Ocwen Financial  sent out a memo to employees early this afternoon informing them that the firm won the bid for Residential Capital Corp. (ResCap), the nation’s fifth largest servicer, according to a source familiar with the situation.

This source was read the memo over the phone, adding that in the message Ocwen promised employees that it will be “committed” to lending and servicing and that it will grow its “on-shore” operations.

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