Altisource Portfolio Solutions, a real estate and asset recovery firm headquartered in the western European country of Luxembourg, has announced its acquisition of The Mortgage Partnership of America, L.L.C. (MPA).

MPA serves as the manager of the Lenders One Mortgage Cooperative, a national alliance of mortgage bankers established in 2000 that consists of more than 155 members, which together originated more than $75 billion in mortgage loans during 2009.

“The alignment with Altisource is the next logical step to unlock more value for our members” said Scott Stern, CEO of Lenders One. “We will continue to work closely with our members, now with the resources of Altisource supporting us, to create, facilitate, and implement services designed to ultimately make our members more competitive in the mortgage loan origination marketplace.”

Altisource, which has a regional U.S. office in Kennesaw, Georgia, says the acquisition reflects the company’s commitment to invest in mortgage services that span the entire lifecycle of a loan. Altisource explained that it utilizes integrated technology, which includes decision models and behavioral-based scripting engines, to provide clients with services related to real estate and mortgage portfolio management, asset recovery, and customer relationship management.

With the combination of Altisource and MPA, the members of Lenders One will now benefit from Altisource’s delivery model for mortgage services, the company said.

“MPA has been, and will continue to be, dedicated to supporting Lenders One’s mortgage banking members as they deliver quality products and services to their customers,” said William B. Shepro, CEO of Altisource. “We are convinced that through the combination of Altisource and MPA, we will be able to offer an improved capital market and loan execution strategy adaptable by each member that will ultimately drive members’ loan volumes, lower members’ costs, and make members’ loans worth more.”

Altisource said it will retain MPA’s staff and leadership team. Consideration for the transaction consisted of cash, paid from available funds, and less than 5 percent of the shares of Altisource. Other terms of the deal were not disclosed. MPA was advised on the transaction by its financial advisor, Milestone Advisors.