OCWEN FINANCIAL CORPORATION


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"Products" offered by OCWEN FINANCIAL CORPORATION with at least one, but usually more complaints:

Bank account or service - (CD) Certificate of deposit
Bank account or service - Checking account
Bank account or service - Other bank product/service
Bank account or service - Savings account
Checking or savings account - Checking account
Checking or savings account - Other banking product or service
Consumer Loan - Installment loan
Consumer Loan - Personal line of credit
Consumer Loan - Title loan
Consumer Loan - Vehicle lease
Consumer Loan - Vehicle loan
Credit card -
Credit card or prepaid card - General-purpose credit card or charge card
Credit card or prepaid card - Government benefit card
Credit reporting -
Credit reporting or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Credit repair services
Credit reporting, credit repair services, or other personal consumer reports - Credit reporting
Credit reporting, credit repair services, or other personal consumer reports - Other personal consumer report
Debt collection - Auto
Debt collection - Auto debt
Debt collection - Credit card
Debt collection - Credit card debt
Debt collection - Federal student loan debt
Debt collection - I do not know
Debt collection - Medical
Debt collection - Mortgage
Debt collection - Mortgage debt
Debt collection - Other (i.e. phone, health club, etc.)
Debt collection - Other debt
Debt collection - Private student loan debt
Debt or credit management - Mortgage modification or foreclosure avoid
Money transfer, virtual currency, or money service - Debt settlement
Money transfer, virtual currency, or money service - Domestic (US) money transfer
Money transfer, virtual currency, or money service - International money transfer
Money transfer, virtual currency, or money service - Money order
Money transfer, virtual currency, or money service - Refund anticipation check
Money transfers - Domestic (US) money transfer
Mortgage - Conventional adjustable mortgage (ARM)
Mortgage - Conventional fixed mortgage
Mortgage - Conventional home mortgage
Mortgage - FHA mortgage
Mortgage - Home equity loan or line of credit
Mortgage - Home equity loan or line of credit (HELOC)
Mortgage - Other mortgage
Mortgage - Other type of mortgage
Mortgage - Reverse mortgage
Mortgage - Second mortgage
Mortgage - USDA mortgage
Mortgage - VA mortgage
Other financial service - Refund anticipation check
Payday loan -
Payday loan, title loan, or personal loan - Installment loan
Payday loan, title loan, or personal loan - Personal line of credit
Student loan - Federal student loan servicing
Student loan - Non-federal student loan
Vehicle loan or lease - Loan

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Complaint ID: 7801957

Date Received: 2023-11-04

Issue: Trouble during payment process

Subissue: Payment process

Consumer Complaint: On XX/XX/XXXX, I received a letter indicating the account is past due. I received another similar letter in XXXX and the monthly statements are showing a past due amount since XXXX. I have bi weekly withdraws and auto pay on this account and in order to be eligible for that, I had to pay a month in advance. Therefore, at no point would this account ever be late given the biweekly debits and monthly autopay. I also received a check for a mortgage insurance refund but I have not paid for mortgage insurance on this account, so I am not sure why they arbitrarily removed money from my escrow and refunded it to me.

Company Response:

State: NJ

Zip: 078XX

Submitted Via: Web

Date Sent: 2023-11-04

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7795311

Date Received: 2023-11-02

Issue: Trouble during payment process

Subissue: Trying to communicate with the company to fix an issue while managing or servicing yo

Consumer Complaint: On XXXX XXXX I paid PHH Mortgage XXXX .The check cleared on XXXX XXXX. On XXXX XXXX I received a letter stating I was in default of my loan because they didnt receive my payment.I wen to my bank on XX/XX/XXXX and got a signed copy from the bank showing the check had been paid.Because when I faxed the first copy they also claimed they couldnt read it. So thats when I went to the bank.I have emailed, faxed and mailed letters over and over and every time they say they can read it or its not legible.The last letter I received was XXXX XXXXsaying I was in default! I havent missed a payment I pay my mortgage every month.they have also added late fees to this loan. I dont know what to do.my nights are sleepless because of this. I would like to file a complaint against PHH Mortgage! Thanks XXXX

Company Response:

