Ramin Kamali's questions to Altisource Portfolio Solutions SA (ASPS) leadership • Q4 2024
Question
Ramin Kamali inquired about the nature of recent business wins in the originations and servicing segments and asked if customer conversations have changed following the company's recent debt restructuring transaction. He also requested an update on business trends for the first quarter of 2025.
Answer
William Shepro, Chairman and CEO, detailed significant progress in the construction renovation and Lenders One origination businesses, with new products in each now generating over $1 million in monthly revenue. He confirmed that completing the debt transaction has positively impacted customer discussions. Shepro also outlined growth initiatives for 2025, including expanding the Hubzu auction platform and growing the Granite construction risk management business. Regarding Q1 2025, he stated that the year started strong, with revenue on plan and adjusted EBITDA at or ahead of plan for January and February.