The executive who oversees compliance at Ocwen Financial Corp. has had his work cut out for him since taking the job nearly two years ago. In an interview, he talked about overhauling compliance.
Before being named chief compliance officer of the West Palm Beach, Florida-based firm in April 2015, Michael Hollerich had worked at organizations like HSBC, ABN AMRO Bank and PricewaterhouseCoopers.
His arrival followed a consent order with California’s Department of Business Oversight and a settlement with the New York’s Department of Financial Services that had former chairman William Erbey resigning.
Source: Mortgage Daily