WEST PALM BEACH, Fla., Sept. 10, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) announced today that Tavernier Capital Partners, LLC ("Tavernier") has chosen REALSynergy(r), Ocwen's commercial and multi-family loan servicing platform, to support its growing commercial loan portfolio.
According to Leland Harty, Chief Operating Officer of Tavernier, a system with the capability to ". . . efficiently manage the servicing requirements of Tavernier's current $1.6B commercial and multi-family loan portfolio while permitting Tavernier to handle future portfolio growth" were key factors in their decision to select REALSynergy(r).
REALSynergy is an advanced, Windows-based full-service commercial and multifamily loan servicing system. "REALSynergy's flexibility, end-to-end servicing capabilities and 24/7 web-based access to key loan data for Investors and Borrowers were must haves for Tavernier in its selection process to find the best possible technology solution to manage its portfolio. We're proud to have Tavernier as a new client and we look forward to supporting them as they continue to grow," commented Debbie Winslow, Director of REALSynergy.
About Tavernier:
Tavernier Capital Partners, LLC, established in 2007, is a privately owned full service commercial mortgage banking company. Tavernier has offices in Jacksonville, Tampa, Boca Raton, Miami, and Orlando. Tavernier's servicing operations are located in Tampa. With offices in all 5 major markets in Florida, $2.2B in annual production volume and 20+ correspondent relationships, Tavernier is the dominant commercial mortgage banking operation in Florida and one of the largest commercial mortgage bankers in the Southeast.
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.