By entering "Settlement Central" on the secure GE Mortgage Insurance Web site, lenders can gain access to a full array of settlement services via customized links to their existing providers or from more than 1000 providers currently participating through the REALTrans^SM platform.

Lenders may order appraisals, title reports, broker price opinions (BPOs), tax services, inspections and other services, check status and receive delivery through GE’s site. There will be no registration fees or other connection charges for GE customers who access these electronic settlement services through the GE Mortgage Insurance Web site. This initiative is part of GE Mortgage Insurance’s emerging e-Business value proposition that is focused on a single premise – making our lending partners more productive and profitable. Our alliance with REALTrans^SM is another step towards bringing e-Business solutions that work for our customers today.

"Our goal is to provide lenders easy access to a broad array of innovative mortgage services that enables them to take full advantage of the speed and efficiency of e-Business technology" said Richard Nastasi, senior vice president of e-Business for GE Mortgage Insurance. "We are very excited to add REALTrans^SM to our menu of best in breed e-solutions that help lenders deliver faster service to borrowers while dramatically reducing their costs."

GE Mortgage Insurance is partnering with a small group of lenders to pilot test the new features this month. A full rollout is expected in April.

"The relationship between REALTrans.com and GE Mortgage Insurance represents a powerful combination of two technology leaders in the mortgage industry," said John R. Erbey, chairman and chief executive officer of Ocwen Technology Xchange, Inc. (OTX), the parent company of REALTrans.com. " Current REALTrans^SM customers have seen their cycle times cut in half and their origination costs reduced by 20% to 40%, or by $300 to $600 per loan. These same potential savings will now be available to the entire GE Mortgage Insurance customer base."

GE Mortgage Insurance is committed to providing lenders with innovative products, services and capital solutions to help expand markets and increase productivity.

GE Mortgage Insurance is a unit of Raleigh, NC-based GE Mortgage Corporation, a subsidiary of GE Capital. GE Capital, with assets of more than US$345 billion, is a global, diversified financial services company with 28 specialized businesses. A wholly-owned subsidiary of General Electric Company, GE Capital, based in Stamford, CT, provides equipment management, mid-market and specialized financing, specialty insurance and a variety of consumer services, such as car leasing, home mortgages and credit cards, to businesses and individuals around the world. GE is a diversified manufacturing, technology and services company with operations worldwide.

REALTrans.com, which provides a Web-based e-Commerce application for the mortgage and real estate industries, and Ocwen Technology Xchange, Inc., are subsidiaries of Ocwen Financial Corporation. Ocwen Financial Corporation is publicly traded on the NYSE under the symbol "OCN".