WEST PALM BEACH, Fla., Aug. 8, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) announced today that WESTCAP CORP has chosen REALSynergy(r), Ocwen's commercial and multi-family loan servicing platform, to support its growing commercial loan portfolio.
According to Steve Beck, a Director at WESTCAP CORP, they chose REALSynergy due to its comprehensive and efficient commercial loan servicing functionality.
REALSynergy is an advanced, Windows-based full-service commercial and multi-family loan servicing system. "It is a life of servicing solution that handles virtually any loan structure, stores all information in a single repository and provides a flexible, customizable user interface. We have 50+ customers nationwide utilizing the REALSynergy software in their day-to-day servicing operations today and we are proud to have WESTCAP CORP as a new client," commented Debbie Winslow, Director of REALSynergy.
ABOUT WESTCAP CORP:
Established in 2007, WESTCAP CORP is a privately owned full service commercial mortgage banking company with offices in Irvine, California. The company services commercial income property loans for institutional investors primarily in the Southern California marketplace.
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.