Altisource announced that it has secured six new contracts to provide its Lenders One Credit and Verification services to U.S. mortgage lenders, including a lender that ranked among the industry’s top performers based on 2024 Home Mortgage Disclosure Act origination volume.
The six agreements represent an estimated $15 million in annual closed‑won contract value and are slated to generate revenue beginning in the first quarter of 2026, expanding the company’s Origination Solutions portfolio beyond its existing renovation and credit products.
Lenders One, a national cooperative with more than 240 member lenders, is designed to help members improve profitability through cost reduction and revenue enhancement. Adding six new members strengthens Altisource’s market position and creates a larger, more diversified revenue base that is less dependent on foreclosure activity.
Altisource recently completed a debt‑exchange transaction that reduced its debt by roughly $60 million and extended loan maturities. While the company’s S&P rating was downgraded to ‘Selective Default’ following the restructuring, service‑revenue growth and narrowing net losses in the past quarters demonstrate resilience and a trajectory toward profitability.
CEO William B. Shepro emphasized that the company is focused on growing businesses with tailwinds, maintaining cost discipline, and leveraging lower interest expenses. Lenders One President Justin Demola noted that lenders are actively seeking partners that can improve unit economics without compromising compliance or customer service.
The new contracts signal confidence in Altisource’s technology‑enabled lending solutions and position the company for incremental revenue growth in 2026, reinforcing its strategic shift toward origination solutions and a more balanced revenue mix.
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