SERVICING
COMMERCIAL
LOAN ASSETS
We Make Your Loans Worth More®

Default Management

Ocwen takes a disciplined approach to the management and resolution of performing, sub-performing and non-performing loans and real estate. Ocwen's key focus is to evaluate all viable resolution strategies to determine the strategy that generates the highest net present value for the owner.

 

Ocwen's Dual Track Process ensures the proper resolution for maximum proceeds. A business plan is developed for each loan and real estate asset . The plan evaluates and assesses the exposure risk, establishes the strategy and estimates the anticipated cash flow and timeline for resolution. We continue to attempt a workout resolution throughout the foreclosure process while ensuring issues raised during the foreclosure are resolved to avoid lengthy delays.

Expert REO Management

Ocwen is an industry leader in managing and liquidating REO assets while maximizing your ROI . Our decades of experience enables us to determine and accurately assess real estate cycles and implement strategic solutions for your REO portfolio. Ocwen's combination of seasoned professionals and proven processes provide our clients with expert oversight of the REO process by minimizing disposition timelines while generating revenue.

 

Depending on the goals and objectives of our clients, Ocwen will customize a cost effective REO disposition plan for your portfolio. Our REO team oversees the entire sales process on foreclosed properties. Our REO process is monitored through our proprietary software that tracks a foreclosed property from the time it becomes REO through the property's final sale and financial close.

 

Our services include:

 

  • Property Operating Plan
  • Property value assessments
  • Preservation, including contracting repair services
  • Marketing and sales strategy development
  • Broker location and management
  • Sealed Bid Sales
  • Establishing asset list price
  • Final sale price negotiation
  • Transaction closing oversight
  • Accounting and Reporting