PHH Corporation

Ocwen Financial Schedules Conference Call – Third Quarter 2019 Results

Ocwen, PHH Corporation, OCN, Companies, Mortgage loan, Economy of the United States

WEST PALM BEACH, Fla., Oct. 28, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company) will hold a conference call on Tuesday, November 5, 2019 at 8:30 a.m. (ET) to review the Companys third quarter 2019 operating results.

Key Points: 
  • WEST PALM BEACH, Fla., Oct. 28, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company) will hold a conference call on Tuesday, November 5, 2019 at 8:30 a.m. (ET) to review the Companys third quarter 2019 operating results.
  • These events will follow Ocwens third quarter 2019 earnings release.
  • The release will also be available on the Ocwen Financial Corporation website at www.ocwen.com (through a link on the Shareholder Relations page).
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage Corporation (PHH Mortgage) and Liberty Home Equity Solutions, Inc. (Liberty).

PHH Mortgage Expands Correspondent Lending After Successful Launch

Loans, Money, Finance, Ocwen, Economy, PHH Corporation, Mortgage, Loan servicing, Mortgage servicer, Mortgage loan, United States housing bubble, Mr. Cooper

WEST PALM BEACH, Fla., Oct. 24, 2019 (GLOBE NEWSWIRE) -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading mortgage servicer and provider of mortgage lending solutions, announced today the expansion of its correspondent lending channel after a successful launch in June of this year.

Key Points: 
  • WEST PALM BEACH, Fla., Oct. 24, 2019 (GLOBE NEWSWIRE) -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading mortgage servicer and provider of mortgage lending solutions, announced today the expansion of its correspondent lending channel after a successful launch in June of this year.
  • Leveraging over 30 years of mortgage origination and servicing expertise with a commitment to delivering exceptional customer service and support, PHH Mortgage is expanding its correspondent lending partnerships across the nation.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage Corporation (PHH Mortgage) and Liberty Home Equity Solutions, Inc. (Liberty).
  • PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs.

Ocwen Financial Corporation Comments on Court Ruling Related to Motion to Dismiss Florida Complaint

Ocwen, PHH Corporation, OCN, Mortgage loan, Prejudice, Companies, Economy of the United States, Service industries

The Court granted in part Ocwens motion to dismiss and provided Florida until October 19, 2019 to file an amended complaint.

Key Points: 
  • The Court granted in part Ocwens motion to dismiss and provided Florida until October 19, 2019 to file an amended complaint.
  • We are pleased that the district court dismissed three counts from the Florida case entirely and dismissed all of Floridas remaining claims without prejudice.
  • Ocwen will continue to vigorously defend itself should Florida refile and continue to pursue claims against us.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage Corporation (PHH Mortgage) and Liberty Home Equity Solutions, Inc. (Liberty).

Ocwen Financial Corporation Comments on Court Ruling Related to Motion to Dismiss CFPB Complaint

Ocwen, PHH Corporation, Companies, Consumer Financial Protection Bureau, OCN, Mortgage loan, Money, Finance

The Court granted in part Ocwens motion to dismiss and provided the CFPB until September 27, 2019 to file an amended complaint.

Key Points: 
  • The Court granted in part Ocwens motion to dismiss and provided the CFPB until September 27, 2019 to file an amended complaint.
  • We are pleased that the district court has decided to dismiss the CFPBs complaint without prejudice.
  • Ocwen will continue to vigorously defend itself should the CFPB refile and continue to pursue its claims.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage Corporation (PHH Mortgage) and Liberty Home Equity Solutions, Inc. (Liberty).

More Than 1 Million Ocwen Customer Loans Converted to the Black Knight MSP Loan Servicing System

Retrieved on: 
Wednesday, June 19, 2019
Ocwen, Finance, Money, Companies, Black Knight, Loans, Loan servicing, United States housing bubble, PHH Corporation, United States foreclosure crisis

JACKSONVILLE, Fla., June 19, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced today that Ocwen Financial Corporation has converted more than 1 million customer loans to the Black Knight MSP loan servicing system.

Key Points: 
  • JACKSONVILLE, Fla., June 19, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced today that Ocwen Financial Corporation has converted more than 1 million customer loans to the Black Knight MSP loan servicing system.
  • MSP offers a single, comprehensive system used by financial institutions to service 35 million active loans more than any other in the mortgage industry.
  • Ocwen is also using Black Knight's default solutionsto support its bankruptcy and foreclosure business.
  • "Converting our customers to this industry-leading servicing system reinforces Ocwen's commitment to providing exceptional service to its customers," said Scott Anderson, executive vice president and chief servicing officer, Ocwen Financial Corporation.

PHH Mortgage Moves its Contact Center to the Cloud with Serenova

Retrieved on: 
Tuesday, October 2, 2018
Marketing, Economy, Customer service, Business, Mount Laurel, New Jersey, PHH Corporation, Services marketing, Cloud computing, Mortgage loan, Customer experience, Call centre

PHH selected Serenova over other providers due to the rich functionality and reliability of Serenova's cloud solution.

Key Points: 
  • PHH selected Serenova over other providers due to the rich functionality and reliability of Serenova's cloud solution.
  • Moving to the cloud will enable PHH to streamline operations while enabling call center agents to continue to deliver exceptional customer experiences.
  • To keep pace with customer expectations, PHH began searching for a contact center solution that would serve as a platform for growth in the years ahead.
  • PHH Corporation (NYSE: PHH), through its subsidiary PHH Mortgage, is one of the largest subservicers of residential mortgages in the United States.

$17 Million Settlement Approved - Alleged Violation of the Real Estate Settlement Procedures Act, 12 U.S.C. § 2607(a)

Retrieved on: 
Tuesday, September 4, 2018
93rd United States Congress, Real Estate Settlement Procedures Act, Respa, Title insurance, PHH Corporation, Law, Economy of the United States

The lawsuit was initially filed on November 25, 2015, in the United States District Court, Central District of California, alleging that PHH and Realogy violated section 8(a) of the Real Estate Settlement Procedures Act ("RESPA"), 12 U.S.C.

Key Points: 
  • The lawsuit was initially filed on November 25, 2015, in the United States District Court, Central District of California, alleging that PHH and Realogy violated section 8(a) of the Real Estate Settlement Procedures Act ("RESPA"), 12 U.S.C.
  • 2607(a), by improperly paying and receiving kickbacks, referral fees, or other things of value in connection with the referral of title insurance and other settlement services.
  • The $17 million settlement, which was preliminarily approved on January 29, 2018, conveys significant benefits to class members.
  • In response to the final approval order, Mr. Borges stated, "This was a hard-fought case every step of the way.