Financial Performance - In Q4 2022, the company reported a loss of $4.1 million on revenue of $2.5 million, which was an improvement of $600,000 or 33% compared to Q3 [5][6] - Adjusted Q4 loss, excluding non-recurring items, was $3 million, down from $4 million in Q3 [6] Business Lines and Key Metrics - The company focuses on capital-light origination of private credit products, including residential transitional loans (RTL) and debt service coverage ratio (DSCR) loans [7] - Expected gross revenue per loan for RTLs is between 300 to 450 basis points, while for DSCR loans, it is between 200 to 350 basis points [10][11] Market Data and Key Metrics - The company has a pipeline of $35 million in direct borrower channel origination and is negotiating an additional $25 million [12] - Committed volume in the wholesale channel is $15 million, with plans to roll out a broker direct channel soon [12] Company Strategy and Industry Competition - The company aims to partner with institutions like insurance companies and pension funds, which have over a trillion dollars allocated for alternative fixed income assets [9] - The current market environment is seen as beneficial, as banks are pulling back on lending, allowing the company to capture more market share and pricing power [55] Management's Comments on Operating Environment and Future Outlook - Management believes the current environment is advantageous, as it allows the company to take advantage of reduced competition and increased demand for their products [55] - The company is focused on ramping up production across all three channels: direct borrower, wholesale, and broker [52] Other Important Information - The company has closed a $50 million warehouse line and a $55 million takeout with a major money manager [10] - The company is actively working on improving operational processes to handle increased loan origination efficiently [35][36] Q&A Session Summary Question: Impact of the U.S. regional banking sector crisis - Management stated that they have not experienced issues due to their capital partners being unaffected by market fluctuations [15] Question: Status of credit lines - Management confirmed that they have not lost access to any lines of credit and are in discussions to increase their credit line [17] Question: Stock repurchase plan - The company has repurchased approximately $1.2 million in stock, with details to be included in their upcoming 10-K filing [19] Question: Clarification on the $35 million pipeline - Management explained that the $35 million represents borrowers who have signed term sheets and are in the process of closing [21] Question: Profitability timeline - Management is focused on production and aims to achieve profitability on a monthly basis as soon as possible, though no specific timeline was provided [30] Question: Underwriting capacity for increased loan volume - Management expressed confidence in their staffing levels and ability to handle increased loan volume, with plans to hire additional processors if necessary [32] Question: Updates on lawsuits - Management indicated that updates on ongoing lawsuits would be available in the upcoming 10-K filing [61]

Altisource Asset Management Corporation (NYSE:AAMC) Q3 2022 Earnings Conference Call November 2, 2022 9:30 AM ET Company Participants Kevin Sullivan - General Counsel Jason Kopcak - Chief Executive Officer Stephen Krallman - Chief Financial Officer Conference Call Participants Matthew Howlett - B. Riley Operator Good day, and welcome to the AAMC Investor Call. Today's call is being recorded. At this time, I would like to turn the conference over to Mr. Kevin Sullivan. Please go ahead. Kevin Sullivan Good mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share AAMC NYSE American FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR TRANSITION PERIOD FROM __________ TO __________ COMMI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share AAMC NYSE American FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR TRANSITION PERIOD FROM __________ TO __________ COMMISSION ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share AAMC NYSE American FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR TRANSITION PERIOD FROM __________ TO __________ COMMISSIO ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 001-36063 | --- | --- | |-------------------------------------------------------------------------------------|------------------------------------------------| | | | | | | | | | | ...