WEST PALM BEACH, Fla., May 17, 2007 (PRIME NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN), a leading provider of servicing and origination processing solutions to the loan industry, was named a Finalist in the Best Corporate Social Responsibility Program category in The 2007 American Business Awards(sm). Ocwen recognizes that part of being a successful and well-respected company is being socially responsible. Ocwen partners with national and local non-profit organizations to implement programs to prevent foreclosure through Homeownership Preservation Initiative. Ocwen is also a founding sponsor and participant in the national foreclosure prevention program organized by the NeighborWorks(r) America Center for Foreclosure Solutions.
Ocwen has been involved in various community initiatives including Hurricane Katrina relief efforts, homeownership workshops, "Paint Your Heart Out" initiative, The Heart Walk, plus food and toy drives. Ocwen's "Home for the Holidays" initiative provides direct support to a customer whose family is struggling to overcome challenging odds.
"We are indeed proud and happy to be nominated as one of the finalists in this category. Ocwen's Homeownership Preservation Program has been successful in helping customers avoid foreclosure and we are glad to be recognized for this accomplishment," said Vice President and Chief Risk Officer William E. Rinehart of Ocwen.
"Being named a Finalist in The American Business Awards is an important achievement," said Michael Gallagher, founder and president of The Stevie Awards. "It means that independent business executives have agreed that the nominee is worthy of national recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition."
Stevie(r) Award winners will be announced during the annual gala on Monday, June 11 at the Marriott Marquis Hotel in New York City. More than 700 executives from across the U.S.A. are expected to attend. The ceremonies will be videocast on the Internet and broadcast on radio, and hosted by Larry Wilmore of TV's THE DAILY SHOW with JON STEWART.
Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba.
About Ocwen Financial Corporation
Ocwen Financial Corporation is a leading provider of servicing and origination processing solutions to the loan industry with headquarters in West Palm Beach, Florida; offices in Orlando, Florida; Lisle, Illinois and Atlanta, Georgia and global operations in Canada, Germany and India. We make our clients' loans worth more by leveraging our superior processes, innovative technology and high-quality, cost-effective global human resources. Additional information is available at www.ocwen.com.
About The Stevie Awards
Hailed as "the business world's own Oscars," Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Selling Power Sales Excellence Awards. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.