Ocwen Financial Corporation was founded in 1988 as a service company for residential mortgages. The company began servicing subprime mortgage loans in 1994.
Today Ocwen Financial Corporation, through its subsidiaries, service commercial and residential mortgages. These are mainly high-risk or delinquent loans for third parties.
The company’s main subsidiary is Ocwen Loan Servicing, which is licensed to service loans in all fifty U.S. states as well as two U.S. territories.
Ocwen’s most notable clients include Credit Suisse, Freddie Mac, Morgan Stanley, Goldman Sachs, and Deutsche Bank.
Ocwen Financial Corporation trades publicly on the New York Stock Exchange under the ticker symbol OCN, is #8 in Fortune’s list of Fastest-Growing Companies, is #955 in the Fortune 1000, has over 6,000 employees, and had $2.07 billion in revenue in 2014.
Ocwen Financial Corporation
Ocwen Financial Corporation was founded in 1988 as a service company for residential mortgages. The company began servicing subprime mortgage loans in 1994.
Today Ocwen Financial Corporation, through its subsidiaries, service commercial and residential mortgages. These are mainly high-risk or delinquent loans for third parties.
The company’s main subsidiary is Ocwen Loan Servicing, which is licensed to service loans in all fifty U.S. states as well as two U.S. territories.
History
Ocwen’s most notable clients include Credit Suisse, Freddie Mac, Morgan Stanley, Goldman Sachs, and Deutsche Bank.
Ocwen Financial Corporation trades publicly on the New York Stock Exchange under the ticker symbol OCN, is #8 in Fortune’s list of Fastest-Growing Companies, is #955 in the Fortune 1000, has over 6,000 employees, and had $2.07 billion in revenue in 2014.