Altisource Acquires CastleLine

Altisource Portfolio Solutions S.A.

today announced the acquisition of CastleLine Holdings, LLC ("CastleLine"), a specialty risk management and insurance services firm. CastleLine is the leading provider of Certified Loan Insurance products designed to protect mortgage market participants against losses caused by mortgage underwriting defects. The innovative Certified Loan Insurance Program is enabled by the CastleLine™ proprietary certification process. With the acquisition of CastleLine, Altisource strengthens its origination related offerings with products and services focused on mitigating risk in the origination, underwriting, purchase and securitization of residential mortgages and offers the opportunity to expand CastleLine's products and services into contiguous markets. CastleLine's leadership team will join Altisource. "The acquisition of CastleLine aligns with our strategy to continue helping the mortgage banking industry safely and securely increase production while reducing costs and mitigating risks. Combined with our existing origination offerings through Altisource® Origination Services and our access to the members of the Lenders One® and Wholesale One® cooperatives, we add meaningful synergies to the existing CastleLine business model," said William B.