Longtime Ocwen Financial CEO Ron Faris to step down

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As part of the settlement, former Ocwen executive chairman William Erbey was forced to step down. was paid to Faris’ discussion about the cleanup calls. But in an effort to show that Ocwen will.

"We are pleased to have reached a comprehensive settlement with the DFS and will act promptly to comply with the terms," said CEO Ronald Faris. Erbey will step down from his position as Executive.

Executive Compensation. As President and Chief Executive Officer at OCWEN FINANCIAL CORP, Ronald M. Faris made $2,245,301 in total compensation. Of this total $875,000 was received as a salary, $1,365,001 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $5,300 came from other types of compensation.

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Mr. Anderson has served as Executive Vice President and Chief Servicing Officer since 2009. His career with Ocwen has spanned over 20 years. Prior to his current role, he served as Senior Vice President, Residential Assets since November 2001. Prior to joining Ocwen in November 1993, Mr. Anderson was employed by CIGNA.

Ocwen Financial Corporation has named an interim CEO to replace the departing Ron Faris. Faris, the president and CEO of Ocwen, is retiring after 27 years with the company. He will officially step down June 30. The company is in the midst of acquiring PHH Corp., and had already named former PHH President and CEO Glenn Messina as Faris’ successor.

Ocwen Financial Corporation (NYSE:OCN) Q4 2016 Results Earnings Conference Call February 22, 2017 5:00 PM ET Executives Stephen Swett – Investor Relations, Managing Director at ICR Ron Faris -.

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Beat their phones down and their emails Ocwen Consumer Ombudsman at (800) 390-4656 or Ombudsman William.erby@ocwen.com – 561-682-8520 ronald.faris@ocwen.com – 561-682-8560 scott.anderson@ocwen.com – 561-682-8913 call into the switchboard at 407-737-5000 and ask for other members of upper management email and phone number

Over the years, Fitch Ratings has frequently commented about Ocwen Financial. named interim CEO. Britti will take over on a temporary basis for the retiring Ronald Faris, who announced earlier this.

The chairman of Ocwen is being forced to step down. It was never clear whether Ocwen deliberately heaped this abuse on homeowners purely for profit, or because its outdated servicing systems were.