Oklahoma City, OK, August 11, 2003 – Real estate software developer and technology service provider a la mode, inc. and Ocwen Technology Xchange, Inc. (OTX), the technology subsidiary of Ocwen Financial Corporation (OCN) , announced today the release of a plugin to a la mode's Mercury Desktop product that is compatible with OTX's REALTrans(R) platform to receive and transmit appraisal reports from users fulfilling appraisal orders on the platform.

Mercury eliminates the need for appraisers to own several different applications simply to send appraisal reports to all of the mortgage lending and appraisal management companies they serve. Incorporated into REALTrans, lenders and appraisal management companies easily receive both the PDF version of the appraisal report, as well as data that helps those organizations track the report more efficiently. Mercury's Application Programming Interface's (API) open architecture, based on Extensible Markup Language (XML), allows any third-party software developer to write plugins which add client-specific quality assurance and workflow features to Mercury, allowing the product to function as a superior transaction utility for appraisers and their clients.

"Using a Mercury plugin specially developed for REALTrans allows lenders and other appraisal users a reliable and cost effective method for managing their collateral from virtually all their appraisers," said William Erbey, Chairman of OTX. "The Mercury plugin utilized in conjunction with REALTrans will automate a number of processes lenders and investors perform manually today in collecting and routing appraisal reports throughout the enterprise and loan process. Mercury also provides each of our clients a fully automated, rules-based quality control and rules-based re-ordering facility when exceptions arise. We believe that implementing this capability is just one more example of why REALTrans continues to be selected by the country's largest lenders as their one, enterprise-wide vendor management and transaction platform."

Appraisal reports sent via REALTrans using the Mercury plugin will flow directly into a lender's or appraisal management company's internal production systems, saving time and ensuring accuracy while providing better appraiser coverage due to a la mode's dominant market share.

About a la mode, inc.
a la mode, inc. is the leader in the design, development and support of real estate related software, Internet solutions and electronic document technologies. The company's flagship product, WinTOTAL, is used by more than 50 percent of the nation's appraisers, nearly three times the share of its closest competitor. a la mode's Mercury Network (http://www.alamode.com/mercury) servers delivered more than 13.6 million electronic appraisals in the past 12 months, making it the undisputed leader in paperless real estate transactions.

About OTX
Ocwen Technology Xchange, Inc. provides customer focused business solutions for the real estate finance industry on a global basis by providing superior business process expertise supported by technology. OTX offers products designed to reduce costs and improve customer satisfaction in residential mortgage origination and servicing and in commercial mortgage servicing. Additional information about OTX is available at www.otx.com

About Ocwen Financial Corporation
Ocwen Financial Corporation is a financial services company headquartered in West Palm Beach, Florida. In addition to OTX, the Company's primary business is the servicing and special servicing of nonconforming, sub- performing, and non-performing residential and commercial mortgage loans. Additional information about Ocwen Financial Corporation is available at www.ocwen.com.
.