OverviewSuggest Edit

Ocwen is one of the mortgage servicers in the United States and in the U.S. Virgin Islands, India, and the Philippines. The Company's mission is to serve its customers lending solutions for homeowners and commercial customers. The Company helps find real solutions that preserve homeownership and build stronger communities.
TypePublic
Founded1988
HQWest Palm Beach, FL, US
Websiteocwen.com
Employee Ratings3.6
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)5,300(-26%)
Job Openings91
Revenue (FY, 2020)$960.9 M(-14%)
Share Price (May 2021)$31.3(-6%)
Cybersecurity ratingAMore

Key People/Management at Ocwen

Glen A. Messina

Glen A. Messina

President and Chief Executive Officer; Director
Phyllis R. Caldwell

Phyllis R. Caldwell

Chair
Scott W. Anderson

Scott W. Anderson

Executive Vice President, Chief Servicing Officer
Alan J. Bowers

Alan J. Bowers

Director
John V. Britti

John V. Britti

Executive Vice President and Chief Investment Officer
Jenne K. Britell

Jenne K. Britell

Director
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Ocwen Office Locations

Ocwen has offices in West Palm Beach, Addison, Fort Washington, Rancho Cordova and in 1 other location
West Palm Beach, FL, US (HQ)
1661 Worthington Rd STE 100
Addison, TX, US
16675 Addison Rd
Fort Washington, PA, US
1100 Virginia Dr
Rancho Cordova, CA, US
10951 White Rock Rd #200
Waterloo, IA, US
3451 Hammond Ave
Show all (5)

Ocwen Financials and Metrics

Ocwen Revenue

Ocwen's revenue was reported to be $960.91 m in FY, 2020
USD

Revenue (FY, 2020)

960.9m

Net income (FY, 2020)

(40.2m)

EBIT (FY, 2020)

(40.2m)

Market capitalization (7-May-2021)

272.1m

Closing stock price (7-May-2021)

31.3

Cash (31-Dec-2020)

284.8m

EV

299.2m
Ocwen's current market capitalization is $272.1 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.2b1.1b1.1b960.9m

Revenue growth, %

(14%)(11%)6%

R&D expense

100.5m98.2m79.2m59.6m

Operating expense total

998.6m932.5m673.9m59.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

260.3m253.6m238.3m303.9m274.3m283.5k253.8m227.0m249.0m

R&D expense

22.8m23.9m20.6m24.4m20.0m16.6m15.2m16.1m15.9m

Operating expense total

206.5m205.7m217.5m280.1m331.5m44.7m15.2m16.1m19.0m

Interest expense

50.8m77.5m61.3m70.4m31.6m285.9m30.0m26.8m26.8m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

259.7m329.1m428.3m284.8m

Accounts Receivable

199.5m198.3m201.2m187.7m

Prepaid Expenses

211.8m249.4m254.5m

PP&E

37.0m33.4m38.3m16.9m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(128.5m)(70.6m)(142.1m)(40.2m)

Depreciation and Amortization

26.9m27.2m31.9m19.1m

Cash From Operating Activities

412.0m272.6m151.9m261.0m

Purchases of PP&E

(9.1m)(9.0m)(2.0m)(4.1m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

2.5m(27.3m)(68.3m)(44.5m)(134.2m)(177.0m)(25.5m)(23.5m)(33.0m)

Depreciation and Amortization

6.5m12.6m18.2m8.6m19.6m26.0m4.0m11.1m15.4m

Cash From Operating Activities

99.4m196.6m291.5m100.7m128.8m184.1m171.0m224.8m248.0m

Purchases of PP&E

(3.0m)(6.4m)(7.3m)(531.0k)(1.1m)(1.3m)(1.1m)(2.8m)(3.4m)
USDFY, 2017

Revenue/Employee

157.2k

Debt/Equity

2.7 x

Debt/Assets

0.2 x

Financial Leverage

15.4 x
Show all financial metrics

Ocwen Operating Metrics

Ocwen's Total Loans was reported to be $6.3b in FY, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Total Loans Serviced for Others, units

