BBB of Central Florida, Inc.
1600 S. Grant Street
Longwood, FL 32750
BBB Reliability Report
May Not Be Reproduced for Commercial or Sales Purposes
Printer-friendly
Ocwen Financial Services
12650 Ingenuity Dr
Orlando, FL 32826-2703
Orange County
MAP
General Information
BBB File Opened July 09, 1999
Principal Contact Office of Consumer Ombudsman
Complaint Contact Office of Consumer Ombudsman
Other Contacts Mr. Rob Kaltenbach
BBB Member This company is not a member
Type of Business Mortgages
Consumer Finance & Loan Co.
Loans
The information in this report has either been provided by the company, or has been compiled by the Bureau from other sources.
Customer Experience
Based on BBB files, this company has an unsatisfactory record with the BBB due to unanswered complaint(s).
the inability to reach the same person at the company in order to discuss their concerns, rude employees and dissatisfaction with not being able to pay off their mortgage with a personal check. Other concerns include not processing of payments in a timely fashion which incurs additional charges in late fees. The company responds to complaints explaining their position and offering refunds when applicable.
Customer Complaint Data
The company's size, volume of business and number of transactions may have a bearing on the number of complaints received by the BBB. The complaints filed against a company may not be as important as the type of complaints, and how the company has handled them. The BBB generally does not pass judgement on the validity of complaints filed.
Number of complaints processed by the BBB over the last 36 months: 488
Number of complaints processed by the BBB in the last 12 months: 177
Complaints Concerned:
Selling Practices (10 complaints)
7 Resolved
1 Unresolved
1 Company made every reasonable effort to resolve
1 Company did not respond
Advertising Issues (1 complaints)
1 Company made every reasonable effort to resolve
Service Issues (85 complaints)
66 Resolved
4 Unresolved
15 Company made every reasonable effort to resolve
Credit or Billing Disputes (281 complaints)
200 Resolved
21 Unresolved
1 Delayed Resolution
58 Company made every reasonable effort to resolve
1 Company did not respond
Delivery Issues (7 complaints)
6 Resolved
1 Company made every reasonable effort to resolve
Refund Practices (15 complaints)
15 Resolved
Contract Disputes (22 complaints)
12 Resolved
3 Unresolved
6 Company made every reasonable effort to resolve
1 Company did not respond
Repair Issues (2 complaints)
1 Resolved
1 Company made every reasonable effort to resolve
Additional File Information
Additional concerns of consumers relate to extra charges levied by the company. As reported by Ocwen: "Ocwen does charge a $10.00 fee to produce a payoff statement and a $20.00 one-time fax fee if the customer requests this delivery method. Ocwen does not charge any fees for early payoff of a customer's loan except as provided for in the terms and conditions of their Note and Mortgage". As of April 19, 2004, received copy of Notice from Office of Thrift Supervision United States Department of the Treasury. In part the notice advised of a Supervisory Agreement between Ocwen Federal Banks and Office of Thrift Supervision. The company agrees to take steps to: Improve its mortgage loan servicing practices, including its dealings with consumers whose loans are serviced by the Bank and to enhance its compliance with applicable laws and regulations, including but not limited to the Real Estate Settlement Procedures Act (RESPA), the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act. Further, the company will develop, adopt and implement an acceptable plan to improve the manner and reduce the time in which it appropriately resolves consumer complaints/disputes. This company comes under the direct supervision of the Office of Thrift Supervision, Northeast Regional Office, 10 Exchange Place, Jersey City, NJ 07302. According to a spokesperson from that agency, the company is allowed to charge these fees. If, you have an complaint against the company, that remains unresolved you may wish to file a complaint with the Office of Thrift Supervision at the address listed in the above paragraph.
Additional Information
This Business Operates under the Names Ocwen Financial Services
Ocwen Loan Servicing
Ocwen Loan Servicing, LLC
Ocwen Realty Advisors
Addresses P.O Box 785052, Orlando, FL 32826 MAP
PO BOX 780549, Orlando, FL 32878-0549 MAP
PO Box 785055, Orlando, FL 32878 MAP
P.O.Box 785061, Orlando, FL 32878, Orange County MAP
12650 Ingenuity Dr, Orlando, FL 32826-2703, Orange County MAP
1661 Worthington Ave., Ste 100, West Palm Beach, FL 33409, Palm Beach County MAP
Phones (800) 241-9960
(800) 390-4656
(800) 446-2936
(800) 746-2936
(800) 746-2936
(800) 746-2936
(877) 596-8580
(877) 776-2936
(866) 771-5152 (FAX)
Reported on Monday, May 26, 2008
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgment. Information contained herein is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.
The Better Business Bureau reports on members and non-members. Membership in the BBB is voluntary, and members must meet and maintain BBB standards. If a company is a member of this BBB, it is stated in this report.
© 2008 BBB of Central Florida, Inc.