Ocwen Loan Modification

Ocwen RMA Loan Modification Package

Mortgage Assistance Form.

Modification Decline Review

Ocwen Modification Denied? What to do.

Get Help With Your Ocwen Loan Modification

Talk To A Specialist Who Knows How To Deal With An Ocwen Mortgage.

Get Help With Your Ocwen Loan Modification

Talk To A Specialist Who Knows How To Deal With An Ocwen Mortgage.

Ocwen Loan Modification Process

The Ocwen Loan Modification process follows the typical loan modification process:

  1. Interview Over The Phone To Trigger The Application Process
  2. Complete Ocwen Request for Mortgage Assistance Paperwork
  3. Complete Property Valuation (If, Applicable)
  4. Negotiate Terms of Modification Review
  5. Lender Provides A Response

Now we would love for it to always be that easy but it never is. There is a lot of back and forth with Ocwen. Documents tend to have to be submitted over and over again. Many times they will have you running around from Ocwen Mortgage Loan Modifiation Department to Ocwen Customers Service Department. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened.

Ocwen Loan Modification Timeline

When dealing with Ocwen Mortgage’s  Loan Modifcation timelines they may vary on some very obvious and other not so obvious parts. Here are a few of the reasons this question has such sticky answers.

  • For one, Ocwen is merely a loan servicer. It even says it in their name, “Ocwen Loan Servicing, LLC” and this appears on all loan modification applications with Ocwen. As a servicer they have to abide by their PSA or Pooling and Servicing Agreement that they have with each investor. In some cases they are delegated to make decisions on behalf of the investor they are servicing the loan for and in orther cases they are not delegated (non-delegated) which means they have to request permission from the investor before being able to make any arrangements. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from most servicers. As you can imagine the more parties invovled the longer it takes and the more someone like Ocwen Mortgage has their hands tied.
  • Another factor, that affects the time frame is urgnecy. Does your Ocwen Loan have a sale date? If they do, chances are you are going to get bumped up in the process. Remember servicers such as Ocwen Loan Servicing have homes going to sale every day. So if your sale is even next week they are not working it as urgently as you might think because of things pending foreclosure between today, tomorrow and the next day. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Finally, not all plans were created equal. In fact you may be reviewed for a large number of programs each time you go through the modification process. In the banking world people become very specialized in their niche. Often you will be put though the modification waterfall process but you will also find regularly that you are reviewed by different loan modification departments.

Ocwen Loan Modification Timeline Conclusion: Your time frames will vary greatly. Whether the decisions can be made in house or have to be sent out for appoval, whether you fit the first plan you are reviewed for or the 10th plans, along with factors outside the bank including but not limited to how fast they are able to get their property values back from valuation company’s, how fast documents are received legibly on their and much much more all effect how long it will take for your Ocwen Loan Modifiication to be reviewed.

If Your Ocwen Mortgage Has Been Denied. It May Not Be Too Late

Dealing With An Ocwen Mortgage Loan Modification Decline

Often dealing with an Ocwen Loan Modification Decline may be confusing. Understanding the details of all the plans and how that conflicts with your information is key. Here at ACG we have dozens of points we review in order to understand why your ocwen loan modification was rejected. Have us review your declined modifcation for free by calling us at 888-934-3444.

Additional Ocwen Mortgage Contact Information

Ocwen Mortgage Customers

Ocwen Loan Servicing Complaints

Wells Fargo Loan Modification Reviews

Wells Fargo Home Mortgage Loan Modification Complaints

It's not unusual for our organization to get on the phone with a Wells Fargo Home Preservation Specialist for a mortgage a customer clearing up misunderstandings that keep homeowners from finding mortgage relieft assistance. We often hear that Wells Fargo has everything for their loan modification review but again and again files are closed out due to being incomplete. Wells Fargo Mortgage Home Preservation department can be tough getting a direct answer as usually that group really is not the underwriting department. Reading through the lines is why we are here to help you with your Wells Fargo Loan. Call Absolute Consultant Group at 888-934-3444.

WFHM 1 Star Reviews

 

WFHM 1 Star Review:

 

Modified my mortgage. Told there were no strings attached. It would reduce the interest and provide a lower monthly payment. Fast forward 4 years and it turns out when we signed the mod paperwork it put a lien on our property, so in essence we now owe more than before we modified the loan, wish I could have found this info on their website prior or had full disclosure from the home loan specialist.

Andrea, Kimball, Mi

WFHM 1 Star Review:

Our mortgage was sold to this horrible criminal company. I have been with them for 9 years, I have attempted 4 times to modify, do a repayment plan or whatever I could to help with my mortgage. First off... On closing day we were forced to change terms of the agreement or cancel the deal. First we went from zero down to $10,000.00 down, we went from 3.75% to 6.25% interest. We had a apartment fire and nowhere to live, they knew this and changed our terms, then they told us we could refinance after we closed on our house and started making payments. Such ** lies. We have been suffering with this mortgage company for 9 years.

Michael, Roseville, MI

Don't Be A 1 Star Review

Don't Be A 1 Star Review

WFHM 1 Star Review:

Wells Fargo should have some of its employees charged with crimes. We were not behind on our mortgage when we began, and credit scores went from excellent to poor in no time. During our attempts to apply for a loan modification we were given different reasons each time for why we were denied. We finally got professional help, but the Delisa Law Group, who was not hired directly by us, was just as unlawful as Wells Fargo, if not more. They harassed my whole family and their employers, and asked them to lie about chipping in. We paid $5000 and we were finally approved, resulting in a higher monthly payment, even with our tax reduction finally taken into account. Worst of all, after nearly 2 years of relentless PHONE CALLS by Wells Fargo for payment, at my husband's WORKPLACE, he was fired. Unemployed for 10 days, we still made payments, but they were returned to us for 2 months, keeping us behind.

Audrey, Port Jefferson, NY

1 Star Situations Happen Every Day

ACG 5 Star Reviews

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

 

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Wells Fargo Mortgage.

You Know You Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Wells Fargo Home Mortgage.

Wells Fargo Loan Modification Mortgage News

Wells Fargo Home Mortgage (WFHM) Loan Modification

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