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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 Overview

Ocwen has been a leader in the commercial mortgage industry for over 20 years. They have experience in managing and resolving performing and non-performing loans and real estate to maximize the net present value of the investment to the owner with the same care, skill and diligence as they would servicing their own loans. Ocwen's experienced professionals, streamlined processes and proprietary technology provides Ocwen with the ability to accurately service and quickly resolve large and small balance commercial portfolios. Their precision, accelerated turnaround times, and high speed of resolution embodies the cornerstone of their commitment to Special Servicing and reducing the loss severity of non-performing loans and REO.
The staff at Ocwen Financial come from unusually diverse demographic backgrounds. The company is 54.4% female and 42.4% ethnic minorities. Ocwen Financial employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 61.0% 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 4.7 years. The average employee at Ocwen Financial makes $71,112 per year. Pay at Ocwen Financial is significantly lower than some of its highest paying competitors, like Morgan Stanley, BNY Mellon, and Citi, which pay $117,587, $92,556, and $81,932, respectively.
Based in West Palm Beach, FL, Ocwen Financial is a key player in the finance industry with 6,400 employees and an annual revenue of $960.9M.

The Organization’s Mission

To delight our customers through caring service and innovative home-ownership solutions.

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

Diversified Financial Services

Revenue

$960.9M

Employees

6,400

Founded in

1988

Website

www.ocwen.com

Organization Type

Public

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Ocwen Financial Employee 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

What DON'T You Like About Working There?

Process streamline

What Are Your Favorite Benefits/Perks?

Life and Medical Insurance, Retirement benefits, Recreation activities, food and coffee, and flexible work schedules
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The Team At Ocwen Financial

Key People

Glen A. Messina

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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Ocwen Financial Company Rankings

Ocwen Financial is ranked #36 on the Best Finance 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

9.7
Salary Score
The national average salary for an Ocwen Financial employee in the United States is $71,112 per year. Employees in the top 10 percent can make over $136,000 per year, while employees at the bottom 10 percent earn less than $37,000 per year.
Average Ocwen Financial Salary
$71,112 yearly
$34.19 hourly
Updated July 11, 2022
$37,000
10 %
$71,000
Median
$136,000
90 %
Average Employee Earnings
BNY Mellon
$92,556
Citi
$81,932
Navient
$32,549

Highest Paying Jobs At Ocwen Financial

Rank  Job Title  Avg. Salary  Hourly Rate  
1Director$176,322$85
2Team Leader$124,061$60
3Associate$117,009$56
4Software Engineer$114,498$55
5Java Developer$108,821$52
6Systems Administrator$105,525$51
7Systems Engineer$105,413$51
8Asset Manager$103,186$50
9Business Analyst$102,125$49
10Senior Underwriter$100,385$48
11Relationship Manager$90,456$43
12Loan Counselor$87,443$42
13Reporting Analyst$87,151$42
14Corporate Recruiter$86,223$41
15Home Service Consultant$85,181$41
16Senior Accountant$84,721$41
17Foreclosure Specialist$78,409$38
18Account Executive$77,885$37
19Mortgage Underwriter$77,809$37
20Contract Coordinator$52,634$25

Ocwen Financial Demographics Summary

9.9
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 Gender Distribution

Male
Male
46%
Female
Female
54%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Ocwen Financial. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Ocwen Financial has 6,400 employees.

  • 54% of Ocwen Financial employees are women, while 46% are men.

  • The most common ethnicity at Ocwen Financial is White (58%), followed by Hispanic or Latino (21%) and Black or African American (11%).

  • Ocwen Financial employees are most likely to be members of the democratic party.

  • On average, employees at Ocwen Financial stay with the company for 4.7 years.

  • The average employee at Ocwen Financial makes $71,112 per year.

Biggest Ocwen Financial Locations

Rank  City  Job Count  
1West Palm Beach, FL6
2Houston, TX3

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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.

