Ocwen Financial Reviews | Glassdoor

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

    • "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