Ocwen Financial Names George Henley Executive Vice President and Chief Growth Officer
Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”),
a leading non-bank mortgage servicer and originator, today
announced the appointment of George T. Henley as Executive Vice
President and Chief Growth Officer, effective February 15, 2021.
Mr. Henley will become a member of the Company’s executive
leadership team and report to Glen A. Messina, President and Chief
Executive Officer of Ocwen.
In this role, Mr. Henley will be responsible for the growth and
development of the Company’s originations business and operations.
This includes customer acquisition and retention in forward and
reverse mortgages; enterprise sales efforts to expand its
subservicing, correspondent and flow mortgage servicing rights
(“MSR”) client base; and the purchase of bulk MSRs. He will also be
responsible for continuing to enhance and expand the Company’s
Most recently, Mr. Henley served as Executive Vice President,
Retail Lending of Freedom Mortgage responsible for sales,
operations and originations channel expansion. Prior to this role,
he was Executive Vice President, Capital Markets and Correspondent
Lending responsible for the growth and development of Freedom
Mortgage’s correspondent lending channel.
Glen A. Messina, President and CEO of Ocwen, said, “We are
excited to have George join the Ocwen team. He is an innovative and
driven leader with deep knowledge across all aspects of mortgage
banking. George’s track record of leading high-performing teams and
growing originations channels is very impressive. We believe his
experience and skillset will enable us to accelerate our already
strong growth profile.”
Mr. Henley will succeed Timothy J. Yanoti, who is departing
after a brief transition period to pursue opportunities outside of
Ocwen. Mr. Yanoti will remain with the Company through February 28,
2021 to assist in the leadership transition.
“I want to sincerely thank Tim for his contributions to Ocwen
and his commitment to growing our business. Tim helped us build out
our multi-channel originations platform and establish a solid
foundation to grow from. I wish Tim all the best in his future
endeavors,” commented Mr. Messina.
George Henley Background
George Henley most recently served as Executive Vice President,
Retail Lending for Freedom Mortgage overseeing its traditional
retail channel, including sales and operations. In addition to his
role as head of retail lending, Mr. Henley worked in capital
markets, responsible for retail channel pricing and margin
management as well as GSE relations. He joined Freedom Mortgage in
December of 2012 as Executive Vice President, Capital Markets and
Correspondent Lending where he was responsible for the growth and
development of the company’s national correspondent lending
channel. Prior, Mr. Henley held executive positions in sales,
credit and capital markets with JPMorgan Chase, SunTrust Mortgage,
CitiMortgage, and other regional mortgage banking firms. He has
served on various agency advisory boards, including FannieMae
Shipping and Delivery, FreddieMac Loan Prospector and FannieMae
Mississippi Housing Partnership Office Advisory. Mr. Henley is a
member of the Secondary and Capital Markets Committee for the
Mortgage Bankers Association.
About Ocwen Financial Corporation
Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank
mortgage servicer and originator providing solutions through its
primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH
Mortgage is one of the largest servicers in the country, focused on
delivering a variety of servicing and lending programs. Liberty is
one of the nation’s largest reverse mortgage lenders dedicated to
education and providing loans that help customers meet their
personal and financial needs. We are headquartered in West Palm
Beach, Florida, with offices in the United States and the U.S.
Virgin Islands and operations in India and the Philippines, and
have been serving our customers since 1988. For additional
information, please visit our website (www.ocwen.com).
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements may be identified by a
reference to a future period or by the use of forward-looking
terminology, such as “believe”, “expect”, “may”, or “will”,
although not all forward-looking statements contain these words.
Forward-looking statements in this press release relate to the
Company’s plans and strategies to expand and strengthen our
originations business and operations, related business development
efforts, and the anticipated results of such plans and strategies.
In the past, actual results have differed from those suggested by
forward-looking statements and this may happen again.
Forward-looking statements involve a number of assumptions, risks
and uncertainties that could cause actual results to differ
materially, including the risks and uncertainties detailed in
Ocwen’s reports and filings with the SEC, including its annual
report on Form 10-K for the year ended December 31, 2019 and its
current and quarterly reports since such date. Anyone wishing to
understand Ocwen’s business should review our SEC filings. Our
forward-looking statements speak only as of the date they are made
and, we disclaim any obligation to update or revise forward-looking
statements whether as a result of new information, future events or
otherwise. Readers should bear these factors in mind when
considering such statements and should not place undue reliance on
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