Additionally, he spent nearly 19 years at the Ocwen Financial Corporation family of companies, where he launched Home Loan Servicing Solutions, Ltd. (HLLS), an Ocwen affiliate that operated as a separate publicly-traded company. Together, they raised $1.2B of equity in the IPO and follow-on offerings and purchased the mortgage servicing rights from Ocwen that resulted in Ocwen becoming a capital-light operator while HLSS managed the capital-intensive assets. His work helped grow the firm’s market cap to $1.6B. Rich completed his Bachelor of Business Administration in Accounting from Iona College.
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