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 Metrics

Ocwen Financial Corporation Financial Metrics

Revenue (2016)

$1.4 b

Revenue growth (2015-16), %

(20%)

Net income (2016)

($199.4 m)

Market capitalization (21-Mar-2017)

$599.5 m

Closing share price (21-Mar-2017)

$4.9

Cash (31-Dec-2016)

$256.5 m
Ocwen Financial Corporation's current market capitalization is $599.5 m.
Ocwen Financial Corporation's revenue was reported to be $1.4 b in FY, 2016 which is a 20.3% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$2 b$2.1 b$1.7 b$1.4 b

Revenue growth, %

4%(18%)(20%)

Operating expense total

$1.3 b$2 b

EBIT

$737 m$76.1 m

EBIT margin, %

36%4%

Interest expense

$412.8 m$541.8 m$482.4 m$412.6 m

Interest income

$22.4 m$23 m$18.3 m$19.1 m

Pre tax profit

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

Income tax expense

$41.1 m$26.4 m$116.9 m($7 m)

Net Income

$294.1 m($469.6 m)($246.7 m)($199.4 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$178.5 m$129.5 m$257.3 m$256.5 m

Accounts Receivable

Inventories

PP&E

$53.8 m$43.3 m$57.6 m$62.7 m

Goodwill

$416.6 m

Total Assets

$7.9 b$8.3 b$7.4 b$7.7 b

Accounts Payable

Additional Paid-in Capital

$818.4 m$515.2 m$526.1 m$527 m

Retained Earnings

$986.7 m$530.4 m$325.9 m$126.2 m

Total Equity

$1 b$854.6 m$655.3 m

Financial Leverage

7.9 x8.7 x11.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

$24.2 m$21.9 m$19.2 m$25.3 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$867.2 m$352.5 m$581.6 m$474.7 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)

Interest Paid

$413 m$560.2 m$470.7 m$389.6 m

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 Presence

Ocwen Financial Corporation Company Life

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