LaCrosse Global Fund Services and Ocwen Financial have formed a partnership to offer a back-office service including fund administration and real estate expertise in loan servicing and valuation.

LaCrosse and Ocwen will work together to provide a specialised suite of services available to investment funds investing in US-based loans, mortgages and distressed assets.

Ocwen will provide integration of its mortgage servicing and valuation service to customers of LaCrosseMortgage+, a specialised fund administration and middle-office support package for investment funds that trade in whole loans.

LaCrosseMortgage+ includes fund administration for the investment pool and related entities and middle-office and operational support for any securitised or derivatives trading.

Services offered by Ocwen as part of the partnership include valuation, due diligence, forensics and a full suite of services to support pre-foreclosure, foreclosure and real estate owned assets.

LaCrosse Global Fund Services provides operations, middle-office and administration services to managers of complex hedge funds globally. LaCrosse provides support for a wide range of strategies traded by global portfolio managers covering fixed income, distressed debt, structured credit, foreign exchange, equities, commodities and a full range of related derivatives.

Ocwen Financial is a business process outsourcing provider to the financial services industry, specialising in loan servicing, mortgage fulfilment and asset recovery services.