Ocwen Financial, Atlanta Headquarters, Photo by John Disney/Daily Report.
Ocwen Financial's lawyers had to review 15,000 agreements with hundreds of data points in only two months. To meet their deadline, they had to get creative.
June 21, 2018 at 10:36 AM
1 minute read
In the third quarter of 2017, Tim Hayes, the executive vice president and general counsel of Atlanta-based Ocwen Financial Corp., found his company in a challenging spot.
He needed to transfer mortgage service rights, which represented loans of over $100 billion, to another party in a two-month period. To do so, his team had to review 15,000 agreements and consider 300 data points from 2,000 mortgage servicing deals.
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