Ocwen Financial Corp.
1661 Worthington Road
Suite 100
West Palm Beach,
FL 33409
United States - Map
Phone: 561-682-8000
Fax: 561-682-8177
Web Site: http://www.ocwen.com
| Ocwen Financial Corporation provides asset management and business process solutions to the financial services industry. It principally offers loan servicing, special servicing, mortgage loan due diligence, and receivables management services. The company operates in two segments, Ocwen Asset Management and Ocwen Solutions. The Ocwen Asset Management segment provides asset management and resolution services primarily to owners of subprime mortgage loans. This segment also involves in the trading and investing activities, including investments in subprime residual mortgage backed trading securities and whole loan purchase and securitization activities; and managing residential assets. The Ocwen Solutions segment offers mortgage and default services, which include residential property valuation, mortgage due diligence, mortgage underwriting, and insurance support. It segment also provides collection services for owners of delinquent and charged-off receivables; and contingency collections and customer relationship management services for credit card issuers and other consumer and credit providers. This segment also designs, develops, and delivers a suite of technology products and services to the mortgage industry. The technology products include the REAL suite of applications that supports its servicing business, as well as the servicing and origination businesses of external customers. The company has operations in the United States, Germany, Canada, Uruguay, and India. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida with additional offices in Arizona, California, Florida, Georgia, Illinois, and New York, as well as in Germany, Canada, Uruguay, and India. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. William C. Erbey , 59
Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of Ocwen Federal Bank FSB and Chief Exec. Officer of Ocwen Federal Bank FSB |
$
1.68M |
$
0 | Mr. Ronald M. Faris , 46
Pres, Director, Member of Exec. Committee, Pres of Ocwen Asset Management segment, Pres of Ocwen Federal Bank FSB of Ocwen Federal Bank FSB |
$
1.25M |
$
0 | Mr. David J. Gunter , 50
Chief Financial Officer, Exec. VP and Treasurer |
$
1.01M |
$
0 | Mr. Paul A. Koches , 55
Exec. VP, Corp. Sec. and Gen. Counsel |
$
757.00K |
$
0 | Mr. Michael K. Short ,
VP of Bus. Devel. and Investor Relations |
N/A
| N/A |
|
|
|
Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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0.25% Nasdaq 
0.24 (2.60%) 
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