Ocwen Financial Corporation

Founded in 1988, Ocwen Financial Corporation (Ocwen) is one of the largest mortgage servicers in America with over 10,000 employees and operations across the United States and in the U.S. Virgin Islands, India, and the Philippines. Our mission is to delight our customers through caring service and innovative lending solutions for homeowners and commercial customers. At Ocwen, we understand how important homeownership is to our customers and communities across America. We care for millions of mortgage customers every day, and have helped over 600,000 families stay in their homes. We help find real solutions that preserve homeownership and build stronger communities guided by a simple philosophy we call “Caring in Action.”
Type
Public
HQ
West Palm Beach, US
Founded
1988
Size (employees)
9,700 (est)-7%
Website
ocwen.com
Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, US

Ocwen Financial Corporation Office Locations

Ocwen Financial Corporation has an office in West Palm Beach
West Palm Beach, US (HQ)
100 1661 Worthington Rd

Ocwen Financial Corporation Data and Metrics

Ocwen Financial Corporation Financial Metrics

Ocwen Financial Corporation's revenue was reported to be $1.4 b in FY, 2016 which is a 20% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

1.4 b

Revenue growth (FY, 2015 - FY, 2016), %

(20%)

Net income (FY, 2016)

(199.4 m)

Market capitalization (26-May-2017)

331.4 m

Closing share price (26-May-2017)

2.6

Cash (31-Dec-2016)

256.5 m
Ocwen Financial Corporation's current market capitalization is $331.4 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2 b2.1 b1.7 b1.4 b

Revenue growth, %

4%(18%)(20%)

Operating expense total

1.3 b2 b

EBIT

737 m76.1 m

EBIT margin, %

36%4%

Interest expense

412.8 m541.8 m482.4 m412.6 m

Interest income

22.4 m23 m18.3 m19.1 m

Pre tax profit

335.2 m(443.2 m)(129.9 m)(206.4 m)

Income tax expense

41.1 m26.4 m116.9 m(7 m)

Net Income

294.1 m(469.6 m)(246.7 m)(199.4 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

178.5 m129.5 m257.3 m256.5 m

Accounts Receivable

Inventories

PP&E

53.8 m43.3 m57.6 m62.7 m

Goodwill

416.6 m

Total Assets

7.9 b8.3 b7.4 b7.7 b

Accounts Payable

Additional Paid-in Capital

818.4 m515.2 m526.1 m527 m

Retained Earnings

986.7 m530.4 m325.9 m126.2 m

Total Equity

1 b854.6 m655.3 m

Financial Leverage

7.9 x8.7 x11.7 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

294.1 m(469.6 m)(246.7 m)(199.4 m)

Depreciation and Amortization

24.2 m21.9 m19.2 m25.3 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

867.2 m352.5 m581.6 m474.7 m

Cash From Investing Activities

(2.4 b)(958.2 m)280.4 m(791.6 m)

Dividends Paid

(5.1 m)(1.2 m)

Cash From Financing Activities

1.5 b556.7 m(734.2 m)316.2 m

Interest Paid

413 m560.2 m470.7 m389.6 m
Numbers are in $, USDY, 2016

Revenue/Employee

132.1 k

Financial Leverage

11.7 x

Ocwen Financial Corporation Market Value History

Ocwen Financial Corporation Median Salaries

Source: 26 public H-1B filings from Ocwen Financial Corporation

Ocwen Financial Corporation Online and Social Media Presence

Ocwen Financial Corporation Company Life and Culture

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