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Ocwen Financial Corporation has announced the re-launch of a free database of loan-level data for mortgages serviced by Ocwen in private label mortgage-backed securities (MBS), powered by the REALPortal platform. Ocwen uses the REALPortal platform, licensed from Altisource Solutions, to provide mortgage investors with access to the most accurate data on loans serviced by Ocwen, as well as analytical tools and details on processes, procedures and loan performance. The re-launch addresses a variety of requests from mortgage loan investors to enhance functionality, access to data and bandwidth. Additional functionality is being planned for near-term implementation.
REALPortal is fully searchable by MBS deal name and includes loan-level data for each active, Ocwen-serviced, transaction from the date Ocwen began servicing the deal. The database was compiled over the last ten years and was recently beta tested with enhanced user functionality, improved bandwidth and open access to more data.
"Ocwen strives to be the most transparent mortgage servicer in the industry, and to provide mortgage loan investors with valuable data and analytics to support their portfolio management process," said Ronald Faris, president and CEO of Ocwen. "The broad re-launch of REALPortal offers Private Label MBS investors granular loan data and analysis on mortgages collateralizing more than 3,000 MBS transactions."
Access to Ocwen's REALPortal service is free, and interested parties can register a log-in and password at www.realportal.com. Ocwen will provide a training Webinar for interested investors in the near term.