Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
http://www.jdpower.com/corporate/news/releases/pdf/2007126.pdf

At the bottom of the list was Ocwen Financial, which services subprime loans and scored 627. Option One Mortgage, Vanderbilt Mortgage and Finance, EMC Mortgage Corp., and Litton Loan Servicing ranked in the bottom five.
Quote 0 0
This report is not particularly helpful.

It states "mortgage servicer" all over the place but then refers to lenders
that bill the borrower correctly, attributes money correctly.

It seems to me they conducted a survey of lenders that service their own loans.

EMC-Litton-Ocwen have at least a few mortgages they own.

They wouldn't even be on the chart if the survey was really about
mortgage servicers.  They'd be buried under it with the rest of the group
of "Mortgage Servicers"  as we know them.

Dee
Quote 0 0
Write a reply...