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Report: #24617

Complaint Review: Ocwen Federal Bank - Orlando Florida

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  • Reported By: Middleburg fl
  • Author Confirmed What's this?
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  • Ocwen Federal Bank 12650 Ingenuity Drive Orlando, Florida U.S.A.

Ocwen Federal Bank ripoff Orlando Florida

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When I worked for Ocwen Federal Bank, they would post payments incorrectly...One check for two accounts would go to one account and we would charge a late fee on the other acocunt. When we would buy mortgages, record holders would not be informed. When we bought the first simple interest loan, we did not know how to compute the interest. We had a lot of problems with incorrect interest being applied to accounts. We had to check with another mortgage company to find out how to handle these new loans.

The vice president and Tom Gilmore did not know how interest was figured until a supervisor told them. Not very informed. We did not have availability to files because when we bought loans, the previous servicer or Ocwen did not notify the record holder of the change. This caused a lot of hardships with the mortgage holders.

Bruce
Orlando, Florida

This report was posted on Ripoff Report on 07/14/2002 09:57 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ocwen-federal-bank/orlando-florida-32826/ocwen-federal-bank-ripoff-orlando-florida-24617. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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