Ocwen Financial Corporation provides asset management and business process solutions to the financial services industry. It principally offers loan servicing, special servicing, mortgage loan due diligence, and receivables management services. The company operates in two segments, Ocwen Asset Management and Ocwen Solutions. The Ocwen Asset Management segment provides asset management and resolution services primarily to owners of subprime mortgage loans. This segment also involves in the trading and investing activities, including investments in subprime residual mortgage backed trading securities and whole loan purchase and securitization activities; and managing residential assets. The Ocwen Solutions segment offers mortgage and default services, which include residential property valuation, mortgage due diligence, mortgage underwriting, and insurance support. It segment also provides collection services for owners of delinquent and charged-off receivables; and contingency collections and customer relationship management services for credit card issuers and other consumer and credit providers. This segment also designs, develops, and delivers a suite of technology products and services to the mortgage industry. The technology products include the REAL suite of applications that supports its servicing business, as well as the servicing and origination businesses of external customers. The company has operations in the United States, Germany, Canada, Uruguay, and India. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida with additional offices in Arizona, California, Florida, Georgia, Illinois, and New York, as well as in Germany, Canada, Uruguay, and India.