6.15.2007 / Michael Flock
Ocwen-Nationwide Deal Shows Strength

In what looks like a solid fit, Ocwen Financial Corporation’s first major acquisition in the collections industry, Nationwide Credit, Inc., promises to leverage the strength of both companies.

Ocwen has enormous global infrastructure with operations in the U.S., Canada, Europe and India that can be used to grow and support its collections services.  Just the labor arbitrage alone of its offshore centers will add significantly to the margins of its debt collections business. Ocwen’s servicing experience combined with its state of the art technology, world-class training and six sigma processes should substantially leverage the current capabilities of Nationwide Credit.

Nationwide Credit is an industry leader in first and third party accounts receivable management and brings an attractive  customer base, especially its relationship with American Express, one of the premier portfolios in the industry. NCI also contributes a skilled management team and historical experience in the receivables management industry that will complement the loan servicing capabilities that has made Ocwen the successful financial services company that it is today.

Bill Shepro, SVP of Ocwen, and head of the Recovery Group, commented, “NCI’s long-standing presence as a leading accounts receivable management firm will strengthen Ocwen’s proven collections practice. NCI’s domain expertise combined with Ocwen’s global capabilities creates a collections platform that will add value to our clients.”