Portfolio Solutions SA Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Could you comment on how -- I know you -- on Slide 10 here, you've given the range of service revenues in $214 million to $237 million. Could you quantify a little bit how field services and Hubzu and origination business is going to break out the sort of same sort of proportion to before? And how that cadence is? Do you expect a pickup in Hubzu really second half of the year? Could you give us some more color on that?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : So if I understand that correctly, the field services and marketplace, which is Hubzu, they are -- they were $108 million in 2021. They're looking to more than double at its in the midpoint.

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : For this year?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Got it. Got it. And where do you expect the originations business? How much do you expect that to grow?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Got it. And then when we look at the market overall, we see the mortgage numbers, foreclosure starts January was up 7x from December, how do we translate that into your results and the lag? Could you talk about when do -- how do we look at your business relative to the market in terms of the market share? Is your market share is still stable -- and could you give some color on that?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Right. And so is -- when you look at the foreclosure starts, apparently, half of those starts are from a serious delinquency prior to the pandemic and the other half are from March 2020 onwards. Is your business representative of that ratio to on the foreclosure starts?