domestic - Luxembourg	$	1,787		$	4,415		$	2,516
Foreign - U.S. Federal	539			75			6
Foreign - U.S. State	855			476			403
Foreign - Non-U.S.	6,405			4,046			3,600

	$	9,586		$	9,012		$	6,525
Deferred:
Foreign - U.S. Federal	$	(108	)	$	1,756		$	2,506
Foreign - U.S. State	(526		)	(281		)	84
Foreign - Non-U.S.	(692		)	(309		)	(575		)

	$	(1,326	)	$	1,166		$	2,015

Total	$	8,260		$	10,178		$	8,540

Summary of tax effects of the temporary differences

A summary of the tax effects of the temporary differences is as follows for the years ended December 31:



(in thousands)	2015			2014

Current deferred tax assets:
Allowance for doubtful accounts and other reserves	$	—		$	72
Accrued expenses	—			5,165
Current deferred tax liabilities:
Prepaid expenses	—			(250		)

Current deferred tax assets, net	$	—		$	4,987

Non-current deferred tax assets:
Net operating loss carryforwards	$	5,417		$	13,940
U.S. federal and state tax credits	2,577			1,202
Non-U.S. deferred tax assets	2,472			1,780
Share-based compensation	1,750			856
Accrued expenses	7,730			—
Non-current deferred tax liabilities:
Intangible assets	(4,508		)	(5,302		)
Depreciation	(7,446		)	(11,878		)
Other	(815		)	(177		)
	7,177			421

Valuation allowance	(3,558		)	(3,115		)

Non-current deferred tax assets, net	$	3,619		$	—

Non-current deferred tax liabilities, net	$	—		$	(2,694	)

Net deferred tax assets	$	3,619		$	2,293

Schedule of the reconciliation of income tax provision to the Luxembourg statutory income tax rate

The following table reconciles the Luxembourg statutory tax rate to our effective tax rate for the years ended December 31:



	2015		2014		2013

Statutory tax rate	29.22	%	29.22	%	29.22	%
Permanent difference related to Luxembourg intangible assets	(13.56	)	(22.60	)	(23.59	)
Change in valuation allowance	0.83		(0.05	)	0.76
State tax expense	0.29		0.03		0.24
Tax credits	(2.34	)	(0.71	)	—
Uncertain taxes	1.39		0.88		—
Other	(0.26	)	0.14		(0.63	)

Effective tax rate	15.57	%	6.91	%	6.00	%

Summary of Income Tax Contingencies

The following table reconciles the amount of unrecognized tax benefits for the years ended December 31:



(in thousands)	2015		2014

Amount of unrecognized tax benefits as of the beginning of the year	$	1,153	$	—
Increases as a result of tax positions taken in a prior period	638		1,153
Increases as a result of tax positions taken in the current period	214		—

Amount of unrecognized tax benefits as of the end of the year	$	2,005	$	1,153

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Schedule of basic and diluted EPS calculation

Basic and diluted EPS are calculated as follows for the years ended December 31:



(in thousands, except per share data)	2015		2014		2013

Net income attributable to Altisource	$	41,598	$	134,484	$	129,973

Weighted average common shares outstanding, basic	19,504		21,625		23,072
Dilutive effect of stock options and restricted shares	1,115		2,009		1,981

Weighted average common shares outstanding, diluted	20,619		23,634		25,053

Earnings per share:
Basic	$	2.13	$	6.22	$	5.63

Diluted	$	2.02	$	5.69	$	5.19

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum lease payments under non-cancelable capital and operating leases with an original term exceeding one year

Future minimum lease payments at December 31, 2015 under non-cancelable operating leases with an original term exceeding one year are as follows:



(in thousands)	Operating lease obligations

2016	$	17,308
2017	15,085
2018	10,983
2019	7,451
2020	3,654
Thereafter	4,860

	$	59,341

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule of financial information of segments

Financial information for our segments is as follows:



	For the year ended December 31, 2015
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	786,648	$	88,448	$	215,482		$	(39,112	)	$	1,051,466
Cost of revenue	474,169		60,806		187,835			(35,483		)	687,327
Gross profit (loss)	312,479		27,642		27,647			(3,629		)	364,139
Selling, general and administrative expenses	105,153		18,707		29,902			67,106			220,868
Impairment losses	—		—		71,785			—			71,785
Change in the fair value of Equator earn out liability	—		—		(7,591		)	—			(7,591		)
Income (loss) from operations	207,326		8,935		(66,449		)	(70,735		)	79,077
Other income (expense), net	506		58		61			(26,642		)	(26,017		)

Income (loss) before income taxes and non-controlling interests	$	207,832	$	8,993	$	(66,388	)	$	(97,377	)	$	53,060



	For the year ended December 31, 2014
(in thousands)	Mortgage Services		Financial Services		Technology Services			Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	793,143	$	98,499	$	227,300		$	(40,026	)	$	1,078,916
Cost of revenue	486,387		64,338		192,426			(35,971		)	707,180
Gross profit (loss)	306,756		34,161		34,874			(4,055		)	371,736
Selling, general and administrative expenses	94,686		18,791		32,393			55,863			201,733
Impairment losses	—		—		37,473			—			37,473
Change in the fair value of Equator earn out liability	—		—		(37,924		)	—			(37,924		)
Income (loss) from operations	212,070		15,370		2,932			(59,918		)	170,454
Other income (expense), net	204		62		(31		)	(23,424		)	(23,189		)

Income (loss) before income taxes and non-controlling interests	$	212,274	$	15,432	$	2,901		$	(83,342	)	$	147,265



	For the year ended December 31, 2013
(in thousands)	Mortgage Services			Financial Services			Technology Services		Corporate Items and Eliminations			Consolidated Altisource

Revenue	$	599,319		$	92,958		$	100,724	$	(24,644	)	$	768,357
Cost of revenue	376,639			55,328			82,612		(22,099		)	492,480
Gross profit (loss)	222,680			37,630			18,112		(2,545		)	275,877
Selling, general and administrative expenses	46,522			15,571			12,435		39,282			113,810
Income (loss) from operations	176,158			22,059			5,677		(41,827		)	162,067
Other income (expense), net	(136		)	(10		)	7		(19,595		)	(19,734		)

Income (loss) before income taxes and non-controlling interests	$	176,022		$	22,049		$	5,684	$	(61,422	)	$	142,333



(in thousands)	Mortgage Services		Financial Services		Technology Services		Corporate Items and Eliminations		Consolidated Altisource

Total assets:
December 31, 2015	$	325,461	$	53,757	$	165,778	$	182,986	$	727,982
December 31, 2014	313,550		56,096		250,059		168,516		788,221

Schedule of premises and equipment, net by country

Our services are provided to customers primarily located in the United States. Premises and equipment, net consist of the following, by country:



(in thousands)	December 31, 2015		December 31, 2014

United States	$	85,021	$	88,274
India	21,187		27,082
Luxembourg	9,944		9,059
Philippines	2,664		3,344
Uruguay	305		—

Total	$	119,121	$	127,759

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of unaudited quarterly results



	2015 quarter ended ^(1)(2)(3)(4)
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	240,482	$	268,321	$	272,776	$	269,887
Gross profit	67,656		100,162		98,926		97,395
Income (loss) before income taxes and non-controlling interests	4,808		51,244		41,200		(44,192		)
Net income (loss)	4,408		46,846		37,897		(44,351		)
Net income (loss) attributable to Altisource	3,698		45,950		37,046		(45,096		)

Earnings (loss) per share:
Basic	$	0.18	$	2.35	$	1.94	$	(2.35	)
Diluted	$	0.18	$	2.22	$	1.82	$	(2.35	)

Weighted average shares outstanding:
Basic	20,172		19,571		19,091		19,196
Diluted	20,995		20,669		20,411		19,196



	2014 quarter ended ⁽¹⁾⁽⁵⁾
(in thousands, except per share data)	March 31,		June 30,		September 30,		December 31,

Revenue	$	239,269	$	296,072	$	287,688	$	255,887
Gross profit	91,464		112,073		98,964		69,235
Income (loss) before income taxes and non-controlling interests	43,201		58,225		45,867		(28		)
Net income (loss)	40,146		54,732		43,115		(906		)
Net income (loss) attributable to Altisource	39,631		54,101		42,287		(1,535		)

Earnings (loss) per share:
Basic	$	1.76	$	2.45	$	1.96	$	(0.08	)
Diluted	$	1.61	$	2.24	$	1.79	$	(0.08	)

Weighted average shares outstanding:
Basic	22,509		22,089		21,626		20,306
Diluted	24,662		24,166		23,640		20,306

^{___________________________________________________}

⁽²⁾We acquired CastleLine on July 17, 2015 and the Acquired RentRange and Investability Businesses on October 9, 2015 (see Note 5).

