Exhibit 99.1

FOR IMMEDIATE RELEASE		FOR FURTHER INFORMATION CONTACT:
		Robert D. Stiles
		Chief Financial Officer
		T: +352 2469 7903
		E: robert.stiles@altisource.lu

ALTISOURCE ANNOUNCES THIRD QUARTER RESULTS

Luxembourg, Luxembourg, 27 October 2011

Altisource™ (NASDAQ: ASPS) today reported Net Income Attributable to Altisource of $17.2 million or $0.67 per diluted share for the quarter ended September 30, 2011. This compares with Net Income Attributable to Altisource of $9.8 million or $0.37 per share for the quarter ended September 30, 2010.

Service Revenue for the third quarter was $86.2 million, up 39% compared to the third quarter of 2010.

Third quarter highlights include:

•

Average loans serviced by the Company’s largest customer Ocwen® on the REALServicing® platform of 516,214 for the quarter.

•

Generated cash flow from operations for the third quarter of $30.6 million representing $0.35 for every dollar of Service Revenue in the quarter.

•

Acquired 644,462 shares of stock under the stock repurchase program at an average price of $35.08 in the quarter.

•

Completed the investment of $15.0 million in Correspondent One S.A.

Gross margin remained flat when compared to the quarter ended June 30, 2011 as the increase in gross margin attributable to Technology Services was offset by a decline in gross margin attributable to Mortgage Services. This was due to Mortgage Services segment’s mix of services and the build out of infrastructure to support Ocwen’s September 1, 2011 boarding of the Litton portfolio. As a result of the boarding of the Litton portfolio, Altisource delivered in the quarter a proportionately higher percentage of services to homes in pre-foreclosure. For these services, the margins are generally lower. The delivery of pre-foreclosure services, however, is a strong leading indicator of future referrals of higher margin foreclosure and asset management services.

From an operating margin perspective, margins for the total Company improved in the quarter when compared to the quarter ended June 30, 2011 by 300 basis points to 25% of Service Revenue. This reflects faster growth in the higher margin Mortgage Services segment as well as leveraging of the Corporate infrastructure.

For the fourth quarter, Service Revenue should continue to improve when compared to the third quarter based principally upon the expected growth in foreclosure and asset management related referrals.

Financial Results, Unaudited

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(in thousands, except per share amounts)		2011				2010				2011				2010
Service Revenue		$	86,169			$	62,159			$	230,403			$	172,725
Reimbursable Expenses			21,833				13,369				56,933				33,040
Cooperative Non-controlling Interest			1,791				2,052				4,395				4,136
Total Revenue			109,793				77,580				291,731				209,901
Cost of Revenue			51,506				35,544				134,452				99,602
Reimbursable Expenses			21,833				13,369				56,933				33,040
Gross Profit			36,454				28,667				100,346				77,259
Selling, General and Administrative Expenses			15,329				14,730				45,487				39,275
Income from Operations			21,125				13,937				54,859				37,984
Other Income (Expense), net			(320	)			698				294				666
Income Before Income Taxes and Non-controlling Interests			20,805				14,635				55,153				38,650
Income Tax Provision			(1,843	)			(2,751	)			(5,377	)			(2,029	)
Net Income			18,962				11,884				49,776				36,621
Net Income Attributable to Non-controlling Interests			(1,791	)			(2,052	)			(4,395	)			(4,136	)
Net Income Attributable to Altisource		$	17,171			$	9,832			$	45,381			$	32,485
Earnings Per Share:
Basic		$	0.71			$	0.39			$	1.84			$	1.30
Diluted		$	0.67			$	0.37			$	1.76			$	1.24
Weighted Average Shares Outstanding:
Basic			24,341				25,318				24,602				25,080
Diluted			25,489				26,544				25,720				26,168
Transactions with Related Parties:
Revenue		$	63,827			$	39,459			$	166,311			$	104,494
Selling, General and Administrative Expenses		$	506			$	223			$	1,352			$	811

Revenue

The following table presents Total Revenue by segment:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(in thousands)		2011				2010				2011				2010
Mortgage Services:
Service Revenue		$	58,915			$	34,909			$	147,768			$	89,623
Reimbursable Expenses			21,464				12,562				55,221				30,811
Cooperative Non-controlling Interest			1,791				2,052				4,395				4,136
Mortgage Services — Total Revenue			82,170				49,523				207,384				124,570
Financial Services:
Service Revenue			16,934				18,132				53,067				56,646
Reimbursable Expenses			369				807				1,712				2,229
Financial Services — Total Revenue			17,303				18,939				54,779				58,875
Technology Services			14,827				12,963				41,115				37,422
Eliminations			(4,507	)			(3,845	)			(11,547	)			(10,966	)
Total Revenue		$	109,793			$	77,580			$	291,731			$	209,901

