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Ocwen Financial Reviews
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    Found 789 reviews

    3.2
    StarStarStarStarStar
    Rating TrendsRating Trends
    53%
    Recommend to a Friend
    79%
    Approve of CEO
    Glen Messina
    18 Ratings
    Pros
    Cons
    More Pros and Cons
    1. Featured Review

      "Experience"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - CMC in West Palm Beach, FL
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at Ocwen Financial full-time for more than 4 years

      Pros

      Decent Salary, Parking and great office vibe

      Cons

      Little to no raises. Travel distance

    2. Helpful (1)

      "Great Employer focused on helping customers"

      StarStarStarStarStar
        Current Employee - Anonymous Employee 
        Recommends
        Positive Outlook
        Approves of CEO

        I have been working at Ocwen Financial full-time

        Pros

        employee friendly policies; senior leadership direction

        Cons

        financial strength is improving but taking time

        • Join the Ocwen Financial team
        See Our Latest Jobs

      • "Honest Review"

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Analyst in Addison, TX
        Doesn't Recommend
        Negative Outlook
        No opinion of CEO

        I have been working at Ocwen Financial full-time for more than 9 years

        Pros

        -You will learn about all of the ins and outs of the mortgage industry.

        Cons

        -Since Ocwen took over GMAC, it has been riding a sinking ship. -Company loses money every quarter. -No room for growth, employees take lateral positions due to no advancement opportunities. -They outsource many jobs and do layoffs every quarter, they just shut down several sites. -No raises in pay for several years, even after stellar yearly reviews.

        Advice to Management

        -Don't just get rid of everyone, do a thorough check of your valuable employees, and get this to stay, offer advancement or raises. -Laying off in bulk is not going to solve your problems long term

      • "It’s Okay"

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Anonymous Employee 
        Doesn't Recommend
        Neutral Outlook
        Disapproves of CEO

        I worked at Ocwen Financial full-time for more than 4 years

        Pros

        Flexible work schedule but paid time off and payroll doesn’t coincide.

        Cons

        Too much downtime for the employees and management.

      • Helpful (2)

        "Not Good Times"

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Vice President Servicing in West Palm Beach, FL
        Doesn't Recommend
        Negative Outlook
        No opinion of CEO

        I have been working at Ocwen Financial full-time for more than 6 years

        Pros

        Training is solid, overall very good

        Cons

        Executive management has never measured up

        Advice to Management

        Its a shame you didn't replace those that got you into this mess to start with

      • "No room for growth"

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Liquidations Negotiator in Addison, TX
        Doesn't Recommend
        Negative Outlook
        Disapproves of CEO

        I have been working at Ocwen Financial full-time for more than 9 years

        Pros

        Everyone is nice to work with.

        Cons

        Management makes decisions that lack common sense, the majority of the company is managed offshore by people who don't fully understand US law and mortgages

      • "Used to be great"

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Analyst in Orlando, FL
        Doesn't Recommend
        Negative Outlook
        No opinion of CEO

        I worked at Ocwen Financial full-time for more than 20 years

        Pros

        Right now, none. CEO doesn't care about anyone except his previous PHH employees who know nothing about what we do.

        Cons

        The new CEO couldn't care less about his tenured employees. Layoffs are big and happening fast. No one is safe.

        Advice to Management

        Take care of your loyal, tenured mployees. We really cared about this company.

      • "Good company to work for"

        StarStarStarStarStar
          Former Employee - Anonymous Employee 

          I worked at Ocwen Financial full-time

          Pros

          Great work culture and friendly environment,

          Cons

          None that comes to my mind

        • "Good pay"

          StarStarStarStarStar
          • Overall
          • Culture & Values
          • Career Opportunities
          • Compensation and Benefits
          • Senior Management
          Former Employee - Customer Care Manager Supervisor in Houston, TX
          Recommends
          Disapproves of CEO

          I worked at Ocwen Financial full-time for more than 2 years

          Pros

          Good pay, excellent bonus incentive

          Cons

          Chaotic when dealing with staff overseas

        • "Analyst"

          StarStarStarStarStar
            Former Employee - Anonymous Employee 

            I worked at Ocwen Financial full-time

            Pros

            Great pay and bonuses

            Cons

            Horrible management and outdated systems

          Found 789 reviews