State: AL

Zip: 352XX

Submitted Via: Web

Date Sent: 2023-11-02

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7793370

Date Received: 2023-11-03

Issue: Trouble during payment process

Subissue: Paying off the loan

Consumer Complaint: Loan number XXXX Est. XXXX XXXX XXXX Co owner - XXXX XXXX Selling property at : XXXX XXXX XXXX XXXX XXXX, Fl XXXX Closing was on XX/XX/2023 We had received a closing amount of {$930000.00} and suddenly at paper right before closing {$24000.00} was added to this amount raising the par-off amount to {$950000.00} When ask what was the additional amount for ( the amount was label recoverable amount ) no reply was given, and since we were days from losing lawyer let it be for time being. But now I like to know, and I know, I over paid. Lawyer has all of Bank documents, please contact as needed. I and lawyer have tried to reach PHH Mortgage and we have not being able to, even through email, no responses in any manner. My lawyer info. : XXXX XXXX, XXXX. XXXX XXXX XXXX, XXXX. XXXX XXXX XXXX XXXX, XXXX XXXX XXXX XXXX, FL XXXX Phone ( XXXX ) XXXX Thank you, XXXX XXXX

Company Response:

State: NV

Zip: 891XX

Submitted Via: Web

Date Sent: 2023-11-03

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7790993

Date Received: 2023-11-02

Issue: Trouble during payment process

Subissue: Private mortgage insurance (PMI)

Consumer Complaint: We paid our loan down to XXXX XXXX which is now even less. Loan lef is XXXX per PHH site value of home is XXXX Original price of home was XXXX original loan was XXXX We have met the LVT For PMI to removed Per XXXX XXXX To cancel PMI on a XXXX XXXX loan, you can follow the steps below : Automatic Termination : The servicer must automatically terminate the MI when the mortgage loan reaches XXXX XXXX of the original value of the property or the mid-point of the amortization period, provided that the borrowers payments are current on that date OR Borrower-Initiated Termination : You can request cancellation of PMI when your loan balance reaches XXXX XXXX of the original value of your home. You can make this request by contacting your lender XXXX. OR Termination Based on Current Value : You can also request cancellation based on the equity in your homes current value. To do this, you will need to pay for an appraisal of your propertys value XXXX. We have paid down loan below XXXX percent and requeted removal. We have paid below the XXXX percent so it is automatic removal. PHH Mortgage will not remove saying have ot pay fees and complete apprasial but that is not the current law

Company Response:

State: WI

Zip: 548XX

Submitted Via: Web

Date Sent: 2023-11-02

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7783835

Date Received: 2023-10-29

Issue: Trouble during payment process

Subissue: Trying to communicate with the company to fix an issue while managing or servicing yo

Consumer Complaint: We have filed several complaints against PHH Mortgage and they are the worst lender/mortgage service company to deal with. Our latest complaint is the same as a similar complaint where we believe they did not give us proper credit for payments we made between the years XXXX and XXXX. We bring this light again ; because recently we received in the XXXX mail revised Mortgage Interest Statements for the years XXXX and XXXX. Each of these statements shows an increase in mortgage interest compared to the original 1098. This indicates to us that they never gave us credit for two separate payments we made during those contested years which proves to us they never properly credited us payments they claim we were in arrears to them on!

Company Response:

State: CA

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-10-29

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7776283

Date Received: 2023-10-30

Issue: Struggling to pay mortgage

Subissue: Trying to communicate with the company to fix an issue related to modification, forbe

Consumer Complaint: TO WHOM IT MAY CONCERN, I WISH TO FORMALLY COMPLAIN ABOUT PHH/NEWREZ ALL IVE BEEN GETTING IS THE RUN AROUND. IVE BEEN GETTING ALL WRONG INFORMATION THE BANKS INTENTIONS HAS ALWAYS BEEN TO KEEP MY HOUSE. I DID NOT DEFAULT ON MY TRIAL IVE BEEN EVEN EXTRA PAYMENTS. THEY MAILED MY FINAL DOCUMENTS TO WRONG ADDRESS AND NOW I HAVE TO SUFFER THE CONSEQUENCES. ALL I WANT IS MY MODIFICATION BACK. I APPEAL IT NUMEROUS TIME WITH NO SUCCESS. IT IS BAD FAITH ON THERE END I WILL ATTACHED THE EMAILS TO SHOW PROFF THAT ALL I GET IS WRONG INFORMATION FROM THEM. THEY FIRST TELL MY THAT THE FORECLOSURE IS SUSPENDED THEN I SPEAK TO THE TRUSTEE THEY HAVE A SALE DATE XX/XX/2023 I DEMAND THAT THEY GET PUNISHED FOR MISS GUIDING ME NOW I CAN LOOSE MY HOUSE IN A COUPLE DAYS.

