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Ocwen Financial

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Ocwen Financial

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Ocwen Financial Reviews

Updated Mar 29, 2023

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Found 1,421 of over 1K reviews
3.6
72% Recommend to a Friend
87% Approve of CEO

Found 1,422 of over 1K reviews

3.6
72%
Recommend to a Friend
87%
Approve of CEO
Ocwen Financial President and Chief Executive Officer Glen Messina (no image)
Glen Messina
322 Ratings

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Finance

4m

a 

Commercial Customer Service Representative

What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not. I’ve inquired about pay but it’s gotten nowhere.

43

12 Comments

Top Review Highlights by Sentiment

Pros
  • "Good Pay and incentive paid based on performance(in 62 reviews)
  • "Good salary and bonus months(in 57 reviews)
  • "The work life balance is good(in 48 reviews)
  • "Some good people to work with.(in 39 reviews)
  • "Good Incentives.. thats it.. i dont think there s any thing else left.(in 35 reviews)
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of Ocwen Financial and is not affected by filters.

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  1. 5.0
    Current Employee, less than 1 year

    So far , So Good

    Nov 21, 2021 - Loss Draft Specialist 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Fully Remote, 55k base salary, easy work, no micromanaging. Perfect job, at the perfect time!

    Cons

    Non so far, I’ve only been here about a month though.

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  2. 3.0
    Current Employee

    Great Pay Stressful Environment

    Mar 27, 2023 - Specialized Home Retention in West Palm Beach, FL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    You can earn great income with the right position. There are also many people who have been there many years. Work environment depends highly upon who your manager is.

    Cons

    When your manager is abrasive there's nothing you can do about it and you might work under them for a long time. Hard to move up and harder to move from one depo to another than it is to get it.

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  4. 4.0
    Former Employee, more than 1 year

    Great WorkFlow

    Feb 28, 2023 - Document Controller in West Palm Beach, FL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Start time and end time for the department was consistent. Workflow was consistent and there was room and flexibility for staff to create and impliment new processes to fit the team. Small group, so team was very cohesive.

    Cons

    Consistent layoffs. No room for raise increases.

    Continue reading
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  5. 5.0
    Former Employee, more than 3 years

    It Was A Good Run

    Mar 6, 2023 - Home Specialist in Coppell, TX
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great pay, good work environment. Reason I 'left' was because I was laid off

    Cons

    Nothing that I could remember.

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  6. 3.0
    Current Employee

    a

    Mar 16, 2023 - Senior Manager in West Palm Beach, FL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    A Good place to work

    Cons

    There is not room for moving up.

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  7. 3.0
    Current Employee, more than 3 years

    Frustrating Sometimes

    Feb 1, 2023 - Customer Resolution Specialist in Saint Croix, VI
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The pay is pretty okay.

    Cons

    Managers don’t care about you. Schedules are set at the beginning of the month and then changed without prior notice, so you can end up being late on a day you thought you were supposed to be in at a different time.

    Continue reading
    1 person found this review helpful
  8. 4.0
    Former Employee

    Had a great learning experience

    Dec 30, 2022 - Business Analyst 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good Company to Start and great learning.

    Cons

    Still work with the old technologies

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  9. 1.0
    Former Employee, less than 1 year

    I don't recommend

    Dec 14, 2022 - Customer Services 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good pay and benefits easy job

    Cons

    Terrible environment, staff do not care for they staff and outside life if ur a single parent your not lasting long. The company don't care about the job you do or how much you help your clients. They only care about the amount of calls you take good or bad! It sucks if you have morals this job is not for you. If I can give zero I would. Don't even care what we care just as long as the get a star!

    Continue reading
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  10. 2.0
    Former Employee, more than 8 years

    different

    Nov 22, 2022 - QA Manager 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    working at ocwen is different in different departments. some depts are more employee friendly than others. if you got into a not so friendly dept, too bad

    Cons

    yearly raises are little, promotions are rare. annual incentive program is not little, your dept head can and likely would calibrate it

    Continue reading
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  11. 3.0
    Former Employee

    Mortgage🙄

    Nov 5, 2022 - Anonymous 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Loved my team! Best group to work with. My report to was the best and I learned a lot from the opportunities given to me.

    Cons

    Layoffs! Layoffs! Layoffs! How people are chosen to be laid off makes no sense. Round after round, it’s very sad. So many people worked hard during the craze and now just tossed aside.

    Continue reading
    1 person found this review helpful
Viewing 1 - 10 of 1,422 Reviews
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Ocwen Financial Reviews FAQs

Ocwen Financial has an overall rating of 3.6 out of 5, based on over 1,448 reviews left anonymously by employees. 72% of employees would recommend working at Ocwen Financial to a friend and 62% have a positive outlook for the business. This rating has decreased by -1% over the last 12 months.

According to anonymously submitted Glassdoor reviews, Ocwen Financial employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at Ocwen Financial. This rating has improved by 4% over the last 12 months.

72% of Ocwen Financial employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Ocwen Financial 3.6 out of 5 for work life balance, 3.7 for culture and values and 3.3 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Ocwen Financial to be benefits, coworkers, compensation and the cons to be culture, career development, management.

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