Altisource Portfolio Solutions S.A. (ASPS) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Exhibit 99.1

ALTISOURCE ANNOUNCES STRONG FOURTH QUARTER AND FULL YEAR RESULTS

Luxembourg, February 13, 2014 -

Full Year 2013 Results Compared to 2012:

·                  Service revenue of $662.1 million, a 42% increase

·                  Net income attributable to Altisource of $130.0 million, a 17% increase

·                  Diluted earnings per share of $5.19, a 17% increase

·                  Cash from operations of $185.5 million, a 59% increase

·                  Return on equity of 78%, compared to 58% in 2012

Fourth Quarter 2013 Results Compared to Fourth Quarter 2012:

·                  Service revenue of $192.4 million, a 58% increase

·                  Net income attributable to Altisource of $35.5 million, a 17% increase

·                  Diluted earnings per share of $1.42, an 18% increase

·                  Cash from operations of $50.8 million, a 162% increase

“2013 was a very strong year for Altisource, growing both organically as well as through strategic acquisitions. Earnings growth was slower than revenue as we continued to invest in the business to support our future growth.  We are well positioned with our core business and our growth initiatives for an even better 2014.  Further, we intend to continue our aggressive share repurchase program1,” said Chairman William Erbey.

Full year and fourth quarter 2013 highlights include:

·                  The average number of loans serviced by Ocwen on REALServicing® totaled 1.2 million in 2013 and 1.5 million in the fourth quarter of 2013

1       In February 2014, Altisource filed a preliminary proxy with the Securities and Exchange Commission (the “SEC”).  We intend to file a definitive proxy followed by a shareholder meeting to present a proposal for shareholder approval to repurchase up to 15% of our common stock.  Any solicitation of approval of this proposal will be made only pursuant to such definitive proxy, which you should review for more information.  You will be able to obtain a free copy of the definitive proxy when it becomes available at the website maintained by the SEC at www.sec.gov.

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