OCWEN FINANCIAL CORP (OCN)

Company Profile

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. The company is headquartered in West Palm Beach, Florida and currently employs 4,900 full-time employees. The firm operates through three segments: Servicing, Originations, and Corporate Items and Other. Servicing segment is comprised of two components, its owned MSRs and its subservicing portfolio. The segment invests its capital to fund purchases and originations of its owned mortgage servicing rights (MSRs) and servicing advances. Originations segment purchases MSRs through bulk portfolio purchases, through flow purchase agreements with its network of mortgage companies and financial institutions, and through participation in the Agency Cash Window (or Co-Issue) programs. Corporate Items and Other segment include revenues and expenses of corporate support services, CR Limited (CRL), its captive reinsurance subsidiary, inactive entities, and its other business activities.

Company Info

OCWEN FINANCIAL CORP

1661 Worthington Rd Ste 100

West Palm Beach FLORIDA 33409

P: 15616828000

CEO: Glen A. Messina

Employees: 4900

Website: https://www.ocwen.com/