PHH Mortgage Recognized by Fannie Mae as a 2022 Star Performer
16 Marzo 2023 - 2:15PM
PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen
Financial Corporation (NYSE: OCN) and a leading non-bank mortgage
servicer and originator, today announced the Company achieved
Fannie Mae’s 2022 Servicer Total Achievement and RewardsTM (STAR
TM) Performer recognition. PHH has earned STAR Performer
recognition for two consecutive years.
STAR Performer recognition is reserved for top performing
servicers within one or more of three STAR Performer categories:
General Servicing, Solution Delivery, and Timeline Management. In
2022, PHH has received recognition in the General Servicing
category.
“We’re honored to have again achieved Fannie Mae’s STAR
recognition for excellence in mortgage servicing,” said Scott
Anderson, Executive Vice President and Chief Servicing Officer of
PHH Mortgage. “Our team is unwavering in their commitment to
providing industry-leading service to our customers, clients and
investors, and this recognition is a testament to their dedication
and passion for supporting our customers throughout their
homeownership journey.”
Anderson continued, “We believe the year-over-year growth we are
experiencing in our servicing and subservicing portfolio for both
forward and reverse mortgages also reflects the strength and
quality of our platform, our unmatched breadth of capabilities and
our track record of execution. We look forward to continuing to
deliver value to all those we serve.”
For 2022, STAR Program participants are measured on the basis of
their performance managing General Servicing (Transition to 60+ and
Investor Reporting Score), Solution Delivery (60+ to Cure,
Retention Efficiency, Liquidation Efficiency, and Six-Month
Modification Performance), and Timeline Management (Transition to
Beyond Time Frame). Each servicer’s performance in these metrics is
compared against the performance of other Fannie Mae loans with
similar credit characteristics.
About Ocwen Financial Corporation
Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank
mortgage servicer and originator providing solutions through its
primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH
Mortgage is one of the largest servicers in the country, focused on
delivering a variety of servicing and lending programs. Liberty is
one of the nation’s largest reverse mortgage lenders dedicated to
education and providing loans that help customers meet their
personal and financial needs. We are headquartered in West Palm
Beach, Florida, with offices and operations in the United States.
the U.S. Virgin Islands, India and the Philippines, and have been
serving our customers since 1988. For additional information,
please visit our website (www.ocwen.com).
For Further Information Contact:
Dico Akseraylian, SVP, Corporate Communications(856)
917-0066mediarelations@ocwen.com
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