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Ocwen Says CFO’s Departure Not a Concern

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Mortgage Daily

                                                 May 30, 2018

After four years with Ocwen Financial Corp., the firm’s chief financial officer is leaving. But Ocwen issued a statement reassuring investors about why he is resigning.

In 2014, Michael R. Bourque Jr. replaced John V. Britti as the CFO of the West Palm Beach, Florida-based mortgage servicing organization.

Bourque originally joined Ocwen in February 2011. At the time he was named CFO, Bourque was an executive vice president at the company.

But on Tuesday, Ocwen disclosed that Bourque is resigning.

“Mr. Bourque’s resignation is not due to any disagreement with Ocwen relating to the company’s operations, policies or practices,” the statement said.

His decision to leave was due to his acceptance of a job at another financial services company.

His last day is June 22.

Ocwen said it has already started searching for a qualified candidate to take over the CFO slot. It will consider candidates from both inside and outside the company.

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