Altisource Portfolio Solutions (ASPS) 10-Q 28 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 22, 2016
Document and Entity Information
Entity Registrant Name	Altisource Portfolio Solutions S.A.
Entity Central Index Key	1,462,418
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		18,479,374
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 159,705	$ 179,327
Available for sale securities	30,417	0
Accounts receivable, net	97,645	105,023
Prepaid expenses and other current assets	26,721	21,751
Total current assets	314,488	306,101
Premises and equipment, net	116,937	119,121
Goodwill	82,801	82,801
Intangible assets, net	184,792	197,003
Deferred tax assets, net	3,330	3,619
Other assets	13,246	13,153
Total assets	715,594	721,798
Current liabilities:
Accounts payable and accrued expenses	80,768	91,871
Current portion of long-term debt	5,945	5,945
Deferred revenue	12,634	15,060
Other current liabilities	18,276	16,266
Total current liabilities	117,623	129,142
Long-term debt, less current portion	521,185	522,233
Other non-current liabilities	$ 14,821	$ 18,153
Commitments, contingencies and regulatory matters (Note 22)
Equity:
Common stock ($1.00 par value; 25,413 shares authorized and issued and 18,603 outstanding as of March 31, 2016; 25,413 shares authorized and issued and 19,021 outstanding as of December 31, 2015)	$ 25,413	$ 25,413
Additional paid-in capital	98,198	96,321
Retained earnings	385,452	369,270
Accumulated other comprehensive income	699	0
Treasury stock, at cost (6,810 shares as of March 31, 2016 and 6,392 shares as of December 31, 2015)	(449,039)	(440,026)
Altisource equity	60,723	50,978
Non-controlling interests	1,242	1,292
Total equity	61,965	52,270
Total liabilities and equity	$ 715,594	$ 721,798

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	25,413,000	25,413,000
Common stock, shares issued (in shares)	25,413,000	25,413,000
Common stock, shares outstanding (in shares)	18,603,000	19,021,000
Treasury stock, shares (in shares)	6,810,000	6,392,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue	$ 250,132	$ 240,482
Cost of revenue	168,863	172,826
Gross profit	81,269	67,656
Selling, general and administrative expenses	53,616	52,406
Income from operations	27,653	15,250
Other income (expense), net:
Interest expense	(6,541)	(7,160)
Other than temporary impairment loss on securities	0	(3,285)
Other income (expense), net	(27)	3
Total other income (expense), net	(6,568)	(10,442)
Income before income taxes and non-controlling interests	21,085	4,808
Income tax provision	(2,193)	(400)
Net income	18,892	4,408
Net income attributable to non-controlling interests	(398)	(710)
Net income attributable to Altisource	$ 18,494	$ 3,698
Earnings per share:
Basic (in usd per share)	$ 0.98	$ 0.18
Diluted (in usd per share)	$ 0.92	$ 0.18
Weighted average shares outstanding:
Basic (in shares)	18,855	20,172
Diluted (in shares)	20,040	20,995
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized gain on securities, net of income tax expense of $289 and $0	$ 699	$ 0
Comprehensive income, net of tax	19,591	4,408
Comprehensive income attributable to non-controlling interests	(398)	(710)
Comprehensive income attributable to Altisource	$ 19,193	$ 3,698

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Income tax expense on securities	$ 289	$ 0

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive income	Treasury stock, at cost	Non-controlling interests
Balance at Dec. 31, 2014	$ 41,443	$ 25,413	$ 91,509	$ 367,967		$ (444,495)	$ 1,049
Balance (in shares) at Dec. 31, 2014		25,413
Increase (Decrease) in Equity
Net income	4,408			3,698			710
Other comprehensive income, net of tax	0				$ 0
Distributions to non-controlling interest holders	(657)						(657)
Share-based compensation expense	443		443
Exercise of stock options	203			(1,701)		1,904
Repurchase of shares	(3,959)					(3,959)
Balance at Mar. 31, 2015	41,881	$ 25,413	91,952	369,964	0	(446,550)	1,102
Balance (in shares) at Mar. 31, 2015		25,413
Balance at Dec. 31, 2015	52,270	$ 25,413	96,321	369,270		(440,026)	1,292
Balance (in shares) at Dec. 31, 2015		25,413
Increase (Decrease) in Equity
Net income	18,892			18,494			398
Other comprehensive income, net of tax	699				699
Distributions to non-controlling interest holders	(448)						(448)
Share-based compensation expense	1,877		1,877
Exercise of stock options	366			(2,312)		2,678
Repurchase of shares	(11,691)					(11,691)
Balance at Mar. 31, 2016	$ 61,965	$ 25,413	$ 98,198	$ 385,452	$ 699	$ (449,039)	$ 1,242
Balance (in shares) at Mar. 31, 2016		25,413

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 18,892	$ 4,408
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	9,208	8,826
Amortization of intangible assets	12,211	8,891
Other than temporary impairment loss on HLSS securities	0	3,285
Change in the fair value of acquisition related contingent consideration	96	148
Share-based compensation expense	1,877	443
Bad debt expense	876	607
Amortization of debt discount	116	127
Amortization of debt issuance costs	322	351
Deferred income taxes	0	(24)
Gain on disposal of fixed assets	(10)	(19)
Changes in operating assets and liabilities:
Accounts receivable	6,502	(15,140)
Prepaid expenses and other current assets	(4,970)	2,413
Other assets	(109)	127
Accounts payable and accrued expenses	(12,133)	(27,559)
Other current and non-current liabilities	(3,844)	(2,822)
Net cash provided by (used in) operating activities	29,034	(15,938)
Cash flows from investing activities:
Additions to premises and equipment	(5,984)	(3,931)
Purchase of available for sale securities	(29,429)	(29,966)
Other investing activities	16	(4)
Net cash used in investing activities	(35,397)	(33,901)
Cash flows from financing activities:
Repayment of long-term debt	(1,486)	(1,486)
Proceeds from stock option exercises	366	203
Purchase of treasury stock	(11,691)	(3,959)
Distributions to non-controlling interests	(448)	(657)
Net cash used in financing activities	(13,259)	(5,899)
Net decrease in cash and cash equivalents	(19,622)	(55,738)
Cash and cash equivalents at the beginning of the period	179,327	161,361
Cash and cash equivalents at the end of the period	159,705	105,623
Supplemental cash flow information:
Interest paid	6,104	6,655
Income taxes paid, net	3,830	1,520
Non-cash investing and financing activities:
Increase (decrease) in payables for purchases of premises and equipment	$ 1,030	$ (3,638)

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Description of Business Altisource Portfolio Solutions S.A., together with its subsidiaries (which may be referred to as “Altisource,” the “Company,” “we,” “us” or “our”), is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. Altisource’s proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. We are incorporated under the laws of Luxembourg and are publicly traded on the NASDAQ Global Select Market under the symbol “ASPS.” We conduct our operations through three reportable segments: Mortgage Services, Financial Services and Technology Services. In addition, we report our corporate related expenditures and eliminations separately (see Note 23 for a description of our business segments). Basis of Accounting and Presentation The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, these financial statements do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, the interim data includes all normal recurring adjustments considered necessary to fairly state the results for the interim periods presented. The preparation of interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our interim condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Intercompany transactions and accounts have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation. Altisource consolidates three cooperative entities which are managed by the Mortgage Partnership of America, L.L.C. (“MPA”), a wholly-owned subsidiary of Altisource, Best Partners Mortgage Cooperative, Inc., doing business as the Lenders One ® mortgage cooperative (“Lenders One”), Best Partners Mortgage Brokers Cooperative, Inc., doing business as the Wholesale One ® mortgage cooperative (“Wholesale One”) and Best Partners Residential Investor Cooperative, Inc., doing business as the Residential Investor One™ cooperative (“Residential Investor One”). MPA provides services to Lenders One under a management agreement that ends on December 31, 2025 and to Wholesale One and Residential Investor One under management agreements that end on July 8, 2039 (with automatic renewals for three successive five-year periods) and March 12, 2040 (with automatic renewals for three successive five-year periods), respectively. The management agreements between MPA and Lenders One, Wholesale One and Residential Investor One, pursuant to which MPA is the management company, represent variable interests in variable interest entities. MPA is the primary beneficiary of Lenders One, Wholesale One and Residential Investor One as it has the power to direct the activities that most significantly impact each of these cooperatives’ economic performance and the right to receive benefits from each of these cooperatives. As a result, Lenders One, Wholesale One and Residential Investor One are presented in the accompanying condensed consolidated financial statements on a consolidated basis with the interests of the members reflected as non-controlling interests. As of March 31, 2016 , Lenders One had total assets of $2.1 million and total liabilities of $1.0 million . As of December 31, 2015 , Lenders One had total assets of $4.9 million and total liabilities of $3.7 million . As of March 31, 2016 and December 31, 2015 , Wholesale One and Residential Investor One each had less than $0.1 million in total assets and less than $0.1 million in total liabilities. These interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the SEC on March 15, 2016. Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs used in the methodologies of measuring fair value for assets and liabilities, is as follows: Level 1 — Quoted prices in active markets for identical assets and liabilities Level 2 — Observable inputs other than quoted prices included in Level 1 Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of assets or liabilities. Financial assets and financial liabilities are classified based on the lowest level of input that is significant to the fair value measurements. Our assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy. Recently Adopted Accounting Pronouncements On January 1, 2016, Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, became effective. As a result of this accounting change, the Company now presents debt issuance costs, net as a direct deduction from the related debt (see Note 12). Prior to January 1, 2016, debt issuance costs, net were included in other assets. We adopted the standard retrospectively; accordingly, prior period amounts were reclassified to conform to the current presentation. Future Adoption of New Accounting Pronouncements In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) . This standard establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The core principle of the new standard is an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, in response to stakeholders’ requests to defer the effective date of ASU 2014-09 and in consideration of feedback received through extensive outreach with preparers, practitioners and users of financial statements, the FASB deferred the effective date for all entities by one year. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . This standard will require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The standard also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. It also amends certain financial statement presentation and disclosure requirements associated with the fair value of financial instruments. This standard will be effective for annual periods beginning after December 31, 2017, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . This new standard introduces a new lessee model that brings substantially all leases on the balance sheet. The standard will require companies to recognize lease assets and lease liabilities on their balance sheets and disclose key information about leasing arrangements in their financial statements. This standard will be effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . This new standard clarifies guidance on principal versus agent considerations in connection with revenue recognition. When another party is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide the specified good or service itself (that is, the entity is a principal) or to arrange for that good or service to be provided by the other party (that is, the entity is an agent). An entity is a principal if it controls the specified good or service before that good or service is transferred to a customer. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customer. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . This new standard simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The standard will require companies to recognize all award-related excess tax benefits and tax deficiencies in their income statements, classify any excess tax benefits as an operating activity in their statements of cash flows, provide companies with the option of estimating forfeitures or recognizing forfeitures as they occur, modify the statutory tax withholding requirements and classify cash paid by employers when directly withholding shares for tax withholding purposes as an investing activity in their statements of cash flows. This standard will be effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In April 2016, FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing . This new standard provides guidance on identifying performance obligations in a contract with a customer and clarifying several licensing considerations, including whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time) and guidance on sales-based and usage-based royalties. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position.

CUSTOMER CONCENTRATION

CUSTOMER CONCENTRATION	3 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Customer Concentration	CUSTOMER CONCENTRATION Ocwen Financial Corporation together with its subsidiaries (“Ocwen”) is our largest customer. Ocwen purchases certain mortgage services and technology services from us under the terms of master services agreements and amendments to master services agreements (collectively, the “Service Agreements”) with terms extending through August 2025. Certain of the Service Agreements, among other things, contain a “most favored nation” provision and the parties to the Service Agreements have the right to renegotiate pricing. Certain agreements also prohibit Ocwen from establishing fee-based businesses that would directly or indirectly compete with Altisource’s services with respect to the Homeward Residential, Inc. and Residential Capital, LLC portfolios. In addition, Ocwen purchases certain origination services from Altisource under an agreement that extends through January 2017. Revenue from Ocwen primarily consists of revenue earned directly from Ocwen and revenue earned from the loans serviced by Ocwen when Ocwen designates us as the service provider. Revenue from Ocwen as a percentage of segment and consolidated revenue was as follows for the three months ended March 31 : 2016 2015 Mortgage Services 60 % 63 % Financial Services 14 % 25 % Technology Services 45 % 47 % Consolidated revenue 56 % 59 % For the three months ended March 31, 2016 and 2015 , we generated revenue from Ocwen of $140.1 million and $141.4 million , respectively. Services provided to Ocwen during such periods and reported in the Mortgage Services segment included real estate asset management and sales, residential property valuation, trustee management services, property inspection and preservation and insurance services. Services provided to Ocwen and reported in the Financial Services segment included mortgage charge-off collections. Services provided to Ocwen and reported in the Technology Services segment included information technology infrastructure management and software applications. As of March 31, 2016 , accounts receivable from Ocwen totaled $29.1 million , $16.5 million of which was billed and $12.7 million of which was unbilled. As of December 31, 2015, accounts receivable from Ocwen totaled $38.2 million , $20.4 million of which was billed and $17.8 million of which was unbilled. We earn additional revenue related to the portfolios serviced by Ocwen when a party other than Ocwen selects Altisource as the service provider. For the three months ended March 31, 2016 and 2015 , we recognized revenue of $46.6 million and $53.5 million , respectively, related to the portfolios serviced by Ocwen when a party other than Ocwen selected Altisource as the service provider. These amounts are not included in deriving revenue from Ocwen as a percentage of revenue in the table above.

