Ocwen Financial

www.ocwen.com
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Employee Reviews

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  1. 1 person found this helpful  

    High Stress. No company loyalty to employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Fort Washington, PA
    Current Employee - Anonymous Employee in Fort Washington, PA

    I have been working at Ocwen Financial full-time (more than a year)

    Pros

    Building is comfortable. Has cafeteria, walking trail and workout room.

    Cons

    Old technology requiring manual work. Benefits are poor. No salary increases. Training is inadequate. Very, very cost conscious to the point of being a detriment to the company. Everyone I know wants to find a job with another company and envy the workers who were recently laid off.

    Advice to ManagementAdvice

    Show respect to your employees. Spend money in order to keep good people.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Worst Company I Ever Worked For!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Fort Washington, PA
    Current Employee - Anonymous Employee in Fort Washington, PA

    I have been working at Ocwen Financial full-time (more than a year)

    Pros

    There is nothing positive about this company

    Cons

    Bottom line this company is horrible. Upper Management has no clue as to what they are doing and are running this company into the ground.. This place does not care one ounce about their employees. They offer no yearly pay increases, no opportunity for career advancement, and their benefits are the worst.

    Advice to ManagementAdvice

    Get a clue on how to run a major corporation and learn how to treat your employee's with the respect they deserver and you might have a chance to save this company.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    archaic

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

    I worked at Ocwen Financial

    Pros

    there are no pros to note

    Cons

    a sausage grinder for employees

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  5. 2 people found this helpful  

    Steer clear of this company

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

    I worked at Ocwen Financial full-time (less than a year)

    Pros

    They say they are growing

    Cons

    I worked here 2 weeks before I ran for the hills! Extremely negative environment. The position I was hired for was nothing like they described and I was highly over-qualified. I was supposed to get my final check on Monday and I am still waiting for them to issue it. Employees complained about being micro-managed and not getting paid for their bonuses and commissions. They are laying people off and hiring new people.

    Advice to ManagementAdvice

    Management needs to care more about employee satisfaction. This company seems like they work you to death and have no appreciation for your efforts.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Awful company to work for

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

    I worked at Ocwen Financial full-time (less than a year)

    Pros

    I can't think of any

    Cons

    I was hired as a manager. (That is what job title said.) My first day there they told me I was a supervisor and not a manager. I brushed it off at first but the first thing I noticed is there is 0 moral in this place. Upper management doesn't care about the employees. I asked someone about perks the company has and they laughed at me. I was there for about 8 months and never received anything...No free lunch, no Holiday bonus or party, etc. They had so many employee rules, it was worse than the Navy.
    People would get fired randomly then managers would have to find out what the person was working on since they were not notified until after they were fired. No one would ever say the reason for terminations but most were hard working and shocked us when some were let go. Twice my manager came up to me and said find out what he/she was working on because they got fired and he didn't know it was coming. It's no surprise less than 10% of the people there had been there over than a year.
    The CEO seems to get free lunches everyday brought in by an outside caterer but the employees get treated like crap
    One other note: The computer I was using was made in 2004 and the monitor was made in 2006. I found out they get shipments of used computer equipment and deploy them to the employees. It's really sad when you are typing an email, you have to wait for the computer to catch up because it was so slow, how do they expect employees to be productive? Computers are $400 new that would be 10 times as fast

    Advice to ManagementAdvice

    Treat employees like employees instead of Walmart workers

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful  

    Not Happy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer in Dallas, TX
    Current Employee - Loan Officer in Dallas, TX

    I have been working at Ocwen Financial full-time (less than a year)

    Pros

    They pay you on time...

    Cons

    Most of the processor are horrible. Takes too long to close refinances.

    Advice to ManagementAdvice

    Make processor financially accountable for funding loans just like processors.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Low stress high quality expectations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Home Retention Consultant in Houston, TX
    Current Employee - Home Retention Consultant in Houston, TX

    I have been working at Ocwen Financial full-time (more than a year)

    Pros

    Great bonuses structure most departments.

    Cons

    Unrealistic quality expectations. Poor entry level management

    Advice to ManagementAdvice

    Get team leads training

    Recommends
    Positive Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Poor communication and insists on outsourcing, but has potential down the road

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

    I have been working at Ocwen Financial

    Pros

    Hours, pay and benefits are decent. In terms of Loan Servicing, they appear to be a major player consuming portfolios across the country. This could potentially lead to multiple opportunities.

    Cons

    Continuous outsourcing and layoffs. Top leadership lacks the ability to communicate a clear plan and direction with staff Management. Communication between departments is compromised due to key departments being located in areas where English is not the primary language. Can't recommend to a friend until more opportunities are kept onshore

    Advice to ManagementAdvice

    Develop a direction and stick to it. Releasing key personnel to save a few bucks and hire 3 offshore people doesn't necessarily equate to better service or performance

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    I'll re-iterate "BIG DISAPPOINTMENT!"

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

    I worked at Ocwen Financial full-time

    Pros

    If you last, you'll receive some kind of pay.

    Cons

    Too long to list, although the top 2 are 2. Overall benefits and pay - below average. 1. Executive Management doesn't appear to care about the employees.

    Advice to ManagementAdvice

    It's obvious to that Executive Mgmt and the Board doesn't appear to care about their people, profit is the #1 goal at all cost and the turnover rate is high, even at the Director and VP levels, which is unusual in the financial industry. Remember, some companies grow because of great management, others companies grow despite of management.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Don't waste your time If you think to make a career in this organization

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

    I have been working at Ocwen Financial full-time (more than a year)

    Pros

    good pay , nice facilities very, good friends

    Cons

    not organized you need to find the information by yourself , a lot of system issues, customers disagree with the policy of the company

    Advice to ManagementAdvice

    Managers tried to do their best

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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