Ocwen Financial recommends Hyland Software's OnBase system

Wed. November 12, 2008; Posted: 04:42 PM

Nov 12, 2008 (Datamonitor via COMTEX) -- OCN | Quote | Chart | News | PowerRating -- Ocwen Financial, a provider of business process outsourcing provider, will recommend Hyland Software's OnBase system to its customers as a complementary product to its RealSynergy Commercial Real Estate and Multi-Family loan servicing platform.

Deborah Winslow, director of RealSynergy at Ocwen, said: "Integrating RealSynergy with OnBase helps commercial lenders and servicers in several ways. It helps them to cut costs and reduce the use and storage of paper documents. It also helps them to become more efficient in their day-to-day loan servicing operations. These benefits are possible thanks to OnBase's advanced document management and workflow capabilities. This partnership is about giving our customers the tools they need for a more effective loan management process."

Jason King, director of financial services and insurance at Hyland Software, said: "We know the financial services industry. Our customers want to complete loans quicker and more efficiently. Being able to move on to the next loan keeps revenue flowing, and improved customer service builds repeat business. We developed our solution to help lenders and servicers become more successful today, tomorrow and in the future."

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For full details on Ocwen Financial Corp (OCN) click here. Ocwen Financial Corp (OCN) has Short Term PowerRatings of 5. Details on Ocwen Financial Corp (OCN) Short Term PowerRatings is available at This Link.

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