Information

OCWEN

Has anyone done a deal with OCWEN?  On their forms it states commissions cant exceed 4%, is this true?

Members: 87
Latest Activity: Jan 22

Discussion Forum

Ocwen not extending closing dates from approvals prior to 3/1/14 .. Blames Consumer Finance Protection Bureau (CFPB)

Started by TOP END Properties. Last reply by Janice Wheeler Mar 20, 2014. 1 Reply

I was informed by Ocwen today that they will not extend any short sale closing dates with approvals prior to 3/1/14 because of new guidelines set by the Consumer Finance Protection Bureau (CFPB).I…Continue

Tags: march, guidelines, ocwen, protection, short

Need Eslation help

Started by Janice Wheeler. Last reply by Tony Morales Mar 13, 2014. 6 Replies

I am too mad to write coherently. I have been working on a  Hafa short sale since Jun 2012. I keep getting the run around. I was told by someone in India that we had approval but they couldn't resend…Continue

Glad to be here

Started by Steve Jhee, GRI Mar 1, 2014. 0 Replies

Just signed up, seller of my listing got Ocwen.I might have a few questions with this group, I would like to see your discussions.Continue

1 loan, already approved but Ocwen won't approve the new CASH buyer

Started by Annette Whitehead. Last reply by Aileen Potter Jul 30, 2013. 1 Reply

I represent a distressed seller, listed & attracted a buyer who made a full priced offer within 10 days, subject to appraisal & financing. We submitted everything required, several times…Continue

Comment Wall

Comment

You need to be a member of OCWEN to add comments!

Comment by Denise Nuno on February 7, 2014 at 4:18pm

I worked with OCWEN on REOs but am currently doing a SS with them and have another to initiate now. OCWEN is the absolute worst SS servicer I've ever worked with! All borrower support appears to be from out of country, and they manage short sales as if they were foreclosures. It is ominous news for our short sale clients to have REO servicers take over SS servicing!

Comment by Patti Guilford on August 5, 2013 at 1:55pm
Comment by Lisa Jones on May 20, 2013 at 11:04am

I have one with them right now and the most they will pay is 4%.

The last one I had they paid 5%.

Comment by Elizabeth Lee on May 20, 2013 at 1:58am

I had an OCWEN short sale end of last year that took me 2 months to receive the approval with 6% commission.  The buyer needed an extension.  I received the extension within one week with one exception, a 5% commission now.  Their excuse was that was the new rule.  Never mind that they had already approved it with the 6%.  Since i am on the West Coast, OCWEN only works on East Coast time.  It was a challenge sometimes due to the time change.  They do outsource and can escalate the file if needed. 

Comment by Celeste ODea on May 19, 2013 at 10:10pm

Does Ocwen only pay 2% closing help?

Comment by Carol J. Fisher on November 22, 2012 at 5:32am
I recently negotiated a sale with B of A on the first and OCWEN on the second. After reading all the horror stories I sent off my complete SS package expecting to be either ignored or denied. I received an approval letter back in 10 days with no revisions. I have one very happy Seller!
Comment by John Stenginer on October 17, 2012 at 11:50am

Two mortgages on short sale.  The first one was approved by Wellsfargo.  Second one is Ocwen being worked on by LCS.  LCS says they need 72 hours for review time, is that typical?  Has anyone dealt with them recently?  Can they approve the second within 72hours or will they ask for any addtional items?

Thanks,

John

Comment by Kathleen Robinson on October 16, 2012 at 11:31am

Ocwen allows a 6% real estate commission. This is clarified on our short sale package, available on our website.

Also - best way for an authorized party to communicate with our short sale team is by calling the customer service number (800-746-2936), authenticate yourself and follow the SS prompts. It will take you directly to our SS call team.

Kathy Robinson, Senior Manager

Ocwen Foreclosure Alternatives   

Comment by Diana Talhelm on September 4, 2012 at 2:40pm

I have one with OCWEN in progress. Commission is 6 %

Comment by Debbie Geavaras on June 19, 2012 at 11:10pm

Closing one tomorrow at 6%

 

Members (87)

 
 
 

Discussion Forum

Need Eslation help

Started by Janice Wheeler. Last reply by Tony Morales Mar 13, 2014. 6 Replies

Glad to be here

Started by Steve Jhee, GRI Mar 1, 2014. 0 Replies

1 loan, already approved but Ocwen won't approve the new CASH buyer

Started by Annette Whitehead. Last reply by Aileen Potter Jul 30, 2013. 1 Reply

ocwen

Started by Rob E. Kirchner. Last reply by Paula luttrell Mar 11, 2013. 1 Reply

© 2018   Created by Mike Linkenauger.   Powered by

Badges  |  Report an Issue  |  Terms of Service