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.”
Company Growth (employees)
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

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 Financials and Metrics

Ocwen Financial Corporation Financials

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

Revenue (FY, 2016)

1.4 b

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

(20%)

Net income (FY, 2016)

(199.4 m)

Market capitalization (13-Nov-2017)

400.4 m
Ocwen Financial Corporation's current market capitalization is $400.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2 b2.1 b1.7 b1.4 b

Revenue growth, %

4%(18%)(20%)

Sales and marketing expense

381.3 m

General and administrative expense

80.2 m
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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

178.5 m129.5 m257.3 m256.5 m

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

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
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

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)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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)
Show all financial metrics

Ocwen Financial Corporation Operating Metrics

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

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$194.8 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 Issued

$1.55 b$1.81 b$2.1 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
Show all operating metrics

Ocwen Financial Corporation Market Value History

Ocwen Financial Corporation Revenue Breakdown

Ocwen Financial Corporation Median Salaries

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

Ocwen Financial Corporation's Web-traffic and Trends

Ocwen Financial Corporation Online and Social Media Presence

Ocwen Financial Corporation Company Life and Culture

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