Altisource Portfolio Solutions SA Q2 2021 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 : My question, Bill, to you was just to follow on to the last speaker. Just on the Lenders One, so you're saying there are possibilities. It could be an external investment. Are you thinking it could be a spin-off or it could be a joint venture? It's -- you are not contemplating selling the business entirely? You're contemplating a joint venture or an investment by a third party?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Right, okay. So stay tuned on that. And then your comment that your default business could grow to $230 million to $352 million, I think it's one of the slides. Is that just the field services business you're talking about? You're not including the marketplace or the professional services in that number?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : But not the professional services. That's just field services plus marketplace?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Right. On the foreclosures and what CFPB allows you to do starting today, so pre-pandemic, you're saying that the number of pre-pandemic greater than 120 days are around 200,000 to 400,000 mortgages?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Right, which -- so how does that compare to your current volume that you're processing?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : Got it. And then I think 1 other question on Ocwen. Your 1,900-or-so loans -- how do we think of the approximate sort of revenue you get on the loans that you're going to service?

Question: Rajiv Sharma - B. Riley Securities, Inc., Research Division - Analyst : 3% to 5%. Okay.