I'm getting some paper checks from Altisource

I haven't figured out why or if it is for one specific client like HSBC but I am still getting mostly automatic deposits.  They also switched to paying in the name of my brokerage so I can't actually deposit the checks.  I have been trying to find out why via email and which tax ID they are reporting under but it looks like I will have to call.  It will cause my broker some headaches if they are also using her business ID.

This all started shortly after Altisource had me reapply for lack of some kind of paperwork.   And Ohio still allows paying agents directly so that hasn't changed.  And Altisource is not a brokerage so they are not obligated to pay to the broker. 

Anyone else experiencing this?  I know Altisource and Ocwen are under a lot of scrutiny and wondering if this is a partial result of that. 

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Replies

  • Per Altisource, currently they are issuing paper checks for work completed on HSBC properties due to some logistics' issues with their client and they hope to be able to resolve the issues soon and pay with ACH.

    • Thanks. I suspected it was HSBC. Now I need to solve the payee issue. 

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