Premium Title Expands National Footprint by Securing Escrow Licensing in Four New States

Premium Title now provides clients with coverage in Idaho, New Mexico, Oregon and Washington

LUXEMBOURG, April 10, 2018 (GLOBE NEWSWIRE) -- Premium Title, a national provider of title and escrow services, today announced it has secured escrow licensing in Idaho, New Mexico, Oregon and Washington. This additional licensing expands the business’ footprint and allows Premium Title to now provide clients with direct title/settlement services in 45 states plus Washington, D.C.

“We are dedicated to delivering a scalable suite of title and escrow services that help our customers drive efficiency, responsiveness and process controls required in today’s competitive market,” said James Weld, President, Premium Title. “Securing our licenses in these additional states is a milestone for Premium Title. It enables us to provide greater access — on a national scale — to the services customers need to help expedite the closing process and accelerate business growth.”

This announcement comes on the heels of the recent integration Premium Title announced with eClosing technology solutions provider, Pavaso, helping lenders across the country to streamline the mortgage closing process and improve the borrower experience.

About Premium Title^™

Premium Title is a national provider of title and settlement services to the mortgage and real estate industry. Premium Title issues title insurance and performs closings for refinance, reverse mortgage, HELOC transactions, REO and non-default purchase and sale transactions, and bulk single-family purchases and refinances. Our customized solutions integrate directly with leading loan origination software, creating efficiency in the closing process. Premium Title is ALTA Best Practices certified and the only title service provider to hold a #1 rating from Morningstar. Premium Title is part of the Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) family of businesses. For more information, please visit mypremiumtitle.com.

About Altisource^®

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve. Additional information is available at altisource.com.

Source: Altisource Portfolio Solutions S.A.

Investor Contact: Indroneel Chatterjee Chief Financial Officer +352-2469-7988 Indroneel.Chatterjee@altisource.com

Press Contact: Britt E. Gottlieb Senior Manager, Communications 617-728-6118 Britt.Gottlieb@altisource.com