In the midst of its own regulatory war, Ocwen Financial Corp. is accusing Fidelity Information Services LLC of fraudulent over billing for work required under a settlement with California.

Subsidiary-Ocwen Loan Servicing LLC filed a complaint in a California superior court against Jacksonville, Florida-based FIS, according to a copy of the complaint provided by Ocwen.

The lawsuit is related to a 24-month independent servicing review required by the California Department of Business Oversight that was conducted by FIS beginning in June 2015.


Source: Mortgage Daily