WEST PALM BEACH, Fla., June 15, 2021 (GLOBE NEWSWIRE) — Ocwen Monetary Company (NYSE: OCN) (“Ocwen” or the “Firm”), a number one non-bank mortgage servicer and originator, immediately introduced that the Firm has partnered with HomeFree-USA, one of many nation’s main, Black-founded HUD-approved community-based monetary counseling nonprofit organizations, to create a direct hiring pipeline for graduates of HomeFree-USA’s Heart for Monetary Development® (“CFA”) program at traditionally black faculties and universities (“HBCUs”).
The brand new program will create full-time employment alternatives for HBCU college students who’ve efficiently accomplished the CFA program. The 2 organizations are nonetheless planning the official recruitment course of for eligible CFA students, and it’s anticipated to launch later this 12 months.
HomeFree-USA launched the Heart for Monetary Development® to introduce HBCU college students to profession alternatives within the mortgage, actual property, and monetary companies industries. All through the varsity 12 months, college students are taught cash administration expertise, proven tips on how to construct credit score, and study the significance of homeownership as a method for constructing wealth. As well as, college students obtain coaching on skilled improvement expertise.
The CFA initiative was piloted in 2017 at Fisk College and continues there, in addition to at North Carolina A&T State College, Fort Valley State College, Bowie State College, North Carolina Central College and Morgan State College. On account of its success, HomeFree-USA plans to broaden this system to all 107 HBCUs within the coming years.
“Ocwen is worked up in regards to the expanded partnership with HomeFree-USA to supply employment alternatives for CFA graduates of HBCUs. Variety and inclusion are deeply rooted in our core values at Ocwen and are integral elements of our tradition and work setting,” mentioned Lola Oyewole, Vice President of Human Assets and Chief Variety Officer at Ocwen. “Recruiting, growing and selling numerous expertise is extraordinarily necessary as a result of it positively impacts our capacity to foster innovation, serve our prospects and drive the success of our Firm and our staff.”
“Partnering with corporations like Ocwen permits us to proceed the necessary work of diversifying expertise in company America whereas offering a lot wanted monetary literacy to our college students at traditionally black faculties and universities,” mentioned Marcia Griffin, President and CEO of HomeFree-USA and an alumna of two HBCUs. “Only a few mortgage and actual property finance companies and monetary establishments have hiring applications that aggressively recruit immediately from HBCUs. This should change. College students at traditionally black faculties and universities are among the many finest America has to supply.”
For the reason that mortgage disaster of 2008, Ocwen and HomeFree-USA have labored in tandem to supply struggling owners with the instruments and alternatives to acquire and retain homeownership. Over this era, the organizations have collaborated on numerous monetary applications and academic initiatives designed to bridge the Black homeownership hole. The expanded partnership helps Ocwen’s long-standing dedication to range and inclusion by creating further alternatives to rent numerous expertise for all ranges of the group, which develops the required infrastructure and office setting to attain objectives, guarantee excellent efficiency and create respect for every staff member’s distinctive character and contributions.
About Ocwen Monetary Company
Ocwen Monetary Company (NYSE: OCN) is a number one non-bank mortgage servicer and originator offering options by its main manufacturers, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is among the largest servicers within the nation, targeted on delivering quite a lot of servicing and lending applications. Liberty is among the nation’s largest reverse mortgage lenders devoted to training and offering loans that assist prospects meet their private and monetary wants. We’re headquartered in West Palm Seashore, Florida, with places of work in the USA and the U.S. Virgin Islands and operations in India and the Philippines, and have been serving our prospects since 1988. For added info, please go to our web site (www.ocwen.com).
About HomeFree-USA / The Heart for Monetary Development®
HomeFree-USA is a Black-founded nonprofit began by Marcia and Jim Griffin in 1994 with a imaginative and prescient to shut the homeownership hole by giving African Individuals the steerage they should obtain and maintain homeownership. As a HUD-intermediary, HomeFree-USA serves the various pursuits of 6.3 million customers by its nationwide community of fifty plus affiliated, community-based nonprofits focusing on guiding folks to first-time homeownership, homeownership sustainability, and elevated monetary capability.
HomeFree-USA launched the Heart for Monetary Development® (CFA) as an answer to the trade’s name for extra range. HomeFree-USA companions with, trains, and gives college students from Traditionally Black Schools and Universities (HBCUs) alternatives for externships, internships, and full-time jobs in partnering mortgage and actual property finance corporations. Taking part CFA Students are uncovered to credit score, cash administration, management improvement, and homeownership, creating the subsequent technology of leaders and owners. For extra info, go to homefreeusa.org/cfa.
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