WEST PALM BEACH, Fla., March 6, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) is pleased to announce recognition as a leading innovator in providing global services. Global Services Magazine working with neoIT selected Ocwen to be included in the Global Services 100 Most Innovative Service Providers listing that profiles the world's leading BPO and ITO service providers. The evaluation was based upon 250 data points collected from 550 leading service providers and third parties from eighteen countries regarding effective operations, service offerings, client relationships and human capital.
According to Rusty Weston, Editor-in-Chief, Global Services, the Global Services 100 firms were selected because they demonstrated a pattern of market leadership, innovation and outstanding customer service. Now in its second year, this listing has emerged as a key tool for Chief Information Officers as it introduces them to rising stars and emerging players not yet on their services radar screen.
W. Michael Linn, Executive Vice President, Sales & Marketing, Ocwen Financial Corporation said, "Global Services and neoIT are creating great value by increasing the visibility of companies that are succeeding in being innovators. Outsourcing is evolving to create global factories that focus on providing productized services to specific industries.
"As a pioneer of this concept in the mortgage industry, we work towards making our clients' loans worth more and enabling them to achieve their goals by leveraging our global mortgage factory model, superior processes, innovative technology and high quality cost effective global human resources."
About Global Services 100:
Judges from Global Services, a CMP-CyberMedia publication, teamed up with outsourcing experts at neoIT, a consulting firm that specializes in servicing globalization, to identify and evaluate the leading service providers located in fifteen countries on four continents. The Global Services 100 awards were announced at the Global Services Annual Conference in New York City on January 31, 2007.
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, Lisle, 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.