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Ocwen Financial Overview

Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".
The staff at Ocwen Financial come from unusually diverse demographic backgrounds. The company is 51.6% female and 42.5% ethnic minorities. Ocwen Financial employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 63.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Ocwen Financial seem to be happy. The company has great employee retention with staff members usually staying for 4.4 years. The average employee at Ocwen Financial makes $62,760 per year. Pay at Ocwen Financial is significantly lower than some of its highest paying competitors, like E-Trade, TD Ameritrade, and HSBC North America Holdings, which pay $83,539, $82,181, and $79,071, respectively.
Based in Florida, Ocwen Financial is a key player in the finance industry with 6,400 employees and an annual revenue of $18.0B.

The Organization’s Mission

To help homeowners and delivering exceptional service and value to customers, clients and investors.

Perks of Working at Ocwen Financial

Ocwen Financial offers a tuition reimbursement program, 401k match, access to medical, dental, and vision insurance, short-term disability and long-term disability benefits, etc.

Industry

Banks

Revenue

$18.0B

Employees

6,400

Founded in

1988

Headquarters

West Palm Beach, FL

Website

ocwen.com

Organization Type

Public

Is This Your Company?

The Team At Ocwen Financial

Key People
  • Martha Goss (Director)
  • William Lacy (Director)
  • Phyllis Caldwell (Chairman of the Board)
  • Daniel Seguine (Executive Officer)
  • Paul Koches (Executive Officer)
  • Hermeian Leon (Human Resources Manager)
  • William Shepro (Executive Officer)
  • William Erbey (Director, Executive Officer)
  • Barry Wish (Director)
  • Glen Messina (ceo)
  • Ronald Korn (Director)
  • David Gunter (Executive Officer)
  • Ronald Faris (Director, Executive Officer)
The Inside Scoop
Ocwen Financial Corporation (Ocwen), established in 1988, is one of the largest mortgage companies in America. Its primary business is mortgage loan servicing and origination. Headquartered in West Palm Beach, Florida, Ocwen's global community has team members are located throughout the United States, US Virgin Islands, India and the Philippines. The company's aim is to provide caring service and innovative lending solutions for homeowners and commercial customers.
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The Culture At Ocwen Financial

Information provided by the company
Primary LocationUS-FL-West Palm BeachJobResidential Servicing
And, as part of the Liberty family, you'll build long-term relationships in your career here.
Operates with a sense of urgency.. Open to ongoing growth and education to stay ahead of new technology solutions and systems.

Ocwen Financial Reviews

Zippia Official Logo

5.0

Zippia UserDecember 2020

5.0

Zippia Official LogoZippia UserDecember 2020

What Do You Like About Working There?

Flexible working hours, supportive management Show More

What DON'T You Like About Working There?

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What Are Your Favorite Benefits/Perks?

Life and Medical Insurance, Retirement benefits, Recreation activities, food and coffee, and flexible work schedules Show More
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Ocwen Financial Rankings

Ocwen Financial is ranked #75 on the Best Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Ocwen Financial Salaries

How much does Ocwen Financial pay?
The national average salary for an Ocwen Financial employee in the United States is $62,760 per year. Employees in the top 10 percent can make over $132,000 per year, while employees at the bottom 10 percent earn less than $29,000 per year.
9.7
Salary Score
Average Employee Earnings

Ocwen Financial Salaries By Job Title

The average employee at Ocwen Financial earns a yearly salary of $62,760 per year, but different jobs can earn drastically different salaries. The higher paying positions at Ocwen Financial include director, relationship manager, software engineer, and senior underwriter. A typical director salary at Ocwen Financial is $158,024. Some of the other roles at Ocwen Financial are cashier and customer care coordinator. A worker with the title cashier at Ocwen Financial earns an average salary of $26,599 per year.
Job Title
Title
ascdesc
Average Salarydesc
Director
Salary Range135k - 184k$158k$158,024
Relationship Manager
Salary Range93k - 144k$116k$116,271
Software Engineer
Salary Range90k - 120k$104k$104,352
Senior Underwriter
Salary Range80k - 129k$102k$102,206
Java Developer
Salary Range83k - 110k$96k$96,097
Asset Manager
Salary Range80k - 104k$91k$91,327
Systems Engineer
Salary Range78k - 100k$89k$88,867
Team Leader
Salary Range63k - 118k$87k$86,786
Systems Administrator
Salary Range75k - 98k$86k$86,105
Associate
Salary Range68k - 96k$82k$81,549
$41k
$184k

Ocwen Financial Careers

On average, employees at Ocwen Financial stay with the company for 4.4 years. Employees most commonly join Ocwen Financial after leaving GMAC Mortgage Group. When they leave Ocwen Financial, they most frequently get their next job at JPMorgan Chase & Co..

