Ocwen Financial Corp - Company Profile
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Ocwen Financial Corp (Ocwen Financial) is a financial service holding company that services and originates loans through its subsidiaries. It offers refinancing, retail loans, mortgage loans, distribution funds, residential mortgages, and the collection of insurance claims. The company also offers a collection of principal and interest payments; insurance; loan underwriting; purchases of mortgage loans; and administration of tax and an insurance escrow account. It serves retail and wholesale clients in the US, India, and the Philippines. Ocwen Financial is headquartered in West Palm Beach, Florida, the US.
Ocwen Financial Corp premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Retail Lending: | Servicing Business: | Liberty Reverse Mortgage |
Refinancing | Residential Mortgage | PHH Mortgage |
Retail Loans | Collection of Principal and Interest Payments | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Others | In April, the company's subsidiary PHH Mortgage Corporation renews its partnership with NAACP to help homeowners through virtual borrower outreach series |
2022 | Others | In May, the company announced its Board of Directors authorized a share repurchase program for an aggregate amount of up to US$50.0 million of the Company’s issued and outstanding shares of common stock. |
2021 | Acquisitions/Mergers/Takeovers | In October, the company's subsidiary PHH Mortgage Corporation completed the acquisition of Reverse Mortgage Solutions, Inc. |
Competitor Comparison
Key Parameters | Ocwen Financial Corp | JPMorgan Chase & Co | Bank of America Corp | Wells Fargo & Co | Citibank NA |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | West Palm Beach | New York | Charlotte | San Francisco | Sioux Falls |
State/Province | Florida | New York | North Carolina | California | South Dakota |
No. of Employees | 4,500 | 309,926 | 213,000 | 226,000 | 191,685 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Glen A. Messina | President; Chief Executive Officer; Chairman | Executive Board | 2023 | 61 |
Sean O'Neil | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 57 |
Francois Grunenwald | Chief Accounting Officer; Senior Vice President | Senior Management | 2019 | 52 |
Joseph J. Samarias | Executive Vice President; General Counsel; Chief Legal Officer; Secretary | Senior Management | 2022 | 51 |
Dennis Zeleny | Chief Administrative Officer; Executive Vice President | Senior Management | 2019 | 67 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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