William Erbey, the questionable creator of Ocwen Financial Corp., is back as chairman at Altisource Possession Monitoring Corp. (AAMC). The firm selected Erbey to the duty of chief executive officer in late December and the board of supervisors additionally selected him as its Chairman, a placement he held from March 2012 to January 2015.

This begins the heels of the separation of acting chief executive officer Danya Sawyer, that left in very early December. Sawyer represented chief executive officer in August, right after Jason Kopcak surrendered from his tasks.

Erbey functioned as the exec chairman of the board of supervisors of Ocwen from 1996 to 2015. Yet in 2015, Erbey was compelled to surrender from his setting as component of a massive settlement with the New York City Division of Financial Solutions (NYDFS) Consequently, he additionally shed his setting as chairman in Ocwen’s associated firms, Altisource Profile Solutions S.A., Altisource Residential Firm, Altisource Possession Monitoring Firm, and Mortgage Maintenance Solutions, Ltd.

At the time, the NYDFS located problems of rate of interest in between Ocwen and numerous associated services, consisting of AAM.

Given that the negotiation, Erbey has actually functioned as the president of Salt Fish Pond Holdings LLC and as the supervisor of System73 Global, LLC

His chief executive officer duty will certainly consist of a base pay of $50,000 annually and nothing else types of settlement.

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