Average Length of Employment

Top Employers Before Ocwen Financial

Top Employers After Ocwen Financial

Ocwen Financial Employee Demographics

9.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Ocwen Financial Employees Education

Of the 6,400 employees at Ocwen Financial, 22.9% attended University of Northern Iowa. Employees at Ocwen Financial most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Ocwen Financial Employee Political Affiliation

Ocwen Financial employees are most likely to be members of the Democratic Party. The largest donation made to a political party by an Ocwen Financial employee was by Phyllis Caldwell. Phyllis Caldwell donated $7,250 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Phyllis CaldwellExecutive
Phyllis Caldwell
Executive
Executive
Democratic Party
Democratic Party
$7,250Democratic Party
$7,250
Scott GoldsteinDirector
Scott Goldstein
Director
Director
Republican Party
Republican Party
$5,400Republican Party
$5,400
Adrienne CoffinSenior Vice President
Adrienne Coffin
Senior Vice President
Senior Vice President
Democratic Party
Democratic Party
$4,798Democratic Party
$4,798
Jill ShowellGovernment Relations
Jill Showell
Government Relations
Government Relations
Democratic Party
Democratic Party
$3,700Democratic Party
$3,700
Paul KochesLawyer
Paul Koches
Lawyer
Lawyer
Democratic Party
Democratic Party
$2,500Democratic Party
$2,500
Michael KelleyHedge Fund Manager
Michael Kelley
Hedge Fund Manager
Hedge Fund Manager
Democratic Party
Democratic Party
$2,000Democratic Party
$2,000
Sherri GoodmanExecutive
Sherri Goodman
Executive
Executive
Democratic Party
Democratic Party
$1,000Democratic Party
$1,000
Tait NortonAttorney
Tait Norton
Attorney
Attorney
Republican Party
Republican Party
$500Republican Party
$500
Thomas GilmanFinance Executive
Thomas Gilman
Finance Executive
Finance Executive
Republican Party
Republican Party
$500Republican Party
$500
Charles LoweryAttorney
Charles Lowery
Attorney
Attorney
Democratic Party
Democratic Party
$500Democratic Party
$500
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Ocwen Financial Employment Videos

Ocwen Financial Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1988

Organization type

Public

Ocwen Financial Financing Rounds

DateascdescAmountascdescSecurity Typeascdesc
Apr 16, 2009Equity
Apr 16, 2009
$60,186,500
$60,186,500
Equity
Equity

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Ocwen Financial Competitors

Based on our research, similar companies to Ocwen Financial are E-Trade, TD Ameritrade, and HSBC North America Holdings. The average salaries at E-Trade rank the highest, with their employees earning an average salary of $83,539 per year. The employees at TD Ameritrade earn an average yearly salary of $82,181 per year, and the salaries at HSBC North America Holdings average $79,071 per year.
Companydesc
Average Salarydesc
E*TRADE
Salary Range60k - 114k$84k$83,539
TD Ameritrade
Salary Range60k - 111k$82k$82,181
HSBC North America Holdings
Salary Range57k - 109k$79k$79,071
T. Rowe Price
Salary Range58k - 106k$79k$78,672

Homeward Residential

Salary Range45k - 88k$64k$63,662
Countrywide Home Loans
Salary Range45k - 77k$60k$59,630
EverBank
Salary Range43k - 80k$59k$59,119

Homecomings Financial

Salary Range41k - 84k$59k$58,952

First Marblehead Data Services

Salary Range41k - 84k$59k$58,939

Fremont Bancorporation

Salary Range37k - 91k$58k$58,489
$29k
$114k

Frequently Asked Questions about Ocwen Financial

When was Ocwen Financial founded?

Ocwen Financial was founded in 1988.

How many Employees does Ocwen Financial have?

Ocwen Financial has 6,400 employees.

How much money does Ocwen Financial make?

Ocwen Financial generates $18.0B in revenue.

What industry is Ocwen Financial in?

Ocwen Financial is in the banks industry.

What is Ocwen Financial's mission?

Ocwen Financial's mission statement is "To help homeowners and delivering exceptional service and value to customers, clients and investors."

What type of company is Ocwen Financial?

Ocwen Financial is a public company.

Who are Ocwen Financial's competitors?

Ocwen Financial competitors include Walter Investment Management, RoundPoint Mortgage Servicing, Nationstar Mortgage, Option One Mortgage, Homeward Residential, Fremont Bancorporation, Saxon Mortgage Services, First Marblehead Data Services, EverBank, E-Trade, EMC Mortgage, CitiFinancial Mortgage Company, T. Rowe Price, TD Ameritrade, CFG Community Bank, Homecomings Financial, Washington Mutual Card Services, Countrywide Home Loans, First Investors Financial Services Group, HSBC North America Holdings.

Who works at Ocwen Financial?

Martha Goss (Director)

William Lacy (Director)

Phyllis Caldwell (Chairman of the Board)

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Are You An Executive, HR Leader, Or Brand Manager At Ocwen Financial?

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Updated July 8, 2021

Zippia gives an in-depth look into the details of Ocwen Financial, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ocwen Financial. The employee data is based on information from people who have self-reported their past or current employments at Ocwen Financial. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Ocwen Financial and its employees or that of Zippia.

Ocwen Financial may also be known as or be related to OCWEN FINANCIAL CORP, Ocwen, Ocwen Financial and Ocwen Financial Corporation.