TRANSACTIONS WITH RELATED PARTI

TRANSACTIONS WITH RELATED PARTIES	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
TRANSACTIONS WITH RELATED PARTIES	TRANSACTIONS WITH RELATED PARTIES Through January 16, 2015, William C. Erbey served as our Chairman as well as the Executive Chairman of Ocwen and Chairman of each of Home Loan Servicing Solutions, Ltd. (“HLSS”), Altisource Residential Corporation (“Residential”) and Altisource Asset Management Corporation (“AAMC”). Effective January 16, 2015, Mr. Erbey stepped down as the Executive Chairman of Ocwen and Chairman of each of Altisource, HLSS, Residential and AAMC and is no longer a member of the Board of Directors for any of these companies. Consequently, these companies are no longer related parties of Altisource, as defined by FASB ASC Topic 850, Related Party Disclosures . The disclosures in this note are limited to the periods that each of Ocwen, HLSS, Residential and AAMC were related parties of Altisource and are not necessarily reflective of current activities with these former related parties. Ocwen Revenue For the period from January 1, 2015 through January 16, 2015, we estimated that we generated revenue from Ocwen of $22.9 million . Services provided to Ocwen during such periods included real estate asset management and sales, residential property valuation, trustee management services, property inspection and preservation, insurance services, charge-off mortgage collections, information technology infrastructure management and software applications. We record revenue we earn from Ocwen under the Service Agreements at rates we believe to be comparable market rates as we believe they are consistent with the fees we charge to other customers and/or fees charged by our competitors for comparable services. Cost of Revenue and Selling, General and Administrative Expenses At times, we have used Ocwen’s contractors and/or employees to support Altisource related services. Ocwen generally billed us for these contractors and/or employees based on their fully-allocated cost. Additionally, through March 31, 2015, we purchased certain data relating to Ocwen’s servicing portfolio in connection with a Data Access and Services Agreement. Based upon our previously provided notice, the Data Access and Services Agreement was terminated effective March 31, 2015. For the period from January 1, 2015 through January 16, 2015, we estimated that we incurred $1.9 million of expenses related to these items. These amounts are reflected as a component of cost of revenue in the condensed consolidated statements of operations and comprehensive income. We provided certain other services to Ocwen and Ocwen provided certain other services to us in connection with Support Services Agreements. These services primarily included such areas as vendor management, corporate services and facilities related services. Billings for these services were generally based on the fully-allocated cost of providing the service based on an estimate of the time and expense of providing the service or estimates thereof. Of the January 2015 billings to Ocwen, we estimated that $0.1 million related to the period from January 1, 2015 through January 16, 2015. Of the January 2015 billings from Ocwen, we estimated that $0.3 million related to the period from January 1, 2015 through January 16, 2015. These amounts are reflected as a component of selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive income. HLSS Prior to April 2015, HLSS was a publicly traded company whose primary objective was the acquisition of mortgage servicing rights and related servicing advances, loans held for investment and other residential mortgage related assets. We provided HLSS certain finance, human resources, tax and facilities services and sold information technology services to HLSS under a support services agreement. For the period from January 1, 2015 through January 16, 2015, our billings to HLSS were immaterial. Residential and AAMC Residential is focused on acquiring and managing single family rental properties throughout the United States. AAMC’s primary business is to provide portfolio management and corporate governance services to investment vehicles that own real estate assets. Currently, AAMC’s primary client is Residential. We have agreements, which extend through 2027, to provide Residential with renovation management, lease management, property management, real estate owned asset management, title insurance, settlement and valuation services. In addition, we have agreements with Residential and AAMC pursuant to which we may provide services such as finance, human resources, facilities, technology and insurance risk management. Further, we have separate agreements for certain services related to income tax matters, trademark licenses and technology products and services. For the period from January 1, 2015 through January 16, 2015, we estimated that we generated revenue from Residential of $1.0 million . This amount is reflected in revenue in the condensed consolidated statements of operations and comprehensive income. This excludes revenue from services we provide to Residential’s loans serviced by Ocwen or other loan servicers where we were retained by Ocwen or Residential’s other loan servicers. For the period from January 1, 2015 through January 16, 2015, our billings to AAMC were immaterial.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS RentRange, Investability and Onit Solutions Acquisitions On October 9, 2015, we acquired GoldenGator, LLC (doing business as RentRange ® ) (“RentRange”), REIsmart, LLC (doing business as Investability ™ ) (“Investability”) and Onit Solutions, LLC, a support company for RentRange and Investability (collectively “RentRange and Investability”). RentRange is a leading provider of rental home data and information to the financial services and real estate industries, delivering a wide assortment of address and geography level data, analytics, and rent-based valuation solutions for single and multi-family properties. Investability is an online residential real estate search and acquisition platform that utilizes data and analytics to allow real estate investors to access the estimated cash flow, capitalization rate, net yield and market value of properties for sale in the United States. The purchase price of $24.8 million was composed of $17.5 million in cash and 247 thousand shares of restricted common stock of the Company with a value of $7.3 million as of the closing date. Upon issuance, the restricted stock is subject to transfer restrictions and potential forfeiture provisions. These restrictions and forfeiture provisions will lapse over a four year period, subject to the recipients meeting certain continued employment conditions with the Company and the satisfaction of certain acquisition related escrow release conditions. RentRange and Investability are not material in relation to the Company’s results of operations or financial position. The preliminary allocation of the purchase price is as follows: (in thousands) Cash $ 3 Accounts receivable, net 245 Premises and equipment, net 1,206 Other assets 199 Software 1,265 Trademarks and trade names 1,205 Databases/other 910 Non-compete agreements 330 Customer relationships 255 Goodwill 19,565 25,183 Accounts payable and accrued expenses (391 ) Purchase price $ 24,792 CastleLine Acquisition On July 17, 2015, we acquired CastleLine Holdings, LLC and its subsidiaries (“CastleLine”), a specialty risk management and insurance services firm. CastleLine provides financial products and services to parties involved in the origination, underwriting, purchase and securitization of residential mortgages. The purchase consideration was composed of $12.3 million of cash at closing, $10.5 million of cash payable over four years from the acquisition date and 495 thousand shares of restricted common stock of the Company with a value of $14.4 million as of the closing date. Of the cash payable following acquisition, $3.8 million is contingent on certain future employment conditions of certain of the sellers, and therefore excluded from the purchase price. The CastleLine acquisition is not material in relation to the Company’s results of operations or financial position. The preliminary allocation of the purchase price is as follows: (in thousands) Cash $ 1,088 Accounts receivable, net 510 Prepaid expenses 66 Restricted cash 2,501 Non-compete agreements 1,105 Databases/other 465 Customer relationships 395 Trademarks and trade names 150 Goodwill 28,125 34,405 Accounts payable and accrued expenses (875 ) Deferred revenue (87 ) Purchase price $ 33,443

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair Value Measurements on a Recurring Basis In accordance with ASC Topic 805, Business Combinations , liabilities for contingent consideration are reflected at fair value and adjusted each reporting period with the change in fair value recognized in earnings. Liabilities for acquisition related contingent consideration were recorded in connection with the acquisitions of certain assets and assumed certain liabilities of Mortgage Builder Software, Inc. and Owners Advantage, LLC in 2014. The total fair value of the liabilities for acquisition related contingent consideration was $4.0 million and $3.9 million as of March 31, 2016 and December 31, 2015 , respectively. We measure the liabilities for acquisition related contingent consideration using Level 3 inputs as they are determined based on the present value of future estimated payments, which include sensitivities pertaining to discount rates and financial projections. Available for sale securities are carried at fair value and consist of 2.5 million shares of Residential common stock as of March 31, 2016 ( no comparative amount as of December 31, 2015 ). As of March 31, 2016 , the fair value of available for sale securities was $30.4 million ( no comparative amount as of December 31, 2015 ). Available for sale securities are measured using Level 1 inputs as these securities have quoted prices in active markets. There were no transfers between different levels during the periods presented. Fair Value of Financial Instruments The following table presents the carrying amount and estimated fair value of financial instruments held by the Company as of March 31, 2016 and December 31, 2015 . The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP are as follows: March 31, 2016 December 31, 2015 (in thousands) Carrying amount Fair value Carrying amount Fair value Level 1 Level 2 Level 1 Level 2 Cash and cash equivalents $ 159,705 $ 159,705 $ — $ 179,327 $ 179,327 $ — Restricted cash 4,780 4,780 — 4,801 4,801 — Long-term debt 535,112 — 476,250 536,598 — 469,523 Our financial assets and financial liabilities primarily include cash and cash equivalents, restricted cash and long-term debt. Cash and cash equivalents and restricted cash are carried at amounts that approximate their fair value due to the short-term nature of these instruments and were measured using Level 1 inputs. The fair value of our long-term debt is based on quoted market prices. Based on the frequency of trading, we do not believe that there is an active market for our debt. Therefore, the quoted prices are considered Level 2 inputs.

AVAILABLE FOR SALE SECURITIES

AVAILABLE FOR SALE SECURITIES	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
AVAILABLE FOR SALE SECURITIES	AVAILABLE FOR SALE SECURITIES During the three months ended March 31, 2016 , we purchased 2.5 million shares of Residential common stock for $29.4 million in the open market. This investment is classified as available for sale and reflected in the condensed consolidated balance sheets at fair value at the balance sheet date ( $30.4 million as of March 31, 2016 ) ( no comparative amount as of December 31, 2015 ). Unrealized gains and losses on available for sale securities are reflected in other comprehensive income, unless there is an impairment that is other than temporary. In the event that a decline in market value is other than temporary, we would record a charge to earnings and a new cost basis in the investment would be established.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	ACCOUNTS RECEIVABLE, NET Accounts receivable, net consists of the following: (in thousands) March 31, December 31, Billed $ 63,950 $ 67,021 Unbilled 53,026 56,458 116,976 123,479 Less: allowance for doubtful accounts (19,331 ) (18,456 ) Total $ 97,645 $ 105,023 Unbilled receivables consist primarily of certain asset management and default management services for which we generally recognize revenues over the service delivery period but bill following completion of the service. We also include in unbilled receivables amounts that are earned during a month and billed in the following month.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	3 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following: (in thousands) March 31, December 31, Maintenance agreements, current portion $ 8,230 $ 7,000 Income taxes receivable 1,942 633 Prepaid expenses 7,768 7,873 Other current assets 8,781 6,245 Total $ 26,721 $ 21,751

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT, NET	PREMISES AND EQUIPMENT, NET Premises and equipment, net consists of the following: (in thousands) March 31, December 31, Computer hardware and software $ 180,405 $ 177,010 Office equipment and other 23,374 21,720 Furniture and fixtures 14,780 14,443 Leasehold improvements 36,362 35,503 254,921 248,676 Less: accumulated depreciation and amortization (137,984 ) (129,555 ) Total $ 116,937 $ 119,121 Depreciation and amortization expense amounted to $9.2 million and $8.8 million for the three months ended March 31, 2016 and 2015 , respectively, and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the accompanying condensed consolidated statements of operations and comprehensive income.

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	GOODWILL AND INTANGIBLE ASSETS, NET Goodwill The following is a summary of goodwill by segment: (in thousands) Mortgage Services Financial Services Technology Services Total Balance as of March 31, 2016 and December 31, 2015 $ 80,423 $ 2,378 $ — $ 82,801 Intangible Assets, net Intangible assets, net consist of the following: Weighted useful life (in years) Gross carrying amount Accumulated amortization Net book value (in thousands) March 31, December 31, March 31, December 31, March 31, December 31, Definite lived intangible assets: Trademarks and trade names 13 $ 15,244 $ 15,244 $ (6,822 ) $ (6,491 ) $ 8,422 $ 8,753 Customer related intangible assets 10 274,428 274,428 (124,881 ) (113,725 ) 149,547 160,703 Operating agreement 20 35,000 35,000 (10,792 ) (10,354 ) 24,208 24,646 Non-compete agreements 4 1,435 1,435 (219 ) (115 ) 1,216 1,320 Intellectual property 10 300 300 (63 ) (55 ) 237 245 Other intangible assets 5 1,375 1,375 (213 ) (39 ) 1,162 1,336 Total $ 327,782 $ 327,782 $ (142,990 ) $ (130,779 ) $ 184,792 $ 197,003 Amortization expense for definite lived intangible assets was $12.2 million and $8.9 million for the three months ended March 31, 2016 and 2015 , respectively . Expected annual definite lived intangible asset amortization for 2016 through 2020 is $35.7 million , $26.7 million , $23.6 million , $21.4 million and $19.5 million , respectively.

