WEST PALM BEACH, Fla., Sept. 18, 2001 (PRIMEZONE) -- Ocwen Technology Xchange, Inc. (OTX), a subsidiary of Ocwen Financial Corporation (NYSE:OCN), has named Jack Timpe as its Executive Vice President and National Sales Manager.
Mr. Timpe brings more than two decades of experience in the mortgage and technology industries. He has spent the past 11 years within the sales organization at Alltel Information Services' Residential Lending Services division, having most recently served as its Executive Vice President of Sales and Marketing. Prior to joining Alltel, Mr. Timpe spent 10 years managing production, servicing and secondary marketing functions at various lending institutions.
In his new role, Mr. Timpe will be responsible for leading OTX's sales initiatives for the company's customer-focused business solutions including REALTrans(r) and REALServicing(tm). "OTX's technology is well-positioned to meet the needs of a changing market with emphasis on ease of use, scalability, strong vendor management capabilities, easy access to data for mining purposes and a robust mature solution for default management and loss mitigation," said Mr. Timpe.
Arthur Ringwald, OTX's President and Chief Executive Officer, stated, "We are very excited to have a person with Mr. Timpe's experience and stature in the mortgage industry assume this critical leadership role. Having someone of his caliber join OTX obviously speaks volumes with regard to the quality of our products and the prospects for our future."
Ocwen Technology Xchange, Inc. provides business-to-business e-commerce solutions via the Internet for the mortgage and real estate industries, designs software solutions for mortgage loan origination and servicing and also provides implementation, integration and consulting services related to its software and Internet products.
Ocwen Financial Corporation is a financial services company headquartered in West Palm Beach, Fla. In addition to OTX, the Company's primary business is the servicing and special servicing of nonconforming, subperforming and nonperforming residential and commercial mortgage loans. Additional information about Ocwen Financial Corporation is available at www.ocwen.com.