⁽⁵⁾We acquired Mortgage Builder on September 12, 2014 and Owners on November 21, 2014 (see Note 5).

ORGANIZATION (Details)	12 Months Ended
ORGANIZATION (Details)	Dec. 31, 2015 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reporting segments	3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary of significant accounting policies
Assets, Noncurrent	$ 421,900,000
Other Assets, Noncurrent	19,337,000	$ 22,267,000
Long-term Debt	534,362,000	588,614,000
Debt issuance costs, net	6,184,000	8,099,000
Goodwill
Goodwill impairment	55,740,000	37,473,000
Intangible Assets, Net
Impairment of intangible assets	11,900,000		$ 0
Defined Contribution 401(k) Plan
Expense recorded for discretionary amounts contributed	1,000,000	900,000	400,000
Revenue Recognition
Reimbursable expenses	107,344,000	137,634,000	102,478,000
Technology Services
Goodwill
Goodwill impairment	55,740,000	37,473,000	0
Mortgage Services
Goodwill
Goodwill impairment	0	0
Revenue Recognition
Reimbursable expenses	$ 107,200,000	137,400,000	$ 102,000,000
Minimum
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	4 years
Maximum
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	20 years
Furniture and fixtures
Premises and Equipment, Net
Estimated useful lives	5 years
Office equipment
Premises and Equipment, Net
Estimated useful lives	5 years
Computer hardware
Premises and Equipment, Net
Estimated useful lives	5 years
Computer software \| Minimum
Premises and Equipment, Net
Estimated useful lives	3 years
Computer software \| Maximum
Premises and Equipment, Net
Estimated useful lives	7 years
Leasehold improvements \| Maximum
Premises and Equipment, Net
Estimated useful lives	10 years
Lenders One \| Mortgage Partnership of America LLC [Member]
Principles of Consolidation
Total assets	$ 4,900,000	7,700,000
Total liabilities	3,700,000	6,700,000
Lenders One \| Best Partners Mortgage Brokers Cooperative, Inc. [Member]
Principles of Consolidation
Total assets	40,000	0
Total liabilities	41,000	0
Lenders One \| Best Partners Residential Investor Cooperative, Inc. [Member]
Principles of Consolidation
Total assets	2,000	0
Total liabilities	$ 3,000	$ 0

CUSTOMER CONENTRATION (Details) - USD ($) $ in Thousands	12 Months Ended
CUSTOMER CONENTRATION (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk(2014 Values with Related Party Entity)
Revenue		$ 666,800	$ 502,087
Other Portfolio Servicing Revenue	$ 216,900	256,000	161,900
Ocwen
Concentration Risk(2014 Values with Related Party Entity)
Revenue		$ 650,700	$ 499,300
Concentration Risk, Revenue	631,600
Accounts Receivable, Related Parties, Current	38,200
Ocwen \| Billed Revenues
Concentration Risk(2014 Values with Related Party Entity)
Accounts Receivable, Related Parties, Current	20,400
Ocwen \| Unbilled Revenues
Concentration Risk(2014 Values with Related Party Entity)
Accounts Receivable, Related Parties, Current	$ 17,800
Revenue from Rights Concentration Risk [Member] \| Sales Revenue, Segment [Member] \| Ocwen
Concentration Risk(2014 Values with Related Party Entity)
Concentration Risk, Percentage	60.00%	60.00%	65.00%
Revenue from Rights Concentration Risk [Member] \| Sales Revenue, Segment [Member] \| Mortgage Services \| Ocwen
Concentration Risk(2014 Values with Related Party Entity)
Concentration Risk, Percentage	63.00%	67.00%	70.00%
Revenue from Rights Concentration Risk [Member] \| Sales Revenue, Segment [Member] \| Financial Services \| Ocwen
Concentration Risk(2014 Values with Related Party Entity)
Concentration Risk, Percentage	21.00%	27.00%	30.00%
Revenue from Rights Concentration Risk [Member] \| Sales Revenue, Segment [Member] \| Technology Services \| Ocwen
Concentration Risk(2014 Values with Related Party Entity)
Concentration Risk, Percentage	54.00%	42.00%	50.00%

TRANSACTIONS WITH RELATED PARTIES (Details) - USD ($)			1 Months Ended	12 Months Ended
TRANSACTIONS WITH RELATED PARTIES (Details) - USD ($)	Mar. 31, 2013	Dec. 27, 2012	Jan. 16, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
TRANSACTIONS WITH RELATED PARTIES
Revenue from related party				$ 666,800,000	$ 502,087,000
Cost of revenue				38,610,000	19,983,000
Accounts payable and accrued expenses				111,766,000		$ 91,871,000
Ocwen
TRANSACTIONS WITH RELATED PARTIES
Revenue from related party			$ 22,900,000
Receivable from related party				37,400,000
Accounts payable and accrued expenses				11,600,000
Ocwen \| Correspondent One
TRANSACTIONS WITH RELATED PARTIES
Percentage of equity interest sold to the related party	49.00%
Proceeds from sale of equity interest	$ 12,600,000
Ocwen \| Senior unsecured term loan
TRANSACTIONS WITH RELATED PARTIES
Amount of loan provided to related party		$ 75,000,000
Interest income				0	800,000
Ocwen \| Senior unsecured term loan \| Eurodollar Rate
TRANSACTIONS WITH RELATED PARTIES
Reference rate		Eurodollar Rate
Interest rate margin (as a percent)		6.75%
Interest rate, variable interest rate floor (as a percent)		1.50%
Ocwen \| Data Access and Services Agreement
TRANSACTIONS WITH RELATED PARTIES
Cost of revenue			1,900,000	38,600,000	20,000,000
Ocwen \| Support Services Agreement
TRANSACTIONS WITH RELATED PARTIES
Selling, general and administrative expenses billed to related party			(100,000)	(4,500,000)	(2,800,000)
Selling, general and administrative expenses billed by related party			300,000	6,100,000	4,600,000
Ocwen \| Unbilled Revenues
TRANSACTIONS WITH RELATED PARTIES
Receivable from related party				14,600,000
Ocwen \| Billed Revenues
TRANSACTIONS WITH RELATED PARTIES
Receivable from related party				22,800,000
Correspondent One \| Support Services Agreement
TRANSACTIONS WITH RELATED PARTIES
Revenue from related party				0	79,000
Selling, general and administrative expenses billed to related party				0	69,000
HLSS \| Support Services Agreement
TRANSACTIONS WITH RELATED PARTIES
Selling, general and administrative expenses billed to related party				(900,000)	(700,000)
HLSS \| Billed Revenues
TRANSACTIONS WITH RELATED PARTIES
Receivable from related party				100,000
Residential \| Management, Support and Other Services Agreements
TRANSACTIONS WITH RELATED PARTIES
Revenue from related party			$ 1,000,000	16,000,000	2,600,000
Residential \| Billed Revenues
TRANSACTIONS WITH RELATED PARTIES
Receivable from related party				11,300,000
AAMC \| Support Services Agreement
TRANSACTIONS WITH RELATED PARTIES
Selling, general and administrative expenses billed to related party				(900,000)	(500,000)
Related Party Transaction Provided to Related Party Amounts Billed - Total				1,000,000	500,000
AAMC \| Support and Other Services Agreements
TRANSACTIONS WITH RELATED PARTIES
Revenue from related party				100,000	$ 100,000
AAMC \| Billed Revenues
TRANSACTIONS WITH RELATED PARTIES
Receivable from related party				$ 100,000

ACQUISITIONS - RentRange, Investability and Onit Solutions (Details) - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
	Oct. 09, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Acquisitions
Value of common stock paid at acquisition		$ 21,733	$ 0	$ 0
Goodwill		$ 82,801	$ 90,851	$ 99,414
RentRange, Investability and Onit Solutions [Member]
Acquisitions
Amount paid	$ 24,800
Cash paid at acquisition	$ 17,500
Number of shares exchanged for acquisition	247
Value of common stock paid at acquisition	$ 7,300
Business Combination, Contingent Consideration Arrangements, Payment Period	4 years
Cash	$ 3
Accounts receivable, net	245
Premises and equipment, net	1,206
Prepaid expenses and Other assets	199
Software	1,265
Trademark and Trade Names	1,205
Database/Others	910
Non-Compete Agreements	330
Customer relationship	255
Goodwill	19,565
Assets acquired	25,183
Accounts payable and accrued expenses	(391)
Purchase price	$ 24,792

