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, US
Websiteocwen.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2019)5,300(-26%)
Job Openings43
Revenue (FY, 2019)$1.1 B(+6%)
Share Price (Sept 2020)$21.9 (-5%)
Cybersecurity ratingAMore

Key People/Management at Ocwen

Glen A. Messina

Glen A. Messina

President and Chief Executive Officer; Director
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
June C. Campbell

June C. Campbell

Executive Vice President and Chief Financial Officer
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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, US (HQ)
1661 Worthington Rd STE 100
Addison, US
16675 Addison Rd
Fort Washington, US
1100 Virginia Dr
Rancho Cordova, US
10951 White Rock Rd #200
Waterloo, US
3451 Hammond Ave
Show all (5)

Ocwen Financials and Metrics

Ocwen Revenue

Ocwen's revenue was reported to be $1.12 b in FY, 2019 which is a 5.7% increase from the previous period.
USD

Revenue (Q2, 2020)

227.0m

Net income (Q2, 2020)

2.0m

Market capitalization (23-Sept-2020)

190.6m

Closing stock price (23-Sept-2020)

21.9

Cash (30-Jun-2020)

313.7m

EV

188.4m
Ocwen's current market capitalization is $190.6 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

1.2b1.1b1.1b

Revenue growth, %

(14%)(11%)6%

R&D expense

100.5m98.2m79.2m

Operating expense total

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

Revenue

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

R&D expense

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

Operating expense total

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

Interest expense

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

Cash

259.7m329.1m428.3m

Accounts Receivable

199.5m198.3m201.2m

Prepaid Expenses

211.8m249.4m254.5m

PP&E

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

Net Income

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

Depreciation and Amortization

26.9m27.2m31.9m

Cash From Operating Activities

412.0m272.6m151.9m

Purchases of PP&E

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

Net Income

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

Depreciation and Amortization

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

Cash From Operating Activities

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

Purchases of PP&E

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

EV/CFO

4 x

Revenue/Employee

157.2k

Debt/Equity

2.7 x

Debt/Assets

0.2 x

Financial Leverage

15.4 x

P/E Ratio

(3.1)
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Ocwen Operating Metrics

Ocwen's Total Loans was reported to be $6.3b in FY, 2019.
Show all operating metrics

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

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 Online and Social Media Presence

Embed Graph

Ocwen News and Updates

Ocwen Financial Delivers Strong Originations Results in July and August

$2.5 billion in originations volume in August, nearly double June volume

Ocwen Financial Provides Business Update and Preliminary Second Quarter Results

Preliminary second quarter results demonstrate continued momentum in operating and financial performance

Ocwen Financial pulls guidance due to uncertainty created by coronavirus

Ocwen Financial Corp. , a non-bank mortgage serviceds and originator, said Friday it can no longer affirm its financial guidance given the uncertainty created by the coronavirus pandemic. The company said it has about $264 million in unrestricted cash and expects to be fully compliant with its finan…

Ocwen Financial Announces Strong Results for the Fourth Quarter

WEST PALM BEACH, Fla., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE:OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today reported a net income of $34.9 million, or $0.26 per share, for the three months ended December 31, 2019; compared…

Ocwen Financial Announces Preliminary Fourth Quarter 2019 Financial and Operating Results

WEST PALM BEACH, Fla., Feb. 06, 2020 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced preliminary financial results for the fourth quarter 2019 and other business updates. Ocwen intends to p…

Ocwen Financial Announces Operating Results For Third Quarter 2019

WEST PALM BEACH, Fla., Nov. 05, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today reported a net loss of $42.8 million, or $0.32 per share, for the three months ended September 30, 2019 compared to…
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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, Scott W. Anderson and Alan J. Bowers.

  • How many employees does Ocwen have?

    Ocwen has 5,300 employees.

  • What is Ocwen revenue?

    Latest Ocwen annual revenue is $1.1 b.

  • What is Ocwen revenue per employee?

    Latest Ocwen revenue per employee is $212 k.

  • Who are Ocwen competitors?

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

  • 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.