Ocwen Financial Corporation is approaching its deal to acquire PHH Corp. The company has made some personnel changes in preparation for the acquisition and has appointed John V. Britti as
"John V. Britti, who currently serves as the West Palm Beach, Fla.-based servicer and originator’s executive vice president and chief investment officer, will assume the top spot on an interim basis effective July 1, Ocwen announced late Monday night," according to Reverse Mortgage Daily.
"Britti will succeed Ron Faris, who’s set to retire at the end of this month, and his term will last only until the company’s $360 million acquisition of PHH is finalized."
In addition to his role as CEO Britti will also retain his current titles as executive Vice President and CIO.
To learn more about the new personnel changes for Ocwen Financial Corporation, click on the image above.