A revenue stream that is highly dependent on products and services contractually sourced to Altisource from mortgage servicer Ocwen Financial Corp. Long-term agreement between Altisource and Ocwen that results in relatively stable revenues, although volumes may wane as Ocwen sells servicing assets Asset-light strategy that results in minimal balance sheet risk Exposure to the cyclical and seasonal nature of residential mortgage activities High operational and integration risks associated with the company's acquisition strategy Ongoing investments in new products, some of which may not materialize, may impact earnings Our expectation that Altisource will operate with an "intermediate" amount of leverage "Adequate" liquidity The negative outlook on Altisource Portfolio Solutions S.A. reflects Standard&Poor's Ratings Services' view that the scrutiny placed
