Press Release

CHRISTIANSTED, U.S. Virgin Islands--(BUSINESS WIRE)--Jan. 17, 2023-- Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE: AAMC) announces that Danya Sawyer will join the Company as Chief Operating Officer of the Alternative Lending Group (“ALG”) on February 1.

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Altisource Asset Management Corporation (NYSE: AAMC) announces that Danya Sawyer will join the Company as Chief Operating Officer of the Alternative Lending Group on February 1. (Photo: Business Wire)

“We expect that Danya will make an immediate positive impact,” Jason Kopcak, AAMC’s CEO, said. “She has deep and broad experience in real estate, mortgage, ABS, banking and broker dealer businesses. Her strategic approach to solution design will add value for our investors and clients, and her leadership style will complement our growing team of seasoned professionals.”

As COO, Sawyer will build and oversee operations across all product lines to support ALG’s growing market share. Sawyer will lead the Company in helping real estate investors and developers by providing a more modern, equitable, and helpful path to capital than traditional lenders.

Sawyer brings more than 20 years of successful strategic leadership within Operations, Capital Markets, Product Management, and Compliance across multiple origination channels. Sawyer most recently served as Senior Vice President, Client Solutions at Consolidated Analytics, overseeing originator assessments and enterprise-wide due diligence on behalf of institutional investors offering warehouse financing solutions, whole loan acquisitions, and securitization options within Agency, Non-Agency, Non-QM, and Business Purpose lending.

Sawyer built her career at Countrywide, initially operating in various pricing and operational roles before developing a de novo broker to banker channel. After growing that channel to a run rate of over $1 billion in monthly production, she was promoted to various senior management positions at Countrywide/Bank of America. In 2014, Sawyer was named one of the industry’s top mortgage professionals under the age of 35 by The M Report. Sawyer earned her degree in International Economics from UC Berkeley, where she was selected as an NCAA Academic All-American.

“I am excited to join Jason and the experienced team at ALG,” said Sawyer. “The potential to differentiate ALG as an institutional lender within the private lending space affords our Company incredible opportunity for growth amidst various market conditions.”

About AAMC

AAMC is a private credit provider that originates alternative assets to provide liquidity and capital to underserved markets. We also continue to assess opportunities that could potentially be of long-term benefit to shareholders. Additional information is available at www.altisourceamc.com.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, anticipations, and assumptions. These statements may be identified by words such as “anticipate,” “intend,” “expect,” “may,” “could,” “should,” “would,” “plan,” “estimate,” “target,” “seek,” “believe” and other expressions or words of similar meaning. We caution that forward-looking statements are qualified by the existence of certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements.

The statements made in this press release are current as of the date of this press release only. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, whether as a result of new information, future events or otherwise.

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Investor Relations
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Twitter: @altisourceamc

Source: Altisource Asset Management Corporation