Ocwen Mortgage
Insurance Scam Forced Insurance Policy on a Covered Mortgage

Business & Finance

My mortgage was covered under a personal policy, through Escrow, for hazardous and flood conditions, for a total of $1300 a year, from October to October.

In April OCWEN forced an insurance policy for Hazards ($1357.74) and a forced flood insurance policy ($846.62) on my loan, which was already covered. This raised my automatically debited payment a total of $183.70 a month.

When I contacted OCWEN, I was transferred and referred between ESCROW and INSURANCE Departments with no answers or resolutions. They did not renew my personal policy, for $1300 a year in October. I got new quotes in November they never paid the premium.

In March I CLOSED my bank account because OCWEN would not stop the auto pay, for the incorrect amount.

In April the mortgage was sold to Greentree. I have been working with Ocwen and Greentree now for almost SIX MONTHS and still do not have the payments and escrow correct. I have detailed my taxes & my insurance policy total, along with the P&I on my mortgage, and yet Greentree can not seem to reconcile my ESCROW account because of OCWEN's FORCED INSURANCE POLICY.

At wits end!


Company: Ocwen Mortgage
Country: USA
State: Florida
City: Orlando
Site: ocwen.com
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