Company Response:

State: CA

Zip: 90015

Submitted Via: Web

Date Sent: 2023-10-30

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7770283

Date Received: 2023-10-28

Issue: Attempts to collect debt not owed

Subissue: Debt is not yours

Consumer Complaint: I have previously requested by mail for PHH Mortgage to outline and clearly explain the terms and conditions specifically pertaining to the Promissory Note to no availability. PHH Mortgage advised instead to decline such a request however this is a violation of the agreement between us. This complaint serves as a last attempt effort for PHH Mortgage to clearly address my concerns to ensure that my rights have not been violated and that the agreement in question does not contain material misrepresentation.

Company Response:

State: FL

Zip: 32771

Submitted Via: Web

Date Sent: 2023-10-28

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7768009

Date Received: 2023-10-27

Issue: Trouble during payment process

Subissue: Escrow, taxes, or insurance

Consumer Complaint: I was made aware by Newrez XXXX XXXXXXXX XXXX XXXX that I will have additional payments for monthly Escrow shortage in XX/XX/XXXX due to 3 months lapse in property insurance the ending of XXXX and the company placed insurance on the property. The total amount of the escrow was going to be {$1000.00}. The option was given me to pay the entire shortage amount prior to the month of XXXX of {$1000.00} or to pay an additional amount in my monthly mortgage of {$83.00}. On XX/XX/XXXX, I made a payment in the amount of {$1000.00}. Unbeknownst to me the payment was sent to principle and not escrow as per request on the check. Per representative of the bank who I spoke to in XXXX after receiving a late notice ; the payment made in XXXX was allocated to extra principle. I did not look on my statement from the bank until XXXX as I know my mortgage amount is fixed ( I pay my own taxes and insurance ) and saw I was being charged {$83.00} monthly and now my account has a past due amount of {$2100.00} of which {$410.00} was for unpaid late charges. My mortgage is paid before the tenth of each month. I spoke to another representative who told me they were not able to reverse the money that was sent to principle in XXXX because the request was not made within 30 days of payment. On XX/XX/XXXX, I made a payment for my monthly mortgage amount of {$1600.00} and two days later XX/XX/XXXX an additional amount of {$1600.00}. I called the company close to the ending of the month of XXXX to ensure the extra payment was allocated to the right department. Again, it was not sent to the right department. My request was made before the 30 days time and I requested an adjustment. The representative stated they had to do an analysis and a refund will be issued to me for the overage. I called again XX/XX/XXXX, and was informed the refund was being process. I look at my statement again XX/XX/XXXX and again the adjustment was not done. Spoke to several representative XX/XX/XXXX which included a manager and again they have to do another analysis.

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: FL

Zip: 34953

Submitted Via: Web

Date Sent: 2023-11-07

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7764269

Date Received: 2023-10-26

Issue: Trouble during payment process

Subissue: Trying to communicate with the company to fix an issue while managing or servicing yo

Consumer Complaint: Years of being mentally and financially abuse through ongoing impediments to pay my mortgage ; retaliation for speaking out against servicers ' action and for seeking assistance

Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

State: FL

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-10-26

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Complaint ID: 7763408

Date Received: 2023-10-27

Issue: Closing on a mortgage

Subissue: Fees or costs after closing

Consumer Complaint: I sold a house located at XXXX XXXX XXXX XXXX XXXX XXXX XXXX The loan was paid off in XXXX. Last month, in XXXX, 5 months after the house was paid off and cleared escrow, I received a call from PHH Mortgage, claiming I requested a charge back of {$750.00} and it was sent to the requester, I believe, two days later. I informed them I do not request the charge back and verified it through three way call with my bank. I even went as far to have my bank verify that Ive had the same checking account for over 30 years, that I do not have any other accounts and that I have not received the charge back. They gave me the last for of the account # that it was paid to and it clearly was not mine and they couldnt provide proof of who requested the charge back. Even after providing proof, they wont stop calling me and sending letters.

Company Response:

State: CA

Zip: XXXXX

Submitted Via: Web

Date Sent: 2023-10-27

Company Response to Consumer: Closed with explanation

Timely Response: Yes

Consumer Disputed: N/A


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Select another page to read more about how -real people- receive -real harm- from these banks, credit bureaus, and others.