REALSynergy Will be Deployed to Service Trust Financial's Approximately $696,000,000 Agribusiness Loan Portfolio
WEST PALM BEACH, Fla., Jan. 3, 2008 -- Ocwen Financial Corporation (NYSE:OCN) announced today that Trust Financial, a mortgage company specializing in real estate loans for farms, ranches, dairy facilities, timber and agribusinesses, has chosen Ocwen's REALSynergy(r), a proven and leading edge commercial and multi-family loan servicing platform, to support its growing commercial loan portfolio.
Kay Lynn Cammack, Controller at Trust Financial, said, "Servicing agribusiness loans has its unique challenges. We needed a proven servicing system that was flexible enough to accommodate our full range of real estate loans and help us provide outstanding service to our clients. REALSynergy's flexibility and robust central reporting structure made it the right choice for our business."
REALSynergy is an advanced, Windows-based full-service commercial and multifamily loan servicing system. It handles virtually any loan structure, stores all information in a single repository and provides a flexible, customizable User Interface. "We are excited to have Trust Financial as a new client. This opportunity demonstrates REALSynergy's flexibility to fit the needs of servicers with various security instruments. We look forward to supporting Trust Financial as they continue to grow," commented Debbie Winslow, Director for REALSynergy.
ABOUT TRUST FINANCIAL:
Trust Financial is a mortgage banking firm headquartered in San Antonio, Texas specializing in real estate loans on farms, ranches, dairy facilities, timber and agribusiness. Our mission is to provide our customers with the most competitive loan products available in the marketplace coupled with outstanding service. Trust Financial was founded with the commitment to consistently exceed the expectations of our customers. Our years of experience and industry knowledge allow us to provide strength, stability, and satisfaction to our clients.
ABOUT OCWEN:
Ocwen Financial Corporation is a leading business process outsourcing provider to the financial services industry, specializing in loan servicing, mortgage fulfillment and receivables management services. Ocwen is headquartered in West Palm Beach, Florida with offices in Arizona, California, Florida, Georgia, Illinois and New York, and global operations in Canada, Germany and India. Utilizing our global infrastructure, state of the art technology, world-class training and six sigma processes, we provide solutions that make our clients' loans worth more. Additional information is available at www.ocwen.com.