OTHER ASSETS

OTHER ASSETS	3 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consist of the following: (in thousands) March 31, December 31, Security deposits $ 5,561 $ 5,341 Maintenance agreements, non-current portion 1,713 1,570 Restricted cash 4,780 4,801 Other 1,192 1,441 Total $ 13,246 $ 13,153

ACCOUNTS PAYABLE, ACCRUED EXPEN

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accounts payable and accrued expenses consist of the following: (in thousands) March 31, December 31, Accounts payable $ 16,961 $ 11,644 Accrued expenses - general 28,623 30,347 Accrued salaries and benefits 30,792 46,564 Income taxes payable 4,392 3,316 Total $ 80,768 $ 91,871 Other current liabilities consist of the following: (in thousands) March 31, December 31, Unfunded cash account balances $ 6,533 $ 6,395 Other 11,743 9,871 Total $ 18,276 $ 16,266

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of the following: (in thousands) March 31, December 31, Senior secured term loan $ 535,112 $ 536,598 Less: debt issuance costs, net (5,862 ) (6,184 ) Less: unamortized discount, net (2,120 ) (2,236 ) Net long-term debt 527,130 528,178 Less: current portion (5,945 ) (5,945 ) Long-term debt, less current portion $ 521,185 $ 522,233 On November 27, 2012, Altisource Solutions S.à r.l., a wholly-owned subsidiary of Altisource Portfolio Solutions S.A., entered into a senior secured term loan agreement with Bank of America, N.A., as administrative agent, and certain lenders. Altisource Portfolio Solutions S.A. and certain wholly-owned subsidiaries are guarantors of the term loan (collectively, the “Guarantors”). We subsequently amended the senior secured term loan agreement to increase the principal amount of the senior secured term loan and, among other changes, re-establish the $200.0 million incremental term loan facility accordion, lower the interest rate, extend the maturity date by approximately one year and increase the maximum amount of Restricted Junior Payments (as defined in the senior secured term loan agreement; other capitalized terms, unless defined herein, are defined in the senior secured term loan agreement). After giving effect to the third amendment entered into on August 1, 2014, the term loan must be repaid in equal consecutive quarterly principal installments of $1.5 million , which commenced on September 30, 2014, with the balance due at maturity. All amounts outstanding under the senior secured term loan agreement will become due on the earlier of (i) December 9, 2020 and (ii) the date on which the loans are declared to be due and owing by the administrative agent at the request (or with the consent) of the Required Lenders or as otherwise provided in the loan agreement upon the occurrence of any event of default under the senior secured term loan agreement. In addition to the scheduled principal payments, subject to certain exceptions, the term loan is subject to mandatory prepayment upon issuances of debt, casualty and condemnation events and sales of assets, as well as from a percentage of Consolidated Excess Cash Flow if the leverage ratio is greater than 3.00 to 1.00 , as calculated in accordance with the provisions of the senior secured term loan (the percentage increases if the leverage ratio exceeds 3.50 to 1.00). No mandatory prepayments were owed for the three months ended March 31, 2016 . In April 2016, we repurchased a portion of our senior secured term loan with a par value of $28.0 million at a 13.1% discount. After the April 2016 repurchase, net long-term debt was $499.5 million . The early extinguishment of a portion of the debt will be recorded in the second quarter of 2016. The term loan bears interest at rates based upon, at our option, the Adjusted Eurodollar Rate or the Base Rate . Adjusted Eurodollar Rate loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Adjusted Eurodollar Rate for the applicable interest period and (y) 1.00% plus (ii) a 3.50% margin. Base Rate loans bear interest at a rate per annum equal to the sum of (i) the greater of (x) the Base Rate and (y) 2.00% plus (ii) a 2.50% margin. The interest rate at March 31, 2016 was 4.50% . Term loan payments are guaranteed by the Guarantors and are secured by a pledge of all equity interests of certain subsidiaries as well as a lien on substantially all of the assets of Altisource Solutions S.à r.l. and the Guarantors, subject to certain exceptions. The senior secured term loan agreement includes covenants that restrict or limit, among other things, our ability to: create liens and encumbrances; incur additional indebtedness; sell, transfer or dispose of assets; make Restricted Junior Payments including share repurchases, dividends and repayment of junior indebtedness; change lines of business; amend material debt agreements or other material contracts; engage in certain transactions with affiliates; enter into sale/leaseback transactions; grant negative pledges or agree to such other restrictions relating to subsidiary dividends and distributions; make changes to our fiscal year and engage in mergers and consolidations. The senior secured term loan agreement contains certain events of default, including (i) failure to pay principal when due or interest or any other amount owing on any other obligation under the senior secured term loan agreement within five days of becoming due, (ii) material incorrectness of representations and warranties when made, (iii) breach of covenants, (iv) failure to pay principal or interest on any other debt that equals or exceeds $40.0 million when due, (v) default on any other debt that equals or exceeds $40.0 million that causes, or gives the holder or holders of such debt the ability to cause, an acceleration of such debt, (vi) occurrence of a Change of Control, (vii) bankruptcy and insolvency events, (viii) entry by a court of one or more judgments against us in an amount in excess of $40.0 million that remain unbonded, undischarged or unstayed for a certain number of days after the entry thereof, (ix) the occurrence of certain ERISA events and (x) the failure of certain Loan Documents to be in full force and effect. If any event of default occurs and is not cured within applicable grace periods set forth in the senior secured term loan agreement or waived, all loans and other obligations could become due and immediately payable and the facility could be terminated. As of March 31, 2016 , debt issuance costs were $5.9 million , net of $4.4 million of accumulated amortization. As of December 31, 2015 , debt issuance costs were $6.2 million , net of $4.1 million of accumulated amortization. Interest expense on the term loans totaled $6.5 million and $7.2 million for the three months ended March 31, 2016 and 2015 , respectively.

OTHER NON-CURRENT LIABILITIES

OTHER NON-CURRENT LIABILITIES	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
OTHER NON-CURRENT LIABILITIES	OTHER NON-CURRENT LIABILITIES Other non-current liabilities consist of the following: (in thousands) March 31, December 31, Acquisition related contingent consideration $ 882 $ 3,932 Other non-current liabilities 13,939 14,221 Total $ 14,821 $ 18,153

SHAREHOLDERS_ EQUITY AND SHARE-

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION	SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Stock Repurchase Plan On May 20, 2015, our shareholders approved a new share repurchase program, which replaced the previous share repurchase program. Under the new program, we are authorized to purchase up to 3.0 million shares of our common stock, based on a limit of 15% of the outstanding shares of common stock on the date of approval at a minimum price of $1.00 per share and a maximum price of $500.00 per share. This is in addition to amounts previously purchased under prior programs. Under the existing and prior programs, we purchased 0.5 million shares of common stock at an average price of $25.17 per share during the three months ended March 31, 2016 and 0.2 million shares at an average price of $23.44 per share during the three months ended March 31, 2015 . As of March 31, 2016 , approximately 1.0 million shares of common stock remain available for repurchase under the new program. Our senior secured term loan limits the amount we can spend on share repurchases and may prevent repurchases in certain circumstances. As of March 31, 2016 , approximately $333 million was available to repurchase our common stock under our senior secured term loan. Share-Based Compensation We issue share-based awards in the form of stock options and certain other equity-based awards for certain employees and officers. We recorded share-based compensation expense of $1.9 million and $0.4 million for the three months ended March 31, 2016 and 2015 , respectively. As of March 31, 2016 , estimated unrecognized compensation costs related to share-based awards amounted to $10.4 million , which we expect to recognize over a weighted average remaining requisite service period of approximately 2.65 years . Stock Options Stock option grants are composed primarily of a combination of service-based and market-based options. Service-Based Options. These options generally vest over three or four years with equal annual cliff-vesting and expire on the earlier of ten years after the date of grant or following termination of service. A total of 1.2 million service-based awards were outstanding at March 31, 2016 . Market-Based Options . These option grants generally have two components, each of which vests only upon the achievement of certain criteria. The first component, which we refer to internally as “ordinary performance” grants, consists of two-thirds of the market-based grant and begins to vest if the stock price is at least double the exercise price, as long as the stock price realizes a compounded annual gain of at least 20% over the exercise price. The remaining third of the market-based options, which we refer to internally as “extraordinary performance” grants, begins to vest if the stock price is at least triple the exercise price, as long as the stock price realizes a compounded annual gain of at least 25% over the exercise price. The vesting schedule for substantially all market-based awards is 25% upon achievement of the criteria and thereafter the remaining 75% in three equal annual installments. Market-based options generally expire on the earlier of ten years after the date of grant or following termination of service, unless the performance criteria is met prior to termination of service or in the final three years of the option term, in which case vesting will generally continue in accordance with the provisions of the award agreement. A total of 2.0 million market-based awards were outstanding at March 31, 2016 . The Company granted 0.1 million stock options (at a weighted average exercise price of $27.48 per share) and less than 0.1 million stock options (at a weighted average exercise price of $26.42 per share) during the three months ended March 31, 2016 and 2015 , respectively. The fair value of the service-based options was determined using the Black-Scholes option pricing model and the fair value of the market-based options was determined using a lattice (binomial) model. The following assumptions were used to determine the fair value as of the grant date: Three months ended Three months ended Black-Scholes Binomial Black-Scholes Binomial Risk-free interest rate (%) 1.25% - 1.89% 0.23% - 1.97% 1.67 % 0.02% - 2.01% Expected stock price volatility (%) 59.75% - 62.14% 59.76% - 62.14% 55.06 % 55.06 % Expected dividend yield — — — — Expected option life (in years) 6.25 4.55 - 4.88 6.25 4.45 - 4.92 Fair value $11.15 - $16.30 $11.06 - $15.73 $11.69 $10.68 - $11.93 We determined the expected option life of all service-based stock option grants using the simplified method. We use the simplified method because we believe that our historical data does not provide a reasonable basis upon which to estimate expected option life. The following table summarizes the weighted average grant date fair value of stock options granted per share, the total intrinsic value of stock options exercised and the grant date fair value of stock options that vested during the period presented: Three months ended March 31, (in thousands, except per share amounts) 2016 2015 Weighted average grant date fair value of stock options granted per share $ 15.77 $ 11.56 Intrinsic value of options exercised 601 176 Grant date fair value of stock options that vested 187 264 The following table summarizes the activity related to our stock options: Number of options Weighted average exercise price Weighted average contractual term (in years ) Aggregate intrinsic value ( in thousands) Outstanding at December 31, 2015 3,163,125 $ 20.13 4.94 $ 35,842 Granted 66,000 27.48 Exercised (40,000 ) 9.14 Forfeited (24,968 ) 24.25 Outstanding at March 31, 2016 3,164,157 20.40 4.57 26,028 Exercisable at March 31, 2016 2,181,083 14.70 2.70 24,063 Other Share-Based Awards The Company’s other share-based and similar types of awards are composed of restricted shares and Equity Appreciation Rights (“EARs”). The restricted shares are service-based awards that vest over one to four years with either annual cliff-vesting, vesting of all of the restricted shares at the end of the vesting period or vesting beginning after two years of service. No restricted shares were granted during the three months ended March 31, 2016 . A total of 0.3 million unvested service-based restricted shares were outstanding at March 31, 2016 . The following table summarizes the activity related to our restricted shares: Number of restricted shares Outstanding at December 31, 2015 272,326 Issued (5,600 ) Forfeited (2,500 ) Outstanding at March 31, 2016 264,226 EARs provide participating employees of certain divisions of the Company with the potential to receive a percentage of the increase in the value of the applicable division during the term of the EARs. The Company has established EAR plans for three divisions: Consumer Analytics, Document Solutions and Marketplace Solutions. These EAR plans allow for the issuance of EARs representing up to 15% of each of these divisions. The EARs consist of service-based awards and performance-based awards. Service-based EARs generally vest in equal installments on the first, second, third and fourth anniversaries of the grant date. Performance-based EARs generally begin to vest on the date certain performance criteria are achieved by the applicable division of the Company. The participating employee will have the opportunity at certain times specified in the award agreement to exercise EARs that have vested and in exchange will receive share equivalency units, the number of which will be based on the increase in value of the division and the amount of EARs awarded to the participating employee that are exercised. After a holding period of six months and one day, the Company, the applicable division or an affiliate of the Company may redeem the share equivalency units for a payment equal to the then fair market value of the share equivalency units. At the Company’s option, the share equivalency units may be redeemed for cash, shares of Altisource’s common stock under its shareholder approved equity incentive plan, a subordinated note payable or, under certain circumstances where the division has been converted into a company form, shares of that company. Upon the occurrence of certain corporate transactions, including the sale of the division, a qualified initial public offering of the equity of the division or a spin-off of the division, the Company will have the right to repurchase and cancel any outstanding share equivalency units or shares of the division that have been issued in payment of redeemed share equivalency units, and the applicable plan administrator will have the discretion to adjust the terms of the applicable division EAR plan and any outstanding EARs. There were no EARs granted during the three months ended March 31, 2016 . The following table reflects outstanding EARs (expressed as a percentage of each of the divisions): Consumer Analytics Document Solutions Marketplace Solutions Outstanding at December 31, 2015 and March 31, 2016 5.6 % 5.6 % 5.3 % Share-based compensation expense for stock options, restricted shares and EARs is recorded net of estimated forfeiture rates ranging from 0% to 40% .

