PHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default Subservicing
17 Oktober 2022 - 10:15PM
PHH Mortgage Corporation (“PHH” or the “Company”), a subsidiary of
Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank
mortgage servicer and originator, today announced that Michael
Keaton has joined the Company as Senior Vice President, Default
Subservicing.
In this newly created, sales-focused role, Mr. Keaton will be
responsible for leveraging the Company’s proven and extensive
special servicing capabilities and expertise to drive the growth of
PHH’s sub-performing and non-performing servicing through strategic
subservicing opportunities. He will report directly to Scott
Anderson, Executive Vice President and Chief Servicing Officer.
Mr. Keaton brings to PHH more than 30 years of sales and
operational experience in mortgage servicing and subservicing. He
joins PHH from Shellpoint Mortgage Servicing where he most recently
served as the company’s Chief Servicing Officer. Prior to this
role, Mr. Keaton held several executive-level roles in mortgage
servicing and default loan administration at Resurgent Capital
Services and Wendover Financial Services.
“We are very excited to have Michael join our team. He brings a
unique combination of executive leadership and extensive
operational experience in default servicing with the skill set and
industry credibility to drive business results,” commented Mr.
Anderson. “With the continued downturn in the mortgage industry and
broader recessionary environment, we believe our proven special
servicing capabilities will create opportunities to support
homeowners, clients and investors through a challenging mortgage
cycle.”
Ocwen/PHH is a recognized industry leader in special servicing
with proven default management processes and experienced servicing
professionals that distressed homeowners have relied upon for more
than 30 years. Since the financial crisis, the Company has helped
more than 1.5 million homeowners in need of assistance avoid
foreclosure and maintain the dream of homeownership, while
delivering significant savings to its clients and investors.
Earlier this year, the Company was recognized for the highest level
of servicing excellence by both Fannie Mae and Freddie Mac, whose
metrics are concentrated around a servicer’s ability to avoid
foreclosure and create positive outcomes for homeowners.
Michael Keaton
Michael Keaton most recently served as the Chief Servicing
Officer at Shellpoint Mortgage Servicing, which he joined in 2014.
At Shellpoint, he was responsible for all aspects of the loan
servicing lifecycle for 1.7 million loans under management. Prior
to joining Shellpoint, Mr. Keaton held several executive-level
roles at Resurgent Capital Services between 2002 and 2014,
including Vice President of Loan Servicing, Senior Vice President
of Bankruptcy Servicing and Executive Vice President of Mortgage
Servicing and Recovery. He began his career at Wendover Financial
Services, where he spent more than 10 years and finished his tenure
as Vice President of Default Administration for the nation’s
largest servicer of subprime mortgage loans at that time. Mr.
Keaton holds a Master of Arts degree from North Dakota State
University and a Bachelor of Science degree from the University of
Wisconsin-Eau Claire.
About Ocwen Financial Corporation
Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank
mortgage servicer and originator providing solutions through its
primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH
Mortgage is one of the largest servicers in the country, focused on
delivering a variety of servicing and lending programs. Liberty is
one of the nation’s largest reverse mortgage lenders dedicated to
education and providing loans that help customers meet their
personal and financial needs. We are headquartered in West Palm
Beach, Florida, with offices and operations in the United States,
the U.S. Virgin Islands, India and the Philippines, and have been
serving our customers since 1988. For additional information,
please visit our website (www.ocwen.com).
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements may be identified by a
reference to a future period or by the use of forward-looking
terminology. Forward-looking statements are typically identified by
words such as “expect”, “believe”, “foresee”, “anticipate”,
“intend”, “estimate”, “goal”, “strategy”, “plan” “target” and
“project” or conditional verbs such as “will”, “may”, “should”,
“could” or “would” or the negative of these terms, although not all
forward-looking statements contain these words, and includes
statements in this press release regarding the potential
contributions of our incoming Senior Vice President, Default
Subservicing to our organization and our ability to execute on
business priorities, deliver financial outcomes, and create
shareholder value.
Forward-looking statements involve a number of assumptions,
risks and uncertainties that could cause actual results to differ
materially. In the past, actual results have differed from those
suggested by forward looking statements and this may happen again.
Important factors that could cause actual results to differ
materially from those suggested by the forward-looking statements
include, but are not limited to, changes in market conditions, the
industry in which we operate, and our business, the actions of
governmental entities and regulators, developments in our
litigation matters, and other risks and uncertainties detailed in
our reports and filings with the SEC, including our annual report
on Form 10-K for the year ended December 31, 2021 and any current
report or quarterly report filed with the SEC since such date.
Anyone wishing to understand Ocwen’s business should review our SEC
filings. Our forward-looking statements speak only as of the date
they are made and, we disclaim any obligation to update or revise
forward-looking statements whether as a result of new information,
future events or otherwise.
FOR FURTHER INFORMATION CONTACT:
Dico Akseraylian |
T: (856) 917-0066 |
E: mediarelations@ocwen.com |
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