OCN - Ocwen Financial Corporation

NYSE - NYSE Delayed Price. Currency in USD

Ocwen Financial Corporation

1661 Worthington Road
Suite 100
West Palm Beach, FL 33409
United States
561-682-8000
http://www.ocwen.com

SectorFinancial
IndustryMortgage Investment
Full Time Employees8,300

Key Executives

NameTitlePayExercisedAge
Mr. Ronald M. FarisChief Exec. Officer, Pres and Director2.23MN/A54
Mr. Michael R. Bourque Jr.Chief Financial Officer and Exec. VP1.15MN/A39
Mr. Scott William AndersonChief Servicing Officer and Exec. VP1.09MN/A48
Mr. Arthur C. Walker Jr.Sr. VP of Global Tax1.14MN/A46
Mr. Otto J. KumbarPres of Ocwen Mortgage Services1.11MN/A52
Amounts are as of December 31, 2016 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. Currency in USD.

Description

Ocwen Financial Corporation, a financial services holding company, engages in the servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio includes conventional, government insured, and non-agency loans. The company’s Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans primarily through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. The company also provides short-term inventory-secured loans to independent used car dealers to finance their inventory. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

Corporate Governance

Ocwen Financial Corporation’s ISS Governance QualityScore as of December 1, 2017 is 5. The pillar scores are Audit: 10; Board: 1; Shareholder Rights: 1; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.