When Phyllis Caldwell was considering whether to accept a seat on Ocwen's board of directors, one of the items she prioritized was the company's commitment to diversity.

Caldwell, a former Treasury official who joined Ocwen's board in 2015 and became its non-executive chair in 2016, noted people of color represent just over 40% of the company's workforce, and that number is bolstered by the company's significant presence in India and the Philippines. Two people of color sit on the company's eight-member board.

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