Ocwen Layoffs

Topics regarding layoffs at Ocwen

Incentives to stay at Ocwen

Considering the layoffs that took place this year I highly doubt this, but it doesn't hurt to ask. Does Ocwen ever offer any kind of incentive to keep people who have decided to quit for a new job? I frankly don't want to leave, but I got a good... —  read more 

NJ office

have to love lobby of NJ office still has all the old clients on wall. I guess it is a reminder of when we were in the MTG business. Good way for boss to know how much him and his team have lost as far as clients. Phone system was cost cutting move... —  read more 

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Post ID: @OP+YlXPC7y

Messina is cleaning house.

It's obvious his loyalty is on the PHH side. They must have an agreement with the CFPB that they would adopt everything PHH. They have eliminated as much of the Ocwen footprint in regards to offices and eventually the employees. The kept Rancho... —  read more 

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Post ID: @OP+XXisx7d

Major layoffs at Ocwen

If i got this correctly, more than 2,000 jobs will be cut - and majority of that in the U.S. Really bad days/weeks/months are ahead of us. If anybody has more details on this, it would be highly appreciated if they decided to share here with us. Good... —  read more 

New name?

I’ve heard the company’s new name will be PHH. I thought Ocwen was to be the surviving entity

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Post ID: @OP+UvouwDN

Ongoing Layoff

There were around 20-30 employees that were laid off in the late 2017 and early 2018. Most of them were tenured employees. Even the bosses have been elimated. There is no job security in Ocwen.

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Post ID: @OP+TejJOym

Layoffs at Ocwen India

Guys, hundreds have been thrown out of the company with a severance package. It's begun and by November most of them at Ocwen are going to be jobless.

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Post ID: @OP+PHq25S2

The Layoffs have begun.

Ocwen Financial with offices in West Palm Beach, FL, Coppell, TX and Houston, TX among other locations had begun layoffs. So far, looking at 200 or more. Mostly from the Coppell office. Many jobs getting outsourced. —  read more 

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Post ID: @OP+HGi9YTj

Ocwen layoff 2014

Thanks to Ocwen sending my job over seas, I qualified for the Trade act, where the government pays you for 2 years and pays for you to go to school for 2 years. it has been one of the best experiences of my life. Relaxed and get an Associates degree.

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Post ID: @OP+FEJ8pQ4

Careful

Careful with what you write: But when they saw the final paperwork for their settlement, they found that Ocwen Financial Corp, the company that collected and processed their mortgage payments, had added an extra clause: they could not say or print or... —  read more 

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Post ID: @OP+vJvRKxS

Hi folks - I'm a reporter at Bloomberg, where I'm doing a story on layoffs in the mortgage servicing business. lwoellert (at) bloomberg.net

Many mortgage servicers, including Ocwen, are moving jobs offshore. Is anyone interested in talking to me about your personal experience with the layoffs? I have a deadline of Tuesday, April 15, 2014. Please feel free to drop me an email or call... —  read more 

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Post ID: @OP+v4hFcae

Massive cuts

Large number of fairly recent acquisitions prompted Ocwen Financial Corp. to issue layoff notices Tuesday to more than 800 employees across the country. The number includes 238 at the former GMAC Mortgage operation in Waterloo. Before the move, and a... —  read more 

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Post ID: @OP+tgPqy24

Specialist

Approximately 244 employees were affected by the layoffs in the Fort Washington, Pa building. However, no manager or team lead were affected by this. Why is that? In most cases they also would eliminate management staffing.

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Post ID: @OP+t1pElIZ

800 people is a bit too much

how many employees do we have right now, something like 7K? so, 800 people would be ~10%. A bit too much in my opinion, on the other hand Ocwen is a weird animal...

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Post ID: @OP+t1gRYfy

Foreclosure

We were hit badly at FortWashington. It really sucked to see so many of my friends walking around with white envelopes. I was walking around with one as well. The Government loves to levy taxes on people, how about a tax on sending all of our jobs... —  read more 

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Post ID: @OP+t0bPGqb

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