After spending nearly three decades with Ocwen Financial Corp., the mortgage firm’s president and chief executive officer is leaving the company.

Ron Faris joined the West Palm Beach, Florida-based mortgage-banking firm in 2001 as its president. He was named CEO in October 2010.

Faris led Ocwen as it grew its mortgage servicing portfolio from less than $100 million in 2010 to $465 billion by the end of 2013 — making it the fourth-largest U.S. servicer that year.

Source: Mortgage Daily