UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934

                               (Amendment No. 3)*


                       ALTISOURCE PORTFOLIO SOLUTIONS S.A.
           -----------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
           -----------------------------------------------------------
                         (Title of Class of Securities)

                                    L0175J104
           -----------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2012
           -----------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)




Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

        [_]      Rule 13d-1(b)
        [X]      Rule 13d-1(c)
        [_]      Rule 13d-1(d)
----------------
*    The  remainder  of this  cover  page  shall be filled  out for a  reporting
     person's  initial  filing on this form with respect to the subject class of
     securities,  and for any subsequent amendment containing  information which
     would alter the disclosures provided in a prior cover page.

     The  information  required in the remainder of this cover page shall not be
     deemed to be  "filed"  for the  purpose  of  Section  18 of the  Securities
     Exchange  Act of 1934 ("Act") or otherwise  subject to the  liabilities  of
     that section of the Act but shall be subject to all other provisions of the
     Act (however, see the Notes).

     Persons who respond to the collection of information contained in this form
     are not required to respond unless the form displays a currently  valid OMB
     control number.









CUSIP No. L0175J104
         ----------

1.   Names  of  Reporting  Persons/I.R.S.  Identification  Nos. of Above Persons
     (Entities only):

                             LEON G. COOPERMAN
-------------------------------------------------------------------------

2.  Check the Appropriate Box if a Member of a Group (See Instructions)

         (a)   [_]
         (b)   [X]
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3.  SEC  Use  Only
-------------------------------------------------------------------------

4.  Citizenship or Place of Organization:    UNITED STATES
-------------------------------------------------------------------------

Number of               5.  Sole Voting Power:            573,600
Shares Bene-
ficially                6.  Shared Voting Power:          391,147
Owned by
Each Report-            7.  Sole Dispositive Power:       573,600
ing Person
With                    8.  Shared Dispositive Power:     391,147
-------------------------------------------------------------------------

9.   Aggregate Amount Beneficially Owned by Each Reporting Person:

                                          964,747
-------------------------------------------------------------------------

10.  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_]

-------------------------------------------------------------------------

11.  Percent of Class Represented by Amount in Row (9):   4.1 %

     The beneficial  ownership  percentage set forth herein has been  calculated
based on 23,363,324 common shares of the Issuer as reported on the Issuer's Form
10-Q for the quarter ending September 30, 2012.
-------------------------------------------------------------------------

12.  Type of Reporting Person:             IN
-------------------------------------------------------------------------



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CUSIP No. L0175J104
         ----------

Item 1(a) Name of Issuer:

       ALTISOURCE PORTFOLIO SOLUTIONS S.A. (the "Issuer").

Item 1(b) Address of the Issuer's Principal Executive Offices:

       2, rue Jean Bertholet
       L-1233 Luxembourg
       Grand Duchy of Luxembourg

Item 2(a) Name of Person Filing:

     This statement is filed on behalf of Leon G. Cooperman ("Mr. Cooperman").

     Mr.  Cooperman  is  the  Managing  Member  of  Omega   Associates,   L.L.C.
("Associates"),  a limited  liability  company  organized  under the laws of the
State of Delaware.  Associates is a private  investment firm formed to invest in
and act as general  partner of  investment  partnerships  or similar  investment
vehicles.  Associates is the general partner of limited  partnerships  organized
under the laws of Delaware known as Omega Capital Partners, L.P. ("Capital LP"),
Omega Capital Investors,  L.P.("Investors LP"), and Omega Equity Investors, L.P.
("Equity  LP").  These  entities  are private  investment  firms  engaged in the
purchase and sale of securities for investment for their own accounts.

     Mr.  Cooperman is the  President,  CEO, and majority  stockholder  of Omega
Advisors,  Inc. ("Advisors"),  a Delaware corporation,  engaged in investing for
its own account and providing investment management services,  and Mr. Cooperman
is deemed to control said entity.

