Statebridge Selects Equator as Real Estate Management Platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
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Should l Buy ASPS?
Equator, an Altisource business unit and a leading SaaS platform for residential real estate management, today announced that Statebridge Company, a mortgage servicer specializing in non-agency, GSE portfolios and business purpose loans, has selected Equator as its platform to manage real estate owned operations. "As our inventory increased, we needed a platform that could scale with our business," said Bryce Fendall, VP at Statebridge Company. "We chose Equator because it supports consistent operations across in-house, outsourced, and hybrid models. We also appreciate Equator's continued investment in modernizing the platform, including new AI capabilities that can drive efficiency and deliver stronger portfolio insights."
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About ASPS
Altisource Portfolio Solutions SA is a Luxembourg-based integrated service provider for the real estate and mortgage industries. The Company offers portfolio management and related technology products, asset recovery, and customer relationship management services. It acts as a transaction solutions provider with the electronic payment management software and behavioral science-based analytics for the business processes, vendor, and marketplace participants. It also provides technology and solutions to mortgage servicing and origination clients as well as buyers and sellers of single-family residential real estate (single-family rental (SFR) solution) that helps improve operations, save money, reduce risk, and grow or liquidate portfolios.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conference Call Details: The company will host a conference call at 8:30 a.m. EST on the same day to discuss its quarterly results, requiring investors to register and download necessary audio software at least 15 minutes prior to the call for smooth participation.
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See More
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- Conference Call Details: The company will host a conference call at 8:30 a.m. EST on the same day to discuss its quarterly results, requiring investors to register and download necessary audio software at least 15 minutes prior to the call for smooth participation.
- Replay Availability: A replay of the conference call will be accessible via the company's website approximately two hours after the call concludes and will remain available for about 30 days, allowing investors who missed the live event to catch up on the discussion.
- Company Background: Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries, combining operational excellence with innovative services to meet the demands of the ever-changing markets it serves.
See More
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- Leadership Change: Altisource has appointed Rick Seehausen as President of Lenders One, where he will oversee the strategic direction and daily operations of the Origination segment, aiming to enhance member competitiveness through integrated solutions and drive long-term company growth.
- Market Positioning Enhancement: Seehausen will focus on strengthening Lenders One's value proposition, expanding membership, and launching new solutions to address the evolving needs of mortgage lenders, thereby increasing market share.
- Extensive Industry Experience: With over 30 years in mortgage banking, capital markets, and corporate leadership, Seehausen has held senior roles at Cherry Creek Mortgage as President and COO, showcasing strong team-building and operational management skills.
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See More
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- Operational Efficiency: Equator provides an end-to-end residential asset management solution that connects servicers, investors, and real estate agents through an integrated platform, aimed at reducing operating costs and improving portfolio performance.
- Technological Investment: Equator's ongoing investment in modernizing the platform, including new AI capabilities, aims to enhance efficiency and deliver stronger portfolio insights, demonstrating its commitment to technological innovation.
- Market Adaptability: The flexibility of Equator supports consistent operations across in-house, outsourced, and hybrid models, meeting servicers' needs for rapid scaling and adaptation to market demands, thereby strengthening its position in a competitive landscape.
See More
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- Extensive Experience: With over 20 years in public company accounting and SEC reporting, Michele previously served as Chief Accounting Officer at Coursera, where she drove operational excellence and cost efficiencies, showcasing her ability to lead through complexity.
- Strategic Importance: Her appointment is seen as a pivotal step for Sprinklr to strengthen its financial functions during its transformation journey, expected to support long-term success through process optimization and team building.
- Industry Impact: Sprinklr's Unified Customer Experience Management platform is utilized by over 1,900 enterprises, including Microsoft and P&G, and Michele's leadership is anticipated to further enhance the company's competitiveness in a rapidly evolving market.
See More
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- Membership Expansion: In Q3 2025, Lenders One Cooperative added 12 total members, with 5 already utilizing L1 Credit and L1 Verification services, indicating strong demand that is likely to drive future revenue growth.
- Increased Market Demand: With anticipated industry price increases in 2026, adoption rates for L1 Credit and L1 Verification services among Lenders One members are expected to rise, helping them navigate margin pressures and operational complexities, thereby enhancing overall business efficiency.
- Strategic Positioning: Altisource's mission to help members maximize revenue, reduce costs, and improve decision-making is gaining recognition in the market, which will further enhance the company's influence in the mortgage industry.
See More
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- Strong Sales Momentum: Altisource has achieved significant sales growth in its Origination Solutions business by signing contracts with six U.S. mortgage lenders to provide L1 Verification and L1 Credit services, with revenue from these new clients expected to ramp up fully in Q1 2026, thereby solidifying the company's market position.
- Membership Expansion: In Q3 2025, Lenders One Cooperative added 12 total members, with 5 already utilizing L1 Credit and L1 Verification services, which not only enhances the cooperative's market influence but also presents potential revenue growth opportunities for Altisource.
- Increased Market Demand: Anticipated price increases in 2026 for industry services are expected to drive higher adoption of L1 Credit and L1 Verification services among Lenders One members, helping lenders navigate margin pressures and improve operational efficiency, thus enhancing Altisource's competitive edge.
- Strategic Positioning: Altisource's mission to help members maximize revenue, reduce costs, and improve decision-making is gaining recognition in the market, which will further strengthen the company's strategic position in the mortgage industry and attract more clients to join.
See More
