WEST PALM BEACH, Fla., Feb. 16, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) was honored at City Hall in downtown West Palm Beach, Florida. Mayor Lois Frankel presented Ronald Faris, President of Ocwen, with the Key to the City of West Palm Beach in recognition of the businesses contribution to the local community and economy.
"Ocwen is very pleased to be headquartered in West Palm Beach and part of the business community for almost our entire history in business," said Mr. Faris. Ocwen recognizes that part of being a successful and well-respected company is being socially responsible. What Ocwen does is help homeowners. Ocwen is one of the largest independent servicers of non-conforming mortgage loans in the United States. Through our Homeownership Preservation Initiative, we partner with national and local non-profit organizations to implement programs to prevent foreclosure. Ocwen is also a founding sponsor and participant in the national foreclosure prevention program organized by the NeighborWorks(r) America Center for Foreclosure Solutions.
In the past, Ocwen has been involved in various community initiatives in West Palm Beach including hurricane Katrina relief efforts, homeownership workshops, "Paint Your Heart Out" initiative, The Heart Walk, plus food and toy drives.
Over the past 18 years, Ocwen has employed hundreds of local residents and attracted many professionals who have relocated to West Palm Beach. Mayor Frankel said she rarely gave keys to the city and Ocwen received one of the six given during her tenure.
About Ocwen Financial Corporation
Ocwen Financial Corporation is a leading provider of servicing and origination processing solutions to the loan industry with headquarters in West Palm Beach, Florida, offices in Orlando, Florida, Downers Grove, Illinois and Atlanta, Georgia and global operations in Canada, Germany, India and Taiwan. We make our clients' loans worth more by leveraging our superior processes, innovative technology and high-quality, cost-effective global human resources. Additional information is available at www.ocwen.com.