Company
Ocwen Financial Corporation
Headquarters: West Palm Beach, FL, United States
Founded: February 1988
Employees: 5,700
CEO: Mr. Glen A. Messina
Market Cap
$195.9 Million
USD as of Jan. 1, 2025
Ocwen Financial Corporation Categories
United States Financials Mortgage FinanceUnited States Financials United States Mortgage Finance
Top Competitors by Market Capitalization
Industry: Mortgage Finance
| Company | Market Cap (USD) |
|---|---|
| Rocket Companies, Inc. | $23.79 B |
| UWM Holdings Corporation Class | $10.27 B |
| Fannie Mae | $7.53 B |
| Mr. Cooper Group Inc. | $6.58 B |
| Essent Group Ltd. | $6.13 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $991.39 B |
| JPMorgan | $744.02 B |
| Visa | $635.57 B |
| Mastercard | $490.32 B |
| Bank of America | $353.07 B |
Detailed Description
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.
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Financials
| Last Financial Reports Date | Dec. 31, 2023 |
| Revenue TTM | $1.07 B |
| EBITDA | $237.7 M |
| Gross Profit TTM | $584.5 M |
| Profit Margin | -5.97% |
| Operating Margin | 62.64% |
| Quarterly Revenue Growth | 10.70% |
Stocks & Indices
Ocwen Financial Corporation has the following listings and related stock indices.
Stock: NYSE: OCN wb_incandescent
Stock: FSX: OW0A wb_incandescent
Key People
Glen Messina (President and CEO) Phyllis R. Caldwell (Chairman of the Board)