ACQUISITIONS - CastleLine (Details) - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
	Jul. 17, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Acquisitions
Value of common stock paid at acquisition		$ 21,733	$ 0	$ 0
Goodwill		$ 82,801	$ 90,851	$ 99,414
CastleLine
Acquisitions
Cash paid at acquisition	$ 12,300
Accounts Payable	$ 10,500
Business Combination, Contingent Consideration Arrangements, Payment Period	4 years
Number of shares exchanged for acquisition	495
Value of common stock paid at acquisition	$ 14,400
Additional consideration	3,800
Cash	1,088
Accounts receivable, net	510
Prepaid expenses and Other assets	66
Restricted Cash	2,501
Non-Compete Agreements	1,105
Database/Others	465
Customer relationship	395
Trademark and Trade Names	150
Goodwill	28,125
Assets acquired	34,405
Accounts payable and accrued expenses	(875)
Deferred Revenue	(87)
Purchase price	$ 33,443

ACQUISITIONS - Owners.com (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 21, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Goodwill		$ 82,801	$ 90,851	$ 99,414
Owners.com
Acquisitions
Amount paid	$ 19,800
Additional consideration	7,000
Present value of future earn outs payments	1,900
Payment made to the seller - adjustment		$ 100
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Accounts receivable, net	32
Prepaid expenses and Other assets	28
Software	501
Trademark and Trade Names	1,431
Goodwill	19,775
Assets acquired	21,767
Accounts payable and accrued expenses	(22)
Purchase price	$ 21,745

ACQUISITIONS - Mortgage Builder (Details) - USD ($) $ in Thousands			12 Months Ended
	Jul. 17, 2015	Sep. 12, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Goodwill			$ 82,801	$ 90,851	$ 99,414
Mortgage Builder
Acquisitions
Amount paid		$ 15,700
Additional consideration		7,000
Business Combination, Contingent Consideration Arrangements, Payment Period	3 years
Present value of future earn outs payments			1,600
Payment received from the seller - Adjustment			$ 200
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Cash		668
Accounts receivable, net		1,102
Prepaid expenses and Other assets		38
Premises and equipment, net		553
Software		1,509
Trademark and Trade Names		209
Customer relationship		4,824
Goodwill		9,135
Assets acquired		18,038
Accounts payable and accrued expenses		950
Purchase price		$ 17,088

ACQUISITIONS - Equator Acquisition (Details)		12 Months Ended
ACQUISITIONS - Equator Acquisition (Details)	Nov. 15, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Estimated life
Change in the fair value of acquisition related contingent consideration		$ (7,184,000)	$ (37,924,000)	$ 0
Goodwill impairment		55,740,000	37,473,000
Goodwill		82,801,000	90,851,000	99,414,000
Business Combination, Contingent Consideration Arrangement - Equator		$ (7,591,000)	(37,924,000)	$ 0
Minimum
Estimated life
Customer relationship		4 years
Maximum
Estimated life
Customer relationship		20 years
Equator LLC
Acquisitions
Amount paid	$ 63,400,000
Business Combination, Contingent Consideration, Asset, Current	$ 3,700,000
Payment made to extinguish Equator contingent consideration		$ 500,000
Number of consecutive 12-month periods for meeting targeted levels of adjusted EBITA	3
Number of months for each consecutive period for meeting targeted levels of adjusted EBITA	12 months
Present value of future earn outs payments	$ 46,000,000
Estimated life
Goodwill impairment			37,500,000
Value of Equator contingent consideration after payment to sellers		$ 0
Accounts receivable, net	9,293,000		12,783,000
Adjustment Accounts Receivable			3,490,000
Prepaid expenses and Other assets	954,000		561,000
Business Combination, Adjustment Prepaid expenses and other current assets			(393,000)
Premises and equipment, net	16,974,000		16,974,000
Business Combination, Adjustment Premises and equipment			0
Intangible Assets, Other than Goodwill	43,393,000		43,393,000
Business Combination, Adjustment Other than Goodwill			0
Goodwill	82,460,000		82,460,000
Business Combination, Adjustment Goodwill			0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	242,000		320,000
Business Combination, Adjustment Other non-current assets			78,000
Assets acquired	153,316,000		156,491,000
Business Combination, Adjustments, Total Assets acquired			3,175,000
Accounts payable and accrued expenses	(7,232,000)		(6,696,000)
Adjustment Accounts payable and accrued expenses			536,000
Deferred Revenue	(36,689,000)		(36,689,000)
Business Combination, Adjustment Deferred revenue			0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(43,921,000)		(43,385,000)
Total Liabilities Assumed			(536,000)
Purchase price	109,395,000		113,106,000
Business Combination, Adjustment, Assets Goodwill and Liabilities Net			$ 3,711,000
Equator LLC \| Maximum
Acquisitions
Additional consideration	80,000,000
Earn Out consideration that can be earned in each of the first two 12-month periods	22,500,000
Earn Out consideration that can be earned in the third 12-month period	$ 35,000,000
Additional consideration that can be paid in restricted stock shares (as a percent)	20.00%
Customer Relationships \| Equator LLC
Estimated life
Customer relationship	15 years
Trade Names \| Equator LLC
Estimated life
Estimated useful lives	4 years
Software Development \| Equator LLC
Estimated life
Estimated useful lives	7 years
Premises and Equipment Excluding Internally Developed Software \| Equator LLC \| Minimum
Estimated life
Estimated useful lives	3 years
Premises and Equipment Excluding Internally Developed Software \| Equator LLC \| Maximum
Estimated life
Estimated useful lives	5 years

ACQUISITIONS ResCap Fee-Based Businesses (Details) - Ocwen [Member] - Residential Capital LLC Mortgage Servicing Platform Assets [Member] $ in Thousands	Apr. 12, 2013 USD ($)
Acquisitions
Amount paid	$ 128,800
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed Tangible Assets	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	0
Intangible Assets, Other than Goodwill	$ 128,800
Customer relationship	7 years

ACQUISITIONS Homeward Fee-Based Businesses (Details) - USD ($) $ in Thousands		12 Months Ended
	Mar. 29, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Acquisitions
Goodwill		$ 82,801	$ 90,851	$ 99,414
Ocwen [Member] \| Homeward Servicing Portfolio
Acquisitions
Amount paid	$ 75,800
Business Acquisition Working Capital and Net Income Adjustment	11,100
Business Acquisition, Property, Plant and Equipment Allocation Adjustment	1,200
Business Combination Provisional Information Initial Accounting Incomplete Adjustment Accounts Payable and Accrued Expenses	2,000
Premises and equipment, net	1,559
Customer relationship	75,609
Goodwill	2,039
Assets acquired	79,207
Accounts payable and accrued expenses	3,390
Purchase price	$ 75,817
Minimum
Acquisitions
Customer relationship		4 years
Maximum
Acquisitions
Customer relationship		20 years
Ocwen [Member] \| Minimum \| Homeward Servicing Portfolio
Acquisitions
Property, Plant and Equipment, Useful Life	3 years
Ocwen [Member] \| Maximum \| Homeward Servicing Portfolio
Acquisitions
Property, Plant and Equipment, Useful Life	5 years
Ocwen [Member] \| Customer Relationships \| Homeward Servicing Portfolio
Acquisitions
Customer relationship	7 years

ACQUISITIONS Acquisitions - Pro Forma Results (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($) $ / shares
Business Acquisition, Pro Forma Information [Abstract]
Revenue as Reported	$ 768,357
Revenue, Pro Forma	854,098
Net Income attributable to Altisource, As reported	129,973
Net Income attributable to Altisource, Pro forma	$ 132,907
Earnings Per Share - Diluted (in dollars per share), As Reported \| $ / shares	$ 5.19
Earnings Per Share - Diluted (in dollars per share), Pro forma \| $ / shares	$ 5.31

