Financing in 94025>Question Details

Pamela Khoo, Real Estate Pro in Menlo Park, CA

Ocwen has not given me a Payoff Statement. Need advice to move fwd w/new lender?

Asked by Pamela Khoo, Menlo Park, CA Wed Apr 25, 2012

I requested Ocwen on 4/9/12 to give me a Payoff Statement in order to complete my refinance which the new lender already approved. I made 8 phone calls, wrote a letter to the CEO and
appeal for his help, and still have not gotten the Payoff Statement. Help!!

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Payoff statement should have been ordered by title/escrow company used for the refinance. Talk to your title company/escrow company. If you do not have one talk to one about the defiance. Here in California, that is the way we proceed.
1 vote Thank Flag Link Thu Apr 26, 2012
You can order by contacting your lender and they will give you a fax number to send your request. The payoff should be calculated to a set date per your request. Irrespective of that, the date you close will not be the date of your request.

The new lender will have that knowledge and the title company will be able to get the final number when the new loan closes.
0 votes Thank Flag Link Mon Dec 23, 2013
call ocwen on 18007462936 and speak with the agent and tell him to transfer the call to account specialist ..work will be done
0 votes Thank Flag Link Thu Nov 14, 2013
I am having the same problem with OCWEN. Tried the same thing and failed. This is stopping the sale of my house. I need help! A web search reveals OCWEN does this routinely
0 votes Thank Flag Link Sat Nov 9, 2013
Hi,
you have good answers below, call and email your loan officer. Good luck

Buyer 50%-60% Cash Rebate / Seller 50% Commission Discount
Quality Full Service! Work directly with the Broker.
Flavio Tejada, Owner/Broker, Realtor, MBA-Finance
(415)305-2958
0 votes Thank Flag Link Fri Apr 27, 2012
Call your loan officer, if you are approved as you say I would imagine they already have this.
Web Reference: http://HarpSupport.Com
0 votes Thank Flag Link Thu Apr 26, 2012
Pamela,
This is usually the job of the closing agent or your lender. You sign a form permitting them to obtain this type of information and they process it. Typically all such requests must come in writing and are for a specific date with a daily interest cost add on if it closes early or later than projected.
Did your lender request you get this or the closing agent?
0 votes Thank Flag Link Wed Apr 25, 2012
Have you spoken with the loan consultant who is doing the refi for you? What did that person advise you?

Daniel Berman
Pacific Century Realty
0 votes Thank Flag Link Wed Apr 25, 2012
Thank you everyone for your kind advice. In fact, my loan agent got nowhere with Ocwen, same for the title company, who was also given the "hold on" run around from a foreign customer service location. So my loan agent asked me to call Ocwen directly and write to the CEO since I am their customer, I might get the attention.

Gary McKae: what is a "defiance" - is this a law that requires all lender to comply with borrower's request for Payoff stm. in a timely manner?

Thanks,
Pam
Flag Fri Apr 27, 2012
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