Parties

Democratic Party

61.1 %
-

Republican Party

38.9 %
-

Employee Political Donations

Name  Job Title  Party  Donation  
Phyllis CaldwellExecutiveDemocratic Party$7,250
Scott GoldsteinDirectorRepublican Party$5,400
Adrienne CoffinSenior Vice PresidentDemocratic Party$4,798
Jill ShowellGovernorDemocratic Party$3,700
Paul KochesLawyerDemocratic Party$2,500
Michael KelleyHedge Fund ManagerDemocratic Party$2,000
Sherri GoodmanExecutiveDemocratic Party$1,000
Michael KentExecutiveRepublican Party$1,000
Tait NortonAttorneyRepublican Party$500
Thomas GilmanFinance ExecutiveRepublican Party$500
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Ocwen Financial Employment Videos

Ocwen Financial Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Ocwen Financial Annual Revenue

$1B
$1B
$832M
$555M
$277M
$0
2016
2017
2018
2019
2020

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Ocwen Financial Subsidiaries

Subsidiaries to Ocwen Financial include PHH Corporation, Homeward Residential Inc, and Atrium Insurance Corp. Employees at the parent company, Ocwen Financial, earn $71,112. In comparison, the salaries at PHH Corporation, Homeward Residential Inc, and Atrium Insurance Corp are $60,043, $56,119, and $49,117.
Company
ascdesc
Average Salarydesc

PHH Corporation

Salary Range43k - 81k$60k$60,043

Homeward Residential Inc

Salary Range38k - 81k$56k$56,119

Atrium Insurance Corp

Salary Range33k - 72k$49k$49,117

Litton Loan Servicing LP

Salary Range32k - 65k$46k$46,071
$32k
$81k

Ocwen Financial Competitors

Based on our research, similar companies to Ocwen Financial are Morgan Stanley, BNY Mellon, and Citi. The average salaries at Morgan Stanley rank the highest, with their employees earning an average salary of $117,587 per year. The employees at BNY Mellon earn an average yearly salary of $92,556 per year, and the salaries at Citi average $81,932 per year.
Companydesc
Average Salarydesc
Morgan Stanley
Salary Range88k - 155k$118k$117,587
BNY Mellon
Salary Range69k - 123k$93k$92,556
Citi
Salary Range56k - 118k$82k$81,932
T. Rowe Price
Salary Range62k - 102k$80k$80,214
Heartland Payment Systems
Salary Range51k - 83k$65k$65,428
Caliber Home Loans
Salary Range45k - 89k$64k$64,314
First Horizon Bank
Salary Range42k - 92k$62k$62,452
PHH Corporation
Salary Range43k - 81k$60k$60,043

Fremont Bank

Salary Range37k - 90k$58k$58,055
Cognition Financial
Salary Range38k - 85k$57k$57,198
$18k
$155k

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 $960.9M in revenue.

What industry is Ocwen Financial in?

Ocwen Financial is in the diversified financial services industry.

What is Ocwen Financial's mission?

Ocwen Financial's mission statement is "To delight our customers through caring service and innovative home-ownership solutions."

What type of company is Ocwen Financial?

Ocwen Financial is a public company.

Who are Ocwen Financial's competitors?

Ocwen Financial competitors include Citi, Morgan Stanley, BNY Mellon, Navient, Prudential Retirement Insurance And Annuity Co On Behalf Of Its Separate Account Ssa-4642 Fire, Homeward Residential Inc, PHH Corporation, PHEAA, First Horizon Bank, Cognition Financial, Heartland Payment Systems, Nationstar Mortgage, Ditech, American Home Mortgage Servicing, Reverse Mortgage Funding, Fremont Bank, Saxon Mortgage, Caliber Home Loans, T. Rowe Price, Midland Mortgage.

Who works at Ocwen Financial?

Glen A. Messina (President and Chief Executive Officer)

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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. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Ocwen Financial. 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.