Altisource Names Rick Seehausen President of Lenders One
Rhea-AI Summary
Altisource (NASDAQ: ASPS) appointed Rick Seehausen as President of Lenders One on February 13, 2026. He will lead Altisource’s Origination segment, oversee day-to-day operations of the Lenders One brand, and work with executive leadership to grow membership, increase solution adoption, and launch new origination offerings.
Mr. Seehausen brings more than three decades of mortgage industry experience, including senior roles at Cherry Creek Mortgage and LenderLive.
Positive
- Appointed Rick Seehausen as President of Lenders One
- Mr. Seehausen brings 30+ years of mortgage and capital markets experience
- Mandate to grow membership and increase solution adoption across origination
Negative
- None.
Market Reality Check
Peers on Argus
ASPS was up 5.32% while several listed real estate peers (e.g., OPAD, FTHM) showed negative moves earlier in the day, and momentum peers AIRE and OPAD appeared on the scanner with gains of 4.23% and 3.81%. Mixed peer action and the scanner flagging only two names support a stock-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 09 | Platform win announcement | Positive | -8.5% | Equator SaaS platform selected by Statebridge to manage growing REO operations. |
| Dec 16 | Origination momentum update | Positive | +3.4% | Reported strong sales momentum for Lenders One origination solutions and new contracts. |
| Oct 28 | Form S-3 resale filing | Negative | -8.2% | Filed Form S-3 to register resale of shares issued in debt exchange agreements. |
| Oct 23 | Q3 2025 earnings | Positive | +1.0% | Reported revenue growth, improved net loss, and positive adjusted EBITDA for Q3. |
| Oct 20 | Earnings call schedule | Neutral | +0.4% | Announced timing and access details for Q3 2025 earnings conference call. |
Operational and growth news has not always produced positive reactions, but most recent events with fundamental or financing implications saw price moves that aligned with the news tone.
Over the past few months, Altisource has reported several developments around its mortgage and real estate platforms. On Oct 23, 2025, Q3 results showed improving losses and positive EBITDA, with a modestly positive price reaction. A subsequent Oct 28, 2025 Form S‑3 related to resale of exchanged‑debt shares drew a negative move, reflecting sensitivity to financing structure. Lenders One origination momentum on Dec 16, 2025 was rewarded with gains, while a positive Equator REO win on Feb 9, 2026 saw a selloff. Today’s leadership appointment ties into this ongoing focus on scaling origination and servicing solutions.
Regulatory & Risk Context
An effective Form S-3 shelf filed on Oct 24, 2025 registers up to 7,224,028 existing shares for resale by lenders from a prior exchange agreement. Altisource will not receive proceeds from these sales, but the registered amount, representing a large portion of outstanding stock as of October 2025, indicates potential selling pressure if holders choose to liquidate.
Market Pulse Summary
This announcement introduces a seasoned executive to lead Lenders One and Altisource’s Origination segment, reinforcing management’s emphasis on scaling mortgage solutions and membership growth. In recent quarters, the company has highlighted improving Q3 2025 results, strong Lenders One origination momentum, and new Equator REO wins. Investors may watch how this leadership change affects solution adoption, new member sign-ups, and execution against the growth pipeline, while considering the outstanding registered resale of 7,224,028 shares as a continuing background factor.
AI-generated analysis. Not financial advice.
Industry veteran to lead Altisource’s Origination segment and help shape the Company’s strategic growth
LUXEMBOURG, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource®” or the “Company”) (NASDAQ: ASPS), a leading provider of real estate and mortgage solutions, today announced the appointment of Rick Seehausen as President of Lenders One®.
In this role, Mr. Seehausen will lead the strategic direction and day-to-day operations of Altisource’s Origination segment, including the delivery of Altisource’s direct origination solutions through the Lenders One brand, alongside a growing ecosystem of integrated solutions. This model is designed to provide Lenders One members with a single, trusted access point to technology, services, and strategic providers that help improve members’ competitiveness. Mr. Seehausen will also work closely with Altisource’s executive leadership to support the Company’s strategic direction and long-term growth.
His focus will include strengthening Lenders One’s value proposition for its members, growing Lenders One membership, increasing adoption of solutions, and launching new solutions that address the evolving needs of mortgage lenders.
Mr. Seehausen brings more than three decades of experience in mortgage banking, capital markets, and corporate leadership. Throughout his career, he has held senior executive roles across the mortgage industry, where he has been recognized for building high-performing teams, driving operational discipline, and fostering strong, collaborative relationships with lenders and industry partners. Most recently, Mr. Seehausen served as President, Chief Operating Officer, and Vice Chairman of Cherry Creek Mortgage. Prior to that, he served as co-founder, President, Chief Executive Officer, and Vice Chairman of LenderLive.
“Rick is a highly respected leader with a deep understanding of the mortgage industry,” said William B. Shepro, Chief Executive Officer of Altisource. “His experience makes him an excellent fit for Altisource, and I look forward to working closely with him as we shape the Company’s strategic direction and continue to scale our solutions across the origination and servicing markets.”
“I’m honored to join Altisource at such an important time for both the industry and the Company,” said Mr. Seehausen, President, Lenders One. “Altisource and Lenders One have a strong foundation and a clear mission. I look forward to working closely with the Lenders One team and its members, as well as partnering with Altisource’s leadership to expand the reach and impact of the Company’s solutions across the mortgage industry.”
About Altisource®
Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets it serves. Additional information is available at www.altisource.com.
About Lenders One Cooperative
Lenders One (LendersOne.com) was established in 2000 as a national alliance of independent mortgage bankers, banks, and credit unions dedicated to helping its members improve profitability by reducing costs, maximizing revenue, and sharing best practices. Lenders One members originated approximately
FOR FURTHER INFORMATION CONTACT:
| Investor Contact: | Altisource Press Contact: |
| Michelle D. Esterman | Edgard Negron |
| Chief Financial Officer | Vice President, Marketing |
| Altisource | Altisource |
| E: Michelle.Esterman@altisource.com | E: Edgard.Negron@altisource.com |
FAQ
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