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Press release from Business Wire

Hubzu Expands Sales Team to Meet Rising Demand for Direct to Broker Program

<p class='bwalignc'> <i>Changes to enhance support for residential real estate professionals nationwide</i> </p>

Wednesday, July 10, 2013

Hubzu Expands Sales Team to Meet Rising Demand for Direct to Broker Program

15:52 EDT Wednesday, July 10, 2013

LUXEMBOURG (Business Wire) -- Hubzu, a leading online residential real estate marketplace, announced today that Philip P. Felice has joined as the National Sales Director for the Direct to Broker business. In addition, Hubzu has appointed Jonathan E. Dees and Laurence J. Tamkin as Regional Sales Managers.

Philip P. Felice

In the newly created role of National Sales Director, Mr. Felice will lead and oversee the sales strategy for Hubzu's Direct to Broker Program. Mr. Felice has over 10 years of real estate management and business development experience. He joins Hubzu from Better Homes and Gardens® Real Estate, where he served as Managing Vice President.

Jonathan E. Dees

As head of southeast regional sales, Mr. Dees brings significant experience working within real estate, banking and mortgage services to his role. Most recently, Mr. Dees served as the Buyer Referral Manager at Hubzu, where he oversaw a national network of agents and played a key role in the launch of Hubzu's Direct to Broker Program.

Laurence J. Tamkin

Mr. Tamkin has joined Hubzu to lead northeast regional sales. He brings over 20 years of real estate, technology and online marketing experience, which includes founding and leading an online real estate agency. Prior to joining Hubzu, Mr. Tamkin was the Principal Broker at Boston Real Estate and Investments.

“The value of our model has proven itself and continuing to broaden our Direct to Broker program throughout the U.S. is crucial. I am convinced that someone of Mr. Felice's caliber will significantly contribute towards achieving our goal of providing a rich technology solution for real estate agents and brokers,” said Eric Eckardt, Vice President, Direct to Broker. “It is also clear that by employing an integrated, multi-channel approach, we can fully leverage the capabilities of Mr. Dees, Mr. Tamkin and our newly aligned sales team, to better serve the business as a whole,” added Eckardt.

For more information, please visit hubzu.com.

About Hubzu ®

Hubzu is an online residential real estate marketplace that makes it easy for consumers, investors and brokers to buy and sell homes. From start to finish, Hubzu provides an entirely online experience – from searching and bidding to financing and closing. Hubzu is a trademark of Altisource Solutions, S.à r.l. Hubzu is part of the Altisource Portfolio Solutions S.A. family of businesses. Additional information is available at www.hubzu.com.

About Altisource ®

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a global 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 www.altisource.com.

Altisource and Hubzu are registered trademarks of Altisource Solutions S.à r.l.

Investor Contact:
Hubzu
Michelle D. Esterman
Chief Financial Officer
+352 2469 7950
Michelle.Esterman@Altisource.lu
or
Press Contact:
Altisource
Jennifer J. Grigas
Senior Manager
+1 770 612 7001
Jennifer.Grigas@Hubzu.com

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