OCWEN Gets closer to Blast-Only BPOs

Recently, many agents have been speculating that OCWEN Asset management will be going over to a blast-only type of service.

With a blast-only service , vendor companies will release large groups of order to their website, where agent are logged on to grab orders as they appear.

While not fully developed yet, OCWEN seems to be testing this method out in a few key states.

Pros of A Blast System

Potentially Quicker acceptance and turnaround

More competetion

Cons of a Blast System

Higher chance of inexpiranced agents getting orders

More competetion (Lower fees for agents, more profit for banks/AMs)

My personal thought is that Blasting orders will promote new agents getting orders, and help those that have time to be on the website or hire assistants to grab the orders. Unfortunately this is a double edged sword, because not every agent can sit on the website and grab orders all day (I know I can’t).