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 2018)7,200(+13%)
Job Openings112
Revenue (FY, 2018)$1.1 B(-11%)
Share Price (Jun 2019)$1.6 (+4%)

Key People/Management at Ocwen

Scott Anderson

Scott Anderson

EVP, Chief Servicing Officer
Timothy Hayes

Timothy Hayes

General Counsel, EVP
Catherine Dondzila

Catherine Dondzila

SVP, Chief Accounting Officer
Michael Bourque

Michael Bourque

EVP, CFO
John Britti

John Britti

EVP, Chief Investment Officer
Ronald Faris

Ronald Faris

President, CEO
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Ocwen Office Locations

Ocwen has offices in West Palm Beach, Fort Washington, Rancho Cordova, Philadelphia and in 5 other locations
West Palm Beach, US (HQ)
1661 Worthington Rd STE 100
Show all (9)

Ocwen Financials and Metrics

Ocwen Revenue

Ocwen's revenue was reported to be $1.06 b in FY, 2018
USD

Revenue (FY, 2018)

1.1b

Net income (FY, 2018)

(70.6m)

Market capitalization (10-Jun-2019)

217.8m

Closing stock price (10-Jun-2019)

1.6

Cash (31-Dec-2018)

329.1m
Ocwen's current market capitalization is $217.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.0b2.1b1.7b1.4b1.2b1.1b

Revenue growth, %

4%(18%)(20%)

Sales and marketing expense

442.8m415.1m381.3m359.0m298.0m

General and administrative expense

105.1m112.9m80.2m66.0m59.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

531.2m551.3m553.1m404.9m330.8m359.4m321.9m311.3m284.6m260.3m253.6m

Sales and marketing expense

118.1m105.6m110.6m102.6m96.2m92.9m91.8m90.4m90.5m78.1m69.8m

General and administrative expense

30.8m32.1m25.8m31.0m24.7m16.8m17.7m16.5m15.3m12.6m12.9m

Operating expense total

346.3m349.2m345.5m387.7m328.7m271.7m276.4m280.5m273.5m206.5m205.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

178.5m129.5m257.3m256.5m259.7m329.1m

Accounts Receivable

Inventories

PP&E

53.8m43.3m57.6m62.7m37.0m33.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

357.5m242.4m259.5m458.7m280.5m263.5m268.3m251.5m299.9m285.7m228.4m

PP&E

56.8m51.6m48.0m44.9m72.3m62.7m60.8m56.4m42.7m33.3m30.6m

Goodwill

420.2m420.2m

Total Assets

5.3b8.2b8.4b8.0b7.4b7.6b7.9b7.9b8.1b8.5b8.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

294.1m(469.6m)(246.7m)(199.4m)(128.5m)(70.6m)

Depreciation and Amortization

24.2m21.9m19.2m25.3m26.9m27.2m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

188.9m127.5m(22.5m)(111.2m)(188.9m)(32.6m)(77.1m)(83.2m)2.6m(27.1m)

Depreciation and Amortization

17.2m5.5m10.8m13.5m5.0m18.3m7.1m13.4m20.4m6.5m12.6m

Cash From Operating Activities

1.0b195.8m210.0m774.0m140.9m350.4m85.7m280.7m401.2m99.4m196.6m

Cash From Investing Activities

50.0m(378.2m)(542.2m)(183.0m)(572.2m)(275.0m)(516.2m)(659.3m)(135.9m)(266.2m)
USDY, 2018

Revenue/Employee

155.2k

Financial Leverage

16.9 x
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Ocwen Operating Metrics

Ocwen'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 Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
PHH CorporationFebruary 27, 2018$360 m

Ocwen Revenue Breakdown

Embed Graph

Ocwen revenue breakdown by business segment: 89.9% from Servicing, 8.1% from Lending and 2.0% from Other

Ocwen Online and Social Media Presence

Embed Graph

Ocwen News and Updates

Ocwen Financial Announces Updates on Key Business Initiatives

Completes servicing loan transfer to Black Knight LoanSphere MSP and licensed entity merger of Ocwen Loan Servicing into PHH Mortgage Corporation Completes servicing loan transfer to Black Knight LoanSphere MSP and licensed entity merger of Ocwen Loan Servicing into PHH Mortgage Corporation

Ocwen Financial Announces Operating Results for First Quarter 2019

WEST PALM BEACH, Fla., May 07, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today reported a net loss of $44.5 million, or $0.33 per share, for the three months ended March 31, 2019 compared to a net incom…

Ocwen Financial Schedules Conference Call – First Quarter 2019 Results

WEST PALM BEACH, Fla., April 30, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”) will hold a conference call on Tuesday, May 7, 2019 at 8:30 a.m. (ET) to review the Company’s first quarter 2019 operating results. These events will follow Ocwen’s first qu…

Ocwen Financial Announces Operating Results for Fourth Quarter and Full Year 2018

WEST PALM BEACH, Fla., Feb. 27, 2019 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE:OCN) (“Ocwen” or the “Company”), a leading financial services holding company, today reported a net loss of $(70.8) million, or $(0.53) per share, for the full year 2018 compared to a net loss of $(128.0) m…

Ocwen Financial Corporation Announces Appointment of Two New Directors

 Appoints Jenne K. Britell and Kevin Stein to Board of Directors
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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 Scott Anderson, Timothy Hayes and Catherine Dondzila.

  • How many employees does Ocwen have?

    Ocwen has 7,200 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 $147.6 k.

  • Who are Ocwen competitors?

    Competitors of Ocwen include Freddie Mac, BancFirst and The First Bancorp.

  • 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, Fort Washington, Rancho Cordova, Philadelphia and in 5 other locations.

  • How many offices does Ocwen have?

    Ocwen has 9 offices.