     Advisors serves as the investment manager to Omega Overseas Partners,  Ltd.
("Overseas"),  a Cayman  Island  exempted  company,  with a business  address at
British American Tower, Third Floor, Jennrett Street,  Georgetown,  Grand Cayman
Island,  British West Indies.  Mr.  Cooperman  has  investment  discretion  over
portfolio investments of Overseas and is deemed to control such investments.

     Advisors serves as a discretionary  investment  advisor to a limited number
of institutional clients (the "Managed Accounts"). As to the Shares owned by the
Managed  Accounts,  there  would be shared  power to  dispose  or to direct  the
disposition  of such Shares  because the owners of the Managed  Accounts  may be
deemed  beneficial owners of such Shares pursuant to Rule 13d-3 under the Act as
a result of their right to terminate the  discretionary  account within a period
of 60 days.

     Mr. Cooperman is the ultimate controlling person of Associates, Capital LP,
Investors LP, Equity LP, Overseas, and Advisors.

Item 2(b) Address of Principal Business Office or, if None, Residence:

     The address of the principal  business office of Mr.  Cooperman is 2700 No.
Military Trail, Suite 230, Boca Raton FL 33431 and the principal business office
of each  Capital  LP,  Equity LP,  Investors  LP,  Overseas,  Charitable  LP and
Advisors is 88 Pine Street, Wall Street Plaza - 31st Floor, New York, NY 10005.

                                       3



CUSIP No. L0175J104
         ----------


Item 2(c) Citizenship:          Mr. Cooperman is a United States citizen;

Item 2(d) Title of Class of Securities:     Common Stock (the "Shares")

Item 2(e) CUSIP Number:       L0175J104


Item 3.  If this  statement  is  filed  pursuant  to  Sections  240.13d-1(b)  or
         240.13d-2(b) or (c):

     This Item 3 is not applicable.


Item 4.  Ownership:

Item 4(a)(b) Amount Beneficially Owned and Percent of Class:

     Mr.  Cooperman may be deemed the  beneficial  owner of 964,747 Shares which
constitutes approximately 4.1 % of the total number of Shares outstanding.

     This consists of 209,800 Shares owned by Capital LP; 78,000 Shares owned by
Equity  LP;  49,800  Shares  owned by  Investors  LP;  236,000  Shares  owned by
Overseas; and 391,147 Shares owned by the Managed Accounts.

Item 4(c) Number of Shares as to which such person has:

(i)     Sole power to vote or to direct the vote:                     573,600
(ii)    Shared power to vote or to direct the vote:                   391,147
(iii)   Sole power to dispose or to direct the disposition of:        573,600
(iv)    Shared power to dispose or to direct the disposition of:      391,147


Item 5. Ownership of Five Percent or Less of a Class:

     If this  statement  is being  filed to report  the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following: [X].


Item 6. Ownership of More than Five Percent on Behalf of Another Person:

     This Item 6 is not applicable.


                                       4


CUSIP No. L0175J104
         ----------

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company:

     This Item 7 is not applicable.


Item 8. Identification and Classification of Members of the Group:

     This Item 8 is not applicable.


Item 9. Notice of Dissolution of Group:

     This Item 9 is not applicable.


Item 10. Certification:

     By  signing  below  the  undersigned  certifies  that,  to the  best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing  or  influencing  the
control of the Issuer of the  securities  and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.


                                    SIGNATURE

After  reasonable  inquiry  and to the  best of my  knowledge  and  belief,  the
undersigned  certifies that the information set forth in this statement is true,
complete and correct.

DATED: February 6, 2013 as of December 31, 2012

LEON G. COOPERMAN

By /s/ ALAN M. STARK
  ------------------
  Alan M. Stark
  Attorney-in-Fact
Power of Attorney on file

ATTENTION:  INTENTIONAL  MISSTATEMENTS  OR OMISSIONS OF FACT CONSTITUTE  FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).

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