Altisource Portfolio Solutions, a provider of mortgage, financial and technology services to the real estate and mortgage industries, has acquired both RentRange and Investability to expand the company's offerings and data capabilities in the real estate services market.
RentRange, a provider of rental home data and information to the financial services and real estate industries, delivers a variety of address- and geography-level data, analytics and rent-based valuation solutions for single and multifamily properties.
Investability, an online residential real estate search and acquisition platform, uses data and analytics to enable real estate investors to access the estimated cashflow, capitalization rate, net yield and market value on properties for sale in the U.S.
According to Altisource, these acquisitions will provide its customers – including users of its Hubzu and Owners.com online real estate sales and auction platforms – with accurate pricing information about rental home investments and access to property inventory.
‘These acquisitions squarely support our real estate and mortgage marketplace strategy and enable us to provide valuable analytics to the home rental, renovation, sale and origination markets,’ says William B. Shepro, CEO of Altisource.