WEST PALM BEACH, Fla., May 5, 2004 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) announced today that OTX entered into a multi-year agreement with Aegis Mortgage Corporation to license OTX's state of the art residential mortgage servicing system, REALServicing(r). REALServicing is a proven, integrated mortgage servicing solution including resolution management.
Ocwen Financial Corporation is a financial services company headquartered in West Palm Beach, Florida. The Company's primary business is the servicing and special servicing of nonconforming, subperforming and nonperforming residential and commercial mortgage loans. Ocwen also specializes in the development of related loan servicing technology and software for the mortgage and real estate industries. Additional information about Ocwen Financial Corporation is available at www.ocwen.com.