1.39 m1.35 m1.31 m1.27 m1.22 m1.2 m1.15 m1.11 m1.56 m1.53 m1.49 m1.45 m1.42 m

Total Loans Serviced for Others

$209.09 b$202.37 b$194.8 b$187.47 b$179.35 b$173.39 b$167.13 b$161 b$256 b$251.08 b$229.28 b$216.75 b$212.37 b

Total Loans

$3.57 b$3.92 b$4.22 b$4.46 b$4.72 b$4.99 b$5.14 b$5.31 b$5.5 b$5.75 b$5.9 b$6.07 b$6.29 b
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Ocwen Acquisitions / Subsidiaries

Company NameDateDeal Size
PHH CorporationFebruary 27, 2018$360 m
Homeward Residential Holdings, Inc.October 03, 2012$588 m
Litton Loan Servicing LPJune 06, 2011$263 m
CR Limited
Homeward Residential Inc
Liberty Home Equity Solutions Inc
Ocwen Advance Facility Transferor, LLC
Ocwen Financial Solutions Private Limited
Ocwen Loan Servicing, LLC
Ocwen Master Advance Receivables Trust
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Ocwen Revenue Breakdown

Embed Graph

Ocwen revenue breakdown by business segment: 11.1% from Lending, 87.7% from Servicing and 1.2% from Other

Ocwen Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Ocwen Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

Ocwen Online and Social Media Presence

Embed Graph

Ocwen Company Culture

  • Overall Culture

    C

    71/100

  • CEO Rating

    A-

    80/100

  • Compensation

    D

    55/100

Learn more on Comparably

Ocwen News and Updates

Ocwen Financial Announces Closing Of Transaction With Oaktree To Operate MSR Investment Joint Venture

WEST PALM BEACH, Fla., May 06, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced the completion of the previously announced transaction with funds managed by Oaktree Capital Management, …

Altisource extends the term and expands its strategic service provider relationship with Ocwen

Providing an increased breadth of solutions and lengthening the term of agreement Providing an increased breadth of solutions and lengthening the term of agreement

Ocwen Financial Schedules Conference Call – Preliminary First Quarter 2021 Results and Business Update

WEST PALM BEACH, Fla., April 26, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, April 29, 2021 at 8:30 a.m. (ET) to review the Company…

Ocwen Financial Announces Agreements With Texas Capital Bank to Acquire Correspondent Lending Business and $14 Billion in Bulk Mortgage Servicing Rights

Agreements Accelerate Growth Plans for Servicing and Correspondent Lending Agreements Accelerate Growth Plans for Servicing and Correspondent Lending

Ocwen Financial Comments on Court Order Granting Ocwen’s Motion for Summary Judgment on Majority of Claims in CFPB Matter

WEST PALM BEACH, Fla., March 05, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, issued the following statement in response to the ruling issued on March 4, 2021 by the United States District Court fo…

Ocwen Financial Announces Closing of $400 Million Offering of PHH Mortgage Corporation Senior Secured Notes Due 2026

Enhances Capital Structure and Increases Financial Flexibility to Support Continued Growth and Investment in the Company Enhances Capital Structure and Increases Financial Flexibility to Support Continued Growth and Investment in the Company
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Ocwen Frequently Asked Questions

  • When was Ocwen founded?

    Ocwen was founded in 1988.

  • Who are Ocwen key executives?

    Ocwen's key executives are Glen A. Messina, Phyllis R. Caldwell and Scott W. Anderson.

  • How many employees does Ocwen have?

    Ocwen has 5,300 employees.

  • What is Ocwen revenue?

    Latest Ocwen annual revenue is $960.9 m.

  • What is Ocwen revenue per employee?

    Latest Ocwen revenue per employee is $181.3 k.

  • Who are Ocwen competitors?

    Competitors of Ocwen include Freddie Mac, Univest Corporation of Pennsylvania and Charles Schwab.

  • Where is Ocwen headquarters?

    Ocwen headquarters is located at 1661 Worthington Rd STE 100, West Palm Beach.

  • Where are Ocwen offices?

    Ocwen has offices in West Palm Beach, Addison, Fort Washington, Rancho Cordova and in 1 other location.

  • How many offices does Ocwen have?

    Ocwen has 5 offices.