Income Before Income Tax and Pretax Income

The following table presents income attributable to Altisource before income tax (Pretax Income) including amounts by segment:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(in thousands)		2011				2010				2011				2010
Mortgage Services:
Income Before Income Taxes		$	22,554			$	14,928			$	60,391			$	35,805
Non-controlling Interests			(1,791	)			(2,052	)			(4,395	)			(4,136	)
Pretax Income		$	20,763			$	12,876			$	55,996			$	31,669
As Percent of Service Revenue			35	%			37	%			38	%			35	%
Financial Services:
Income Before Income Taxes		$	350			$	368			$	2,784			$	3,411
As Percent of Service Revenue			2	%			2	%			5	%			6	%
Technology Services:
Income Before Income Taxes		$	4,359			$	4,090			$	11,108			$	12,782
As Percent of Revenue			29	%			32	%			27	%			34	%
Corporate:
Loss Before Income Taxes		$	(6,458	)		$	(4,751	)		$	(19,130	)		$	(13,348	)
Consolidated:
Income Before Income Taxes		$	20,805			$	14,635			$	55,153			$	38,650
Non-controlling Interests			(1,791	)			(2,052	)			(4,395	)			(4,136	)
Pretax Income		$	19,014			$	12,583			$	50,758			$	34,514
As Percent of Service Revenue			22	%			20	%			22	%			20	%

Stock Repurchase Update

For the nine months ended September 30, 2011 the Company repurchased 1.0 million shares (0.6 million shares during the third quarter) of common stock on the open market at an average price of $33.53. Since inception of the stock repurchase program, 1.7 million shares of common stock have been repurchased on the open market at an average price of $31.02.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical fact, including statements about our management’s beliefs and expectations. Forward-looking statements are based on management’s beliefs as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. The Company undertakes no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: Altisource’s ability to retain existing customers and attract new customers; general economic and market conditions; governmental regulations, taxes and policies; availability of adequate and timely sources of liquidity and other risks and uncertainties detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.

Webcast

Altisource will host a webcast at 11:00 a.m. Eastern today to discuss third quarter results. A link to the live audio web cast as well as an accompanying slide deck will be available on our website through the Investor Relations home page. Those who want to listen to the call should go to the website fifteen minutes prior to the call to register, download and install any necessary audio software. A replay of the conference call will be available via our website approximately two hours after the conclusion of the call.

About Altisource

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a provider of services focused on high-value, technology-enabled knowledge-based solutions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management. Additional information is available at www.altisource.com.

ALTISOURCE PORTFOLIO SOLUTIONS S.A.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, Dollars in thousands, Except Per Share Data)

		September 30,				December 31,
		2011				2010
ASSETS
Current Assets:
Cash and Cash Equivalents		$	21,250			$	22,134
Accounts Receivable, net			50,239				53,495
Prepaid Expenses and Other Current Assets			6,793				13,076
Deferred Tax Asset, net			2,328				551
Total Current Assets			80,610				89,256
Restricted Cash			1,222				1,045
Premises and Equipment, net			22,626				17,493
Deferred Tax Asset, net			—				1,206
Intangible Assets, net			67,066				72,428
Goodwill			14,915				11,836
Investment in Equity Affiliate			14,645				—
Other Non-current Assets			8,645				4,536
Total Assets		$	209,729			$	197,800
LIABILITIES AND EQUITY
Current Liabilities:
Accounts Payable and Accrued Expenses		$	33,697			$	35,384
Capital Lease Obligations — Current			643				680
Other Current Liabilities			8,151				5,616
Total Current Liabilities			42,491				41,680
Capital Lease Obligations — Non-current			345				852
Deferred Tax Liability, net			539				—
Other Non-current Liabilities			2,679				3,370
Commitment and Contingencies
Equity:
Common Stock ($1.00 par value; 100,000 shares authorized; 25,413 shares issued and 23,979 outstanding in 2011; 25,413 shares issued and 24,881 outstanding in 2010)			25,413				25,413
Retained Earnings			100,984				58,546
Additional Paid-in-Capital			81,406				79,297
Treasury Stock, at cost ($1.00 par value; 1,434 and 532 shares in 2011 2010, respectively)			(46,171	)			(14,418	)
Altisource Equity			161,632				148,838
Non-controlling Interests			2,043				3,060
Total Equity			163,675				151,898
Total Liabilities and Equity		$	209,729			$	197,800