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Altisource Asset Management Corp (AAMC) is a publicly traded asset management company primarily focused on providing asset management and corporate governance services to institutional investors. Headquartered in the U.S. Virgin Islands, AAMC operates through its subsidiaries in the continental United States, Cayman Islands, Luxembourg, and India.
The company’s core business revolves around managing investment vehicles that own real estate-related assets. AAMC’s primary client, Front Yard Residential Corporation (RESI), is a real estate investment trust that acquires and manages affordable single-family rental homes across the United States.
AAMC also created the Alternative Lending Group (ALG), which focuses on generating private credit loans through Direct to Borrower Lending, Wholesale Originations, and Correspondent Loan Acquisitions. This segment is vital for the company, diversifying its portfolio and providing liquidity to underserved markets.
In addition to its real estate focus, AAMC has ventured into the development and licensing of a control system aimed at increasing the efficiency of electric vehicles. In partnership with Seabird Technologies Limited, AAMC is advancing Project Alpha, which seeks to enhance EV performance with optimized control systems.
Financially, AAMC has reported significant revenues from loan interest and fee income, though it continues to face challenges reflected in net losses. Recent developments include successful litigation outcomes and restructuring efforts to streamline operations, reduce costs, and enhance liquidity. The company's strategic initiatives, including a focus on capital light operations and new ventures, aim to drive future growth and shareholder value.
AAMC remains committed to exemplary environmental, social, and governance principles, ensuring that its operations align with broader corporate responsibility values.
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