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Ocwen Financial Corp. Profile
Last Updated December 13, 2018 3:50 PM Central



Company Name:


Ocwen Financial Corp.


Stock Symbol:


OCN


Related Companies:


Ocwen Loan Servicing LLC

Altisource Asset Management Corp.

Altisource Portfolio Solutions S.A.

Altisource Residential Corp.

American Home Mortgage Servicing Inc.

Correspondent One

HLSS Holdings LLC

HLSS Mortgage Master Trust

Home Loan Servicing Solutions Ltd.

Homeward Residential Holdings Inc.

Genworth Financial Home Equity Access Inc. (Liberty Home Equity Solutions Inc.)

Liberty Home Equity Solutions Inc.

Ocwen Mortgage Servicing Inc.

Ocwen Financial Solutions Private Limited

PHH Corp.

PHH Mortgage Corp.

Residential Capital LLC


Headquarters Address:


1661 Worthington Road, Suite 100
West Palm Beach, Florida 33409


Average Number of Employees



U.S.:

1,600 as of June 30, 2018

2,038 as of Dec. 31, 2017

2,600 as of Dec. 31, 2016
(gross international 9,700 less 6,300 in India and 800 in Philippines)

1,390 2016 average

1,938 2015

2,445 Q3 2014

3,322 2013

661 2012

552 2011

India & Other:

5,000 as of June 30, 2018

5,600 as of Dec. 31, 2017

2,600 as of Dec. 31, 2016
(gross international 9,700 less 6,300 in India and 800 in Philippines)

1,390 2016 average

1,938 2015

2,445 Q3 2014

3,322 2013

661 2012

552 2011


Web sites:


Ocwen Financial Corp.
www.ocwen.com


Liberty Home Equity Solutions Inc.
www.libertyhomeequity.com


Executives



Board of Directors Chair:


Phyllis Caldwell

CEO:


Glen A. Messina

President:


Glen A. Messina

Chief Investment Officer:


John V. Britti

CFO:


Michael R. Bourque Jr.

SVP, Chief Risk and Compliance Officer:


Albert J. Celini

EVP, Chief Growth Officer:


Timothy J. Yanoti

President (Homeward):


Greg O'Connor

CRE Director:


William H. Stolberg

SVP, TPO (Homeward):


Michael Moorhouse

VP Sales Western Division (Homeward):


Scott Houp

VP Divisional Manager, East Division (Homeward):


Jason Dumke

VP Correspondent Sales (Homeward):


John Douglas


Originations



Originations & Purchases (including HECM):

$0.370 billion 2018 through June 30

$3.560 billion 2017

$5.014 billion 2016

$4.741 billion 2015

$4.932 billion/ 29,158 loans 2014

$8.107 billion 2013 (excluding HECM)

$0.670 billion 2012 (excluding HECM)


HECM Endorsements # Calendar Year (Liberty Home Equity Solutions Inc. - RMI):

2,664 loans 2018 through Nov. 30

3,504 loans
2017

3,145 loans 2016

3,875 loans 2015

4,660 loans 2014

6,664 loans 2013

3,030 loans 2012


Mortgage Holdings



Primary Mortgage Servicing Portfolio (excluding subservicing):

$165.527 billion as of June 30, 2018

$177.289 billion as of Dec. 31, 2017

$204.762 billion as of Dec. 31, 2016

$230.133 billion as of Dec. 31, 2015

$348.367 billion as of Dec. 31, 2014

$397.547 billion as of Dec. 31, 2013

Total Mortgage Servicing Portfolio (including subservicing):

$165.527 billion as of June 30, 2018

$179.353 billion
as of Dec. 31, 2017

$209.092 billion as of Dec. 31, 2016

$253.966 billion as of Dec. 31, 2015

$398.728 billion as of Dec. 31, 2014

$464.651 billion as of Dec. 31, 2013

$203.7 billion / 1,219,956 loans as of Dec. 31, 2012

$102.2 billion as of Dec. 31, 2011

$73.9 billion as of Dec. 31, 2010

$50.0 billion as of Dec. 31, 2009

$41.8 billion as of Sept. 30, 2008

Loans Held for Investment:

$5.144 billion as of June 30, 2018

$4.716 billion
as of Dec. 31, 2017

$3.566 billion as of Dec. 31, 2016

$2.488 billion as of Dec. 31, 2015

$1.550 billion as of Dec. 31, 2014

Commercial Servicing Portfolio:

$1.868 billion / 4,139 loans as of Jun. 30, 2013

Delinquency



Delinquency Rate:

8.3% as of June 30, 2018

9.3%
as of Dec. 31, 2017

11.2% as of Dec. 31, 2016

13.7% as of Dec. 31, 2015

Delinquency of at least 60 days on transferred residential loans serviced by Ocwen:

3.6% as of June 30, 2014

2.6% as of Dec. 31, 2013


Government Data on Ocwen Financial Corp.


SEC Filings (Ocwen Financial Corp.):

Ocwen SEC Filings



Ocwen Financial Corp. Headlines


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