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Ocwen Financial Corporation Q4 2007 Earnings Call Transcript

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2008-02-12 11:56:08.0

Tags: Ocwen Financial Corp.

Earnings Call Excerpt

Ocwen Financial Corporation (OCN)

Q4 2007 Earnings Call

February 12, 2008 11:00 am ET

Executives

David Gunter - Senior VP, CFO and Treasurer

Bill Erbey - Chairman and CEO

Ron Faris - President

Bill Shepro - Senior Vice President of Ocwen Recovery Group

Presentation

Operator

Welcome to the Ocwen's Fourth Quarter and Year End 2007 Earnings Call. All participants will be in a listen-only mode for the duration of today's conference. Today's conference is being recorded. If you have any objections, you may disconnect at this time.

Now, I will turn the meeting over to Mr. David Gunter, Senior Vice President, CFO and Treasurer. Sir, you may begin.

David Gunter

Thank you. Good morning, everyone and thank you for joining us today. Before we begin, I want to remind you that a slide presentation is available to accompany our remarks. To access the slides, log on to our website at www.ocwen.com; select Shareholder Relations, then Calendar of Events, then Click Here to Listen to Conference Call. Then under Conference Call, Fourth Quarter 2007 earnings, select Click Here to Listen and View Slides.

Each viewer will be able to control the progression of the slides during the presentation. To move the slides ahead, please click on the gray button pointing to the right.

As indicated on slide 2, our presentation may contain certain forward-looking statements that are made pursuant to the Safe Harbor provisions of the federal securities laws. These forward-looking statements may be identified by a reference to a future period, or by use of forward-looking terminology. They may involve risks and uncertainties that could cause the company's actual results to differ materially from the results discussed in the forward-looking statements.

For an elaboration of the factors that may cause such a difference, please refer to the risk disclosure statement in today's earnings release, as well as the company's filings with the Securities and Exchange Commission, including Ocwen's 2006 Form 10-K. If you would like to receive our news releases, SEC filings, and other materials via e-mail, please contact Linda Ludwig at linda.ludwig@ocwen.com.

As indicated on slide 3, joining me for today's presentation are Bill Erbey, Chairman and CEO of Ocwen; Ron Faris, President of Ocwen; and Bill Shepro, Senior Vice President in charge of Ocwen Recovery Group. In light of the recently announced and still pending 'Going Private' Proposal which Bill will address in his remarks, legal council has advised that we not include a question-and-answer period in this earnings call.

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