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February 12, 2018

Ocwen EVP of Lending Otto Kumbar Departs – and with a Nice Severance Package

By Paul Muolo

Kumbar will be paid $1.25 million for leaving Ocwen, a package that also includes a relocation reimbursementÖ

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Poll

On average, how much of a commission does your shop pay loan officers per loan they originate ?

25 to 50 basis points.
51 to 100 basis points.
101 to 150 basis points.
North of 151 basis points. (We expect a lot.)
We pay salary, not commission.

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