Altisource said the move helps it focus more on its core real estate and mortgage businesses.
“Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable,” Altisource CEO William Shepro said in a statement. “However … we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently.”
