Ocwen | Jotup

PHH Mortgage Recognized by Fannie Mae as a 2023 Star Performer

Retrieved on:

Monday, March 11, 2024

PALM, Fannie Mae, Ocwen, OCN, STAR, Transition, PHH, Housing, Airline

WEST PALM BEACH, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae’s 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition.

Key Points:

WEST PALM BEACH, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced the Company achieved Fannie Mae’s 2023 Servicer Total Achievement and Rewards™ (STAR™) Performer recognition.
PHH has earned STAR Performer recognition for three consecutive years.
STAR Performer recognition is reserved for top performing servicers within one or more of three STAR Performer categories: General Servicing, Solution Delivery, and Timeline Management.
“We’re honored to be recognized by Fannie Mae’s STAR program for excellence in mortgage servicing,” said Scott Anderson, Executive Vice President and Chief Servicing Officer of PHH Mortgage.

Ocwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 Results

Retrieved on:

Tuesday, February 20, 2024

OCN, PALM, Ocwen, Mobile phone

WEST PALM BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, February 27, 2024 at 8:30 a.m. (ET) to review the Company’s fourth quarter and full year 2023 operating results.

Key Points:

WEST PALM BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, February 27, 2024 at 8:30 a.m. (ET) to review the Company’s fourth quarter and full year 2023 operating results.
You can access the conference call by dialing (888) 886-7786 or (416) 764-8658 approximately 10 minutes prior to the call.
Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and Presentations.
An investor presentation will accompany the conference call and be available by visiting the Shareholder Relations page at www.ocwen.com prior to the call.

Zakay Law Group APLC and JCL Law Firm APC File Class Action Against Liberty Reverse Mortgage/Ocwen, Alleging Failure to Provide Meal and Rest Breaks

Retrieved on:

Tuesday, February 27, 2024

Complaint, Ocwen, PHH, Rest, APC, Sacramento County Superior Court, APLC, JCL

SACRAMENTO, Calif., Feb. 27, 2024 /PRNewswire-PRWeb/ -- The Sacramento labor law attorneys at Zakay Law Group, APLC and JCL Law Firm, APC, filed a class action complaint against PHH Mortgage Corporation d/b/a Liberty Reverse Mortgage, Ocwen Financial Insurance Services, Inc., Ocwen USVI Services, LLC, and Liberty Home Equity Solutions (hereinafter, collectively, "Liberty Reverse Mortgage/Ocwen") for allegedly failing to provide employees with timely, off-duty meal and rest periods. The Liberty Reverse Mortgage/Ocwen class action lawsuit, Case No. 24CV001137, is currently pending in the Sacramento County Superior Court of the State of California. A copy of the complaint can be read here.

Key Points:

SACRAMENTO, Calif., Feb. 27, 2024 /PRNewswire-PRWeb/ -- The Sacramento labor law attorneys at Zakay Law Group, APLC and JCL Law Firm, APC , filed a class action complaint against PHH Mortgage Corporation d/b/a Liberty Reverse Mortgage, Ocwen Financial Insurance Services, Inc., Ocwen USVI Services, LLC, and Liberty Home Equity Solutions (hereinafter, collectively, "Liberty Reverse Mortgage/Ocwen") for allegedly failing to provide employees with timely, off-duty meal and rest periods.
The Liberty Reverse Mortgage/Ocwen class action lawsuit, Case No.
If you would like to know more about the Liberty Reverse Mortgage/Ocwen lawsuit, please contact Attorney Jackland Hom today by calling (619) 255-9047.
As a result of their allegedly rigorous work schedules and inadequate staffing , Liberty Reverse Mortgage/Ocwen's employees were from time to time allegedly denied their proper rest periods by Liberty Reverse Mortgage/Ocwen.

Cenlar Promotes Four Leaders to Vice President and One to Director

Retrieved on:

Wednesday, December 27, 2023

Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today the promotion of four leaders to Vice President and one to Director – all of whom enable us to offer the most innovative, high quality and flexible servicing solutions to the market.

Key Points:

Cenlar FSB, the nation’s leading mortgage loan subservicer, announced today the promotion of four leaders to Vice President and one to Director – all of whom enable us to offer the most innovative, high quality and flexible servicing solutions to the market.
Our promoted Vice Presidents include:
Shanth Ananthuni to, Vice President of Digital Transformation.
Before Cenlar, Shanth served as a Digital Program Manager and Strategist for Bank of America/Merrill Lynch.
Before Cenlar, David worked at CitiMortgage where he held several senior leadership roles in default servicing and project management.

PHH Mortgage Announces New Subservicing Agreement With Zillow Home Loans

Retrieved on:

Monday, November 13, 2023

PALM, OCN, Ocwen, NYSE, STAR, PHH, SHARP, Real estate

WEST PALM BEACH, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced that it has entered into a mortgage subservicing agreement with Zillow Home Loans, LLC (“Zillow Home Loans”).

Key Points:

WEST PALM BEACH, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced that it has entered into a mortgage subservicing agreement with Zillow Home Loans, LLC (“Zillow Home Loans”).
Earlier this year, Zillow Home Loans selected PHH Mortgage to provide subservicing for its residential mortgage portfolio.
Following a collaborative onboarding and integration cycle, Zillow Home Loans and PHH completed an initial transfer of loans in August.
PHH has worked with Zillow Home Loans to purchase loans on a correspondent and co-issue basis since 2019 and 2021, respectively.

