Skip to main content

Ocwen Further Streamlines, Halting Residential Servicing Ops at Houston Facility

NationalMortgageProfessional.com
May 28, 2015

Ocwen Financial Corporation has announced that after a strategic review, it will discontinue its residential servicing operations at its Houston, Texas facility. The decision was made to streamline the number of call center sites, eliminate redundancies, and increase effectiveness within the company's residential loan servicing operations.

The Houston facility is the company's smallest residential servicing call center in the U.S. mainland. The decision will impact 140 residential servicing employees, which is less than five percent of the company's approximately 3,200 employees in the U.S. All impacted employees will have the opportunity to apply for employment at other Ocwen servicing facilities.

"Whenever business decisions cross personal relationships, it is difficult. This decision was especially hard since our Houston employees had a positive influence on the company's performance," said Ronald Faris, president and chief executive officer of Ocwen. "We appreciate all the support and dedication these employees have shown over the years."

Ocwen's Commercial Servicing unit will continue operations out of the Houston location and will not be impacted.

Published
May 28, 2015
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Tech
Sep 27, 2022
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022
Nominations Open For Industry Titans Award

NMP Magazine to honor people who represent industry with professionalism.

Industry News
Sep 23, 2022
Fidelity National Names New HR Chief

Melissa Circelli previously held same position at Black Knight.

Industry News
Sep 23, 2022