• Report: #937771

Complaint Review: Ocwen Loan Servicing, LLC

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  • Submitted: Thu, September 06, 2012
  • Updated: Thu, September 06, 2012

  • Reported By: DW****20 — MEMPHIS Tennessee United States of America
Ocwen Loan Servicing, LLC
12001 Science Drive, Ste. 110 Orlando, Florida United States of America

Ocwen Loan Servicing, LLC Requested the Promissory Note and never did receive it by mail or email. Orlando, Florida

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Promissory Note was requested on August 28 and was to get to my address in three business days and it never came. Ocwen Loan Servicing Center, charged me a $15 fee to have the papers sent to my home and why?

I called back September 6 and it was to be sent by email 24 to 48 hours later, it never was sent to my email. I am sure they charged me another $15 fee for just sending it by email. This is preposterous! It doesn't take this long to send information by email.

All you people do is take people money and run with your heads cut off. I looked up this company on the BBB.org and it has an F rating. This company must be doing something that is illegal, but I cannot understand why is they still doing business with homeowners? 

If someone is willing to put in an action law suit against this company, I am in for it. Ocwen Loan Servicing, LLC is not BBB Accredited.

Ocwen Loan Servicing, LLC
 On a scale of A+ to F
Reason for Rating
 Factors that lowered Ocwen Loan Servicing, LLC's rating include: 1464 complaints filed against business
 Failure to respond to 699 complaints filed against business.
 84 complaints filed against business that were not resolved.
 Overall complaint history with BBB.
 Business has failed to resolve underlying cause(s) of a pattern of complaints.

Consumer concerns include inability to reach the same person at the company in order to discuss their problems and dissatisfaction with what consumers feel are excessive add-on fees. Other concerns include not processing of payments in a timely fashion and failure to respond to requests for loan modifications in a timely manner. The company states that fees associated with each loan are agreed to as part of the loan servicing agreement it has with the owner of the loan which may be the loan originator or investors, not the consumer. The company responds to complaints explaining its position and offering refunds when applicable.

Customer Complaints Summary
1464 complaints closed with BBB in last 3 years
722 closed in last 12 months

Complaint Type
Total Closed Complaints
Advertising/ Sales Issues 19
Billing/ Collection Issues 670
 Delivery Issues 6
 Guarantee/ Warranty Issues 1
Problems with Product / Service 768
 Total Closed Complaints 1464

 BBB Ratings System Overview

Contact Information
 Principal: Office of Consumer
OmbudsMr. William C. Erbey (Chairman & CEO)Mr. Ronald M.
Faris (President)Mr. Rob Kaltenbach

Business Category
 Loan Servicing, Mortgage Brokers

Products & Services
 The company offers residential and commercial loan servicing.

Alternate Business Names
 Ocwen
Realty Advisors

This report was posted on Ripoff Report on 09/06/2012 08:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ocwen-Loan-Servicing-LLC/Orlando-Florida-32826/Ocwen-Loan-Servicing-LLC-Requested-the-Promissory-Note-and-never-did-receive-it-by-mail-937771. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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