LaCrosse Global Fund Services and Ocwen Financial (OCN) Announce Partnership in Investment Funds
LaCrosse Global Fund Services and Ocwen Financial Corporation (NYSE: OCN) announced the introduction of a specialized suite of services available to investment funds investing in US-based loans, mortgages and distressed assets. Ocwen will provide seamless integration of its innovative mortgage servicing and valuation offerings to customers of LaCrosseMortgage+(tm), a specialized fund administration and middle-office support package for investment funds that trade in whole loans.
Specific components of LaCrosseMortgage+ offered by LaCrosse include fund administration for the investment pool and related entities, as well as middle-office and operational support for any securitized or derivatives trading. Services offered by Ocwen as part of this partnership include valuation, due diligence, forensics and a full suite of services to support pre-foreclosure, foreclosure and real-estate owned (REO) assets. [SM]
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