Ocwen Loan Fees Class Action Settlement
Unsplash | Published: August 10, 2024
Claim Form Deadline: September 29, 2025
Payout: $60 - $70 per fee
Proof required: Yes
What is the Ocwen Loan Fees Class Action Settlement?
A class action lawsuit has been agreed upon with Ocwen Loan Servicing. The class action lawsuit claims that Ocwen overcharged borrowers for certain property valuation services, specifically Broker Price Opinions (BPOs) and Hybrid Valuations, by including undisclosed mark-ups. Ocwen denies these claims, and the settlement was reached to avoid the costs and uncertainties of continuing the legal process.How Do I Qualify for a Payout?
To potentially qualify for a payout, you must be part of the Settlement Class. This may include all U.S. residents who had loans serviced by Ocwen and paid for BPOs (Broker Price Opinions) or Hybrids between November 5, 2010, and September 29, 2017. Additionally, there is a specific sub-class for California residents who were charged for these services during the same timeframe.What is the Total Settlement Amount?
The total amount of the settlement has not been disclosed on the official Ocwen class action settlement website (see below). Stay tuned and bookmark this page for updates.How Do I Find Class Action Settlements?
Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:How Much Can I Get?
Members of the Settlement Class may receive $60 for each BPO fee and $70 for each Hybrid fee they paid during the specified period. California residents who are part of the sub-class and still have loans serviced by Ocwen may also receive credits or reversals for any unpaid fees that were assessed.• Nationwide Settlement Class Members can receive $60 for each Broker Price Opinion (BPO) fee they paid and $70 for each Hybrid Valuation fee they paid during the class period.
• California Settlement Sub-Class Members who still have loans serviced by Ocwen can receive a reversal of $60 for each unpaid BPO fee and $70 for each unpaid Hybrid fee that was assessed during the class period.
How Do I File a Claim?
To potentially receive a payment, you need to submit a valid claim form by September 29, 2025. You can file your claim online through the settlement website or by mailing in the form. If you received a notice with a Unique ID, you may need to provide additional documentation, proof of your claim, or reach out to the class action administrators for more details.Do I Need Proof to File a Claim?
If you received a notice via postcard or email and include your Unique ID from that notice when submitting your claim, you won't need to provide additional documentation. If you don't have a Unique ID, or if the Settlement Administrator cannot verify your claim details, you may be asked to provide documents that confirm your specific home loan serviced by Ocwen.Claim Form Website: OcwenFeeSettlement.com
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Filing Class Action Settlement Claims
Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.
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