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Home > Company Index > Financial Services > Commercial Lending > Ocwen Financial Corporation

Ocwen Financial Corporation
NYSE: OCN
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 PROFILE
Ocwen seeks profits in problems. Moving away from subprime loan origination, Ocwen Financial is a financial services holding company that now focuses on acquiring and servicing substandard mortgage loans through its Ocwen Federal Bank subsidiary. The bank also services third-party residential mortgages, invests in low-income tax credits, and originates commercial real estate loans. The company, through subsidiary Ocwen Technology Xchange, develops and markets Internet-based mortgage loan-processing software. CEO William Erbey owns more than one-quarter of the company.

 COMPETITION
Advanta Corp. (ADVNB)
BNC Mortgage, Inc. (dossier)
ContiFinancial Corporation (CFNIQ)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 362.30
1-Yr. Sales Growth: (9.2)%
Employees: 1,217
Revenue per employee: $297,699.26

 KEY PEOPLE
• William C. Erbey
    CEO
• Mark S. Zeidman
    CFO

 CONTACT INFO
1675 Palm Beach Lakes Blvd.
West Palm Beach, FL 33401
US
Phone: 561-682-8000
Fax: 561-682-8177
Online: Web Site

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