Mortgage Builder Introduces Convenient Borrowing via Mobile Devices

LUXEMBOURG, Oct. 8, 2014 /PRNewswire/ -- Mortgage Builder Software, a provider of award-winning mortgage loan origination and servicing software systems (LOS and LSS), has announced the introduction of its Architect Connect enhancement to its flagship LOS, Architect. Architect Connect allows borrowers to directly interact with the system through their computers and mobile devices, adding convenience for consumers and saving time and money for lenders.

John Vella, Chief Operating Officer of Mortgage Builder and Equator, both Altisource^® businesses, said, "Architect Connect brings borrowers into the loan experience online from wherever they happen to be, anywhere in the world. They can upload required information, communicate with their lender via the LOS on a 24/7 basis and check real-time loan status from their tablet, smartphone or computer. It's instant gratification for borrowers and lenders alike."

Architect Connect provides benefits to both lenders and borrowers. Lenders can now offer customers more services via their computers and mobile devices including lead capture, prequalification and interactive Form 1003 loan applications, and the reporting and analytics they need to stay compliant.  Borrowers can now use Architect Connect to quickly check the status of their loan on a computer or mobile device, avoiding constant time-consuming phone calls that have long been a costly fact of life for lenders.

Brian Abbott, Mortgage Builder's Director of Corporate Initiatives, said, "Architect Connect enables a secure, completely transparent process that allows lenders to know exactly how their sales efforts are doing at any time.  Many tasks that used to take hours on the phone with a loan officer or a processor can now be completed on a self-service basis by the borrower using Architect Connect." 

Mortgage Builder will be exhibiting in booth #619 at the MBA Annual Conference & Expo in Las Vegas, October 19-22, and will be providing full demonstrations of Architect, Architect Connect, the Colonnade LSS and the LoanXEngine pricing and product eligibility (PPE) platform.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties.  These forward-looking statements include statements that are not historical fact, including statements about 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.  Altisource Portfolio Solutions S.A. and its affiliates (collectively, the "Company") undertake 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: the Company'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 "Forward-Looking Statements," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.

About Mortgage Builder

Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions since 1998.  Mortgage Builder was the first LOS to provide its full capabilities in Application Service Provider (ASP) form, as Software as a Service (SaaS), in the traditional licensed, server-based configuration and now in a fully browser based environment, providing complete flexibility to suit all clients' business models.  Architect by Mortgage Builder™ is an end-to-end, "everything's integrated" lending solution for retail, wholesale and correspondent mortgage production channels, automating origination, closing, post-closing and delivery, as well as tracking and reporting functions.  Essential enhancements like pricing and product eligibility (PPE), electronic document management (EDM) and electronic loan delivery functionality are built-in and available on demand, while compliant loan documents are provided at no additional cost.  Colonnade by Mortgage Builder offers a complete loan servicing system (LSS) that is scalable and fully featured, ideal for mid-sized and larger loan servicers.  The company has been named by Mortgage Technology Magazine as one of the industry's Top 50 Service Providers for the seventh consecutive year, and was the winner of the magazine's prestigious Help Desk Award for outstanding customer service and the industry's best technical support.   Visit www.MortgageBuilder.com.

About Altisource

Altisource is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants. Altisource has been named to Fortune's fastest growing global companies two years in a row. Additional information is available at www.Altisource.com.

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SOURCE Altisource Portfolio Solutions S.A.