I run my brokerage firm and I do not comply with any company dictating how I receive and pay commission nor how I am to run my business. It is not about how many deals I can do that is not what I am addressing nor is it any part of what I have an issue with. If I will not let an agent working for my company list at 4% where does some outside company have the right to dictate a portion of my commission for both sides of the sale. Additionally, I had the buyer under contract and submitted to OCWEN prior to this new roll out. This causes a problem with the already executed contract. I think contract classes are in order if this is not understood. I do not run with the sheeple, I am of able body and mind to make decisions for my own company. Since they require Arms Length Transactions, let them apply the rules to themselves.
Fellow real estate agents this is a must read if you have short sales with Ocwen. Ocwen sending a letter that states Page 1 Item F “Listing Broker has requested RHSS to provide and RHSS has agreed to provide (or cause to be provided) the services to the listing broker pursuant to the terms and conditions as set forth herein”…..
How many of you agents have solicited Ocwen for this agreement? The agreement I saw was signed by Christian Webb on behalf of RHSS. Christian Webb is not licenced in the state of Florida. Look up Real Home Services and Solutions (RHSS) Also dba Altisource. Then section 9.1 and 9.2 on pages 3 and 4 Altisource owns Hubzu and RHSS. Does this sounds arms length?
Altisource owns HUBZU and RHSS. The agreement they want the listing broker to sign states that the listing broker has requested RHSS to provide the services (not true, this strong arming and if there is a legal concern and I sign this agreement then I am lying and supporting their false tactics).
William C. Erbey. Mr. Erbey has served as the Executive Chairman of the Board of Directors of Ocwen since September 1996, as the Chief Executive Officer of Ocwen from January 1988 to October 2010 and as the President of Ocwen from January 1988 to May 1998. From 1983 to 1995, Mr. Erbey served as a Managing General Partner of The Oxford Financial Group, a private investment partnership that was the predecessor of Ocwen. Mr. Erbey has also served as Chairman of the Board of Directors for Altisource Portfolio Solutions S.A. since July 2009. He is also the founder of Home Loan Servicing Solutions, Ltd. and has served as its Chairman since December 2010. He also has served as Chairman of the Board of Directors of Altisource Residential Corporation since July 2012 and as Chairman of the Board of Directors of Altisource Asset Management Corporation since March 2012. From 1975 to 1983, Mr. Erbey served at General Electric Capital Corporation in various capacities, most recently as the President and Chief Operating Officer of General Electric Mortgage Insurance Corporation. Mr. Erbey also served as the Program General Manager of GECC’s Commercial Financial Services Department and as the President of Acquisition Funding Corporation. He holds a Bachelor of Arts in Economics from Allegheny College and a Master of Business Administration from Harvard University.
With extensive experience in the financial services and mortgage industries, Mr. Erbey provides the Board of Directors with an informed perspective and thoughtful insights into strategic and operational opportunities, economic and industry trends of relevance to the Company and guidance on the competitive positioning of the Company. Throughout his tenure, Mr. Erbey has successfully demonstrated his business acumen and commitment to our Company. His wide-ranging expertise in the financial services business and extraordinary leadership capabilities are recognized as invaluable by the Board of Directors.