Ocwen Financial Corporation - Company Capsule by ICDResearch

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									Ocwen Financial Corporation

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Ocwen Financial Corporation - Company
Capsule
Reference Code: FS0437CC
Published Date: April 2011




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Ocwen Financial Corporation - Company Capsule                                       Page 1
Ocwen Financial Corporation

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Ocwen Financial Corporation - Company Overview

Ocwen Financial Corporation (Ocwen) is a mortgage services company engaged in providing business process
outsourcing services to the various sectors such as mortgage, finance, insurance and other sectors. The company offers
loan servicing, mortgage fulfillment and receivables management services. The company operates its business activities
in the US, Canada, Germany and India. Ocwen has two lines of business namely, Ocwen Asset Management (OAM) and
Ocwen Solutions (OS). OAM includes equity investments in asset management vehicles and the remaining investments in
the sub-prime loans and residual securities. OS includes unsecured collection business and the residential-fee based loan
processing businesses. The company is headquartered in West Palm Beach City, Florida State, US.


Financial Performance

The company reported revenue of US$372.55 millions during the year 2009.The company's revenue declined at a
compounded rate of -10.68% during the period 2007-2009 with a year on year decline of -22.59% over fiscal year 2008.
During the fiscal year 2009, its operating margin was 38.93% as against the operating margin of 35.06% in the fiscal year
2008. During the fiscal year 2009 the company’s net profit margin was 0.08% as against the net profit margin of2.75% in
the fiscal year 2008.

Ocwen Financial Corporation - Key Facts

Ocwen Financial Corporation, Key Facts

                                  1661 Worthington Road, West

Corporate Address:                Palm Beach, Florida (FL), 33409, Ticker Symbol, Stock        OCN (New York Stock
                                                                    Exchange                   Exchange)
                                  United States


Telephone                          + 1 561 6828000                  No. of Employees           1,894



Fax                                + 1 561 6818177                  Financial Year End         December



URL                               www.ocwen.com                     Revenue (in USD Million)   380.73



Industry                          Financial Services



Locations                         United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Ocwen Financial Corporation - Major Products and Services

Ocwen Financial Corporation (OCN) is a US based company engaged in providing of servicing and origination processing
solutions to the loan industry. The company’s key products and services include the following:

Ocwen Financial Corporation, Major Products and Services
Loans and Residuals

Technology Products

Asset Management Services

Business Process Solutions

Mortgage Services

Financing Services

Asset Management Vehicles (AMV)

Technology- Based Case Management Solutions

REALTrans

REALServicing

REALSynergy

REALResolution

REALRemit
Source: Annual Report, Company Website, Primary and Secondary Research




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Ocwen Financial Corporation

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Ocwen Financial Corporation - Key Competitors

The following companies are the major competitors of Ocwen Financial Corporation:

America First Tax Exempt Investors, L.P.

American Home Mortgage Investment Corporation

Municipal Mortgage & Equity, LLC

Freddie Mac

Quest Capital Corp.




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Ocwen Financial Corporation - Key Employees


Ocwen Financial Corporation, Key Employees


          Name                             Job Title                       Board Level     Since   Age


Barry N. Wish              Director                                  Non Executive Board   1996    68


David B. Reiner            Director                                  Non Executive Board           54


                           Chief Financial Officer, Executive Vice
John Van Vlack                                                       Senior Management     2010    46
                           President, Chief Accounting Officer

                           Executive Vice President, Secretary -
Paul A. Koches                                                       Senior Management     2009    56
                           General Counsel


Ronald J. Korn             Director                                  Non Executive Board   2003    70


                           Director, President, Chief Executive
Ronald M. Faris                                                      Executive Board       2010    47
                           Officer

                           Director, President, Chief Executive
Ronald M. Faris                                                      Senior Management     2010    47
                           Officer


William C. Erbey           Chairman                                  Executive Board       2010    60


William H. Lacy            Director                                  Non Executive Board   2002    65

Source: Annual Report, Company Website, Primary and Secondary Research




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Ocwen Financial Corporation - Locations and Subsidiaries

Head Office

Ocwen Financial Corporation
1661 Worthington Road
West Palm Beach
Florida (FL)
Zip: 33409
United States
Tel: + 1 561 6828000
Fax: + 1 561 6818177



Other Locations & Subsidiaries

Ocwen Financial Corporation, Subsidiaries

Ocwen Asia Holdings I, Ltd.                                         Ocwen Asset Investment Corp
Mauritius                                                           United States




Ocwen Capital Management, LLC                                       Ocwen Financial Solutions Pvt. Ltd
United States                                                       India




                                                                    Ocwen Loan Servicing, LLC
Ocwen Liquidating Trust, LLC
                                                                    Delaware (DE)
United States
                                                                    United States




Ocwen Luxembourg, S.a r.l. II                                       Ocwen Mortgage Asset Investment Company, LLC
Luxembourg                                                          United States




Ocwen Mortgage Asset Trust I                                        Ocwen Mortgage Company, LLC
United States                                                       United States




Ocwen Servicer Advance Receivables Funding Company Ltd.             Ocwen Servicer Advance Variable Funding Issuer
United States                                                       United States




OMAT1 REO Holdings, LLC                                             RMSI, Inc.
Delaware (DE)                                                       New Jersey (NJ)
Unite
								
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