In the third quarter of 2017, Tim Hayes, the executive vice president and general counsel of Atlanta-based Ocwen Financial Corp., found his company in a challenging spot.

He needed to transfer mortgage service rights, which represented loans of over $100 billion, to another party in a two-month period. To do so, his team had to review 15,000 agreements and consider 300 data points from 2,000 mortgage servicing deals.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]