Ocwen Financial Reviews | Glassdoor

Ocwen Financial Reviews

Updated June 21, 2018
696 reviews

Filter

Filter

Full-timePart-time

3.1
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Ocwen Financial President, CEO, and Director, Ocwen Financial and Ocwen Federal Bank Ronald M. Faris
Ronald M. Faris
350 Ratings

696 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • "Work - Life balance - Traffic - travelling to pritech park office will leave you drained" (in 27 reviews)

  • "No work life balance huge politics no farm work in company" (in 11 reviews)

More Pros and Cons

  1. Featured Review

    "Friendly environment and good people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Ocwen Financial full-time

    Pros

    HR really works with you
    Management is open to critiques and encourages suggestions
    Lots of networking events for women
    Family like work environment
    Open door policy
    Good benefits
    Exit process easy and explained well

    Cons

    Business practices aren't the best
    In a lot of hot water so your job isn't guaranteed
    CEO is very straight to the point
    A lot of job sectors being liquidated

    Advice to Management

    Keep listening to your people and make sure you operate within compliance better so you don't have to let good people go

    Ocwen Financial Response

    Apr 16, 2018 – Human Resources

    We’re happy to hear that our company culture was to your satisfaction while you worked with Ocwen. The nature of our industry is temperamental so we do have to restructure in certain events, but we... More


  2. "Great Employer focused on helping customers"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    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

  3. "Anonymous"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Ocwen Financial full-time

    Pros

    Amazing company, always trying to do what’s right by their borrowers. They listen when there’s an issue.

    Cons

    No job security. They’re constantly laying off the best employees by department, not by capability.

    Advice to Management

    Cut your deadweight, not by location.


  4. "Process Associate"

    StarStarStarStarStar
    • 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
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Good Learning Experience for the freshers

    Cons

    Less Growth and not satisfied with salary.

    Advice to Management

    Growth and satisfied salary.


  5. "Ocwen (Premier Park) West Palm Beach Fl"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in West Palm Beach, FL
    Current Employee - Anonymous Employee in West Palm Beach, FL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Work/home balance
    Central location
    Compensation and benefits are aligned with other servicers

    Cons

    1. If supervisor is deficient in reporting, she/he becomes dependent on team leads. Team leads are elevated to god status and are permitted and protected as the team is unfairly mistreated.

    2. Team leads will target and negatively alter production numbers, if you mention areas of risk, concern or improvement to supervisor or above.

    3. Poor behavior and having influential friends are key to promotion and remaining employed.

    4. Husband and wife teams seem to get promotions and favorable treatment regardless of knowledge or seniority.

    Advice to Management

    Hire/promote qualified management team, instead of those suggested by friends with little to no prior Financial Services management experience. Perhaps, the underdogs may have pertinent and useful information that is being hidden and unaddressed that could improve company performance (increase revenue).


  6. "Relationship manager"

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

    I worked at Ocwen Financial full-time

    Pros

    pay was the only good thing

    Cons

    continue downsizing, no integrity, no room for growth, upper management doesn't listen to their employees


  7. "Senior Quality Assurance Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Addison, TX
    Former Employee - Anonymous Employee in Addison, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Ocwen Financial full-time (More than 5 years)

    Pros

    The company had a great atmosphere and I really liked the people I worked with.

    Cons

    The location was moved more than 50 miles from my home. Also the upper management was not good. Layoffs were frequent.

    Advice to Management

    Don't cut corners and update systems.

  8. Helpful (1)

    "Run Run Away"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Document Control Specialist in Palm Beach, FL
    Former Employee - Document Control Specialist in Palm Beach, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    It pays decent (now they have lowered pay)and work itself is NOT difficult at all

    Cons

    If you don't like butt kissing don' bother with this company. They do not care how hard you work or how good of a worker you are, if they don't like you they will go above and beyond to get rid of you. These are the most two faced managers I have ever worked with. They will literally tell you how great you are doing meanwhile plotting to get rid of you. BEWARE.

    Advice to Management

    GROW UP. Stop acting like high school girls and learn to appreciate all your employees even the ones that dont kiss your butt


  9. "NA"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good work and personal life balance

    Cons

    no cons as I remember

    Advice to Management

    NA


  10. "Lack of Leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Ocwen Financial full-time (More than 5 years)

    Pros

    industry standard compensation and beneifts

    Cons

    severe lack of leadership that knows the lending business. Their tax arbitrage "strategy" results in hiring staff with a significant lack of industry experience.


Showing 696 of 703 reviews
Reset Filters