Financial services holding company providing residential and commercial mortgage loan servicing, special servicing, and asset management services.
Ocwen Financial Corporation operates as a significant player in the financial services sector, specializing in the origination and servicing of mortgage loans across various markets. Established in 1988 and headquartered in West Palm Beach, Florida, Ocwen serves a diverse client base spanning the United States, the United States Virgin Islands, India, and the Philippines. The company functions through two primary segments: Servicing and Originations. Under the Servicing segment, Ocwen offers a range of services including commercial mortgage loan servicing, special servicing, asset management, and residential mortgage loan servicing. This encompasses forward and reverse conventional loans, government-insured loans, and non-agency loans, extending its services to both mortgage loan owners and owners of foreclosed real estate.
Through its Originations segment, Ocwen engages in the origination and purchase of conventional and government-insured residential forward and reverse mortgage loans. This is facilitated through correspondent lending arrangements, broker relationships, and retail channels, enhancing its market reach and service offerings under brands such as PHH Mortgage and Liberty Reverse Mortgage. With a robust operational footprint and a focus on customer-centric solutions, Ocwen Financial Corporation remains committed to meeting the diverse mortgage financing needs of its clientele while navigating the complexities of the global mortgage servicing industry.
Ocwen's strategic presence in key domestic and international markets underscores its role as a pivotal player in the mortgage services sector, leveraging decades of industry expertise and a comprehensive suite of financial products. The company's commitment to innovation and service excellence continues to drive its growth and expansion, maintaining its position as a trusted partner in mortgage origination and servicing solutions.