WEST PALM BEACH, Fla., June 30, 2005 -- Ocwen Financial Corporation (NYSE:OCN) announced today that Bonneville Mortgage Company has selected Ocwen's REALSynergy(r) commercial and multi-family loan servicing platform to handle Bonneville's commercial loan portfolio.
According to Bill Shepro, Ocwen Senior Vice President over the REALSynergy product suite, "REALSynergy can help clients such as Bonneville Mortgage more efficiently manage their commercial and multi-family loan portfolios. From loan and property administration to investor, cash and fee management, REALSynergy can accommodate Bonneville's growing commercial loan portfolio."
Bonneville Mortgage Company, in Salt Lake City, Utah, was organized in 1975 and has grown to be one of the leading providers of mortgage banking, mortgage brokerage, participation and equity financing and institutional acquisition services in Utah and Nevada. In the past three years, Bonneville has originated over $1 billion in loans and sales on property throughout the United States with a particular emphasis on Utah, Nevada and Idaho.
Ocwen Financial Corporation (NYSE:OCN) is a diversified financial services holding company with headquarters in West Palm Beach, FL, and a presence in Canada, Germany, India, Japan and Taiwan. Ocwen Financial Corporation is engaged in a variety of businesses related to residential and commercial mortgage servicing, real estate asset management, asset recovery, global outsourcing, and the marketing and sales of technology solutions to third parties. Ocwen Financial Corporation is a global leader in customer service excellence as a result of our company-wide commitment to quality, integrity and accountability. Additional information about Ocwen Financial Corporation is available at www.ocwen.com.