REVENUE REVENUE

REVENUE REVENUE	3 Months Ended
	Mar. 31, 2016
Revenue [Abstract]
REVENUE	REVENUE Revenue includes service revenue, reimbursable expenses and non-controlling interests. Service revenue consists of amounts attributable to our fee-based services. Reimbursable expenses and non-controlling interests are pass-through items for which we earn no margin. Reimbursable expenses consist of amounts we incur on behalf of our customers in performing our fee-based services, but we pass such costs directly on to our customers without any additional markup. Non-controlling interests represent the earnings of Lenders One, Wholesale One and Residential Investor One, consolidated entities not owned by Altisource, and are included in revenue and reduced from net income to arrive at net income attributable to Altisource (see Note 1 ). The components of revenue were as follows for the three months ended March 31 : (in thousands) 2016 2015 Service revenue $ 234,280 $ 207,816 Reimbursable expenses 15,454 31,956 Non-controlling interests 398 710 Total $ 250,132 $ 240,482

COST OF REVENUE

COST OF REVENUE	3 Months Ended
	Mar. 31, 2016
Cost of Revenue [Abstract]
COST OF REVENUE	COST OF REVENUE Cost of revenue principally includes payroll and employee benefits associated with personnel employed in customer service and operations roles, fees paid to external providers related to the provision of services, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows for the three months ended March 31 : (in thousands) 2016 2015 Compensation and benefits $ 65,063 $ 69,326 Outside fees and services 71,803 53,247 Reimbursable expenses 15,454 31,956 Technology and telecommunications 9,940 11,893 Depreciation and amortization 6,603 6,404 Total $ 168,863 $ 172,826

SELLING, GENERAL AND ADMINISTRA

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	3 Months Ended
	Mar. 31, 2016
Selling, General and Administrative Expense [Abstract]
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	SELLING, GENERAL AND ADMINISTRATIVE EXPENSES Selling, general and administrative expenses include payroll and employee benefits associated with personnel employed in executive, finance, law, compliance, human resources, vendor management, risk, sales and marketing roles. This category also includes occupancy costs, professional fees, marketing costs, depreciation and amortization of non-operating assets and other expenses. The components of selling, general and administrative expenses were as follows for the three months ended March 31 : (in thousands) 2016 2015 Compensation and benefits $ 13,991 $ 12,763 Occupancy related costs 9,083 10,654 Amortization of intangible assets 12,211 8,891 Professional services 6,740 7,990 Marketing costs 6,492 5,353 Depreciation and amortization 2,605 2,422 Other 2,494 4,333 Total $ 53,616 $ 52,406

OTHER THAN TEMPORARY IMPAIRMENT

OTHER THAN TEMPORARY IMPAIRMENT LOSS ON SECURITIES OTHER THAN TEMPORARY IMPAIRMENT LOSS ON SECURITIES	3 Months Ended
	Mar. 31, 2016
Other than Temporary Impairment Loss on Securities [Abstract]
OTHER THAN TEMPORARY IMPAIRMENT LOSS ON SECURITIES	OTHER THAN TEMPORARY IMPAIRMENT LOSS ON SECURITIES During March 2015, we purchased 1.6 million shares of HLSS common stock in the open market for $30.0 million ( 1,613,125 shares at an average price per share of $18.58 ). This investment was classified as available for sale. On April 6, 2015, HLSS completed the sale of substantially all of its assets to New Residential Investment Corp. (“NRZ”) and adopted a plan of complete liquidation and dissolution. Based on HLSS’ sale of substantially all of its assets to NRZ, we determined that our investment in HLSS was other than temporarily impaired. Accordingly, we recognized an other than temporary impairment loss on HLSS equity securities of $3.3 million in the accompanying condensed consolidated statements of operations and comprehensive income during the three months ended March 31, 2015. This amount reflected the difference between the cost and fair value of the HLSS equity securities as of March 31, 2015 (based on 1,613,125 shares at $16.54 per share) (no comparative amount in 2016 ).

OTHER INCOME (EXPENSE), NET

OTHER INCOME (EXPENSE), NET	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
OTHER INCOME (EXPENSE), NET	OTHER INCOME (EXPENSE), NET Other income (expense), net consists of the following for the three months ended March 31 : (in thousands) 2016 2015 Interest income $ 11 $ 31 Other, net (38 ) (28 ) Total $ (27 ) $ 3

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of all dilutive securities using the treasury stock method. Basic and diluted EPS are calculated as follows for the three months ended March 31 : (in thousands, except per share data) 2016 2015 Net income attributable to Altisource $ 18,494 $ 3,698 Weighted average common shares outstanding, basic 18,855 20,172 Dilutive effect of stock options and restricted shares 1,185 823 Weighted average common shares outstanding, diluted 20,040 20,995 Earnings per share: Basic $ 0.98 $ 0.18 Diluted $ 0.92 $ 0.18 For the three months ended March 31, 2016 and 2015 , 0.4 million options and 0.7 million options, respectively, that were anti-dilutive have been excluded from the computation of diluted EPS. These options were anti-dilutive and excluded from the computation of diluted EPS because their exercise price was greater than the average market price of our common stock. Also excluded from the computation of diluted EPS are 0.3 million options and 0.2 million options for the three months ended March 31, 2016 and 2015 , respectively, granted for shares that are issuable upon the achievement of certain market and performance criteria related to our common stock price and an annualized rate of return to investors that have not yet been met.

COMMITMENTS, CONTINGENCIES AND

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS	COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS Litigation From time to time, we are involved in legal and administrative proceedings arising in the course of our business. We record a liability for these matters if an unfavorable outcome is probable and the amount of loss can be reasonably estimated, including expected insurance coverage. For proceedings where the reasonable estimate of loss is a range, we record a best estimate of loss within the range. On September 8, 2014, the West Palm Beach Firefighters’ Pension Fund filed a putative securities class action suit against Altisource Portfolio Solutions S.A. and certain of its current or former officers and directors in the United States District Court for the Southern District of Florida alleging violations of the Securities Exchange Act of 1934 and Rule 10b-5 with regard to disclosures concerning pricing and transactions with related parties that allegedly inflated Altisource Portfolio Solutions S.A. share prices. The Court subsequently appointed the Pension Fund for the International Union of Painters and Allied Trades District Council 35 and the Annuity Fund for the International Union of Painters and Allied Trades District Council 35 as Lead Plaintiffs. On January 30, 2015, Lead Plaintiffs filed an amended class action complaint which added Ocwen Financial Corporation as a defendant, and seeks a determination that the action may be maintained as a class action on behalf of purchasers of Altisource Portfolio Solutions S.A. securities between April 25, 2013 and December 21, 2014 and an unspecified amount of damages. Altisource Portfolio Solutions S.A. moved to dismiss the suit on March 23, 2015. On September 4, 2015, the Court granted the defendants’ motion to dismiss, finding that the Lead Plaintiffs’ amended complaint failed to state a claim as to any of the defendants, but permitting the Lead Plaintiffs to file another amended complaint. Lead Plaintiffs subsequently filed second and third amended complaints with substantially similar claims and theories. Altisource Portfolio Solutions S.A. moved to dismiss the third amended complaint on October 22, 2015. On December 22, 2015, the Court issued an order dismissing with prejudice all claims against Ocwen Financial Corporation and certain claims against Altisource Portfolio Solutions S.A. and the officer and director defendants, but denying the motion to dismiss as to other claims. Altisource Portfolio Solutions S.A. intends to continue to vigorously defend this suit. On February 11, 2015, W.A. Sokolowski, an alleged shareholder of Ocwen Financial Corporation, filed an amended shareholder derivative complaint in the United States District Court for the Southern District of Florida against Ocwen Financial Corporation (as a nominal defendant), certain of its current or former officers and directors, Altisource Portfolio Solutions S.A. and other companies. The suit seeks recovery of an unspecified amount of damages for alleged breaches of fiduciary duty by Ocwen Financial Corporation’s officers and directors, which were allegedly aided and abetted by Altisource Portfolio Solutions S.A. and other defendants. Altisource Portfolio Solutions S.A. filed a motion to dismiss the complaint on November 9, 2015. While that motion was pending, additional lawsuits alleging similar claims for alleged breaches of fiduciary duties by current or former Ocwen Financial Corporation officers and directors were filed in or transferred to the Court. The Court subsequently consolidated these actions and denied Altisource Portfolio Solutions S.A.’s motion to dismiss the Sokolowski complaint without prejudice to re-file following appointment of lead counsel for the consolidated action and the filing or designation of an operative complaint. Lead counsel for plaintiffs filed their Consolidated Verified Shareholder Derivative Complaint (the “Consolidated Complaint”) on March 8, 2016. The Consolidated Complaint alleges claims that Altisource Portfolio Solutions S.A., its subsidiary Beltline Road Insurance Agency, Inc. and other defendants aided and abetted alleged breaches of fiduciary duties by Ocwen Financial Corporation officers and directors and/or were unjustly enriched in connection with business dealings with Ocwen Financial Corporation. The Consolidated Complaint also seeks contribution from Altisource Portfolio Solutions S.A., its subsidiary Beltline Road Insurance Agency, Inc. and other defendants for amounts Ocwen Financial Corporation paid in connection with a settlement with the New York State Department of Financial Services. The current deadline for defendants to respond to the Consolidated Complaint is May 13, 2016. Altisource Portfolio Solutions S.A. and Beltline Road Insurance Agency, Inc. intend to vigorously defend the lawsuit and to move to dismiss all claims against them. On March 26, 2015, Robert Moncavage, an alleged shareholder of Ocwen Financial Corporation, filed an amended shareholder derivative complaint in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida against Ocwen Financial Corporation (as a nominal defendant), certain of its current or former officers and directors, Altisource Portfolio Solutions S.A. and other companies. The suit seeks recovery of an unspecified amount of damages for alleged breaches of fiduciary duties by the current or former Ocwen Financial Corporation officers and directors, which were allegedly aided and abetted by Altisource Portfolio Solutions S.A. and other defendants. On November 9, 2015, the Court entered an order staying all proceedings in the case pending further order of the Court. If the litigation proceeds, Altisource Portfolio Solutions S.A. intends to vigorously defend the lawsuit and to move to dismiss all claims against it. Altisource is unable to predict the outcomes of these lawsuits or reasonably estimate the potential loss, if any, arising from the suits, given that the forthcoming motions to dismiss in the second and third cases have not yet been adjudicated, a stay has been entered in the third case and significant legal and factual issues remain to be determined in all three cases. In addition to the matters referenced above, we are involved in legal actions in the course of our business, some of which seek monetary damages. We do not believe that the outcome of these proceedings, both individually and in the aggregate, will have a material impact on our financial condition, results of operations or cash flows. Regulatory Matters Periodically, we are subject to audits, examinations and investigations by federal, state and local governmental authorities and receive subpoenas, civil investigative demands or other requests for information from such governmental authorities in connection with their regulatory or investigative authority. We are currently responding to such inquiries from governmental authorities relating to certain aspects of our business. We believe it is premature to predict the potential outcome or to estimate any potential financial impact in connection with these inquiries. Ocwen Related Matters Ocwen is our largest customer and 56% of our revenue for the three months ended March 31, 2016 was from Ocwen. Additionally, 19% of our revenue for the three months ended March 31, 2016 was earned on the portfolios serviced by Ocwen, when a party other than Ocwen selected Altisource as the service provider. Ocwen has disclosed that it is subject to a number of ongoing federal and state regulatory examinations, consent orders, inquiries, requests for information and other actions and is subject to pending legal proceedings that have or could result in adverse regulatory or other actions against Ocwen. While not all inclusive, regulatory actions to date have included subjecting Ocwen to independent oversight of its operations and placing certain restrictions on its ability to acquire servicing rights. Ocwen may become subject to future federal and state regulatory investigations, inquiries, requests for information and legal proceedings, any of which could also result in adverse regulatory or other actions against Ocwen. As a result of the sale of substantially all of the assets of HLSS to NRZ in April of 2015, NRZ owns the rights to approximately 78% of Ocwen’s non-government-sponsored enterprise (“non-GSE”) servicing rights as of December 31, 2015. Under an agreement between NRZ and Ocwen, NRZ has the right (not necessarily the ability) to transfer servicing away from Ocwen if Ocwen fails to achieve and maintain certain minimum servicer ratings on or after April 6, 2017. Ocwen has also disclosed that in 2015 certain bondholders of Ocwen-serviced residential mortgage-backed securities (“RMBS”) alleged that Ocwen, as servicer defaulted on these servicing agreements. Ocwen has further disclosed that it has been directed by the trustee for two of the RMBS trusts to transfer servicing to another loan servicing company based on rating downgrades. Additional bondholders of RMBS may attempt to replace Ocwen as servicer as a result of such ratings downgrades or the alleged defaults. All of the foregoing may have significant adverse effects on Ocwen’s business and our continuing relationships with Ocwen. For example, Ocwen may be required to alter the way it conducts business, including the parties it contracts with for services (including information technology and software services), it may be required to seek changes to its existing pricing structure with us, it may lose or sell some or all of its non-GSE servicing rights or subservicing arrangements or may lose one or more of its state servicing licenses. Additional regulatory actions may impose additional restrictions on or require changes in Ocwen’s business that could require it to sell assets or change its business operations. Any or all of these effects could result in our eventual loss of Ocwen as a customer or a reduction in the number and/or volume of services they purchase from us or the loss of other customers. If any of the following events occurred, Altisource’s revenue would be significantly lower and our results of operations would be materially adversely affected, including from the possible impairment or write-off of goodwill, intangible assets, property and equipment, other assets and accounts receivable: • Altisource loses Ocwen as a customer or there is a significant reduction in the volume of services they purchase from us • Ocwen loses or sells a significant portion or all of its non-GSE servicing rights or subservicing arrangements and Altisource fails to be retained as a service provider • Ocwen loses state servicing licenses in states with a significant number of loans in Ocwen’s servicing portfolio • Altisource fails to be retained as a service provider • The contractual relationship between Ocwen and Altisource changes significantly or there are significant changes to our pricing to Ocwen for services from which we generate material revenue Management cannot predict the outcome of the Ocwen Related Matters or the impact they may have on Altisource. However, in the event these Ocwen Related Matters materially negatively impact Altisource, we believe the impact to Altisource would occur over an extended period of time and the variable nature of our cost structure would allow us to realign our cost structure in line with remaining revenue. In this regard, we have a plan that we believe would allow us to efficiently execute on this realignment. We believe that transfers of Ocwen’s servicing rights to a successor servicer(s) would take an extended period of time because of the approval required from many parties, including regulators, rating agencies, RMBS trustees, lenders and others. During this period of time, we believe we would continue to generate revenue from the services we provide to the transferred portfolio. Additionally, we have several growth initiatives that focus on diversifying and growing our revenue and customer base. Our major growth initiatives include: • Continue to grow our Servicer Solutions business • Continue to grow our Origination Solutions business • Continue to grow our Consumer Real Estate Solutions business • Continue to grow our Real Estate Investor Solutions business We have an established sales and marketing strategy to support each of these initiatives. Management believes our plans, together with current liquidity and cash flows from operations will be sufficient to meet working capital, capital expenditures, debt service and other cash needs. However, there can be no assurance that our plans would be successful or our operations would be profitable. Escrow and Trust Balances We hold customers’ assets in escrow and trust accounts at various financial institutions pending completion of certain real estate activities. We also hold cash in trust accounts at various financial institutions where contractual obligations mandate maintaining dedicated bank accounts for our Financial Services segment’s collections. These amounts are held in escrow and trust accounts for limited periods of time and are not included in the condensed consolidated balance sheets. Amounts held in escrow and trust accounts were $63.8 million and $66.6 million at March 31, 2016 and December 31, 2015 , respectively.