Ocwen Financial Announces Third Quarter 2023 Results

Retrieved on:

Tuesday, November 7, 2023

NYSE, Chair, UPB, Oak Tree, MSR, OCN, MAV, Security (finance), Fine chemical, Ocwen

Glen A. Messina, Chair, President and CEO of Ocwen, said, “I am very pleased with our performance this quarter.

Key Points:

Glen A. Messina, Chair, President and CEO of Ocwen, said, “I am very pleased with our performance this quarter.
The strength of our balanced business has enabled us to operate profitably in the current industry environment and perform in line with our return on equity guidance.
Our low-cost, diversified servicing platform continues to drive strong earnings results, and we delivered positive earnings in originations despite industry headwinds.
Participants can access the conference call by dialing (888) 886-7786 or (416) 764-8658 approximately 10 minutes prior to the call.

Ocwen Financial Schedules Conference Call – Third Quarter 2023 Results and Business Update

Retrieved on:

Wednesday, November 1, 2023

PALM, Ocwen, NYSE, SEC filing, OCN

WEST PALM BEACH, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, November 7, 2023 at 8:30 a.m. (ET) to review the Company’s third quarter 2023 operating results and provide a business update.

Key Points:

WEST PALM BEACH, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Tuesday, November 7, 2023 at 8:30 a.m. (ET) to review the Company’s third quarter 2023 operating results and provide a business update.
You can access the conference call by dialing (888) 886-7786 or (416) 764-8658 approximately 10 minutes prior to the call.
Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and Presentations.
An investor presentation will accompany the conference call and be available by visiting the Shareholder Relations page at www.ocwen.com prior to the call.

Liberty Reverse Mortgage Wins National Association Of Mortgage Brokers 2023 Affiliate Of The Year Award

Retrieved on:

Monday, September 25, 2023

PALM, PHH, OCN, Partnership, Mortgage broker, Liberty, Retirement, Ocwen, Knowledge, National Association, NYSE, Real estate

WEST PALM BEACH, Fla., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Liberty Reverse Mortgage (“Liberty” or the “Company”), one of the nation’s largest and most experienced reverse mortgage lenders and the only large-scale, end-to-end reverse mortgage provider, today announced that the National Association of Mortgage Brokers (“NAMB”) named Liberty as a 2023 Affiliate Company of the Year.

Key Points:

WEST PALM BEACH, Fla., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Liberty Reverse Mortgage (“Liberty” or the “Company”), one of the nation’s largest and most experienced reverse mortgage lenders and the only large-scale, end-to-end reverse mortgage provider, today announced that the National Association of Mortgage Brokers (“NAMB”) named Liberty as a 2023 Affiliate Company of the Year.
Liberty is part of PHH Mortgage Corporation , a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator.
Liberty was recognized for excellence as NAMB’s reverse mortgage education provider delivering the Certified Reverse Mortgage Specialist (“CREV”) certification program and supporting the reverse mortgage needs of NAMB members.
Earlier this year, Liberty and NAMB formed a partnership to build mortgage professionals’ proficiency in reverse mortgages through the newly launched CREV program.

Ocwen Financial Announces Second Quarter 2023 Results

Retrieved on:

Thursday, August 3, 2023

MSR, CFPB, OCN, Agility, Chair, WEST, GAAP, Acquisition, NYSE, UPB, Pharmaceutical industry, Cryptocurrency, Ocwen

Net income of $15 million, an improvement of $56 million from Q1’23

Key Points:

Net income of $15 million, an improvement of $56 million from Q1’23
Adjusted pre-tax income of $23 million, up $17 million over Q1’23
Total liquidity of $233 million as of June 30, 2023, an increase of 6% over December 31, 2022
Favorable ruling in legacy CFPB matter stands; case remains closed
WEST PALM BEACH, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its second quarter 2023 results and provided a business update.
The Company reported GAAP net income of $15 million for the second quarter, an improvement of $56 million compared to the first quarter of 2023.
The Company also reported an adjusted pre-tax income of $23 million, an improvement of $17 million compared to the first quarter of 2023 (see “Note Regarding Non-GAAP Financial Measures” below).
Glen A. Messina, Chair, President and CEO of Ocwen, said, “We delivered strong performance for the second quarter with material improvement in net income and adjusted pre-tax income quarter over quarter.

Ocwen Financial Schedules Conference Call – Second Quarter 2023 Results and Business Update

Retrieved on:

Thursday, July 27, 2023

PALM, SEC filing, OCN, Ocwen, NYSE

WEST PALM BEACH, Fla., July 27, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 3, 2023 at 8:30 a.m. (ET) to review the Company’s second quarter 2023 operating results and provide a business update.

Key Points:

WEST PALM BEACH, Fla., July 27, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, August 3, 2023 at 8:30 a.m. (ET) to review the Company’s second quarter 2023 operating results and provide a business update.
You can access the conference call by dialing (800) 830-9649 or (213) 992-4624 approximately 10 minutes prior to the call.
Participants can also access the conference call through a live audio webcast available from the Shareholder Relations page at www.ocwen.com under Events and Presentations.
An investor presentation will accompany the conference call and be available by visiting the Shareholder Relations page at www.ocwen.com prior to the call.