Onity Group Inc - Company Profile
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Onity Group Inc (Onity) is a mortgage banking and servicing company. It provides mortgage origination, servicing, subservicing, asset liquidity, and portfolio management services. Its offerings include residential and commercial servicing, correspondent lending, co-issue and bulk mortgage servicing rights transactions, portfolio retention, mortgage refinancing, and home equity loans and lines of credit. 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. Onity collaborates with a network of mortgage companies and financial institutions to purchase mortgage servicing rights. It serves retail and wholesale clients in the US, India, and the Philippines. Onity is headquartered in West Palm Beach, Florida, the US.
Headquarters
United States of America
Address
1661 Worthington Road, Suite 100, West Palm Beach, Florida, 33409
Website
www.onitygroup.com
Telephone
1 561 6828000
No of Employees
4,300
Industry
Financial Services
Ticker Symbol & Exchange
ONIT (NYSE)
Revenue (2024)
$1.1B
9.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
457.4%
(2024 vs 2023)
Market Cap*
$256.5M
Net Profit Margin (2024)
XYZ
410.6%
(2024 vs 2023)
* As of and is in US$
Onity Group Inc 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 |
|---|---|---|
| 2025 | Contracts/Agreements | In June, the company's subsidiary PHH Mortgage Corporation partnered with Blend Labs to utilize Blend’s technology platform. |
| 2025 | New Products/Services | In April, the company's subsidiary PHH Mortgage Corporation launched a proprietary reverse mortgage product known as EquityIQ. |
| 2024 | Acquisitions/Mergers/Takeovers | In October, the company acquired all assets of Mortgage Asset Management (MAM) for US$55 million. |
Competitor Comparison
| Key Parameters | Onity Group Inc | 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 | 4,300 | 320,560 | 209,911 | 197,466 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Glen A. Messina | Chairman; President; Chief Executive Officer | Executive Board | 2023 | 65 |
| Sean O'Neil | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 61 |
| Aulene Wessel | Chief Accounting Officer; Senior Vice President | Senior Management | 2026 | 44 |
| Joseph J. Samarias | Secretary; Chief Legal Officer; Executive Vice President | Senior Management | 2022 | 55 |
| Dennis Zeleny | Executive Vice President; Chief Administrative Officer | Senior Management | 2019 | 71 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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