Company Ocwen Financial Corporation Nyse

Equities

OCN

US6757463095

Banks

Delayed Nyse 11:18:22 2021-10-05 am EDT 5-day change 1st Jan Change
28.68 USD -0.28% Intraday chart for Ocwen Financial Corporation +0.63% -0.52%

Business Summary

Ocwen Financial Corporation is a financial services company, which provides services and originates both forward and reverse mortgage loans, through its brands, PHH Mortgage and Liberty Reverse Mortgage. The Company operates through three segments: Servicing, Originations, and Corporate Items and Other. Its 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. Its 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. Its Corporate Items and Other segment include revenues and expenses of corporate support services, inactive entities, and its other business activities that are individually insignificant.

Sales per Business

USD in Million2022Weight2023Weight Delta
Servicing
93.2 %
822 86.1 % 995 93.2 % +21.04%
Originations
6.8 %
141 14.8 % 72 6.8 % -48.90%

Sales per region

USD in Million2022Weight2023Weight Delta
United States, India and Philippines
100.0 %
954 100.0 % 1,067 100.0 % +11.83%

Managers

Managers TitleAgeSince
Chief Executive Officer 62 18-10-03
Director of Finance/CFO 58 22-06-12
Chief Investment Officer 53 22-11-30
Compliance Officer 43 22-09-30
Chief Administrative Officer 68 19-07-31
Comptroller/Controller/Auditor 53 19-08-11
General Counsel 52 13-03-31
Corporate Officer/Principal 55 93-10-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 81 19-02-20
Chief Executive Officer 62 18-10-03
Director/Board Member 69 15-05-10
Director/Board Member 75 16-01-19
Director/Board Member 72 15-01-19
Director/Board Member 64 15-01-19
Director/Board Member 62 19-02-20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 7,684,401 6,555,643 ( 85.31 %) 0 85.31 %

Shareholders

NameEquities%Valuation
Long Focus Capital Management LLC
8.486 %
652,088 8.486 % 17 M $
616,706 8.025 % 16 M $
Deer Park Road Management Co. LP
7.521 %
577,921 7.521 % 15 M $
BlackRock Advisors LLC
6.033 %
463,635 6.033 % 12 M $
454,767 5.918 % 12 M $
Oaktree Capital Management LP
5.869 %
451,029 5.869 % 12 M $
Dimensional Fund Advisors LP
4.704 %
361,471 4.704 % 9 M $
Vanguard Fiduciary Trust Co.
4.226 %
324,773 4.226 % 8 M $
255,783 3.329 % 7 M $
Prescott Group Capital Management LLC
2.362 %
181,518 2.362 % 5 M $

Company contact information

Ocwen Financial Corp.

1661 Worthington Road Suite 100

33409, West Palm Beach

+561 682 8000

http://www.ocwen.com
address Ocwen Financial Corporation(OCN)

Group companies

NameCategory and Sector
Financial Conglomerates
Finance/Rental/Leasing