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING Our business segments are based upon our organizational structure, which focuses primarily on the services offered, and are consistent with the internal reporting used by our Chief Executive Officer (our Chief Operating Decision Maker) to evaluate operating performance and to assess the allocation of our resources. We classify our businesses into three reportable segments. The Mortgage Services segment provides services that span the mortgage and real estate lifecycle and are typically outsourced by loan servicers, loan originators, home investors and other sellers and buyers of single family homes. The Financial Services segment provides collection and customer relationship management services primarily to debt originators and servicers (e.g., credit card, auto lending, retail credit and mortgage) and the utility, insurance and hotel industries. The Technology Services segment provides a portfolio of software, data analytics and information technology infrastructure management services that support the management of mortgage and real estate activities and marketplace transactions across the lifecycle. In addition, Corporate Items and Eliminations include eliminations of transactions between the reportable segments, interest expense and costs related to corporate support functions including executive, finance, law, compliance, human resources, vendor management, risk and sales and marketing costs not allocated to the business units. Intercompany transactions primarily consist of information technology infrastructure management services. Financial information for our segments is as follows: Three months ended March 31, 2016 (in thousands) Mortgage Financial Technology Corporate Consolidated Revenue $ 198,986 $ 20,104 $ 40,647 $ (9,605 ) $ 250,132 Cost of revenue 121,518 14,258 41,893 (8,806 ) 168,863 Gross profit (loss) 77,468 5,846 (1,246 ) (799 ) 81,269 Selling, general and administrative expenses 26,969 4,309 6,558 15,780 53,616 Income (loss) from operations 50,499 1,537 (7,804 ) (16,579 ) 27,653 Other income (expense), net 14 13 7 (6,602 ) (6,568 ) Income (loss) before income taxes and non-controlling interests $ 50,513 $ 1,550 $ (7,797 ) $ (23,181 ) $ 21,085 Three months ended March 31, 2015 (in thousands) Mortgage Financial Technology Corporate Consolidated Revenue $ 177,006 $ 22,354 $ 51,970 $ (10,848 ) $ 240,482 Cost of revenue 114,804 15,103 52,723 (9,804 ) 172,826 Gross profit (loss) 62,202 7,251 (753 ) (1,044 ) 67,656 Selling, general and administrative expenses 20,561 4,715 7,315 19,815 52,406 Income (loss) from operations 41,641 2,536 (8,068 ) (20,859 ) 15,250 Other income (expense), net (4 ) (12 ) 1 (10,427 ) (10,442 ) Income (loss) before income taxes and non-controlling interests $ 41,637 $ 2,524 $ (8,067 ) $ (31,286 ) $ 4,808 (in thousands) Mortgage Services Financial Services Technology Services Corporate Eliminations Consolidated Altisource Total assets: March 31, 2016 $ 307,913 $ 48,492 $ 206,167 $ 153,022 $ 715,594 December 31, 2015 325,461 53,757 165,778 176,802 721,798 Our services are provided to customers primarily located in the United States. Premises and equipment, net consist of the following, by country: (in thousands) March 31, December 31, United States $ 84,107 $ 85,021 India 19,287 21,187 Luxembourg 10,842 9,944 Philippines 2,424 2,664 Uruguay 277 305 Total $ 116,937 $ 119,121

ORGANIZATION AND BASIS OF PRE31

ORGANIZATION AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Accounting and Presentation The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, these financial statements do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, the interim data includes all normal recurring adjustments considered necessary to fairly state the results for the interim periods presented. The preparation of interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our interim condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Intercompany transactions and accounts have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation. Altisource consolidates three cooperative entities which are managed by the Mortgage Partnership of America, L.L.C. (“MPA”), a wholly-owned subsidiary of Altisource, Best Partners Mortgage Cooperative, Inc., doing business as the Lenders One ® mortgage cooperative (“Lenders One”), Best Partners Mortgage Brokers Cooperative, Inc., doing business as the Wholesale One ® mortgage cooperative (“Wholesale One”) and Best Partners Residential Investor Cooperative, Inc., doing business as the Residential Investor One™ cooperative (“Residential Investor One”). MPA provides services to Lenders One under a management agreement that ends on December 31, 2025 and to Wholesale One and Residential Investor One under management agreements that end on July 8, 2039 (with automatic renewals for three successive five-year periods) and March 12, 2040 (with automatic renewals for three successive five-year periods), respectively. The management agreements between MPA and Lenders One, Wholesale One and Residential Investor One, pursuant to which MPA is the management company, represent variable interests in variable interest entities. MPA is the primary beneficiary of Lenders One, Wholesale One and Residential Investor One as it has the power to direct the activities that most significantly impact each of these cooperatives’ economic performance and the right to receive benefits from each of these cooperatives. As a result, Lenders One, Wholesale One and Residential Investor One are presented in the accompanying condensed consolidated financial statements on a consolidated basis with the interests of the members reflected as non-controlling interests. As of March 31, 2016 , Lenders One had total assets of $2.1 million and total liabilities of $1.0 million . As of December 31, 2015 , Lenders One had total assets of $4.9 million and total liabilities of $3.7 million . As of March 31, 2016 and December 31, 2015 , Wholesale One and Residential Investor One each had less than $0.1 million in total assets and less than $0.1 million in total liabilities. These interim condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the SEC on March 15, 2016
Fair Value Measurements	Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three-tier hierarchy for inputs used in measuring fair value, which prioritizes the inputs used in the methodologies of measuring fair value for assets and liabilities, is as follows: Level 1 — Quoted prices in active markets for identical assets and liabilities Level 2 — Observable inputs other than quoted prices included in Level 1 Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of assets or liabilities. Financial assets and financial liabilities are classified based on the lowest level of input that is significant to the fair value measurements. Our assessment of the significance of a particular input to the fair value measurements requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements On January 1, 2016, Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, became effective. As a result of this accounting change, the Company now presents debt issuance costs, net as a direct deduction from the related debt (see Note 12). Prior to January 1, 2016, debt issuance costs, net were included in other assets. We adopted the standard retrospectively; accordingly, prior period amounts were reclassified to conform to the current presentation.
Future Adoption of New Accounting Pronouncement	Future Adoption of New Accounting Pronouncements In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) . This standard establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The core principle of the new standard is an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, in response to stakeholders’ requests to defer the effective date of ASU 2014-09 and in consideration of feedback received through extensive outreach with preparers, practitioners and users of financial statements, the FASB deferred the effective date for all entities by one year. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities . This standard will require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The standard also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. It also amends certain financial statement presentation and disclosure requirements associated with the fair value of financial instruments. This standard will be effective for annual periods beginning after December 31, 2017, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In February 2016, FASB issued ASU No. 2016-02, Leases (Topic 842) . This new standard introduces a new lessee model that brings substantially all leases on the balance sheet. The standard will require companies to recognize lease assets and lease liabilities on their balance sheets and disclose key information about leasing arrangements in their financial statements. This standard will be effective for annual periods beginning after December 15, 2018, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . This new standard clarifies guidance on principal versus agent considerations in connection with revenue recognition. When another party is involved in providing goods or services to a customer, an entity is required to determine whether the nature of its promise is to provide the specified good or service itself (that is, the entity is a principal) or to arrange for that good or service to be provided by the other party (that is, the entity is an agent). An entity is a principal if it controls the specified good or service before that good or service is transferred to a customer. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customer. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In March 2016, FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . This new standard simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The standard will require companies to recognize all award-related excess tax benefits and tax deficiencies in their income statements, classify any excess tax benefits as an operating activity in their statements of cash flows, provide companies with the option of estimating forfeitures or recognizing forfeitures as they occur, modify the statutory tax withholding requirements and classify cash paid by employers when directly withholding shares for tax withholding purposes as an investing activity in their statements of cash flows. This standard will be effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period. Early application of this standard is permitted. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position. In April 2016, FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing . This new standard provides guidance on identifying performance obligations in a contract with a customer and clarifying several licensing considerations, including whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time) and guidance on sales-based and usage-based royalties. This new standard will be effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted, although not prior to annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact this new guidance may have on its results of operations and financial position.

