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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 reimbursement…

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Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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