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)
Website
ocwen.com
Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, US
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Ocwen Financial Corporation Office Locations

Ocwen Financial Corporation has offices in Las Vegas, Rancho Cordova, SF, Pune and in 5 other locations
West Palm Beach, US (HQ)
100 1661 Worthington Rd
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Ocwen Financial Corporation Financials and Metrics

Ocwen Financial Corporation Financials

Ocwen Financial Corporation's revenue was reported to be $1.19 b in FY, 2017
USD

Revenue (FY, 2017)

1.2 b

Net income (FY, 2017)

(128.5 m)

Market capitalization (23-Apr-2018)

528.7 m

Cash (31-Dec-2017)

259.7 m
Ocwen Financial Corporation's current market capitalization is $528.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2 b2.1 b1.7 b1.4 b1.2 b

Revenue growth, %

4%(18%)(20%)

Sales and marketing expense

381.3 m359 m

General and administrative expense

80.2 m66 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014

Revenue

531.2 m551.3 m553.1 m

Sales and marketing expense

118.1 m105.6 m110.6 m

General and administrative expense

30.8 m32.1 m25.8 m

Operating expense total

346.3 m349.2 m345.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

178.5 m129.5 m257.3 m256.5 m259.7 m

Accounts Receivable

Inventories

PP&E

53.8 m43.3 m57.6 m62.7 m37 m
Quarterly
USDQ1, 2014Q2, 2014

Cash

242.4 m259.5 m

PP&E

51.6 m48 m

Goodwill

420.2 m420.2 m

Total Assets

8.2 b8.4 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

294.1 m(469.6 m)(246.7 m)(199.4 m)(128.5 m)

Depreciation and Amortization

24.2 m21.9 m19.2 m25.3 m26.9 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014

Net Income

188.9 m127.5 m

Depreciation and Amortization

17.2 m5.5 m10.8 m

Cash From Operating Activities

1 b213 m210 m

Cash From Investing Activities

50 m(378.2 m)(542.2 m)
USDY, 2017

Revenue/Employee

123.2 k

Financial Leverage

15.4 x
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Ocwen Financial Corporation Operating Metrics

Ocwen Financial Corporation's Total Loans was reported to be $4.2b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans

$1.55 b$1.81 b$2.10 b$2.32 b$2.49 b$2.77 b$3.06 b$3.34 b$3.57 b$3.92 b$4.22 b

Total Loans Serviced for Others, units

2.49 m2.39 m2.05 m1.83 m1.62 m1.55 m1.51 m1.44 m1.39 m1.35 m1.31 m

Total Loans Serviced for Others

$398.73 b$382.21 b$321.67 b$288.07 b$250.97 b$237.08 b$229.28 b$216.89 b$209.09 b$202.37 b$194.80 b
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Ocwen Financial Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PHH Corporation February 27, 2018$360 m
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