Management

William C. Erbey. Mr. Erbey has served as the Executive Chairman of the Board of Directors of Ocwen since September 1996, as the Chief Executive Officer of Ocwen from January 1988 to October 2010 and as the President of Ocwen from January 1988 to May 1998. From 1983 to 1995, Mr. Erbey served as a Managing General Partner of The Oxford Financial Group, a private investment partnership that was the predecessor of Ocwen. Mr. Erbey has also served as Chairman of the Board of Directors for Altisource Portfolio Solutions S.A. since July 2009. He is also the founder of Home Loan Servicing Solutions, Ltd. and has served as its Chairman since December 2010. He also has served as Chairman of the Board of Directors of Altisource Residential Corporation since July 2012 and as Chairman of the Board of Directors of Altisource Asset Management Corporation since March 2012. From 1975 to 1983, Mr. Erbey served at General Electric Capital Corporation in various capacities, most recently as the President and Chief Operating Officer of General Electric Mortgage Insurance Corporation. Mr. Erbey also served as the Program General Manager of GECC's Commercial Financial Services Department and as the President of Acquisition Funding Corporation. He holds a Bachelor of Arts in Economics from Allegheny College and a Master of Business Administration from Harvard University.

With extensive experience in the financial services and mortgage industries, Mr. Erbey provides the Board of Directors with an informed perspective and thoughtful insights into strategic and operational opportunities, economic and industry trends of relevance to the Company and guidance on the competitive positioning of the Company. Throughout his tenure, Mr. Erbey has successfully demonstrated his business acumen and commitment to our Company. His wide-ranging expertise in the financial services business and extraordinary leadership capabilities are recognized as invaluable by the Board of Directors.

Mr. Faris has served as a Director of Ocwen since May 2003, as the President of Ocwen since March 2001 and as Chief Executive Officer since October 2010. Mr. Faris served as Executive Vice President of Ocwen from May 1998 to March 2001, as Senior Vice President from May 1997 to May 1998 and as Vice President and Chief Accounting Officer of Ocwen from June 1995 to May 1997. From March 1991 to July 1994, he served as Controller for a subsidiary of Ocwen. From 1986 to 1991, Mr. Faris was a Vice President with Kidder, Peabody & Co., Inc. and from 1984 to 1986 worked in the General Audit Department of PricewaterhouseCoopers LLP. He holds a Bachelor of Science in Accounting from The Pennsylvania State University.

In 2009, Mr. Anderson assumed the responsibility for managing all of Ocwen's Residential Loan Servicing operations. Prior to this, he served as Senior Vice President, Residential Assets since November 2001. His duties included management of the Investor Reporting, Mortgage Analytics, Customer Service and Mortgage & Servicing Operations functions within Residential Loan Servicing. Formerly, he was also responsible for managing the Default Servicing, Loan Resolution, REO Sales and Strategic Planning functions within Residential Loan Servicing. Mr. Anderson has also held positions in the Retail Banking and Transaction Management divisions within the firm. Prior to joining Ocwen in November 1993, Mr. Anderson was employed by CIGNA. He holds a Bachelors Degree in Economics from Bowdoin College.

Mr. Britti has served as Executive Vice President and Chief Financial Officer since March 2012. He previously served as Executive Vice President of Ocwen responsible for Finance and Business Development from January 2011. Prior to joining Ocwen, Mr. Britti was Chief Operating Officer for mortgage insurer RMIC from 2005 to 2011. Mr. Britti held two positions at Freddie Mac as a Vice President running Field Sales and Pricing & Structured Transactions. Mr. Britti has also been a Vice President at Capital One running Thrift and Mortgage Operations. After business school, Mr. Britti worked at McKinsey & Company in their financial services industry group. He holds a BA in Economics from the University of Maryland and a Masters of Business Administration from Dartmouth's Amos Tuck School.

Mr. Koches has served as Executive Vice President and General Counsel since May 2008 and as Secretary since August 10, 2009. He previously served as Senior Vice President and General Counsel of Ocwen from August 2002. Prior to joining Ocwen, Mr. Koches was a Partner with Arent Fox, LLP in Washington, D.C. Mr. Koches holds a Bachelor of Arts from the University of Connecticut and a Juris Doctorate degree from the University of Miami Law School.

Mr. Ravi serves as Senior Vice President & Chief Risk Officer since May 2011. He previously served as Vice President and Chief Risk Officer for Ocwen Financial Corporation since June 2008. From 2002 to 2008, Mr. Ravi served as Head of Trust Funds Accounting Operations at the World Bank, India. Mr. Ravi is a Chartered Accountant, Certified Public Accountant, Certified Internal Auditor and Certified Information Systems Auditor. He holds a Bachelors Degree from Delhi University.

Mr. Stolberg has served as Director of Commercial Real Estate and is responsible for the management and oversight of Ocwen's' US Commercial Loan Servicing Department. Mr. Stolberg has held a variety of commercial real estate related positions at Ocwen during his 13 year tenure at the company. Prior to joining Ocwen in March 1997, Mr. Stolberg was the Manager of the Owned Real Estate Department for Chase Texas Bank in Dallas, Texas where he provided property management, leasing and disposition oversight for a broad portfolio of commercial real estate. Mr. Stolberg has over twenty years of real estate asset management and disposition experience and holds a Certified Property Manager (CPM) and a Certified Commercial Investment Manager (CCIM) designation. Mr. Stolberg is an active member of the Institute of Real Estate Management (IREM) He holds a Masters Degree in Political Economy from University of Texas in Dallas.