FAIR VALUE (Details) - USD ($)	12 Months Ended
FAIR VALUE (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Acquisitions
Impairment of Long-Lived Assets Held-for-use	$ 4,100,000	$ 0	$ 0
Business Combination, Contingent Consideration Arrangement - Equator	(7,591,000)	(37,924,000)	0
Goodwill impairment	55,740,000	37,473,000
Impairment of intangible assets	11,900,000		0
Cash and cash equivalents	179,327,000	161,361,000	$ 130,324,000	$ 105,502,000
Restricted cash	4,801,000	3,022,000
Equator LLC
Acquisitions
Payment made to extinguish Equator contingent consideration	500,000
Value of Equator contingent consideration after payment to sellers	0
Goodwill impairment		37,500,000
Fair value measurements
Acquisitions
Fair values of the liabilities for acquisition-related contingent consideration	3,900,000	11,600,000
Long-term Debt, Gross	536,598,000	591,543,000
Fair Value, Inputs, Level 1 [Member] \| Fair value measurements
Acquisitions
Cash and cash equivalents	179,327,000	161,361,000
Restricted cash	4,801,000	3,022,000
Long-term debt	0	0
Fair Value, Inputs, Level 2 [Member] \| Fair value measurements
Acquisitions
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term debt	469,523,000	467,319,000
Fair Value, Inputs, Level 3 [Member] \| Fair value measurements
Acquisitions
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term debt	$ 0	$ 0

ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	12 Months Ended
ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts receivable, net
Accounts receivable, gross	$ 123,479	$ 134,858
Less: allowance for doubtful accounts	(18,456)	(22,675)
Total	105,023	112,183
Bad debt expense	5,514	16,257	$ 2,549
Billed Revenues
Accounts receivable, net
Accounts receivable, gross	67,021	73,532
Unbilled Revenues
Accounts receivable, net
Accounts receivable, gross	$ 56,458	$ 61,326

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Maintenance agreements, current portion	$ 7,000	$ 6,367
Income taxes receivable	633	5,258
Prepaid expenses	7,873	6,989
Other current assets	6,245	4,953
Total	$ 21,751	$ 23,567

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 248,676	$ 223,131
Less: accumulated depreciation and amortization	(129,555)	(95,372)
Total	119,121	127,759
Depreciation and amortization expense, inclusive of capital leases	36,470	29,046	$ 19,056
Impairment of Long-Lived Assets Held-for-use	4,100	0	$ 0
Computer hardware and software
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	177,010	140,799
Office equipment and other
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	21,720	36,032
Furniture and fixtures
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	14,443	12,231
Leasehold improvements
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 35,503	$ 34,069

GOODWILL AND INTANGIBLE ASSETS, NET - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Changes in goodwill
Balance at the beginning of the period	$ 90,851	$ 99,414
Acquisition of Mortgage Builder		9,135
Goodwill impairment	(55,740)	(37,473)
Acquisition of Owners		19,775
Acquisition of CastleLine	28,125
Acquisition of Acquired RentRange and Investability Businesses	19,565
Balance at the end of the period	82,801	90,851	$ 99,414
Mortgage Services
Changes in goodwill
Balance at the beginning of the period	32,733	12,958
Acquisition of Mortgage Builder		0
Goodwill impairment	0	0
Acquisition of Owners		19,775
Acquisition of CastleLine	28,125
Acquisition of Acquired RentRange and Investability Businesses	19,565
Balance at the end of the period	80,423	32,733	12,958
Financial Services
Changes in goodwill
Balance at the beginning of the period	2,378	2,378
Acquisition of Mortgage Builder		0
Goodwill impairment	0	0
Acquisition of Owners		0
Acquisition of CastleLine	0
Acquisition of Acquired RentRange and Investability Businesses	0
Balance at the end of the period	2,378	2,378	2,378
Technology Services
Changes in goodwill
Balance at the beginning of the period	55,740	84,078
Acquisition of Mortgage Builder		9,135
Goodwill impairment	(55,740)	(37,473)	0
Acquisition of Owners		0
Acquisition of CastleLine	0
Acquisition of Acquired RentRange and Investability Businesses	0
Balance at the end of the period	$ 0	$ 55,740	$ 84,078

GOODWILL AND INTANGIBLE ASSETS, NET - Intangible Assets, Net (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Intangible Assets, Net
Impairment of intangible assets	$ 11,900,000		$ 0
Gross carrying amount	327,782,000	$ 338,497,000
Accumulated amortization	(130,779,000)	(93,251,000)
Net book value	197,003,000	245,246,000
Amortization expense for definite lived intangible assets	41,135,000	37,680,000	$ 28,176,000
2015	32,300,000
2016	26,700,000
2017	23,600,000
2018	21,400,000
2019	19,500,000
Trademarks and trade names
Intangible Assets, Net
Gross carrying amount	15,244,000	13,889,000
Accumulated amortization	(6,491,000)	(5,016,000)
Net book value	$ 8,753,000	8,873,000
Trademarks and trade names \| Weighted average
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	13 years
Customer-related intangible assets
Intangible Assets, Net
Gross carrying amount	$ 274,428,000	289,308,000
Accumulated amortization	(113,725,000)	(79,606,000)
Net book value	$ 160,703,000	209,702,000
Customer-related intangible assets \| Weighted average
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	10 years
Operating agreement
Intangible Assets, Net
Gross carrying amount	$ 35,000,000	35,000,000
Accumulated amortization	(10,354,000)	(8,604,000)
Net book value	$ 24,646,000	26,396,000
Operating agreement \| Weighted average
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	20 years
Noncompete Agreements [Member]
Intangible Assets, Net
Gross carrying amount	$ 1,435,000	0
Accumulated amortization	(115,000)	0
Net book value	$ 1,320,000	0
Noncompete Agreements [Member] \| Weighted average
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	4 years
Intellectual property
Intangible Assets, Net
Gross carrying amount	$ 300,000	300,000
Accumulated amortization	(55,000)	(25,000)
Net book value	$ 245,000	275,000
Intellectual property \| Weighted average
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	10 years
Other Intangible Assets [Member] \| Weighted average
Intangible Assets, Net
Finite-Lived Intangible Asset, Useful Life	5 years
Gross carrying amount	$ 1,375,000	0
Accumulated amortization	(39,000)	0
Net book value	$ 1,336,000	$ 0

INVESTMENT IN EQUITY AFFILIATE (Details) - Correspondent One - USD ($) $ in Millions		12 Months Ended
	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2013	Mar. 29, 2013
Investment in equity affiliates
Ownership percentage				49.00%
Net gain (loss) on investment using the equity method		$ 0.0	$ 0.2
Ocwen
Investment in equity affiliates
Percentage of equity interest sold to the related party	49.00%
Proceeds from sale of equity interest	$ 12.6

OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security deposits, net	$ 5,341	$ 7,277
Debt issuance costs, net	6,184	8,099
Maintenance agreements, non-current portion	1,570	3,324
Restricted cash	4,801	3,022
Other	1,441	545
Total	$ 19,337	$ 22,267

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable	$ 11,644	$ 28,280
Accrued expenses - general	30,347	31,693
Accrued salaries and benefits	46,564	44,150
Income taxes payable	3,316	7,643
Total	$ 91,871	$ 111,766

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other current liabilities
Unfunded cash account balances	$ 6,395	$ 4,788
Other	9,871	8,439
Total	$ 16,266	$ 13,227

LONG-TERM DEBT (Details)			12 Months Ended
LONG-TERM DEBT (Details)	Aug. 01, 2014 USD ($)	Dec. 08, 2013	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Nov. 27, 2012 USD ($)
Debt
Less: unamortized discount, net			$ (2,236,000)	$ (2,929,000)
Net long-term debt			534,362,000	588,614,000
Less: current portion			(5,945,000)	(5,945,000)
Long-term debt, less current portion			528,417,000	582,669,000
Proceeds from issuance of long-term debt			0	198,000,000	$ 200,502,000
Extinguishment of Debt, Amount			$ 49,000,000
Weighted Average discount of par received on early extinguishment of debt			10.30%
Gains (Losses) on Extinguishment of Debt			$ 3,836,000	0	0
Debt issuance costs, net			6,184,000	8,099,000
Interest on long-term debt			28,208,000	23,363,000	20,291,000
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months			5,945,000
Long-term Debt, Maturities, Repayments of Principal in Year Two			5,945,000
Long-term Debt, Maturities, Repayments of Principal in Year Three			5,945,000
Long-term Debt, Maturities, Repayments of Principal in Year Four			5,945,000
Long-term Debt, Maturities, Repayments of Principal in Year Five			512,818,000
Debt Instrument Carrying Amount, Noncurrent			536,598,000
Senior secured term loan
Debt
Amount borrowed						$ 200,000,000
Debt Instrument, Maturity Period from Prior Term Loans Maturity Date		1 year
Aggregate amount of each consecutive quarterly scheduled principal installment	$ 1,500,000
Term of senior secured loan agreement	7 years
Mandatory prepayments owed			$ 0
Interest rate at the end of the period (as a percent)			4.50%
Debt issuance costs, net			$ 6,200,000	8,100,000
Accumulated amortization			4,100,000	2,200,000
Interest on long-term debt			$ 28,200,000	23,400,000	$ 20,300,000
Senior secured term loan \| Maximum
Debt
Leverage ratio to be maintained under the credit facility covenants			3
Number of days within which the entity fails to pay principal when due or interest or any other amount owing on any other obligation under the credit agreement, is considered as event of default			5 days
Amount of principal or interest if failed to pay considered as event of default			$ 40,000,000
Amount of debt which results in acceleration of debt if failed to pay considered as event of default			40,000,000
Amount of unbonded, undischarged or unstayed debt under entry by court of one or more judgments for certain period to determine as event of default			$ 40,000,000
Senior secured term loan \| Minimum
Debt
Leverage ratio to be maintained under the credit facility covenants			1.00
Senior secured term loan \| Adjusted Eurodollar Rate
Debt
Reference rate			Adjusted Eurodollar Rate
Fixed interest rate base (as a percent)			1.00%
Interest rate margin (as a percent)			3.50%
Senior secured term loan \| Base Rate
Debt
Reference rate			Base Rate
Fixed interest rate base (as a percent)			2.00%
Interest rate margin (as a percent)			2.50%
Fair value measurements
Debt
Long-term Debt, Gross			$ 536,598,000	$ 591,543,000

