Ocwen Financial Corp., a provider of residential and commercial loans based in Atlanta, Georgia, bought Aurora Bank’s commercial servicing portfolio.

The portfolio comprises of 3,316 loans with a total principal balance of roughly $1.8 billion on May 31. As a result of this transaction, Ocwen will continue to develop its commercial mortgage servicing program. The company now provides over 5,250 small balance commercial loans with a combined, unpaid principal balance of about $2.4 billion.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.