Ocwen Loan Servicing has been hit with a class action lawsuit claiming allegations of overcharging its borrowers for certain property valuation services, specifically Broker Price Opinions (BPOs) and Hybrid Valuations. These services were allegedly marked up without disclosure to the borrowers, leading to the lawsuit. Although Ocwen denies the allegations, a settlement has been agreed upon to avoid the expenses and uncertainties associated with continuing the legal proceedings. The lawsuit holds significance as it pertains to alleged unfair practices in the loan servicing industry. To qualify for the settlement payout, individuals must have been U.S. residents who had loans serviced by Ocwen and paid for BPOs or Hybrids between November 5, 2010, and September 29, 2017. A specific sub-class applies for California residents who were charged for these services during the same timeframe. Payouts for the settlement class could be $60 for each BPO fee and $70 for each Hybrid fee they paid during the specified period. California residents who are part of the sub-class and still have loans serviced by Ocwen may also receive credits or reversals for any unpaid fees that were assessed. This case echoes broader issues concerning transparency and fair practices in the loan servicing industry. It emphasizes the importance of clear communication and disclosure of all fees to borrowers. Furthermore, this case might serve as a precedent for similar cases in the future, possibly leading to increased scrutiny and regulation in the loan servicing sector.