OCWEN CLAIMS FCRA FORCES THEM TO MANIPULATE CREDIT SCORES

OCWEN is not required by FCRA to place a remark in the remark section of credit reports. That is OPTIONAL. OCWEN is misrepresenting FCRA by insinuating FCRA supports what OCWEN is doing. 

In fact, OCWEN can deliberately manipulate a customer's credit score by reporting the loan has a zero balance when that is not true, forcing the customer to "dispute" the untrue information. Then when the untrue info is removed by OCWEN, OCWEN can add in the remark section that there was a "dispute" and this comment will lower the score 30 points or more. Thus an OCWEN "error" gives OCWEN an opportunity or excuse to add a comment that will lower the clients credit score and make that client unable to refinance at the interest rate they deserve. OCWEN profits financially by making "errors" and then inserting in the optional comment section of clients credit reports that a "dispute" has been resolved. OCWEN knows that putting the word "dispute" in the OPTIONAL comment section dramatically lowers the credit score. OCWEN is guilty of deliberate manipulation of credit scores. Other creditors make errors and correct them when the dispute process brings attention to the error, but other creditors do not use the comment section of the credit report to try to profit financially from their own error like OCWEN began doing on my report after they threatened to reverse my 2010 loan modification. For seven months OCWEN began playing with the optional remarks section of my credit report, making my score go up and down like a yo yo. When caught doing this, OCWEN asked the CFPB to believe there is a law on the books requiring OCWEN to use punitive language in the OPTIONAL remarks section of my credit report. OCWEN maintains that FCRA requires OCWEN to mention in the optional remarks section of my credit report that there was a "previous dispute" (caused by blatant OCWEN error such as reporting my loan was paid in full by a mysterious stranger when it was not), OCWEN then blames FCRA for OCWEN placing a score lowering remark about a dispute OCWEN generated. OCWEN claims they are FORCED BY LAW, FORCED BY FCRA to profit financially from the errors OCWEN makes. 

I paid my loan on time for six years. OCWEN still managed to lower my credit score by reporting an error and then placing the word "dispute" in the comment section on my credit report, which all the bureaus informed me was the reason my score dramatically dropped. 

This is no accident. OCWEN has made a science out of credit score manipulation. OCWEN has discovered a way to financially harm and profit from a loan in perfect standing. Even if you pay your loan on time for six years, OCWEN can make your credit score plummet 30 to 90 points by placing comments in the optional remarks section of your credit reports that refer to "disputes" that were generated by OCWEN "errors". All OCWEN has to do is make a random error, then when the customer reports the error, OCWEN moves in for the kill by adding a score lowering comment to the report in the optional comment section and saying they are only obeying FCRA, that they are required by some mysterious no name law to lower credit scores this way and prevent their customers from being able to refinance and escape OCWEN'S financial prison system. Even loans with perfect payment history have no hope in the OCWEN system. OCWEN should be barred from serving loans due to credit score manipulation practices.