CUSTOMER CONCENTRATION (Tables)

CUSTOMER CONCENTRATION (Tables)	3 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Schedule of related party revenue as a percentage of segment and consolidated revenue	Revenue from Ocwen primarily consists of revenue earned directly from Ocwen and revenue earned from the loans serviced by Ocwen when Ocwen designates us as the service provider. Revenue from Ocwen as a percentage of segment and consolidated revenue was as follows for the three months ended March 31 : 2016 2015 Mortgage Services 60 % 63 % Financial Services 14 % 25 % Technology Services 45 % 47 % Consolidated revenue 56 % 59 %

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2016
RentRange, Investability and Onit Solutions [Member]
Acquisitions
Summary of preliminary allocation of purchase price	(in thousands) Cash $ 3 Accounts receivable, net 245 Premises and equipment, net 1,206 Other assets 199 Software 1,265 Trademarks and trade names 1,205 Databases/other 910 Non-compete agreements 330 Customer relationships 255 Goodwill 19,565 25,183 Accounts payable and accrued expenses (391 ) Purchase price $ 24,792
CastleLine [Member]
Acquisitions
Summary of preliminary allocation of purchase price	The preliminary allocation of the purchase price is as follows: (in thousands) Cash $ 1,088 Accounts receivable, net 510 Prepaid expenses 66 Restricted cash 2,501 Non-compete agreements 1,105 Databases/other 465 Customer relationships 395 Trademarks and trade names 150 Goodwill 28,125 34,405 Accounts payable and accrued expenses (875 ) Deferred revenue (87 ) Purchase price $ 33,443

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP are as follows: March 31, 2016 December 31, 2015 (in thousands) Carrying amount Fair value Carrying amount Fair value Level 1 Level 2 Level 1 Level 2 Cash and cash equivalents $ 159,705 $ 159,705 $ — $ 179,327 $ 179,327 $ — Restricted cash 4,780 4,780 — 4,801 4,801 — Long-term debt 535,112 — 476,250 536,598 — 469,523

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of accounts receivable, net	Accounts receivable, net consists of the following: (in thousands) March 31, December 31, Billed $ 63,950 $ 67,021 Unbilled 53,026 56,458 116,976 123,479 Less: allowance for doubtful accounts (19,331 ) (18,456 ) Total $ 97,645 $ 105,023

PREPAID EXPENSES AND OTHER CU36

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses and other current assets	Prepaid expenses and other current assets consist of the following: (in thousands) March 31, December 31, Maintenance agreements, current portion $ 8,230 $ 7,000 Income taxes receivable 1,942 633 Prepaid expenses 7,768 7,873 Other current assets 8,781 6,245 Total $ 26,721 $ 21,751

PREMISES AND EQUIPMENT, NET (Ta

PREMISES AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment, net	Premises and equipment, net consists of the following: (in thousands) March 31, December 31, Computer hardware and software $ 180,405 $ 177,010 Office equipment and other 23,374 21,720 Furniture and fixtures 14,780 14,443 Leasehold improvements 36,362 35,503 254,921 248,676 Less: accumulated depreciation and amortization (137,984 ) (129,555 ) Total $ 116,937 $ 119,121

GOODWILL AND INTANGIBLE ASSET38

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of changes in goodwill	The following is a summary of goodwill by segment: (in thousands) Mortgage Services Financial Services Technology Services Total Balance as of March 31, 2016 and December 31, 2015 $ 80,423 $ 2,378 $ — $ 82,801
Schedule of intangible assets, net	Intangible assets, net consist of the following: Weighted useful life (in years) Gross carrying amount Accumulated amortization Net book value (in thousands) March 31, December 31, March 31, December 31, March 31, December 31, Definite lived intangible assets: Trademarks and trade names 13 $ 15,244 $ 15,244 $ (6,822 ) $ (6,491 ) $ 8,422 $ 8,753 Customer related intangible assets 10 274,428 274,428 (124,881 ) (113,725 ) 149,547 160,703 Operating agreement 20 35,000 35,000 (10,792 ) (10,354 ) 24,208 24,646 Non-compete agreements 4 1,435 1,435 (219 ) (115 ) 1,216 1,320 Intellectual property 10 300 300 (63 ) (55 ) 237 245 Other intangible assets 5 1,375 1,375 (213 ) (39 ) 1,162 1,336 Total $ 327,782 $ 327,782 $ (142,990 ) $ (130,779 ) $ 184,792 $ 197,003

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	Other assets consist of the following: (in thousands) March 31, December 31, Security deposits $ 5,561 $ 5,341 Maintenance agreements, non-current portion 1,713 1,570 Restricted cash 4,780 4,801 Other 1,192 1,441 Total $ 13,246 $ 13,153

ACCOUNTS PAYABLE, ACCRUED EXP40

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses consist of the following: (in thousands) March 31, December 31, Accounts payable $ 16,961 $ 11,644 Accrued expenses - general 28,623 30,347 Accrued salaries and benefits 30,792 46,564 Income taxes payable 4,392 3,316 Total $ 80,768 $ 91,871
Schedule of other current liabilities	Other current liabilities consist of the following: (in thousands) March 31, December 31, Unfunded cash account balances $ 6,533 $ 6,395 Other 11,743 9,871 Total $ 18,276 $ 16,266

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: (in thousands) March 31, December 31, Senior secured term loan $ 535,112 $ 536,598 Less: debt issuance costs, net (5,862 ) (6,184 ) Less: unamortized discount, net (2,120 ) (2,236 ) Net long-term debt 527,130 528,178 Less: current portion (5,945 ) (5,945 ) Long-term debt, less current portion $ 521,185 $ 522,233

OTHER NON-CURRENT LIABILITIES (

OTHER NON-CURRENT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Schedule of other non current liabilities	Other non-current liabilities consist of the following: (in thousands) March 31, December 31, Acquisition related contingent consideration $ 882 $ 3,932 Other non-current liabilities 13,939 14,221 Total $ 14,821 $ 18,153

SHAREHOLDERS_ EQUITY AND SHAR43

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of assumptions used to determine the fair value of options as of the grant date	The fair value of the service-based options was determined using the Black-Scholes option pricing model and the fair value of the market-based options was determined using a lattice (binomial) model. The following assumptions were used to determine the fair value as of the grant date: Three months ended Three months ended Black-Scholes Binomial Black-Scholes Binomial Risk-free interest rate (%) 1.25% - 1.89% 0.23% - 1.97% 1.67 % 0.02% - 2.01% Expected stock price volatility (%) 59.75% - 62.14% 59.76% - 62.14% 55.06 % 55.06 % Expected dividend yield — — — — Expected option life (in years) 6.25 4.55 - 4.88 6.25 4.45 - 4.92 Fair value $11.15 - $16.30 $11.06 - $15.73 $11.69 $10.68 - $11.93
Summary of the weighted average fair value of stock options granted, the total intrinsic value of stock options exercised and the fair value of options vested	The following table summarizes the weighted average grant date fair value of stock options granted per share, the total intrinsic value of stock options exercised and the grant date fair value of stock options that vested during the period presented: Three months ended March 31, (in thousands, except per share amounts) 2016 2015 Weighted average grant date fair value of stock options granted per share $ 15.77 $ 11.56 Intrinsic value of options exercised 601 176 Grant date fair value of stock options that vested 187 264
Summary of the activity of the entity's stock options	The following table summarizes the activity related to our stock options: Number of options Weighted average exercise price Weighted average contractual term (in years ) Aggregate intrinsic value ( in thousands) Outstanding at December 31, 2015 3,163,125 $ 20.13 4.94 $ 35,842 Granted 66,000 27.48 Exercised (40,000 ) 9.14 Forfeited (24,968 ) 24.25 Outstanding at March 31, 2016 3,164,157 20.40 4.57 26,028 Exercisable at March 31, 2016 2,181,083 14.70 2.70 24,063
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table summarizes the activity related to our restricted shares: Number of restricted shares Outstanding at December 31, 2015 272,326 Issued (5,600 ) Forfeited (2,500 ) Outstanding at March 31, 2016 264,226
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity	The following table reflects outstanding EARs (expressed as a percentage of each of the divisions): Consumer Analytics Document Solutions Marketplace Solutions Outstanding at December 31, 2015 and March 31, 2016 5.6 % 5.6 % 5.3 %

REVENUE REVENUE (Tables)

REVENUE REVENUE (Tables)	3 Months Ended
	Mar. 31, 2016
Revenue [Abstract]
Schedule of revenue	The components of revenue were as follows for the three months ended March 31 : (in thousands) 2016 2015 Service revenue $ 234,280 $ 207,816 Reimbursable expenses 15,454 31,956 Non-controlling interests 398 710 Total $ 250,132 $ 240,482

COST OF REVENUE (Tables)

COST OF REVENUE (Tables)	3 Months Ended
	Mar. 31, 2016
Cost of Revenue [Abstract]
Schedule of components of cost of revenue	The components of cost of revenue were as follows for the three months ended March 31 : (in thousands) 2016 2015 Compensation and benefits $ 65,063 $ 69,326 Outside fees and services 71,803 53,247 Reimbursable expenses 15,454 31,956 Technology and telecommunications 9,940 11,893 Depreciation and amortization 6,603 6,404 Total $ 168,863 $ 172,826

SELLING, GENERAL AND ADMINIST46

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2016
Selling, General and Administrative Expense [Abstract]
Schedule of the components of selling, general and administrative expenses	The components of selling, general and administrative expenses were as follows for the three months ended March 31 : (in thousands) 2016 2015 Compensation and benefits $ 13,991 $ 12,763 Occupancy related costs 9,083 10,654 Amortization of intangible assets 12,211 8,891 Professional services 6,740 7,990 Marketing costs 6,492 5,353 Depreciation and amortization 2,605 2,422 Other 2,494 4,333 Total $ 53,616 $ 52,406

OTHER INCOME (EXPENSE), NET (Ta

OTHER INCOME (EXPENSE), NET (Tables)	3 Months Ended
	Mar. 31, 2016
Other Income and Expenses [Abstract]
Schedule of other income (expense), net	Other income (expense), net consists of the following for the three months ended March 31 : (in thousands) 2016 2015 Interest income $ 11 $ 31 Other, net (38 ) (28 ) Total $ (27 ) $ 3

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of basic and diluted EPS calculation	Basic and diluted EPS are calculated as follows for the three months ended March 31 : (in thousands, except per share data) 2016 2015 Net income attributable to Altisource $ 18,494 $ 3,698 Weighted average common shares outstanding, basic 18,855 20,172 Dilutive effect of stock options and restricted shares 1,185 823 Weighted average common shares outstanding, diluted 20,040 20,995 Earnings per share: Basic $ 0.98 $ 0.18 Diluted $ 0.92 $ 0.18

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of financial information of segments	Financial information for our segments is as follows: Three months ended March 31, 2016 (in thousands) Mortgage Financial Technology Corporate Consolidated Revenue $ 198,986 $ 20,104 $ 40,647 $ (9,605 ) $ 250,132 Cost of revenue 121,518 14,258 41,893 (8,806 ) 168,863 Gross profit (loss) 77,468 5,846 (1,246 ) (799 ) 81,269 Selling, general and administrative expenses 26,969 4,309 6,558 15,780 53,616 Income (loss) from operations 50,499 1,537 (7,804 ) (16,579 ) 27,653 Other income (expense), net 14 13 7 (6,602 ) (6,568 ) Income (loss) before income taxes and non-controlling interests $ 50,513 $ 1,550 $ (7,797 ) $ (23,181 ) $ 21,085 Three months ended March 31, 2015 (in thousands) Mortgage Financial Technology Corporate Consolidated Revenue $ 177,006 $ 22,354 $ 51,970 $ (10,848 ) $ 240,482 Cost of revenue 114,804 15,103 52,723 (9,804 ) 172,826 Gross profit (loss) 62,202 7,251 (753 ) (1,044 ) 67,656 Selling, general and administrative expenses 20,561 4,715 7,315 19,815 52,406 Income (loss) from operations 41,641 2,536 (8,068 ) (20,859 ) 15,250 Other income (expense), net (4 ) (12 ) 1 (10,427 ) (10,442 ) Income (loss) before income taxes and non-controlling interests $ 41,637 $ 2,524 $ (8,067 ) $ (31,286 ) $ 4,808 (in thousands) Mortgage Services Financial Services Technology Services Corporate Eliminations Consolidated Altisource Total assets: March 31, 2016 $ 307,913 $ 48,492 $ 206,167 $ 153,022 $ 715,594 December 31, 2015 325,461 53,757 165,778 176,802 721,798
Schedule of premises and equipment, net by country	Premises and equipment, net consist of the following, by country: (in thousands) March 31, December 31, United States $ 84,107 $ 85,021 India 19,287 21,187 Luxembourg 10,842 9,944 Philippines 2,424 2,664 Uruguay 277 305 Total $ 116,937 $ 119,121

ORGANIZATION AND BASIS OF PRE50

ORGANIZATION AND BASIS OF PRESENTATION (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reporting segments | segment	3
Wholesale One and Residential Investor One has less than [Member]
Summary of significant accounting policies
Total assets	$ 0.1	$ 0.1
Total liabilities	0.1	0.1
Lenders One [Member]
Summary of significant accounting policies
Total assets	2.1	4.9
Total liabilities	$ 1	$ 3.7