OTHER NON-CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Gain Contingencies [Line Items]
Business Combination, Contingent Consideration Arrangement - Equator	$ (7,591)	$ (37,924)	$ 0
Acquisition related contingent consideration	3,932	11,616
Other non-current liabilities	14,221	9,032
Total	18,153	$ 20,648
Equator LLC
Gain Contingencies [Line Items]
Value of Equator contingent consideration after payment to sellers	$ 0

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION (Details) $ / shares in Units, $ in Thousands				12 Months Ended
	Oct. 09, 2015 USD ($) shares	Jul. 17, 2015 USD ($) shares	May 20, 2015 $ / shares shares	Dec. 31, 2015 USD ($) multiplier component installment right $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2013 USD ($) $ / shares shares
Common Stock [Abstract]
Common stock, shares authorized \| shares				25,413,000	25,413,000
Common stock, shares issued \| shares				25,413,000	25,413,000
Common stock, shares outstanding \| shares				19,021,000	20,279,000
Common Stock Voting Rights Per Share \| right				1
Value of common stock paid at acquisition \| $				$ 21,733	$ 0	$ 0
Equity Incentive Plan [Abstract]
Maximum number of Altisource share-based awards that can be granted under the Plan (in shares) \| shares				6,700,000
Share-based awards available for future grants under the Plan (in shares) \| shares				1,600,000
Share-Based Compensation [Abstract]
Share-based compensation expense (in dollars) \| $				$ 4,800	$ 2,200	$ 2,400
Estimated unrecognized compensation costs (in dollars) \| $				$ 11,400
Weighted average remaining requisite service period for stock options over which unrecognized compensation costs would be recognized				2 years 7 months 24 days
Outstanding (in shares) \| shares				3,163,125	2,601,892
Stock options granted, approximate (in shares) \| shares				853,510	100,000	100,000
Weighted average exercise price of stock options granted (in dollars per share) \| $ / shares				$ 24.21	$ 84.61	$ 104.84
Assumptions used to determine the fair value of options as of the grant date
Fair value (in dollars per share) \| $ / shares				13.20	26.92	32.59
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average fair value at grant date per share (in dollars per share) \| $ / shares				$ 13.20	$ 26.92	$ 32.59
Intrinsic value of options exercised (in dollars) \| $				$ 1,998	$ 10,250	$ 40,761
Grant date fair value of options vested during the period (in dollars) \| $				$ 1,616	$ 2,641	$ 3,156
Black-Scholes
Assumptions used to determine the fair value of options as of the grant date
Risk-free interest rate, minimum (as a percent)				1.50%	1.80%	1.02%
Risk-free interest rate, maximum (as a percent)				1.91%	1.91%	1.81%
Expected stock price volatility, minimum (as a percent)				55.06%	37.57%	36.35%
Expected stock price volatility, maximum (as a percent)				59.73%	45.15%	36.76%
Expected option life					6 years 3 months	6 years 3 months
Binomial
Assumptions used to determine the fair value of options as of the grant date
Risk-free interest rate, minimum (as a percent)				0.02%	0.01%	0.01%
Risk-free interest rate, maximum (as a percent)				2.34%	2.49%	2.71%
Expected stock price volatility, minimum (as a percent)				55.06%	38.38%	36.40%
Expected stock price volatility, maximum (as a percent)				59.73%	45.15%	36.80%
Minimum \| Black-Scholes
Assumptions used to determine the fair value of options as of the grant date
Expected option life				6 years
Fair value (in dollars per share) \| $ / shares				$ 10.01	$ 15.54	$ 31.33
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average fair value at grant date per share (in dollars per share) \| $ / shares				$ 10.01	$ 15.54	$ 31.33
Minimum \| Binomial
Assumptions used to determine the fair value of options as of the grant date
Expected option life				4 years 29 days	4 years 4 months 10 days	4 years 2 months 12 days
Fair value (in dollars per share) \| $ / shares				$ 9.91	$ 12.66	$ 16.12
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average fair value at grant date per share (in dollars per share) \| $ / shares				$ 9.91	12.66	16.12
Maximum \| Black-Scholes
Assumptions used to determine the fair value of options as of the grant date
Expected option life				6 years 3 months
Fair value (in dollars per share) \| $ / shares				$ 17.66	41.79	49.14
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average fair value at grant date per share (in dollars per share) \| $ / shares				$ 17.66	$ 41.79	$ 49.14
Maximum \| Binomial
Assumptions used to determine the fair value of options as of the grant date
Expected option life				4 years 11 months 1 day	5 years 9 months 29 days	6 years 6 months
Fair value (in dollars per share) \| $ / shares				$ 18.05	$ 33.62	$ 41.72
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average fair value at grant date per share (in dollars per share) \| $ / shares				$ 18.05	$ 33.62	$ 41.72
Employee and Non Employee Stock Option \| Vesting Based on Service [Member]
Share-Based Compensation [Abstract]
Vesting period				4 years
Outstanding (in shares) \| shares				1,200,000
Employee and Non Employee Stock Option \| Vesting Based on Service [Member] \| Minimum
Share-Based Compensation [Abstract]
Vesting period				3 years
Employee and Non Employee Stock Option \| Vesting Based on Service [Member] \| Maximum
Share-Based Compensation [Abstract]
Expiration term				10 years
Employee and Non Employee Stock Option \| Market-Based
Share-Based Compensation [Abstract]
Outstanding (in shares) \| shares				2,000,000
Number of components of an award \| component				2
Vesting percentage for awards that vest upon achievement of certain criteria				25.00%
Cumulative vesting percentage for awards that vest in equal annual installments				75.00%
Number of equal annual installments for vesting of award \| installment				3
Employee and Non Employee Stock Option \| Market-Based, ordinary performance
Share-Based Compensation [Abstract]
Market-based options subject to specified performance achievement (as a percent)				0.67
Multiplier of stock price over exercise price as a condition for the award to vest \| multiplier				2
Employee and Non Employee Stock Option \| Market-Based, ordinary performance \| Minimum
Share-Based Compensation [Abstract]
Percentage of compounded annual gain of stock price over exercise price required for the award to vest				20.00%
Employee and Non Employee Stock Option \| Market-Based, extraordinary performance
Share-Based Compensation [Abstract]
Market-based options subject to specified performance achievement (as a percent)				0.33
Multiplier of stock price over exercise price as a condition for the award to vest \| multiplier				3
Employee and Non Employee Stock Option \| Market-Based, extraordinary performance \| Minimum
Share-Based Compensation [Abstract]
Percentage of compounded annual gain of stock price over exercise price required for the award to vest				25.00%
2015 Stock Repurchase Program
Stock Repurchase Plan [Abstract]
Number of shares of common stock authorized to be purchased \| shares			3,000,000
Percentage of outstanding shares authorized to be repurchased			15.00%
Minimum purchase price authorized (in dollars per share) \| $ / shares			$ 1.00
Maximum purchase price authorized (in dollars per share) \| $ / shares			$ 500.00
Stock Repurchase Programs
Stock Repurchase Plan [Abstract]
Number of shares of common stock purchased \| shares				2,100,000	2,500,000	1,200,000
Average purchase price per share (in dollars per share) \| $ / shares				$ 27.60	$ 103.67	$ 116.99
Remaining number of shares available for repurchase under the plan \| shares				1,400,000
Capacity available to repurchase common stock under senior secured term loan (in dollars) \| $				$ 360,000
RentRange, Investability and Onit Solutions [Member]
Common Stock [Abstract]
Purchase Price \| $	$ 24,792
Number of shares exchanged for acquisition \| shares	247,000
Value of common stock paid at acquisition \| $	$ 7,300
Business Combination, Contingent Consideration Arrangements, Payment Period	4 years
CastleLine
Common Stock [Abstract]
Purchase Price \| $		$ 33,443
Number of shares exchanged for acquisition \| shares		495,000
Value of common stock paid at acquisition \| $		$ 14,400
Business Combination, Contingent Consideration Arrangements, Payment Period		4 years

