1.5K views 15 comments
Not resolved

Thousands of complaints online about Ocwen Loan Servicing out right stealing hard working Americans money.

Related: Ocwen - Unable to resolve escrow error; wrong insurance policy listed

Here's a racket for you.

Buy a customer's loan. Tell the customer that the first payment is due on the first of the month. Give the customer an account number. When the customer sends you the first payment, cash the payment and say you didn't receive it. Your excuse: the account wasn't set up. Even after you actually do set up the account, do not credit the initial payment -- just keep it for yourself.

That's my experience with Ocwen so far since they "serviced" my loan on November 1. That's right the $2,000 I sent them for the first payment cleared my bank and did not get credited by Ocwen (even though the electronic funds transfer shows they cashed it). 45 days later and it is still not credited.

Imagine the millions you could "earn" with this racket.

I am absolutely furious with Ocwen. Aside from them stealing my money, their customer support is a joke. When you ask to speak to a supervisor, you wait 10 minutes on the phone. Then you get a voicemail. The voicemail says the manager will call you back in 4 hours. I've left two voicemails with my number and no callback. Of course, that's what Ocwen has to do when it is in the business of stealing people's money.

My advice: if your loan gets "serviced" by Ocwen, refinance with a reputable company immediately. Also, call and complain to the loan company that sold your loan to Ocwen.

Review about: Ocwen Loan Servicing.

Review #438152 is a subjective opinion of a user.

PRODUCT OR SERVICE Ocwen Loan
Reason of Review / Monetary Loss Not specified / $10000
Preferred solution Not specified

Had an Experience with Ocwen?

Write a review

Comments

Comment as anonymous or
Terms of Service
Post Comment
Cancel
Anonymous
Auburndale, Florida, United States #1187428

Also call your local prosecutor because it's fraud.

Anonymous
#1000873

Ocwen is in business with all the legal people, complaining is worthless.

Calling ur bluff122
#745424

You all notice how this concerned government responses to complaints ?

Makes ya wonder who actually post these ?

Could it be Ocwen it self ? Trying to bust its employees ?

Lindy
Englewood, Colorado, United States #743011

OCWEN sucks !!My mortgage company sold servicing to them, and right off the bat, my first payment to them has been "lost" I sent it to the address provided, in the envelope provided, but somehow, it's not been recieved.'Must be the postal service", I'm told.

In the meantime, they've added a $138.69 late fee to a payment that WASN'T late. By law, they can't charge more than 10% in late fees, and this computes to around 30% !!

Who ARE these people, and how do they sleep at night ?

Sick of ocwen
to Lindy Atlanta, Georgia, United States #900038

Call your local FBI Branch an report them we Gota stop them this is da only wat

Sick of ocwen
to Lindy Atlanta, Georgia, United States #900042

Report them to your local FBI branch

Stolen Home Victim
to Lindy East Orange, New Jersey, United States #1000869

Ocwen owns the USA they are the Federal Reserve and Data monitors.

Paticake
to Lindy #1237273

OCWEN is nothing but a piece of ***.We bought our house in 2006 at the time we didn't have great credit but my husband was making over 6 figures a yr but that doesn't help just those 3 number on your credit.

So a Friend of mine recommend a credit agent to us and in 3 days we qualified for 250 thousand dollars and this is the first and only house we have ever bought so we were house and bank ***. OUR house has went through 3 selling by banks our payment was increased each time and we never knew who had our loan until we got foreclosed on in July 2016. NOW HSBC has it but all our payments went to OCWEn. Now they are wanting 40 thousand dollars upfront to keep our house but it is listed as a sheriff sale to the public with highest bidder.

I will never buy a house again if I don't have the cash cause uou can't trust anyone. Now we are homeless my husband hasn't worked for a while he's in the oilfield and all the things they say about keeping you I uour house all the help they say is out there we sure haven't had any luck.

BEFORE YOU BUY A HOME INVESTIGATE THE BANK YOU ARE USING. NEVER USE OCWEN OR HSBC.

And also may want to check out your relestate company and agents. Our house has so many hidden problems we have not been able to get to all if them. The agent that sold us the house is my neighbor 3 houses up and she knew there was lots of problems with the house but we made the mistake of using their inspection of the house instead of doing...

YOUR GOING THROUGH .Ok I've said enough hopes this helps some ppl in the future.

Show more
kfreed
Colorado Springs, Colorado, United States #711325

Had a funny feeling...

When we received a letter indicating that our GMAC mortgage had been sold to Ocwen we turned around and refinanced with our credit union (Ent).If your loan has been sold and you're able to refinance with a reputable credit union, DO IT NOW.

Run, don't walk. We ended up with a lower fixed rate, a lower monthly payment, a branch right down the street handling our mortgage, and no hassles with shyster banks. All I can say is: Whew!

Glad we're out from under Ocwen.MOVE YOUR MONEY.

feelingsick
Salt Lake City, Utah, United States #702852

I just received notification today that OCWEN will be my new mortgage loan servicer, and like you that payment is due at the 1st of September.After checking online to see first off, who this company was, and second, what is the overall consumer consensus by reading reviews and complaints related to OCWEN.

WOW!! I'm feeling sick to my stomach now, and totally bummed out to find out who I will be dealing with for the next however-many-years.

I plan to do what you suggest by complaining to my old mortgage servicer and ask them to reconsider selling the loan to a different company, but it likely will not have an impact on the end result.Thanks for posting your helpful comments.

You May Also Like

Lending Club - LENDINGCLUB is Predatory, Overrated and Misleading Lending Club "Before we begin with my complaint... HEY LENDING CLUB and the rest of you financial criminals... There is a NEW Sheriff in Town and regardless of your political party, President Obama has..." Read more Ocwen Mortgage Review Ocwen "Ocwen is not up to date with professional buisness practices. They haved defaulted many times with me as a customer, in other words they are reapeately dropping the ball with..." Read more Naca - Review in Loans and Mortgages category Naca "Everything everyone is saying is true, but it depends on your preparation as well. Listen, your CREDIT SCORE/REPORT will be pulled and it does matter 100%. Reason being is because..." Read more Nationstar Mortgage - I have been a Nationstar client for several years, why are they asking for my SS# ? Nationstar Mortgage "I have been a Nationstar Mortgage client for several years. I went online to make my mortgage payment today, as I have done for the past few years, and they..." Read more Carid - I got toally screwed! Carid "A year ago I was diagnosed with cancer. I wanted to fill my my bucket list. I saw the best rims on CARiD and called to make sure that they..." Read more Tnt Express - TNT is awful Tnt Express "TNT Express is the worst international shipper I've experienced. Their customs fees are exorbitant, and added charges (handling, residence delivery) came to 2 1/2 times the amount recently paid for..." Read more AILIHEN C8 Headphones with Microphone and Volume Control Ailihen "Ok, let me first say, I NEVER write reviews! But the seller followed up with an email and I have been so incredibly happy with these headphones that I decided..." Read more My Name Is Dori, I'm a Real Person that Encountered a Life Saving Treatment! Yes The Holistic Sanctuary saves lives, I know They Saved my Son! The Holistic Sanctuary "My name is Dori, I am a parent of a son that was cured by Johnny and his staff! This place is the real deal. Johnny the Healer and the..." Read more