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Altisource Supports Homes4WoundedHeroes Program with Homeownership Mentoring for Military Veteran

2014-10-23 13:35 ET - News Release


LUXEMBOURG -- (Business Wire)

Altisource Portfolio Solutions S.A. (“Altisource”) (Nasdaq:ASPS) today announced it is supporting financial mentorship and homeownership guidance for injured U.S military veteran Corporal Todd Lipscomb as part of the Military Warriors Support Foundation's provision of a mortgage-free house.

During the Mortgage Bankers Association annual conference and expo in Las Vegas, NV, Altisource joined Bank of America executives and the Military Warriors Support Foundation in delivering Corporal Lipscomb the keys to his new Fernley, NV home. Lipscomb was injured in 2007 during an explosion while on patrol.

Military Warriors Support Foundation organizes mortgage-free homes for combat-wounded veterans through the Homes4WoundedHeroes program. Bank of America donated the mortgage-free home and Altisource provided funding for three years of home ownership mentoring, including financial guidance and education surrounding property repair and maintenance, to help Corporal Lipscomb transition into homeownership.

John Vella, Chief Operating Officer of Altisource’s Equator® business unit, said, “There is no greater ‘thank you’ we could deliver than to be a part of helping Corporal Lipscomb achieve the dream of home ownership. We’re honored to support some of the most important components of home ownership, including counseling on monthly budgeting, savings, and debt repayment, so Corporal Lipscomb can have a foundation to build a long-term future for his family.”

About Altisource®

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

About Military Warriors Support Foundation:

The Military Warriors Support Foundation (MWSF) is a 501(c) (3) non-profit organization whose mission is to provide support for our nation’s wounded heroes as they transition out of the military and into their new civilian life. Through their Homes4WoundedHeroes Program, they donate 100% mortgage-free homes to combat wounded heroes, and their families, who were injured in Iraq and Afghanistan. In addition to the home, the families will receive three years of family and financial mentoring. For more information, please visit their website at MilitaryWarriors.org.

Contacts:

Altisource Portfolio Solutions
Investor:
Michelle D. Esterman
Chief Financial Officer
+352 2469 7950
Michelle.Esterman@Altisource.lu
or
Press:
Barbara L. Goose
Global Chief Marketing Officer
617-728-5501
Barbara.Goose@Altisource.com

Source: Altisource Portfolio Solutions S.A.

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