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Activity related to our stock options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of Options
Outstanding at the beginning of the period (in shares)	2,601,892
Granted (in shares)	853,510	100,000	100,000
Exercised (in shares)	(130,682)
Forfeited (in shares)	(161,595)
Outstanding at the end of the period (in shares)	3,163,125	2,601,892
Exercisable at the end of the period (in shares)	2,214,051
Weighted average exercise price
Outstanding at the beginning of the period (in dollars per share)	$ 21.21
Granted (in dollars per share)	24.21	$ 84.61	$ 104.84
Exercised (in dollars per share)	10.64
Forfeited (in dollars per share)	66.72
Outstanding at the end of the period (in dollars per share)	20.13	$ 21.21
Exercisable at the end of the period (in dollars per share)	$ 14.43
Weighted average contractual term
Weighted average contractual term	4 years 11 months 9 days	4 years 5 months 8 days
Exercisable at the end of the period	3 years 1 month 13 days
Aggregate intrinsic value
Aggregate intrinsic value (in dollars)	$ 35,842	$ 47,805
Exercisable at the end of the period (in dollars)	$ 32,395

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Information about stock options outstanding (Details)	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Options outstanding
Number (in shares) \| shares	3,163,125
Options exercisable
Number (in shares) \| shares	2,214,051
$0.00 - $10.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	$ 0.00
Exercise price, high end of range (in dollars per share)	$ 10.00
Options outstanding
Number (in shares) \| shares	1,575,003
Weighted average remaining contractual life	2 years 6 months 15 days
Weighted average exercise price (in dollars per share)	$ 9.14
Options exercisable
Number (in shares) \| shares	1,575,003
Weighted average remaining contractual life	2 years 6 months 15 days
Weighted average exercise price (in dollars per share)	$ 9.14
$10.01 - $20.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	10.01
Exercise price, high end of range (in dollars per share)	$ 20.00
Options outstanding
Number (in shares) \| shares	427,781
Weighted average remaining contractual life	8 years 5 months 9 days
Weighted average exercise price (in dollars per share)	$ 18.23
Options exercisable
Number (in shares) \| shares	64,729
Weighted average remaining contractual life	3 years 7 months 28 days
Weighted average exercise price (in dollars per share)	$ 15.08
$20.01 - $30.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	20.01
Exercise price, high end of range (in dollars per share)	$ 30.00
Options outstanding
Number (in shares) \| shares	881,711
Weighted average remaining contractual life	6 years 8 months 23 days
Weighted average exercise price (in dollars per share)	$ 25.68
Options exercisable
Number (in shares) \| shares	470,311
Weighted average remaining contractual life	4 years 3 months 26 days
Weighted average exercise price (in dollars per share)	$ 23.21
$30.01 - $40.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	30.01
Exercise price, high end of range (in dollars per share)	$ 40.00
Options outstanding
Number (in shares) \| shares	63,880
Weighted average remaining contractual life	7 years 7 days
Weighted average exercise price (in dollars per share)	$ 32.26
Options exercisable
Number (in shares) \| shares	39,880
Weighted average remaining contractual life	5 years 5 months 5 days
Weighted average exercise price (in dollars per share)	$ 33.05
$40.01 - $50.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	40.01
Exercise price, high end of range (in dollars per share)	$ 50.00
Options outstanding
Number (in shares) \| shares	5,000
Weighted average remaining contractual life	8 years 11 months 9 days
Weighted average exercise price (in dollars per share)	$ 49.06
Options exercisable
Number (in shares) \| shares	313
Weighted average remaining contractual life	8 years 11 months 9 days
Weighted average exercise price (in dollars per share)	$ 49.06
$60.01 - $70.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	60.01
Exercise price, high end of range (in dollars per share)	$ 70.00
Options outstanding
Number (in shares) \| shares	71,000
Weighted average remaining contractual life	6 years 2 months 9 days
Weighted average exercise price (in dollars per share)	$ 60.73
Options exercisable
Number (in shares) \| shares	46,469
Weighted average remaining contractual life	6 years 2 months 9 days
Weighted average exercise price (in dollars per share)	$ 60.74
$70.01 - $80.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	70.01
Exercise price, high end of range (in dollars per share)	$ 80.00
Options outstanding
Number (in shares) \| shares	25,000
Weighted average remaining contractual life	8 years 10 months 13 days
Weighted average exercise price (in dollars per share)	$ 72.78
Options exercisable
Number (in shares) \| shares	1,563
Weighted average remaining contractual life	8 years 10 months 13 days
Weighted average exercise price (in dollars per share)	$ 72.78
$80.01 - $90.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	80.01
Exercise price, high end of range (in dollars per share)	$ 90.00
Options outstanding
Number (in shares) \| shares	40,000
Weighted average remaining contractual life	8 years 15 days
Weighted average exercise price (in dollars per share)	$ 85.63
Options exercisable
Number (in shares) \| shares	9,063
Weighted average remaining contractual life	7 years 4 months 13 days
Weighted average exercise price (in dollars per share)	$ 84.35
$90.01 - $100.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	90.01
Exercise price, high end of range (in dollars per share)	$ 100.00
Options outstanding
Number (in shares) \| shares	71,875
Weighted average remaining contractual life	8 years 3 months 29 days
Weighted average exercise price (in dollars per share)	$ 94.31
Options exercisable
Number (in shares) \| shares	6,251
Weighted average remaining contractual life	8 years 4 days
Weighted average exercise price (in dollars per share)	$ 94.26
$100.01 - $110.00
Stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	101.00
Exercise price, high end of range (in dollars per share)	$ 110.00
Options outstanding
Number (in shares) \| shares	1,875
Weighted average remaining contractual life	8 years 4 months 13 days
Weighted average exercise price (in dollars per share)	$ 105.11
Options exercisable
Number (in shares) \| shares	469
Weighted average remaining contractual life	8 years 4 months 13 days
Weighted average exercise price (in dollars per share)	$ 105.11

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Market prices necessary in order for the market performance options to begin to vest (Details)	Dec. 31, 2015 $ / shares shares
Ordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	47,500
Market-based options, Weighted average share price (in dollars per share) \| $ / shares	$ 92.29
Extraordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	55,875
Market-based options, Weighted average share price (in dollars per share) \| $ / shares	$ 77.03
$170.01 - $180.00
Market prices for market performance options to vest
Market-based options, Vesting price, low end of range (in dollars per share) \| $ / shares	170.01
Market-based options, Vesting price, high end of range (in dollars per share) \| $ / shares	$ 180.00
$170.01 - $180.00 \| Ordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	12,500
$170.01 - $180.00 \| Extraordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	0
$180.01 - $190.00
Market prices for market performance options to vest
Market-based options, Vesting price, low end of range (in dollars per share) \| $ / shares	$ 180.01
Market-based options, Vesting price, high end of range (in dollars per share) \| $ / shares	$ 190.00
$180.01 - $190.00 \| Ordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	12,500
$180.01 - $190.00 \| Extraordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	25,875
Over $190.00
Market prices for market performance options to vest
Market-based options, Vesting price, low end of range (in dollars per share) \| $ / shares	$ 190.00
Over $190.00 \| Ordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	22,500
Over $190.00 \| Extraordinary performance grants
Market prices for market performance options to vest
Market-based options, options expected to vest (in shares)	30,000

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - Restricted Stock awards (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Equity And Share-Based Compensation
Number of restricted shares outstanding	272,326	26,224
Restricted shares granted	251,938
Number of restricted shares issued during the period	(2,836)
Number of Restricted Shares Forfeited	(3,000)
weighted average price per share of restricted shares granted	$ 19.25

SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION - EARs (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	1.1
Stock Appreciation Rights (SARs) [Member]
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Percentage Of Divisions, Maximum	15.00%
Stock Appreciation Rights (SARs) [Member] \| Consumer Analytics Division [Member]
Equity And Share-Based Compensation
EARs Outstanding	5.60%	0.00%
EARs Granted	5.60%
EARs Forfeited	0.00%
Stock Appreciation Rights (SARs) [Member] \| Document Solutions Division [Member]
Equity And Share-Based Compensation
EARs Outstanding	5.60%	0.00%
EARs Granted	5.80%
EARs Forfeited	(0.20%)
Stock Appreciation Rights (SARs) [Member] \| Marketplace Solutions Division [Member]
Equity And Share-Based Compensation
EARs Outstanding	5.30%	0.00%
EARs Granted	5.30%
EARs Forfeited	0.00%
Time-Based Stock Appreciation Rights (SARs) [Member]
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Percentage Of Total Award	25.00%
Vesting period	4 years
Performance-Based Stock Appreciation Rights (SARs) [Member]
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Percentage Of Total Award	75.00%
Maximum
Equity And Share-Based Compensation
Share Based Compensation Arrangement by Share Based Payment Award Estimated Forfeiture Rate	40.00%
Maximum \| Restricted Stock [Member]
Equity And Share-Based Compensation
Vesting period	4 years
Minimum
Equity And Share-Based Compensation
Share Based Compensation Arrangement by Share Based Payment Award Estimated Forfeiture Rate	0.00%
Minimum \| Restricted Stock [Member]
Equity And Share-Based Compensation
Vesting period	1 year

REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
REVENUE (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues [Abstract]
Service Revenue	$ 940,920	$ 938,679	$ 662,059
Reimbursement Revenue	107,344	137,634	102,478
Non-controlling interests’ Revenue	3,202	2,603	3,820
Revenue	$ 1,051,466	$ 1,078,916	$ 768,357

COST OF REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
COST OF REVENUE (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cost of Revenue [Abstract]
Compensation and benefits	$ 261,839	$ 255,889	$ 156,812
Outside fees and services	248,278	243,325	193,233
Reimbursable expenses	107,344	137,634	102,478
Technology and telecommunications	43,177	48,834	25,534
Depreciation and amortization	26,689	21,498	14,423
Total	$ 687,327	$ 707,180	$ 492,480

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Selling, General and Administrative Expense [Abstract]
Compensation and benefits	$ 54,897	$ 45,098	$ 27,864
Professional services	23,183	18,598	8,022
Occupancy related costs	39,917	38,262	28,424
Amortization of intangible assets	41,135	37,680	28,176
Depreciation and amortization	9,781	7,548	4,633
Marketing costs	27,499	24,130	5,028
Other	24,456	30,417	11,663
Total	$ 220,868	$ 201,733	$ 113,810

LOSS ON SALE OF HLSS EQUITY SECURITIES, NET OF DIVIDENDS RECEIVED (Details) - USD ($) $ in Thousands, shares in Millions			12 Months Ended
	Apr. 29, 2015	Mar. 17, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Payments to Acquire Available-for-sale Securities, Equity		$ 30,000	$ 29,966	$ 0	$ 0
Liquidating dividend	$ 20,400
Sale proceeds from HLSS common stock	$ 7,700
Loss on sale of HLSS equity securities, net of dividends received			(1,854)	$ 0	$ 0
HLSS
Schedule of Available-for-sale Securities [Line Items]
Loss on sale of HLSS equity securities, net of dividends received			$ 1,900
Common stock \| HLSS \| Fair value measurements \| Fair Value, Inputs, Level 1 [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-For-Sale Securities, Number Of Shares Acquired		1.6
Available-For-Sale Securities, Shares Sold	1.6

OTHER INCOME (EXPENSE), NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Income and Expenses [Abstract]
Gains (Losses) on Extinguishment of Debt	$ 3,836	$ 0	$ 0
Loss in equity affiliate, including impairment loss	0	0	(176)
Interest income	133	103	899
Other, net	76	71	(166)
Total	$ 4,045	$ 174	$ 557

INCOME TAXES INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income before income taxes and non-controlling interests [Line Items]
Domestic - Luxembourg									$ 27,884	$ 124,181	$ 122,722
Total	$ (44,192)	$ 41,200	$ 51,244	$ 4,808	$ (28)	$ 45,867	$ 58,225	$ 43,201	53,060	147,265	142,333
U.S. Federal
Income before income taxes and non-controlling interests [Line Items]
Foreign - U.S. and Non-U.S.									5,944	9,575	11,125
Non U.S.
Income before income taxes and non-controlling interests [Line Items]
Foreign - U.S. and Non-U.S.									$ 19,232	$ 13,509	$ 8,486

INCOME TAXES (Details 2) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Domestic - Luxembourg	$ 1,787	$ 4,415	$ 2,516
Current income tax provision	9,586	9,012	6,525
Deferred:
Deferred income tax provision	(1,326)	1,166	2,015
Total	8,260	10,178	8,540
Decrease in foreign taxes due to tax holidays	$ 800	$ 900	$ 200
Effect on diluted per share due to decrease in foreign tax holiday (in dollars per share)	$ 0.04	$ 0.04	$ 0.01
Statutory tax rate	29.22%	29.22%	29.22%
U.S. Federal
Current:
Foreign	$ 539	$ 75	$ 6
Deferred:
Foreign	(108)	1,756	2,506
U.S. State
Current:
Foreign	855	476	403
Deferred:
Foreign	(526)	(281)	84
Non U.S.
Current:
Foreign	6,405	4,046	3,600
Deferred:
Foreign	$ (692)	$ (309)	$ (575)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current deferred tax assets:
Allowance for doubtful accounts and other reserves	$ 0	$ 72
Accrued expenses	0	5,165
Current deferred tax liabilities:
Prepaid expenses	0	(250)
Current deferred tax assets, net	0	4,987
Non-current deferred tax assets:
Net operating loss carryforwards	5,417	13,940
U.S. federal and state tax credits	2,577	1,202
Non-U.S. deferred tax assets	2,472	1,780
Share-based compensation	1,750	856
Accrued expenses	7,730	0
Non-current deferred tax liabilities:
Intangible assets	(4,508)	(5,302)
Depreciation	(7,446)	(11,878)
Other	(815)	(177)
Deferred tax assets net of deferred tax liabilities	7,177	421
Valuation allowance	(3,558)	(3,115)
Non-current deferred tax liabilities, net	0	2,694
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	3,619	0
Net deferred tax assets	3,619	2,293
Income Taxes
Increase in valuation allowance related to state and foreign losses	400
Undistributed earnings	63,500
Deferred tax liability that would be recognized if earnings were distributed	12,500
Gross amount of net operating losses available for carryover to future years	14,800	35,700
U.S. State
Non-current deferred tax assets:
Net operating loss carryforwards	1,600	1,800
Luxembourg
Non-current deferred tax assets:
Net operating loss carryforwards	2,300	1,700
U.S. Federal
Income Taxes
Net operating loss carryforwards related to stock options exercised, not recognized	13,600	13,600
U.S. State and U.S. Federal
Non-current deferred tax assets:
Net operating loss carryforwards	2,600	1,200
NCI
Income Taxes
Annual limit on use of operating loss carryforward	1,300
Gross amount of net operating losses available for carryover to future years	$ 10,100	$ 12,200

INCOME TAXES (Details 4)	12 Months Ended
INCOME TAXES (Details 4)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Income Tax Provision to the Luxembourg income tax rate
Statutory tax rate	29.22%	29.22%	29.22%
Permanent difference related to Luxembourg intangible assets	(13.56%)	(22.60%)	(23.59%)
Change in valuation allowance	0.83%	(0.05%)	0.76%
State tax expense	0.29%	0.03%	0.24%
Tax credits	(2.34%)	(0.71%)	(0.00%)
Uncertain taxes	1.39%	0.88%	0.00%
Other	(0.26%)	0.14%	(0.63%)
Effective tax rate	15.57%	6.91%	6.00%

INCOME TAXES (Details 5) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details 5) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Amount of unrecognized tax benefits as of the beginning of the year	$ 1,153	$ 0
Increases as a result of tax positions taken in a prior period	638	1,153
Increases as a result of tax positions taken in the current period	214	0
Amount of unrecognized tax benefits as of the end of the year	2,005	1,153
Unrecognized tax benefits that would affect the effective tax rate	2,100	1,300
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	200	$ 100
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 1,500

