WEST PALM BEACH, Fla., March 29, 2021 (GLOBE NEWSWIRE) — PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced that Andy Peach has joined the Company as Senior Vice President, Correspondent Lending.
In this role, Mr. Peach will be responsible for leading PHH’s rapidly growing Correspondent Lending business and will report directly to George Henley, Ocwen’s Chief Growth Officer. The Company’s Correspondent Lending business has experienced significant growth since its launch in 2019. In the fourth quarter of 2020, the channel generated $2.6 billion in volume, a 34 percent increase from the prior quarter. The channel had nearly tripled its seller base at the end of 2020 as compared to the prior year and continues to add new correspondent sellers.
Mr. Peach joins PHH from Mr. Cooper, where he was Senior Vice President, Correspondent Sales. Over his 30-year career, he has held a series of leadership positions at leading lenders, including President and Chief Executive Officer at Waterstone Mortgage, and Managing Director and Chief Production Officer at Pacific Union Financial responsible for all sales and operations for the company’s Correspondent, Wholesale, Retail and Consumer-Direct channels. Earlier, Mr. Peach held senior positions at JP Morgan Chase, Aurora Loan Services and Bank of America. He holds a Bachelor of Science degree in Finance and Marketing from the University of South Carolina.
“Andy’s extensive track record of successfully driving profitable production while emphasizing exemplary customer service makes him a great addition to our Originations team,” commented Mr. Henley. “He has a wealth of experience and his hiring helps to solidify our commitment to growing our Correspondent Lending business, which is an important component of our overall growth strategy.”
About Ocwen Financial Corporation
Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation’s largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. We are headquartered in West Palm Beach, Florida, with offices in the United States and the U.S. Virgin Islands and operations in India and the Philippines, and have been serving our customers since 1988. For additional information, please visit our website (www.ocwen.com).
