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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

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Comment by Teral McDowell on March 9, 2012 at 1:43am

I am representing a buyer on a short sale with OCWEN primary and GMAC secondary. It is good to read some positive comments on OCWEN.

Comment by Angelica Molina on March 8, 2012 at 3:06pm

Hello Christina-  They don't have a direct # for the  Short Sale Dept. I enjoyed the last short sale I closed  with OCWEN. 

Comment by Christina Simmons, CSSG,SFR,ABR on March 8, 2012 at 2:09pm

Is there a phone number to short sales dept for Ocwen anyone?

Comment by Helena Kaucheck on March 7, 2012 at 12:00am
Normal 6% commissions all. Fannie loans.
Comment by Helena Kaucheck on March 6, 2012 at 11:59pm
I have closed a few this year with Ocwen and one as a HAFA. Surprisingly very good to work with. Communication may be a bit delayed but I actually have come to like working with them.
Comment by Chris Vega on March 6, 2012 at 10:50pm

I am preparing for a short sale listing; 1st Servicer: Ocwen Loan Servicing, LLC Investor: Deutsche Bank National Trust Company as Trustee and 2nd Servicer: CitiMortgage, Inc. Investor: Citibank, N.A.. Homeowner has real hardship due to loss of employment and medical events. 1st Balance =$372,000, 2nd Balance= $100,000, Total Principal Balance= $472,000; FMV= $299,000 max. I'll keep this group posted with updates.

Comment by Jose Hernandez on February 1, 2012 at 9:34am

I just closed another one with Ocwen and they paid 6%

Comment by E C Hong on October 31, 2011 at 9:40pm
Is it possible to purchase mortgage notes directly from the OCWEN?
If it is, i'll be really appreciate if someone posts their direct contacts.
Comment by Wendy Smith on October 18, 2011 at 12:16pm

For anyone who has had HAFA HUDs kicked back with Ocwen citing 8% cap on closing costs - Line 1400 cannot 8% of the sale price. 

Also, Section E must include the seller's address, not just the name.

After going back-and-forth about this 8% for weeks on one of my files, finally a manager with the escalation team defined "closing costs" - when speaking to some of the negotiators, etc, they were including ALL expenses as "closing costs" - impossible to keep at 8%

hope this saves some aggravation for others

Comment by Helena Kaucheck on September 6, 2011 at 12:54am
The Ocwen ones I've completed all paid 6%...
 

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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

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