Good Morning Everyone - hope to hear so I can resolve this issue. Negotiator is asking for all pages of POF from a cash investor - LLC. Buyer's agent states they have several deals in California and never had to provide all pages. Does anyone know if this is a new policy from Ocwen. Besides this negotiator ask for a new item every week rather than tell us what they want in their HUD all at once etc.
Email from Negotiator. - This bank statement is incomplete. We received only one page when it has eight pages in total. Please resend the full bank statement with all the pages.- Relationship Manager- Ocwen Loan Servicing, LLC
Thank you in advance,
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Hi Mariana,
In my experience with any bank; If proof of funds or bank statements are provided and the document says 1 of 8 pages for example, the bank wants all pages. If they do not want to provide all pages they can go to the bank and have something printed off showing the account balance. It just has to have the name of the LLC that is on the contract printed on it and it must have a date. As long as it 1 of 1 page that is all the bank will want. Its the other 2 pages they feel that something is being hidden. Hope this helps.
Dealing with Ocwen is not a fun adventure...They will never tell you everything they need all at once. Yes though I agree with Mariana, I've dealt with most of the lenders and whenever it says 1 of ___ they need all of the pages even if it is blank. Also, As of November 1st many lenders policies have changed so even though they may have done deals before and gotten by with only 1 page policies and short sales are constantly changing and with Ocwen as long as you keep the financials up to date and in front of the review policy you can get a approval or at least a decision within 30-45 days.
With Ocwen, its their way or the Highway. You might as well just do it!
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