Altisource Expands Online Real Estate Business With Acquisition Of

Altisource Portfolio Solutions has acquired online real estate marketplace for about $20 million., one of the largest online self-directed real estate services in the U.S., will operate alongside Altisource's online real estate auction marketplace,

Launched in 1996, has grown to become one of the largest marketplaces of self-directed home buyers and sellers. Last year, consumers listed approximately 35,000 properties for sale on the website with an aggregate asking price of approximately $11.5 billion. offers home sellers access to the key professional listing boards necessary to market a home and professional transaction support during the process.

‘ is one of the leading self-directed online real estate marketplaces, and this acquisition fits perfectly with the future of our company,’ says William Shepro, CEO of Altisource, in a release. ‘It allows us to combine the expertise we offer the online home auction industry through Hubzu with an innovative residential sales model to create a unique, best-in-class real estate e-commerce engine.

‘As the real estate market continues to evolve, this acquisition puts us in a strong position to work with real estate agents, home buyers and home sellers to deliver value through the fast-growing limited-service home sales market,’ Shepro adds.

Last year, the limited-service and self-directed real estate category accounted for 30% of all home sales, according to research from the National Association of Realtors.'s management and employees have joined Altisource.

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