Ocwen Financial Corp. said Tuesday that it has patented an electronic system for tracking the expenses and invoices involved in managing repossessed properties.

The U.S. Patent and Trademark Office granted the patent for RealRemit on Aug. 12, Ocwen said. The West Palm Beach, Fla., company said it uses the technology in its main business — servicing subprime mortgages — and licenses it to third parties.

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