William Erbey is an American entrepreneur who has a net worth of $2.1 billion. William Erbey secured his place among billionaires as mortgage industry power player. Nowadays, he is executive chairman of high-risk loan servicer Ocwen Financial Corporation, where he previously served as CEO. Long before becoming a high-profile finance player, Erbey made his beginnings at General Electric Capital Corporation, right after he acquired a BA in Economics from Allegheny College and an MBA from Harvard University.
Later on, he landed other positions and he even launched a model for servicing underwater loans that, on the one hand, grant homeowners 5% equity and lower rates, while, on the other, they give Ocwen 25% of the profits when the home is sold. In addition to his duties at OFC, Erbey also serves as chairman of the Board of Altisource Portfolio Solutions, as well as he is the founder and chairman of Home Loan Servicing Solutions.
|Net Worth:||$2.1 Billion|