PHH Mortgage honored by Freddie Mac for senior loan

WEST PALM BEACH, Fla., Feb. 23 12, 2022 (GLOBE NEWSWIRE) — PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage manager and originator, today announced that the company has been honored with a 2021 Freddie Mac Servicer Honors and Awards Program (SHARP)SM Award. PHH won the Gold Award for Group 1, which includes companies that service at least 200,000 Freddie Mac mortgages. This distinction recognizes PHH as the top performer among the top-tier service group.

SHARP recognizes managers for superior service portfolio performance, exceptional customer service to borrowers, and positive efforts to address delinquencies. Freddie Mac measures repairer performance using specific metrics, benchmarks and service requirements. Rewards are primarily determined by rank within a group, which is determined by wallet size.

“We are honored to be recognized by Freddie Mac as the top performing mortgage agent in our category,” said Scott Anderson, executive vice president and chief servicing officer of PHH Mortgage. “This award speaks volumes about the dedication and commitment of our team, the high levels of customer service they provide, and the overall strength and quality of our service capabilities and practices. Additionally, it demonstrates how our service platform delivers superior performance for owners, customers and investors. »

SHARP pricing is aligned with Freddie Mac’s Reimagine Servicing® mission to transform the landscape of mortgage services, where efforts are focused on improving the customer experience, reducing costs and minimizing credit risk.

Click here to learn more about the Freddie Mac Service Recognition Program.

About Ocwen Financial Company

Ocwen Financial Corporation (NYSE:OCN) is a leading non-bank mortgage servicer and originator providing solutions through its core brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the nation’s largest service providers, focused on providing a variety of service and loan 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. Our headquarters are located in West Palm Beach, Florida, with offices in the United States and the US Virgin Islands and operations in India and the Philippines, and we’ve been serving our customers since 1988. For more information, please visit our website (www.ocwen .com).

FOR MORE INFORMATION, CONTACT:

Dico Akseraylian T: (856) 917-0066 Email: [email protected]

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