Altisource Announces Resignation of CFO Robert D. Stiles, Appointment of Michelle D. Esterman

Altisource™ ASPS announces that Robert D. Stiles, the Company's Chief Financial Officer, has resigned from the Company effective March 1, 2012. The Company also announces the appointment of Michelle D. Esterman as its new Chief Financial Officer effective March 12, 2012. Prior to her appointment, Ms. Esterman, 39, had been with Deloitte & Touche, LLP since 1996, most recently as Senior Manager, Audit & Enterprise Risk Services. In her more than 15 years with Deloitte, Ms. Esterman gained extensive experience in transaction support (acquisitions, divestitures, restructuring and capital markets), complex accounting, SEC reporting, GAAP, Sarbanes Oxley compliance, audit efficiency and risk management. Ms. Esterman is a licensed Certified Public Accountant and holds a Bachelor of Business Administration (accounting concentration) and a Master of Accountancy (tax concentration) from the University of North Florida.