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Press release from Business Wire

Priceweaver Becomes Newest Lenders One® Preferred Provider

<p class='bwalignc'> <i>Mortgage cooperative selects product and pricing engine (PPE) to enhance members' product selection and pricing options</i> </p>

Thursday, March 01, 2012

Priceweaver Becomes Newest Lenders One® Preferred Provider11:24 EST Thursday, March 01, 2012 ST. LOUIS (Business Wire) -- Lenders One Mortgage Cooperative, a national alliance of community mortgage bankers, correspondent lenders and suppliers of mortgage products and services, announced that Priceweaver has become its newest preferred provider. Lenders One members now have access, at a discounted rate, to one of the industry's most flexible and customizable product and pricing engines to help them effectively match borrowers with loan products that meet their needs. “We wanted to work with Lenders One because of its reputation for supporting preferred providers, while providing the best tools to its members,” said Mark Ramirez, president of Priceweaver. Under the agreement, Lenders One members will have access to Priceweaver's web-based flagship product, LenderHub. LenderHub provides pricing tools to both the secondary marketing professional as well as the originator - enabling a more collaborative approach to origination. The product is scalable for use by lenders of all sizes making it an ideal solution for Lenders One, which has more than 200 member companies. Scott Stern, CEO of Lenders One said “Priceweaver's approach to automating product selection and pricing gives our members the control and flexibility they need to offer optimal products to their customers.” About Priceweaver Founded in 2008 and based in Rancho Santa Margarita, California, Priceweaver, Inc. offers a next generation product and pricing (PPE), rate sheet automation and business rule configuration tool that is made available via the software-as-a-service (SaaS) delivery model. Through Priceweaver's unique approach to product and pricing automation, the company engineered a highly flexible and contemporary Web-based platform that puts lenders in control of easily managing all business channels, loan programs, rate pages, profits, adjustments and guidelines. Priceweaver's flagship product, LenderHub, is built from the inside out to provide newfound profitability management for use by secondary marketing professionals and other back office staff. The company's solution is utilized by lending organizations of all sizes. For more information, visit About Lenders One Mortgage Cooperative Lenders One ( was established in 2000 as a national alliance of mortgage bankers, correspondent lenders and suppliers of mortgage products and services. The St. Louis-based company originated $90 billion in mortgages in 2010 and is ranked as one of the largest retail mortgage originators in the U.S. Its mortgage productivity system additionally allows members to close more loans, satisfy continuing education requirements and market themselves more powerfully. Lenders One, now more than 200 lender members strong, is a subsidiary of Altisource Portfolio Solutions S.A. 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 Lenders OneInvestor Contact:William B. Shepro, +352 2469 7901Chief Executive OfficerWilliam.Shepro@Altisource.luorPress Contact:Kristi Kovalak, 314-292-7937Director of Marketing, Lenders