Ocwen Financial Reviews

Updated July 21, 2015
264 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset
2.5
Rating Trends
Recommend to a friend
Approve of CEO
Ocwen Financial President, CEO, and Director, Ocwen Financial and Ocwen Federal Bank Ronald M. Faris
Ronald M. Faris
108 Ratings

Pros
  • Growth of business, good salary (in 8 reviews)

  • Good Pay, Great PTO allowance, decent hours (in 6 reviews)

Cons
  • Political hierarchy with lots of impediments to productivity; horrible work-life balance (in 7 reviews)

  • Narrow minded senior management (in 9 reviews)

More Pros and Cons

264 Employee Reviews

Sort: Popular Rating Date
  1. Senior Document Control Specialist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Document Control Specialist in West Palm Beach, FL
    Current Employee - Senior Document Control Specialist in West Palm Beach, FL

    I have been working at Ocwen Financial full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Pay rate is good. Lots of overtime hours can be worked. Good benefits.

    Cons

    Lack of leadership at the lower level. Employees aren't held accountable. Good employees are tasked to pick up the slack of the not so great employees.

    Advice to Management

    Be better leaders.


  2. Micromanaged

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ocwen Financial full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Easy work, plenty of overtime available

    Cons

    Repetitive, micromanagement, mini concentration camp

    Advice to Management

    Let the employees work, and praise hard working employees


  3. Assett Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Asset Manager in Lawrenceville, GA
    Former Employee - Asset Manager in Lawrenceville, GA

    I worked at Ocwen Financial (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good salary and bonus months

    Cons

    Management and company did not appreciate, and very scripted

    Advice to Management

    Treat employees better


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Opportunity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ocwen Financial full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    There is room for professional growth.

    Cons

    Constant change that has no direction. I don't mind change, but change without direction is frustrating.

    Advice to Management

    Addressing employee concerns in a timely manner would minimize employee discouragement or feeling that our input does not matter.


  6. FHA Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fha Analyst in Coppell, TX
    Current Employee - Fha Analyst in Coppell, TX

    I have been working at Ocwen Financial full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Coming into the position here at Ocwen was wonderful. At my previous position at another institution I had been extremely micromanaged. Here I am trusted and given work that I am capable of completing on my own.

    Cons

    IT is offshore so slow at getting bugs fixed. No other cons this job is an awesome opportunity.

    Advice to Management

    n/a


  7. There is better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in West Palm Beach, FL
    Former Employee - Anonymous Employee in West Palm Beach, FL

    I worked at Ocwen Financial full-time (More than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    The pay and benefits are great. They have several locations so there is opportunity to move within the company.

    Cons

    The integrity in the company is very poor. The management is worried about getting a high number of production done rather than doing the work right the first time. Also, the moral is low because of the consistent change.

    Advice to Management

    Focus on doing the work right the first time.


  8. Ocwen Financial Corporation

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ocwen Financial full-time

    Pros

    There are pros for working at Ocwen, like a paycheck.

    Cons

    There are cons for working at Ocwen.

    Advice to Management

    Management runs the show.


  9. Helpful (1)

    All Work, No Play

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ocwen Financial full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    They compensate management very well and offer excellent relocation packages. Management I report to are easy to deal with and supportive of professional development.

    Cons

    The West Palm Beach office differs in many ways from the other locations. Parking is awful (as in not enough), inadequate breakroom space, no cafeteria, not enough conference rooms, fragrance free facility, no causal Fridays, no onsite gym, and longer hours. All of the listed are different in TX, PA, and IA.

    Advice to Management

    Find new office space that would level the playing field for West Palm Beach employees. Parking is such a challenge but should be the one guaranteed thing at any workplace. Providing free coffee is nice but it's awful. General employee appreciation more often would help morale.


  10. Investor RelationsAnalyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - GSE Investor Relations Analyst in Dallas, TX
    Former Employee - GSE Investor Relations Analyst in Dallas, TX

    I worked at Ocwen Financial (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good benefits and good hours

    Cons

    Unstable company and poor leadership


  11. Helpful (1)

    Culture shift needed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Coppell, TX
    Former Employee - Anonymous Employee in Coppell, TX

    I worked at Ocwen Financial

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Compensation is competitive. Improvements are being made to technology and will be beneficial if implemented properly. Location may be a pro for some.

    Cons

    Employees are burned out after years of poorly implemented processes, lack of comminication, poor strategic planning, and constant fire drills. Management is hired from outside the company with little experience to have the ability to perform job responsibilities. Company culture is to lead with fear and mentality to cover yourself. Growth and succession planning is non existent.



Showing 264 of 267 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.