WEST PALM BEACH, Fla., Feb. 17, 2004 (PRIMEZONE) -- William C. Erbey, Chairman and CEO of Ocwen Financial Corporation (NYSE:OCN), the mortgage industry's largest third-party global outsourcer, has announced that W. Michael (Mickey) Linn has agreed to lead Corporate marketing efforts. As the Executive Vice President of Sales and Marketing, Linn will be responsible for developing strategic partnerships, and directing sales, marketing and channel management.
"Mickey has a terrific understanding of the mortgage industry and our business from his service on the Ocwen Board of Directors. His depth of experience in leading rapid growth in new technologies and services makes him ideally suited to lead our outsourcing and technology marketing efforts," said Mr. Erbey.
Linn has extensive experience managing rapid growth in the technology, software and financial services industries. Most recently, he served as President of VerticaLogic, Inc. where he worked closely with Microsoft to roll out software solutions designed to meet the needs of specific vertical markets.
Previously, Linn served Solomon Software (now part of Microsoft) first as a member of the Board of Directors, and then as Executive Vice President of Sales and Marketing. Under his leadership, sales approximately quadrupled in a three-year period. He was an originator of the ERP strategy for the middle market and led the roll out of Project Controller, now the basis for Microsoft's PSA software suite. Mr. Linn also managed Solomon's strategic relationships including those with its channel of distribution, consisting of 500 Value Added Resellers and 150 Independent Software Developers.
Linn graduated from Harvard College (BA- Government, Cum Laude) and received his MBA from Harvard Business School.
Ocwen Financial Corporation (NYSE:OCN) is a diversified financial services holding company with headquarters in West Palm Beach, Florida and operations in India, Canada, Japan, Taiwan and Germany. 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.