Ocwen Financial Reviews | Glassdoor

Ocwen Financial Reviews

Updated February 5, 2017
494 reviews

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Full-time Part-time

2.7
Star Star Star Star Star
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Ocwen Financial President, CEO, and Director, Ocwen Financial and Ocwen Federal Bank Ronald M. Faris
Ronald M. Faris
220 Ratings

494 Employee Reviews

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Pros
  • There is good pay for certain aspects of the company (in 31 reviews)

  • Challenging, but rewarding work environment (in 25 reviews)

Cons
  • Work - Life balance - Traffic - travelling to pritech park office will leave you drained (in 24 reviews)

  • No work life balance huge politics no farm work in company (in 9 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (4)

    "Excellent group of professionals in the IT Department"

    Star Star Star Star Star
    • Work/Life Balance
    Former Employee - Enterprise Monitoring Consultant in Lewisville, TX
    Former Employee - Enterprise Monitoring Consultant in Lewisville, TX
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Ocwen Financial (More than 3 years)

    Pros

    Very competent technical professionals and would work with any of them again.

    Cons

    Growing pains can be challenging

    Advice to Management

    Your technical groups are very good! Definitely streamline processes.


  2. "Ocwen Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in West Palm Beach, FL
    Current Employee - Account Executive in West Palm Beach, FL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Ocwen Financial full-time (More than 5 years)

    Pros

    Ocwen is a good place to learn multiple facets of mortgage servicing. They provide hands on experience, which challenges you to learn quickly. Moving around department is relatively easy if you want to shake things up. Personal time off structure is favorable as it gives you a lot of freedom when you can take it.

    Cons

    Ocwen is just learning to give their employee perks to keep them motivated, but the process has been slow. Facilities provide the basics, but nothing fancy or exciting. Although moving around within the company gives you salary jumps, career opportunities and better compensation are both scarce and not easy to come by, even if you merit it.

    Advice to Management

    Keep learning how to motivate your most valuable asset, your employees.


  3. "Records Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Ocwen Financial full-time

    Pros

    Good company to work for long time only if you are a Manager and above
    great work life balance

    Cons

    No much employee benefits
    Do not expect hike
    No use of good Technology


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


  5. "Restricted Bankruptcy Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Incentives were very good, and shifts available.

    Cons

    Management team was never on the same page


  6. Helpful (1)

    "manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager
    Current Employee - Manager
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Ocwen Financial full-time (More than 8 years)

    Pros

    there is a lot of work to be done.

    Cons

    pay is low, management is unreasonable


  7. Helpful (1)

    "Document Control Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Benefits are great. Paid time off stands at about 3 weeks per year which is really good to begin with.

    Cons

    There are no bonuses or incentives which makes your income the same all year round, every year. It does not make a difference the performance you achieve.


  8. Helpful (2)

    "Team Lead"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at Ocwen Financial full-time

    Pros

    Steady Work
    Great way to learn industry if willing
    Good Resume builder
    Ability to Succeed if you work hard
    Good Benefits

    Cons

    No Bonus
    Management disconnect in most departments
    hard to advance career


  9. "Cashiering Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Cash Operations Specialist in West Palm Beach, FL
    Former Employee - Senior Cash Operations Specialist in West Palm Beach, FL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Tuition reimbursement was a huge benefit. They also provided good health insurance when I was there. I don't know if that has changed. Safe working conditions with air conditioning.

    Cons

    No promotions or raises unless it was absolutely necessary on their part. I heard the term "trained monkey" thrown around too many times to think it was an isolated thought. People are commodities here. Don't expect respect and you won't be disappointed.

    Advice to Management

    Treat people with dignity. Reward high performers and coach the others. When people don't feel like they'll ever get anywhere you'll never see them do their best.


  10. "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Property Preservation Manager in McKinney, TX
    Former Employee - Property Preservation Manager in McKinney, TX
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Ocwen Financial (More than a year)

    Pros

    Company is really working hard on changing culture.

    Cons

    Lots of responsibilities, hard to advance.


  11. Helpful (1)

    "Overall"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in West Palm Beach, FL
    Current Employee - Analyst in West Palm Beach, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Ocwen is the good place to work, it also gives the learning prospect

    Cons

    There are no downside for ocwen financial solution ltd

    Advice to Management

    Management are good they are really helpfull



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