Ocwen Financial Company Description
Oc-what? Oc-who? Ocwen. Ocwen Financial services subprime residential mortgage loans for third parties and for itself through its residential servicing segment. Its residential origination services unit also provides fee-based loan processing services as real estate appraisal and title services, as well as outsourced data entry, call center services, and mortgage research. (It exited the subprime origination business, including joint venture Funding America.) The company's Ocwen Recovery Group segment provides collection services on portfolios of unsecured debt. Ocwen has operations in Canada, Germany, India, and the US.
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The Company Description provides a historical perspective of Ocwen Financial's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ocwen Financial's evolution in the marketplace.
