Ocwen Financial Puts Lipstick On A Pig And Calls It PHH Mortgage

Ocwen Financial Drops The Name Ocwen. It Will Now Operate As PHH Mortgage And Liberty Home Equity Solutions

Ocwen financial
Former PHH Mortgage And Current Ocwen CEO Glen Messina
Ocwen Financial announced earlier this week it was following in the footsteps of Nationstar and changing their name. The company says that it has developed a plan to service loans through two primary brands. The mortgage servicer announced they would operate as PHH Mortgage for forward servicing and lending and Liberty Home Equity Solutions for reverse lending and servicing.
Ocwen Financial said it has completed the final phase of transferring approximately one million loans from REALServicing to Black Knight LoanSphere. The company announced it was transferring the loans back in 2017. A CFPB lawsuit revealed a host of issues that Ocwen’s head of servicing described as “ridiculous” and a “train wreck.”
It seems as if that disaster is finally behind the mortgage giant. Ocwen is now focused on the completion of the final phases of its $360 million acquisition of PHH Mortgage.

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