Ocwen Loan Servicing Fees Settlement, The firm Ocwen, which is also known as Onity, has agreed to an Ocwen Loan Servicing Fees Settlement. Ocwen is a non-bank loan or mortgage provider finance company that operates under the brands PHH Mortgage and Liberty Reverse Mortgage. A class action lawsuit settlement was approved by this aforementioned firm to resolve the claim that Onity Inc. charged inappropriate fees for Broker-Price Options and hybrid valuations.
Class action members will be eligible for receiving the settlement payment who have been charged extra for BPOs and Hybrid Valuations between the duration of 5th November 2010 and 29th September 2017.
According to the class action members, Californian citizens also will be eligible for Ocwen Loan Servicing Class Action who have been charged for BPO and Hybrid Valuations between this given time duration. This article describes all the important information regarding the Ocwen Loan Servicing Charge Lawsuit settlement, including eligibility, Payment status, important dates, and Claim Process. In this post, you will also know the official link to submit a claim for Ocweb Loan Servicing Fees Settlement.
Overview of Ocwen Loan Servicing Fees Class Action Settlement
| Lawsuit Title | Ocwen Loan Servicing Fees Settlement |
| The region where Class Action was Filed | California, USA |
| Ocwen Loan Servicing Fees Settlement case | Weiner versus Ocwen |
| Reason | Additional BPO and hybrid valuation fees |
| Case number | 2:14-cv-02597-DJC-DB |
| Ocwen Loan Servicing Fees Settlement Eligibility | Altisource: 5 Nov. 2010, and 29 Sept 2017 California subclass: 5 Nov. 2010 and Sept. 29, 2017 |
| Ocwen Loan Servicing Fees Settlement Amount | Not Disclosed |
| Final Hearing Date | 05 Sept. 2024 |
| Ocwen Onity Class Action Settlement Deadline | 29th Sep. 2025 |
| Exclusion Last Date | 12 July 2024 – Passed |
| Ocwen Loan Servicing Fees Settlement Claim | OcwenFeeSettlement.com |
Background of Ocwen Loan Servicing Fees Settlement
Onity Inc. (Formerly Known as Ocwen) has agreed to a class action lawsuit settlement in regard to Additional Ocwen Loan Servicing Fees. Ocwen Onity is a non-banking loan and mortgage lender that provides loans and mortgages under the names PHH Mortgage and Liberty Reverse Mortgage. In a class action complaint, the said firm agreed to a settlement to resolve the claim that Onity Inc. charged exorbitant fees for broker-price options and hybrid valuations.
The settlement amount can be received by the class action members who were overcharged for BPOs and hybrid valuations between 11/05/2010 and 09/29/2017. According to the class action details, Californian Assessed people who have been charged for hybrid and BPO appraisals during this period will also be eligible for the Ocwen Loan Servicing Class Action.
Eligibility to Receive Ocwen Onity Loan Servicing Fees Settlement Claim
Individuals who are involved in this class action and were overcharged for BPOs and hybrid valuations between November 5, 2010, and September 29, 2017, will be eligible to receive the settlement amount. The Ocwen Loan Servicing Class Action will also apply to Californians who have been billed for hybrid and BPO appraisals during this time, the class action members claim.
Compensation Details of Ocwen Onity Class Action Settlement
Under the Ocwen Loan Servicing Fees Settlement, claimants will receive the compensation amount according to the following structure:
| Settlement Detail | Amount/Action |
| BPO Fee Compensation | $60 for each BPO Servicing Fee Paid |
| Hybrid Valuation Fees Compensation | $70 for each Hybrid Valuation Fee Paid |
| Californian Subclass Claim Amount | $60 for any unassessed BPO fee $70 for any unassessed hybrid valuation fee |
How to Claim for Ocwen Class Action Settlement?
To claim for Ocwen Loan Servicing Fees Settlement, you can walk through these simple steps to receive compensation for BPO and hybrid valuation fees:
- While submitting the reimbursement claim for Ocwen Class Action Settlement, first step is to determine eligibility. Class Action Claims will be approved based on the fixed eligibility criteria.
- Visit the settlement website by clicking on the official link given in the overview table above. On the home page, you can check the official documents, submit a claim option, and frequently ask questions.
- Keep ready all the needed documents, to be uploaded while submitting the claim form. These documents include bank receipts, invoices, bills, and transaction status.
- While submitting the claim for Ocwen Loan Servicing Fees Settlement, as a California subclass member, you have to ensure that you have charged California Assessed Fees.
- On the home page, you have to click on “File a Claim” and enter your unique ID which has been sent to you by the Ocwen Claim Administrator.
- Once you have submitted the Claim for this class action, you need to wait for its approval and payment processing.
Ocwen Claim Administrator Contact Details
Whenever you need any help regarding Ocwen Class Action Claim Settlement, you can contact the Ocwen Claim Administrator through the given details:
| Home Page | TMBU |
- Address to send a mail: Ocwen Fee Settlement c/o JND Legal Administration, Post office box number 91338, Seattle, WA Postal Code 98111.
- You can contact the claim admin for any discrepancies at 18889950316 or write an email at [email protected].
Balvinder Saaga, an engineering graduate from Delhi University, has been passionately working as a content writer since 2021. Hailing from Punjab, Balvinder specializes in crafting informative and engaging content with a core focus on education and social schemes
