WEST PALM BEACH, Fla., Nov. 27, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) today announced that BRT Realty Trust (NYSE:BRT), a public mortgage REIT, has chosen Ocwen's REALSynergy(r), a proven and leading edge commercial and multifamily loan servicing platform, to support its growing commercial loan portfolio.
Jeffrey Gould, President of BRT Realty Trust, said, "We needed a proven servicing system that was flexible enough to accommodate the full range of commercial assets in our growing portfolio. REALSynergy's ease of use and quick implementation timeline, combined with its flexibility, made it a natural fit."
REALSynergy is an advanced, Windows-based, full-service commercial and multifamily loan servicing system. It handles virtually any loan structure, stores all information in a single repository and provides a flexible, customizable user interface. "Currently, we have over 50 mortgage bankers nationwide relying on REALSynergy to support their servicing operations. We are proud to have BRT Realty Trust as a new client and look forward to delivering them the same great technology and product support that our other customers enjoy," commented Debbie Winslow, Director for REALSynergy.
ABOUT BRT REALTY TRUST:
BRT Realty Trust operates as a real estate investment trust in the United States. It primarily engages in originating and holding for investment senior and junior commercial mortgage loans secured by real property. BRT Realty Trust offers first mortgage loans, including condominium development, residential, multifamily residential, land, shopping centers/retail, office, and industrial building loans and second mortgage loans and junior participations.
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.