Altisource Asset Management Corporation (AMEX:AAMC) was established in 2012 and is headquartered in Frederick, British Virgin Islands, with 109 full-time employees. It is an asset management and corporate governance company.
Altisource Asset Management (AAMC):
Altisource Asset Management Corporation was established on March 15, 2012, and was separated from Altisource Portfolio Solutions SA (NASDAQ:ASPS) in December 2012. The main business of AAMC is to provide companies with asset management and corporate governance services. The main customer is Altisource Residential Corporation.
Altisource Asset Management Corporation provides services to Altisource Residential Corporation under an asset management agreement, which acquires and manages single-family residential properties of working-class families. It also provides management services for NewSource Reinsurance Co., Ltd.