In Brief: Ocwen Unit to License Loan Servicing Software

Ocwen Financial Corp. has established Ocwen Technology Xchange Inc. to supply software products to the mortgage and real estate industries, the company said.

The thrift company, which specializes in nonperforming and subprime loans, plans to make its mortgage loan servicing, resolution, and origination technology available to third parties through software licenses.

The company said its software would be geared to loan origination, loan servicing, construction loan servicing, default management, and REO management, among other real estate activities.

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