EDITOR'S NOTE: This servicer evaluation was originally printed in June 1997 and now appears on RatingsDirect. Ocwen Federal Bank FSB (Ocwen), a wholly owned subsidiary of Ocwen Financial Corp., is ranked a STRONG asset manager. The ranking is based on the company's highly seasoned management and professional staff, exceptionally well-automated environment, well-documented and effective procedures, and a proven ability to manage both large, complex assets and smaller properties with excellent results. The company's key asset management processes are highly efficient. These include a fully automated asset valuation and business plan process and a highly disciplined approach to due diligence and portfolio acquisitions. While Ocwen's asset management operation has traditionally served to maximize the company's yields on investments in distressed portfolios,
