Servicer Evaluation: Ocwen Loan Servicing LLC - S&P Global Ratings’ Credit Research

Servicer Evaluation: Ocwen Loan Servicing LLC

Servicer Evaluation: Ocwen Loan Servicing LLC - S&P Global Ratings’ Credit Research
Servicer Evaluation: Ocwen Loan Servicing LLC
Published Dec 03, 2012
Published Dec 03, 2012
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Reduced previously high turnover rates. An established history of servicing distressed assets and incorporating large acquisitions. A solid internal audit program. A detailed training program for offshore staff. A robust quality assurance department. Very competitive servicing metrics as compared against similar peers. Low staff tenure in many departments. Overall inherent challenges (e.g., retention, training, etc.) regarding the offshoring of most of the company's servicing staff. The scripting of call center staff is somewhat rigid. Failure to adhere to internal policies that caused interest shortfalls to affect certain investment-grade classes in U.S. RMBS transactions. Standard&Poor's Ratings Services' rankings on Ocwen Loan Servicing LLC (Ocwen) as a residential mortgage subprime servicer, residential subordinate-lien servicer, and residential special servicer are ABOVE

  
Report Type:

Full Report

Issuer
GICS
Thrifts & Mortgage Finance (40102010)
Sector
Global Issuers, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Servicer Evaluation: Ocwen Loan Servicing LLC" Dec 03, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Servicer-Evaluation-Ocwen-Loan-Servicing-LLC-1044464>
  
APA:
S&P Global Ratings’ Credit Research. (). Servicer Evaluation: Ocwen Loan Servicing LLC Dec 03, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Servicer-Evaluation-Ocwen-Loan-Servicing-LLC-1044464>
  
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