CUSTOMER CONCENTRATION (Details

CUSTOMER CONCENTRATION (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Concentration Risk
Other Portfolio Servicing Revenue	$ 46.6	$ 53.5
Ocwen
Concentration Risk
Concentration Risk, Revenue	140.1	$ 141.4
Fair Value, Concentration of Risk, Accounts Receivable	$ 29.1
Ocwen | Revenue from Rights Concentration Risk [Member] | Sales Revenue, Segment [Member]
Concentration Risk
Percentage of largest customer	56.00%	59.00%
Billed Revenues [Member] | Ocwen
Concentration Risk
Fair Value, Concentration of Risk, Accounts Receivable	$ 16.5
Unbilled Revenues | Ocwen
Concentration Risk
Fair Value, Concentration of Risk, Accounts Receivable	$ 12.7
Mortgage Services | Ocwen | Revenue from Rights Concentration Risk [Member] | Sales Revenue, Segment [Member]
Concentration Risk
Percentage of largest customer	60.00%	63.00%
Financial Services | Ocwen | Revenue from Rights Concentration Risk [Member] | Sales Revenue, Segment [Member]
Concentration Risk
Percentage of largest customer	14.00%	25.00%
Technology Services | Ocwen | Revenue from Rights Concentration Risk [Member] | Sales Revenue, Segment [Member]
Concentration Risk
Percentage of largest customer	45.00%	47.00%
Ocwen | Ocwen
Concentration Risk
Fair Value, Concentration of Risk, Accounts Receivable			$ 38.2
Ocwen | Billed Revenues [Member] | Ocwen
Concentration Risk
Fair Value, Concentration of Risk, Accounts Receivable			20.4
Ocwen | Unbilled Revenues | Ocwen
Concentration Risk
Fair Value, Concentration of Risk, Accounts Receivable			$ 17.8

TRANSACTIONS WITH RELATED PAR52

TRANSACTIONS WITH RELATED PARTIES (Details) $ in Millions	1 Months Ended
	Jan. 16, 2015USD ($)
Ocwen
Related Party Transaction [Line Items]
Revenue earned from related party	$ 22.9
Ocwen | Data Access and Services Agreement
Related Party Transaction [Line Items]
Cost of revenue	1.9
Ocwen | Support Services Agreement [Member]
Related Party Transaction [Line Items]
Selling, general and administrative expenses billed to related party	0.1
Selling, general and administrative expenses billed by related party	0.3
Residential | Management, Support and Other Services Agreements
Related Party Transaction [Line Items]
Revenue earned from related party	$ 1

ACQUISITIONS - RentRange, Inves

ACQUISITIONS - RentRange, Investability and Onit Solutions (Details) - USD ($) shares in Thousands, $ in Thousands	Oct. 09, 2015	Mar. 31, 2016	Dec. 31, 2015
Acquisitions
Goodwill		$ 82,801	$ 82,801
RentRange, Investability and Onit Solutions [Member]
Acquisitions
Purchase Price	$ 24,800
Cash paid at acquisition	$ 17,500
Number of shares exchanged for acquisition (in thousands)	247
Value of common stock paid at acquisition	$ 7,300
Contingent Consideration Arrangements, Payment Period	4 years
Cash	$ 3
Accounts receivable, net	245
Premises and equipment, net	1,206
Prepaid Expense and Other Assets	199
Software	1,265
Trademark and Trade Names	1,205
Database/Others	910
Non-Compete Agreements	330
Customer relationship	255
Goodwill	19,565
Total Assets	25,183
Accounts Payable and accrued expenses	391
Purchase Price	$ 24,792

ACQUISITIONS CastleLine (Detail

ACQUISITIONS CastleLine (Details) - USD ($) shares in Thousands, $ in Thousands	Jul. 17, 2015	Mar. 31, 2016	Dec. 31, 2015
Acquisitions
Goodwill		$ 82,801	$ 82,801
CastleLine [Member]
Acquisitions
Cash paid at acquisition	$ 12,300
Accounts Payable	$ 10,500
Contingent Consideration Arrangements, Payment Period	4 years
Number of shares exchanged for acquisition (in thousands)	495
Value of common stock paid at acquisition	$ 14,400
Contingent Consideration Arrangements, Range of Outcomes, Value, High	3,800
Cash	1,088
Accounts receivable, net	510
Prepaid Expense and Other Assets	66
Restricted cash	2,501
Non-Compete Agreements	1,105
Database/Others	465
Customer relationship	395
Trademark and Trade Names	150
Goodwill	28,125
Total Assets	34,405
Accounts Payable and accrued expenses	(875)
Deferred Revenue	87
Purchase Price	$ 33,443

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Number of available for sale shares acquired (in shares)	2.5	0
Available for sale securities	$ 30,417		$ 0
Fair Value, Measurements, Recurring
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of acquisition related contingent consideration	$ 4,000		$ 3,900

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash and cash equivalents	$ 159,705	$ 179,327	$ 105,623	$ 161,361
Restricted cash	4,780	4,801
Long-term Debt, Gross	535,112	536,598
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash and cash equivalents	159,705	179,327
Restricted cash	4,780	4,801
Long-term debt	0	0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term debt	$ 476,250	$ 469,523

AVAILABLE FOR SALE SECURITIES (

AVAILABLE FOR SALE SECURITIES (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Number of available for sale shares acquired (in shares)	2.5	0
Purchase of available for sale securities	$ 29,429	$ 29,966
Available for sale securities	$ 30,417		$ 0

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts receivable, net
Accounts receivable, gross	$ 116,976	$ 123,479
Less: allowance for doubtful accounts	(19,331)	(18,456)
Total	97,645	105,023
Billed
Accounts receivable, net
Accounts receivable, gross	63,950	67,021
Unbilled Revenues
Accounts receivable, net
Accounts receivable, gross	$ 53,026	$ 56,458

PREPAID EXPENSES AND OTHER CU59

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Maintenance agreements, current portion	$ 8,230	$ 7,000
Income taxes receivable	1,942	633
Prepaid expenses	7,768	7,873
Other current assets	8,781	6,245
Total	$ 26,721	$ 21,751

PREMISES AND EQUIPMENT, NET (De

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 254,921		$ 248,676
Less: accumulated depreciation and amortization	(137,984)		(129,555)
Total	116,937		119,121
Depreciation and amortization	9,208	$ 8,826
Computer hardware and software
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	180,405		177,010
Office equipment and other
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	23,374		21,720
Furniture and fixtures
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	14,780		14,443
Leasehold improvements
PREMISES AND EQUIPMENT, NET
Premises and equipment, gross	$ 36,362		$ 35,503

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Goodwill
Balance as of March 31, 2016 and December 31, 2015	$ 82,801	$ 82,801
Mortgage Services
Goodwill
Balance as of March 31, 2016 and December 31, 2015	80,423	80,423
Financial Services
Goodwill
Balance as of March 31, 2016 and December 31, 2015	2,378	2,378
Technology Services
Goodwill
Balance as of March 31, 2016 and December 31, 2015	$ 0	$ 0

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Intangible Assets, Net
Gross carrying amount	$ 327,782		$ 327,782
Accumulated amortization	(142,990)		(130,779)
Net book value	184,792		197,003
Amortization expense for definite lived intangible assets	12,211	$ 8,891
2,016	35,700
2,017	26,700
2,018	23,600
2,019	21,400
2,020	19,500
Trademarks and trade names
Intangible Assets, Net
Gross carrying amount	15,244		15,244
Accumulated amortization	(6,822)		(6,491)
Net book value	$ 8,422		$ 8,753
Trademarks and trade names | Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)	13 years		13 years
Customer related intangible assets
Intangible Assets, Net
Gross carrying amount	$ 274,428		$ 274,428
Accumulated amortization	(124,881)		(113,725)
Net book value	$ 149,547		$ 160,703
Customer related intangible assets | Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)	10 years		10 years
Operating agreement
Intangible Assets, Net
Gross carrying amount	$ 35,000		$ 35,000
Accumulated amortization	(10,792)		(10,354)
Net book value	$ 24,208		$ 24,646
Operating agreement | Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)	20 years		20 years
Noncompete Agreements [Member]
Intangible Assets, Net
Gross carrying amount	$ 1,435		$ 1,435
Accumulated amortization	(219)		(115)
Net book value	$ 1,216		1,320
Noncompete Agreements [Member] | Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)	4 years
Intellectual property
Intangible Assets, Net
Gross carrying amount	$ 300		300
Accumulated amortization	(63)		(55)
Net book value	$ 237		$ 245
Intellectual property | Weighted average
Intangible Assets, Net
Weighted average estimated useful life (in years)	10 years		10 years
Other Intangible Assets [Member]
Intangible Assets, Net
Weighted average estimated useful life (in years)	5 years
Gross carrying amount	$ 1,375		$ 1,375
Accumulated amortization	(213)		(39)
Net book value	$ 1,162		$ 1,336

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Security deposits	$ 5,561	$ 5,341
Maintenance agreements, non-current portion	1,713	1,570
Restricted cash	4,780	4,801
Other	1,192	1,441
Total	$ 13,246	$ 13,153

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accounts payable and accrued expenses
Accounts payable	$ 16,961	$ 11,644
Accrued expenses - general	28,623	30,347
Accrued salaries and benefits	30,792	46,564
Income taxes payable	4,392	3,316
Total	$ 80,768	$ 91,871

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other current liabilities
Unfunded cash account balances	$ 6,533	$ 6,395
Other	11,743	9,871
Total	$ 18,276	$ 16,266

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	Aug. 01, 2014USD ($)	Apr. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	May. 07, 2013USD ($)
Debt
Senior secured term loan			$ 535,112,000		$ 536,598,000
Less: debt issuance costs, net			(5,862,000)		(6,184,000)
Less: unamortized discount, net			(2,120,000)		(2,236,000)
Net long-term debt			527,130,000		528,178,000
Less: current portion			(5,945,000)		(5,945,000)
Long-term debt, less current portion			521,185,000		522,233,000
Interest on long-term debt			6,541,000	$ 7,160,000
Senior secured term loan
Debt
Less: debt issuance costs, net			(5,900,000)		(6,200,000)
Debt Instrument Accordion Feature Increase in Additional Borrowings						$ 200,000,000
Aggregate amount of each consecutive quarterly scheduled principal installment	$ 1,486,000
Mandatory prepayments owed			$ 0
Interest rate at the end of the period (as a percent)			4.50%
Accumulated amortization			$ 4,400,000		$ 4,100,000
Interest on long-term debt			$ 6,500,000	$ 7,200,000
Senior secured term loan | Maximum
Debt
Leverage ratio to be maintained under the credit facility covenants			3
Covenant threshold, leverage ratio			3.50
Number of days within which the entity fails to pay principal when due or interest or any other amount owing on any other obligation under the credit agreement, is considered as event of default			5 days
Amount of principal or interest if failed to pay considered as event of default			$ 40,000,000
Amount of debt which results in acceleration of debt if failed to pay considered as event of default			40,000,000
Amount of unbonded, undischarged or unstayed debt under entry by court of one or more judgments for certain period to determine as event of default			$ 40,000,000
Senior secured term loan | Minimum
Debt
Leverage ratio to be maintained under the credit facility covenants			1
Senior secured term loan | Adjusted Eurodollar Rate
Debt
Reference rate			Adjusted Eurodollar Rate
Fixed interest rate base (as a percent)			1.00%
Interest rate margin (as a percent)			3.50%
Senior secured term loan | Base Rate
Debt
Reference rate			Base Rate
Fixed interest rate base (as a percent)			2.00%
Interest rate margin (as a percent)			2.50%
Subsequent Event [Member]
Debt
Net long-term debt		$ 499,500,000
Extinguishment of Debt, Amount		$ 28,000,000
Percentage discount of par received on early extinguishment of debt		13.10%

OTHER NON-CURRENT LIABILITIES67

OTHER NON-CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other Liabilities Disclosure [Abstract]
Acquisition related contingent consideration	$ 882	$ 3,932
Other non-current liabilities	13,939	14,221
Total	$ 14,821	$ 18,153

