Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 16 — 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 that we use to evaluate operating performance and to assess the allocation of our resources by our Chief Executive Officer.

We classify our businesses into three reportable segments. Mortgage Services principally consists of mortgage portfolio management services that span the mortgage lifecycle. Financial Services principally consists of unsecured asset recovery and customer relationship management. Technology Services principally consists of modular, comprehensive integrated technological solutions for loan servicing, vendor management and invoice presentment and payment as well as providing infrastructure support. In addition, our Corporate Items and Eliminations segment includes eliminations of transactions between the reporting segments and also includes costs recognized by us related to corporate support functions such as executive, finance, legal, human resources, vendor management, internal audit and risk, and six sigma.

Financial information for our segments is as follows:

		00000			00000			00000			00000			00000
	Three months ended March 31, 2012
(in thousands)	Mortgage Services			Financial Services			Technology Services			Corporate Items and Eliminations			Consolidated Altisource
Revenue	$	109,661		$	18,016		$	17,022		$	(5,633	)	$	139,066
Cost of revenue		73,039			12,333			11,466			(5,078	)		91,760
Gross profit		36,622			5,683			5,556			(555	)		47,306
Selling, general and administrative expenses		5,691			3,830			1,849			5,645			17,015
Income (loss) from operations		30,931			1,853			3,707			(6,200	)		30,291
Other expense, net		(321	)		(14	)		(11	)		(5	)		(351	)
Income (loss) before income taxes	$	30,610		$	1,839		$	3,696		$	(6,205	)	$	29,940

		00000		00000			00000			00000			00000
	Three months ended March 31, 2011
(in thousands)	Mortgage Services		Financial Services			Technology Services			Corporate Items and Eliminations			Consolidated Altisource
Revenue	$	59,707	$	19,493		$	12,716		$	(3,246	)	$	88,670
Cost of revenue		37,020		13,488			7,445			(3,004	)		54,949
Gross profit		22,687		6,005			5,271			(242	)		33,721
Selling, general and administrative expenses		4,583		4,460			1,196			6,015			16,254
Income (loss) from operations		18,104		1,545			4,075			(6,257	)		17,467
Other income (expense), net		365		(11	)		(15	)		5			344
Income (loss) before income taxes	$	18,469	$	1,534		$	4,060		$	(6,252	)	$	17,811