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Net income attributable to Altisource	$ (45,096)	$ 37,046	$ 45,950	$ 3,698	$ (1,535)	$ 42,287	$ 54,101	$ 39,631	$ 41,598	$ 134,484	$ 129,973
Weighted average common shares outstanding, basic	19,196	19,091	19,571	20,172	20,306	21,626	22,089	22,509	19,504	21,625	23,072
Dilutive effect of stock options and restricted shares									1,115	2,009	1,981
Weighted average common shares outstanding, diluted	19,196	20,411	20,669	20,995	20,306	23,640	24,166	24,662	20,619	23,634	25,053
Earnings per share:
Basic (in dollars per share)	$ (2.35)	$ 1.94	$ 2.35	$ 0.18	$ (0.08)	$ 1.96	$ 2.45	$ 1.76	$ 2.13	$ 6.22	$ 5.63
Diluted (in dollars per share)	$ (2.35)	$ 1.82	$ 2.22	$ 0.18	$ (0.08)	$ 1.79	$ 2.24	$ 1.61	$ 2.02	$ 5.69	$ 5.19
Employee and Non Employee Stock Option
Anti-dilutive securities
Options excluded from the computation of diluted EPS, approximate (in shares) (less than 0.1 million shares for the years 2014 and 2013)									600	100	100
Options for shares issuable upon achievement of market and performance criteria
Anti-dilutive securities
Options excluded from the computation of diluted EPS, approximate (in shares) (less than 0.1 million shares for the years 2014 and 2013)									300	100	100

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Nov. 15, 2013
Operating Lease Obligations
Additional revenue earned on portfolios serviced by Ocwen	21.00%
Operating lease obligations
2015	$ 17,308
2016	15,085
2017	10,983
2018	7,451
2019	3,654
Thereafter	4,860
Operating lease obligations	$ 59,341
Sales Revenue, Segment [Member] \| Ocwen \| Revenue from Rights Concentration Risk [Member]
Operating Lease Obligations
Concentration Risk, Percentage	60.00%	60.00%	65.00%
Financial Standby Letter of Credit [Member]
Operating Lease Obligations
standby letter of credit	$ 1,700
Equator LLC \| Financial Standby Letter of Credit [Member]
Operating Lease Obligations
standby letter of credit				$ 700

COMMITMENTS AND CONTINGENCIES (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Lease Obligations
Total operating lease expense, net of sublease income	$ 20.0	$ 20.1	$ 12.8
Escrow and Trust Balances
Amounts held in escrow and trust accounts	$ 66.6	$ 62.5
Minimum
Operating Lease Obligations
Customary lease term	1 year
Maximum
Operating Lease Obligations
Customary lease term	7 years

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended								12 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2015 USD ($) segment	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Segment Reporting [Abstract]
Number of reporting segments \| segment									3
SEGMENT REPORTING
Revenue									$ 1,051,466	$ 1,078,916	$ 768,357
Cost of revenue									687,327	707,180	492,480
Gross profit	$ 97,395	$ 98,926	$ 100,162	$ 67,656	$ 69,235	$ 98,964	$ 112,073	$ 91,464	364,139	371,736	275,877
Selling, general and administrative expenses									220,868	201,733	113,810
Impairment losses									71,785	37,473	0
Business Combination, Contingent Consideration Arrangement - Equator									(7,591)	(37,924)	0
Income from operations									79,077	170,454	162,067
Other income (expense), net									(26,017)	(23,189)	(19,734)
Income before income taxes and non-controlling interests									53,060	147,265	142,333
Total Assets:
Total Assets	727,982				788,221				727,982	788,221
Operating Segment \| Mortgage Services
SEGMENT REPORTING
Revenue									786,648	793,143	599,319
Cost of revenue									474,169	486,387	376,639
Gross profit									312,479	306,756	222,680
Selling, general and administrative expenses									105,153	94,686	46,522
Impairment losses									0	0
Business Combination, Contingent Consideration Arrangement - Equator									0	0
Income from operations									207,326	212,070	176,158
Other income (expense), net									506	204	(136)
Income before income taxes and non-controlling interests									207,832	212,274	176,022
Total Assets:
Total Assets	325,461				313,550				325,461	313,550
Operating Segment \| Financial Services
SEGMENT REPORTING
Revenue									88,448	98,499	92,958
Cost of revenue									60,806	64,338	55,328
Gross profit									27,642	34,161	37,630
Selling, general and administrative expenses									18,707	18,791	15,571
Impairment losses									0	0
Business Combination, Contingent Consideration Arrangement - Equator									0	0
Income from operations									8,935	15,370	22,059
Other income (expense), net									58	62	(10)
Income before income taxes and non-controlling interests									8,993	15,432	22,049
Total Assets:
Total Assets	53,757				56,096				53,757	56,096
Operating Segment \| Technology Services
SEGMENT REPORTING
Revenue									215,482	227,300	100,724
Cost of revenue									187,835	192,426	82,612
Gross profit									27,647	34,874	18,112
Selling, general and administrative expenses									29,902	32,393	12,435
Impairment losses									71,785	37,473
Business Combination, Contingent Consideration Arrangement - Equator									(7,591)	(37,924)
Income from operations									(66,449)	2,932	5,677
Other income (expense), net									61	(31)	7
Income before income taxes and non-controlling interests									(66,388)	2,901	5,684
Total Assets:
Total Assets	165,778				250,059				165,778	250,059
Corporate Items and Eliminations
SEGMENT REPORTING
Revenue									(39,112)	(40,026)	(24,644)
Cost of revenue									(35,483)	(35,971)	(22,099)
Gross profit									(3,629)	(4,055)	(2,545)
Selling, general and administrative expenses									67,106	55,863	39,282
Impairment losses									0	0
Business Combination, Contingent Consideration Arrangement - Equator									0	0
Income from operations									(70,735)	(59,918)	(41,827)
Other income (expense), net									(26,642)	(23,424)	(19,595)
Income before income taxes and non-controlling interests									(97,377)	(83,342)	$ (61,422)
Total Assets:
Total Assets	$ 182,986				$ 168,516				$ 182,986	$ 168,516

SEGMENT REPORTING (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Premises & equipment, net
Premises and equipment, net	$ 119,121	$ 127,759
United States
Premises & equipment, net
Premises and equipment, net	85,021	88,274
India
Premises & equipment, net
Premises and equipment, net	21,187	27,082
Luxembourg
Premises & equipment, net
Premises and equipment, net	9,944	9,059
Philippines
Premises & equipment, net
Premises and equipment, net	2,664	3,344
URUGUAY
Premises & equipment, net
Premises and equipment, net	$ 305	$ 0

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 269,887	$ 272,776	$ 268,321	$ 240,482	$ 255,887	$ 287,688	$ 296,072	$ 239,269
Gross profit	97,395	98,926	100,162	67,656	69,235	98,964	112,073	91,464	$ 364,139	$ 371,736	$ 275,877
Income (loss) before income taxes and non-controlling interests	(44,192)	41,200	51,244	4,808	(28)	45,867	58,225	43,201	53,060	147,265	142,333
Net income	(44,351)	37,897	46,846	4,408	(906)	43,115	54,732	40,146	44,800	137,087	133,793
Net income (loss) attributable to Altisource	$ (45,096)	$ 37,046	$ 45,950	$ 3,698	$ (1,535)	$ 42,287	$ 54,101	$ 39,631	$ 41,598	$ 134,484	$ 129,973
Earnings per share:
Basic (in dollars per share)	$ (2.35)	$ 1.94	$ 2.35	$ 0.18	$ (0.08)	$ 1.96	$ 2.45	$ 1.76	$ 2.13	$ 6.22	$ 5.63
Diluted (in dollars per share)	$ (2.35)	$ 1.82	$ 2.22	$ 0.18	$ (0.08)	$ 1.79	$ 2.24	$ 1.61	$ 2.02	$ 5.69	$ 5.19
Weighted average shares outstanding:
Basic (in shares)	19,196	19,091	19,571	20,172	20,306	21,626	22,089	22,509	19,504	21,625	23,072
Diluted (in shares)	19,196	20,411	20,669	20,995	20,306	23,640	24,166	24,662	20,619	23,634	25,053
Impairment losses									$ 71,785	$ 37,473	$ 0

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowances, beginning balance	$ 22,675	$ 5,631	$ 3,274
Valuation allowances, Charged to Expenses	5,514	16,257	2,549
Valuation allowances, Charged to Other Accounts	(4)	1,399	0
Valuation allowances, Deductions	9,729	612	192
Valuation allowances, ending balance	18,456	22,675	5,631
Valuation Allowance of Deferred Tax Assets
Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowances, beginning balance	3,115	3,189	2,413
Valuation allowances, Charged to Expenses	674	0	0
Valuation allowances, Charged to Other Accounts	0	0	776
Valuation allowances, Deductions	231	74	0
Valuation allowances, ending balance	$ 3,558	$ 3,115	$ 3,189