Ocwen Mortgage Services Closing

posted on 5/28/2019 in Featured Articles


The acquisition of another large mortgage services provider was the reason Ocwen closed in Waterloo and several other U.S. cities last week, a company spokesperson said Monday.

Ocwen Financial Corp., which services residential and commercial mortgage loans, announced last week it would close six of its 10 domestic offices, including Waterloo, according to Dico Akseraylian, Ocwen senior vice president of corporate communications.

Around 175 of Ocwen’s 7,100 employees work at the Waterloo office at 3415 Hammond Ave., according to Akseraylian.

“The most important thing is we are trying to do everything we can to ease the impact to employees,” he said. “Decisions like this are very difficult when they impact employees.”

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