Ocwen Financial Reviews

Updated July 1, 2015
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Ocwen Financial President, CEO, and Director, Ocwen Financial and Ocwen Federal Bank Ronald M. Faris
Ronald M. Faris
102 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

256 Employee Reviews

Sort: Popular Rating Date
  1. 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


  2. 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.


  3. 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.


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


  5. 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.


  6. 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.


  7. 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


  8. customer care

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Care Coordinator in Richmond, TX
    Current Employee - Customer Care Coordinator in Richmond, TX

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

    Pros

    Ocwen offers good monthly bonus

    Cons

    Houston location closing, open on sunday


  9. Loss mitigation analyst

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

    I have been working at Ocwen Financial full-time

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

    Pros

    Very flexible management. No micro managing

    Cons

    Horrible HR department. Unprofessional and non-responsive. A lot of favoritism towards applicants. Elitist attitude with no basis for it as most are not very intelligent

    Advice to Management

    Listen to what your key people tell you. Reprimand slackers and if behavior died r change, terminate them.


  10. Specialist, Bankruptcy

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in Waterloo, IA
    Current Employee - Specialist in Waterloo, IA

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

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

    Pros

    co-workers, above average pay, benefits

    Cons

    outsourcing of jobs, outdated database


  11. Stay Away

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Engineer III
    Former Employee - Systems Engineer III

    I worked at Ocwen Financial (More than a year)

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

    Pros

    Pay and bonuses were better than expected.

    Cons

    Lack of process controls, management does not understand the nuts and bolts in making projects work, unusual financial controls that ruin any chance on being able to get approvals for POs. A project in the U.S. has to be reviewed by teams in India, financing is poorly handled in Uruguay. at the end of the day, projects get delayed and costs go up because of indecision and lack of knowledge.

    Advice to Management

    Last I heard, company is in dire straights. If they ever get straightened around, look at the issues above and address those issues can be resolved so the individual performers can commit to finishing a project ontime and on budget.



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