Now what? I love how they are telling us that nothing will change, no layoffs, this is a partnership not an acquisition .... does anyone know or have any ideas what the actual plan is?
Business as usual, right? Cmon, we're not that stupid.
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They'll keep you long enough to learn if you're a valuable asset or not. If somebody else can do the job cheaper, they'll lay you off and have you train your replacement. Happened to me in 2015 after they took over GMAC.
Don't think for a minute that PHH employees are safer than Ocwen's. They can always be taught and will use you to train , then let you go. That's the way it has been done in the past and nothing ever changes. You'll see.
I think PHH employees are safer than Ocwen's. PHH knows BlackKnight, Ocwen has little exposure to it. They will retain users who know BK over those who don't.
Holy moly! Glen taking over Ocwen... more outsourcing and dismantling is right! And I guess we at PHH can seriously count our days good bye! Glen is coming back to finish us off...
Brace yourselves everybody, Glen Messina is the new CEO of OCWEN, so there will be more demantaling, more cost cutting, cheap decisions coming. You almost wonder if the fix was in last year when Glen left PHH
Ocwen is "buying" PHH for $360M, but PHH is paying $260M towards the buy. I was told that the reason they don't care about closing, only about registrations, is that this is so Ocwen will see continuing good sales stats for the buy. Face it, the only reason for the buy out is to get Black Knight in customer service. They don't care about the company at all
Confused. So you are saying you think PHH is taking over Ocwen even though Ocwen paid out $360million plus took on the PHH debt? Or are you saying the complete opposite?
That is so PHH circa 2018, the last sentence above says it all. Watch your backs is all I can say. I am watching mine hoping it will not be sent out the door for doing something wrong or perceived as wrong. PHH S---S monkey co-k!
Really sad to see. Anyone who worked there Terry Edwards days knows what a good company it used to be. Sad to see how it’s gone to sh--.
The company is going to be firing employees before layoffs happen, it saves them from paying out severance benefits. Rumor has it there will be another mass firing such as the one were three supervisors were fired. Wonder what Tina and Cibele M are doing, surely the firing ruined them.
They outsource 5000 employees to another country....only 2000 employees in the US. Why would they keep us?
We have another town hall tomorrow. This time with CEO of Ocwen. Thoughts?
Oh Man. This is terrible. Jump Ship!
Well.. if you believe this is a buy.. your just falling into this trap. It is a takeover in which phh is paying them to finance it. The article in the paper said this was a discounted price even before the restructuring and reduction of workforce. What does that tell you.
Anybody that does even a basic search on OCWEN knows they are or have been sued more than any other mortgage company, for incorrect handling of escrows, handling of payment posting, incorrect handling of foreclosure and collections, AND for robocalls to cell phones. And they are using PHH's cash to finance the purchase. Sounds like we are paying them to take us over.