Stock Repurchase Plan & Share-B

Stock Repurchase Plan & Share-Based Compensation (Details) $ / shares in Units, $ in Thousands	May. 20, 2015$ / sharesshares	Mar. 31, 2016USD ($)installmentmultipliercomponent$ / sharesshares	Mar. 31, 2015USD ($)multiplier$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares
Share-Based Compensation
Share-based compensation expense (in dollars) | $		$ 1,900	$ 400
Estimated unrecognized compensation costs (in dollars) | $		$ 10,400
Weighted average remaining requisite service period for stock options over which unrecognized compensation costs would be recognized		2 years 7 months 25 days
Stock options granted (less than 0.1 million in 2015) (in shares)		100,000	100,000
Weighted average exercise price of stock options granted (in usd per share) | $ / shares			$ 26.42
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Weighted average grant date fair value of stock options granted per share | $ / shares		$ 15.77	$ 11.56
Intrinsic value of options exercised | $		$ 601	$ 176
Grant date fair value of stock options that vested | $		$ 187	$ 264
Option
Share-Based Compensation
Outstanding (in shares)		3,164,157		3,163,125
Stock options granted (less than 0.1 million in 2015) (in shares)		66,000
Weighted average exercise price of stock options granted (in usd per share) | $ / shares		$ 27.48
Weighted average fair value of stock options granted and total intrinsic value of stock options exercised
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares		$ 20.40		$ 20.13
Weighted average contractual term		4 years 6 months 26 days		4 years 11 months 9 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $		$ 26,028		$ 35,842
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		40,000
Exercised (in usd per share) | $ / shares		$ 9.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		24,968
Forfeited (in usd per share) | $ / shares		$ 24.25
Exercisable at the end of the period (in shares)		2,181,083
Exercisable at the end of the period (in usd per share) | $ / shares		$ 14.70
Exercisable at the end of the period		2 years 8 months 12 days
Exercisable at the end of the period (in dollars) | $		$ 24,063
Employee and Non Employee Stock Option | Vesting Based on Service
Share-Based Compensation
Outstanding (in shares)		1,200,000
Employee and Non Employee Stock Option | Vesting Based on Service | Minimum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Employee and Non Employee Stock Option | Vesting Based on Service | Maximum
Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Expiration term		10 years
Employee and Non Employee Stock Option | Market-Based
Share-Based Compensation
Outstanding (in shares)		2,000,000
Number of components of an award | component		2
Vesting percentage for awards that vest upon achievement of certain criteria		25.00%
Cumulative vesting percentage for awards that vest in equal annual installments		75.00%
Number of equal annual installments for vesting of award | installment		3
Employee and Non Employee Stock Option | Market-Based, ordinary performance
Share-Based Compensation
Market-based options subject to specified performance achievement		0.67
Multiplier of stock price over exercise price as a condition for the award to vest | multiplier		2
Employee and Non Employee Stock Option | Market-Based, ordinary performance | Minimum
Share-Based Compensation
Percentage of compounded annual gain of stock price over exercise price required for the award to vest		20.00%
Employee and Non Employee Stock Option | Market-Based, extraordinary performance
Share-Based Compensation
Market-based options subject to specified performance achievement			0.33
Multiplier of stock price over exercise price as a condition for the award to vest | multiplier			3
Employee and Non Employee Stock Option | Market-Based, extraordinary performance | Minimum
Share-Based Compensation
Percentage of compounded annual gain of stock price over exercise price required for the award to vest		25.00%
Share Repurchase Program 2015 [Member]
Stock Repurchase Plan
Number of shares of common stock authorized to be purchased (in shares)	3,000,000
Percentage of outstanding shares authorized to be repurchased	15.00%
Minimum purchase price authorized (in usd per share) | $ / shares	$ 1
Maximum purchase price authorized (in usd per share) | $ / shares	$ 500
Stock Repurchase Programs
Stock Repurchase Plan
Number of shares of common stock purchased (in shares)		500,000	200,000
Average purchase price per share (in usd per share) | $ / shares		$ 25.17	$ 23.44
Remaining number of shares available for repurchase under the plan (in shares)		1,000,000
Capacity available to repurchase common stock under senior secured term loan (in dollars) | $		$ 333,000

Black-Scholes and Binomial mode

Black-Scholes and Binomial model Assumptions and Summary of Activity related to our stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Option
Summary of activity related to our stock
Outstanding at the beginning of the period (in shares)	3,163,125
Exercised (in shares)	(40,000)
Forfeited (in shares)	(24,968)
Outstanding at the end of the period (in shares)	3,164,157		3,163,125
Exercisable at the end of the period (in shares)	2,181,083
Weighted average exercise price
Outstanding at the beginning of the period (in usd per share)	$ 20.13
Exercised (in usd per share)	9.14
Forfeited (in usd per share)	24.25
Outstanding at the end of the period (in usd per share)	20.40		$ 20.13
Exercisable at the end of the period (in usd per share)	$ 14.70
Weighted average contractual term
Weighted average contractual term	4 years 6 months 26 days		4 years 11 months 9 days
Exercisable at the end of the period	2 years 8 months 12 days
Aggregate intrinsic value
Aggregate intrinsic value, beginning balance (in dollars)	$ 35,842
Aggregate intrinsic value, ending balance (in dollars)	26,028		$ 35,842
Exercisable at the end of the period (in dollars)	$ 24,063
Binomial
Equity And Share-Based Compensation
Expected stock price volatility (%)	62.05%	55.06%
Binomial | Minimum
Equity And Share-Based Compensation
Risk-free interest rate (%)	0.27%	0.02%
Expected stock price volatility (%)	59.76%
Expected option life (in years)	4 years 6 months 18 days	4 years 5 months 12 days
Fair value	11.06	10.68
Binomial | Maximum
Equity And Share-Based Compensation
Risk-free interest rate (%)	1.83%	2.01%
Expected option life (in years)	4 years 10 months 17 days	4 years 11 months 1 day
Fair value	15.18	11.93
Black Scholes
Equity And Share-Based Compensation
Risk-free interest rate (%)		1.67%
Expected stock price volatility (%)		55.06%
Expected option life (in years)		6 years 3 months
Fair value		11.69
Black Scholes | Minimum
Equity And Share-Based Compensation
Risk-free interest rate (%)	1.25%
Expected stock price volatility (%)	59.75%
Fair value	11.15
Black Scholes | Maximum
Equity And Share-Based Compensation
Risk-free interest rate (%)	1.89%
Expected stock price volatility (%)	62.05%
Expected option life (in years)	6 years 3 months
Fair value	16.30

SHAREHOLDERS_ EQUITY AND SHAR70

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION RSU (Details) - Restricted Stock Units (RSUs) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Number of RSU outstanding	264,226	272,326
RSU Granted	0
RSU Issued	(5,600)
RSU Forfeited	2,500
Minimum
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Maximum
Schedule of Share-based compensation, Restricted Stock and Restricted Stock units activity [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years

SHAREHOLDERS_ EQUITY AND SHAR71

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION EARs (Details)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Stock Appreciation Rights (SARs)
Equity And Share-Based Compensation
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
EAR plan allow for the issuance of EARs for each of the divisions (%)	15.00%
Stock Appreciation Rights (SARs) | Consumer Analytics Division
Equity And Share-Based Compensation
EARs Outstanding, Percent	5.60%	5.60%
Stock Appreciation Rights (SARs) | Document Solutions Division
Equity And Share-Based Compensation
EARs Outstanding, Percent	5.60%	5.60%
Stock Appreciation Rights (SARs) | Marketplace Solutions Division
Equity And Share-Based Compensation
EARs Outstanding, Percent	5.30%	5.30%
Minimum
Equity And Share-Based Compensation
EARs Estimated Forfeitures Rates	0.00%
Maximum
Equity And Share-Based Compensation
EARs Estimated Forfeitures Rates	40.00%

REVENUE Revenue (Details)

REVENUE Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of revenue [Line Items]
Revenue	$ 250,132	$ 240,482
Service Revenue [Domain]
Schedule of revenue [Line Items]
Revenue	234,280	207,816
Reimbursable expenses [Domain]
Schedule of revenue [Line Items]
Revenue	15,454	31,956
Non-controlling interests [Domain]
Schedule of revenue [Line Items]
Revenue	$ 398	$ 710

COST OF REVENUE (Details)

COST OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cost of Revenue [Abstract]
Compensation and benefits	$ 65,063	$ 69,326
Outside fees and services	71,803	53,247
Reimbursable expenses	15,454	31,956
Technology and telecommunications	9,940	11,893
Depreciation and amortization	6,603	6,404
Total	$ 168,863	$ 172,826

SELLING, GENERAL AND ADMINIST74

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Selling, General and Administrative Expense [Abstract]
Compensation and benefits	$ 13,991	$ 12,763
Occupancy related costs	9,083	10,654
Amortization of intangible assets	12,211	8,891
Professional services	6,740	7,990
Marketing costs	6,492	5,353
Depreciation and amortization	2,605	2,422
Other	2,494	4,333
Total	$ 53,616	$ 52,406

OTHER THAN TEMPORARY IMPAIRME75

OTHER THAN TEMPORARY IMPAIRMENT LOSS ON SECURITIES OTHER THAN TEMPORARY IMPAIRMENT LOSS ON SECURITIES (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 17, 2015	Mar. 31, 2016	Mar. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Other than temporary impairment loss on HLSS securities		$ 0	$ (3,285)
Number of available for sale shares acquired (in shares)		2,500,000	0
Purchase of available for sale securities		$ 29,429	$ 29,966
Difference between cost and fair value per share [Line Items]		$ 16.54
Common stock | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | HLSS
Schedule of Available-for-sale Securities [Line Items]
Number of available for sale shares acquired (in shares)	1,613,125
Available-for-sale Securities [Member] | Common stock | HLSS
Schedule of Available-for-sale Securities [Line Items]
Share Price, Pre-Impairment	$ 18.58

OTHER INCOME (EXPENSE), NET (De

OTHER INCOME (EXPENSE), NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Income and Expenses [Abstract]
Interest income	$ 11	$ 31
Other, net	(38)	(28)
Total	$ (27)	$ 3

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net income attributable to Altisource (in dollars)	$ 18,494	$ 3,698
Weighted average common shares outstanding, basic (in shares)	18,855	20,172
Dilutive effect of stock options (in shares)	1,185	823
Weighted average common shares outstanding, diluted (in shares)	20,040	20,995
Earnings per share:
Basic (in usd per share)	$ 0.98	$ 0.18
Diluted (in usd per share)	$ 0.92	$ 0.18
Service Based Options
Anti-dilutive securities
Options excluded from the computation of diluted EPS (in shares)	400	700
Performance Based Options
Anti-dilutive securities
Options excluded from the computation of diluted EPS (in shares)	300	200

COMMITMENTS, CONTINGENCIES AN78

COMMITMENTS, CONTINGENCIES AND REGULATORY MATTERS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Apr. 06, 2015
Concentration Risk
Other Portfolio Servicing Revenue, Percentage	19.00%
Escrow and Trust Balances
Amounts held in escrow and trust accounts	$ 63.8		$ 66.6
Revenue from Rights Concentration Risk [Member] | Ocwen | Sales Revenue, Segment [Member]
Concentration Risk
Percentage of largest customer	56.00%	59.00%
HLSS [Member] | NRZ [Member]
Concentration Risk
Business Acquisition, Percentage of Voting Interests Acquired				78.00%

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)segment	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting [Abstract]
Number of reporting segments | segment	3
SEGMENT REPORTING
Revenue	$ 250,132	$ 240,482
Cost of revenue	168,863	172,826
Gross profit (loss)	81,269	67,656
Selling, general and administrative expenses	53,616	52,406
Income from operations	27,653	15,250
Other income (expense), net	(6,568)	(10,442)
Income before income taxes and non-controlling interests	21,085	4,808
Total Assets:
Total Assets	715,594		$ 721,798
Operating Segment | Mortgage Services
SEGMENT REPORTING
Revenue	198,986	177,006
Cost of revenue	121,518	114,804
Gross profit (loss)	77,468	62,202
Selling, general and administrative expenses	26,969	20,561
Income from operations	50,499	41,641
Other income (expense), net	14	(4)
Income before income taxes and non-controlling interests	50,513	41,637
Total Assets:
Total Assets	307,913		325,461
Operating Segment | Financial Services
SEGMENT REPORTING
Revenue	20,104	22,354
Cost of revenue	14,258	15,103
Gross profit (loss)	5,846	7,251
Selling, general and administrative expenses	4,309	4,715
Income from operations	1,537	2,536
Other income (expense), net	13	(12)
Income before income taxes and non-controlling interests	1,550	2,524
Total Assets:
Total Assets	48,492		53,757
Operating Segment | Technology Services
SEGMENT REPORTING
Revenue	40,647	51,970
Cost of revenue	41,893	52,723
Gross profit (loss)	(1,246)	(753)
Selling, general and administrative expenses	6,558	7,315
Income from operations	(7,804)	(8,068)
Other income (expense), net	7	1
Income before income taxes and non-controlling interests	(7,797)	(8,067)
Total Assets:
Total Assets	206,167		165,778
Corporate Items and Eliminations
SEGMENT REPORTING
Revenue	(9,605)	(10,848)
Cost of revenue	(8,806)	(9,804)
Gross profit (loss)	(799)	(1,044)
Selling, general and administrative expenses	15,780	19,815
Income from operations	(16,579)	(20,859)
Other income (expense), net	(6,602)	(10,427)
Income before income taxes and non-controlling interests	(23,181)	$ (31,286)
Total Assets:
Total Assets	$ 153,022		$ 176,802

PREMISES AND EQUIPMENT, NET per

PREMISES AND EQUIPMENT, NET per country (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Premises & equipment, net
Premises and equipment, net	$ 116,937	$ 119,121
United States
Premises & equipment, net
Premises and equipment, net	84,107	85,021
India
Premises & equipment, net
Premises and equipment, net	19,287	21,187
Luxembourg
Premises & equipment, net
Premises and equipment, net	10,842	9,944
Philippines
Premises & equipment, net
Premises and equipment, net	2,424	2,664
Uruguay
Premises & equipment, net
Premises and equipment, net	$ 277	$ 305