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Ocwen Patents Online Remittance Process.(Special Report)(Ocwen Financial Corp.)(Brief article)
West Palm Beach, FL-Ocwen Financial Corp., a servicer of subprime mortgage loans, has received a patent for an e-commerce invoicing system it uses to streamline the complex task of managing real estate-owned properties.
Ocwen's REALRemit electronic invoice management system was granted a patent from the U.S. Patent and Trademark office in August.
The system manages the invoicing and expenses, sometimes issued by hundreds of third-party vendors for an REO portfolio, that are generated when a foreclosed or vacant property is put up for sale.
It allows Ocwen and third-party licensees of ...
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