On October 16, 2018, Joseph A. Davila, who currently serves as President, Servicer Solutions, provided notice that he is resigning from his employment with Altisource S.à r.l. (Altisource), a subsidiary of Altisource Portfolio Solutions S.A. (together with its subsidiaries, the company), effective December 14, 2018 (the Separation Date). Following Mr. Davila’s departure, it is anticipated that Marcello Mastioni, President, Real Estate Marketplace, will take over the leadership of the Company’s Servicer Solutions businesses in addition to continuing in his current role as the head of the Company’s Owners.com business.