Ocwen Financial Reviews | Glassdoor

Ocwen Financial Reviews

Updated November 15, 2017
613 reviews

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613 Employee Reviews

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Pros
  • Ocwen has good pay structure and the annual hikes are above market range (in 40 reviews)

  • The work environment is awesome facilities provided to the employees his at his best (in 29 reviews)

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. "Relationship Manager"

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

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

    Pros

    Pay and Helping Homeowners save homes.

    Cons

    Job outsourced to India when needed in the US for Spanish customers.

    Advice to Management

    Good

    Ocwen Financial Response

    May 10, 2017 – Content Marketing Manager

    We appreciate you and the time you worked at Ocwen.


  2. "RUN AWAY"

    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
    Disapproves of CEO

    I have been working at Ocwen Financial full-time (More than 3 years)

    Pros

    They pay well, but they have to or they would have no employees.

    Cons

    No annual increases, understaffing, high turnover, serious job stress

    Advice to Management

    None in this forum. I have provided feedback though proper channels. If they won't listen to me as an employee, why should they pay attention to a comment on Glassdoor?

    Ocwen Financial Response

    Jun 30, 2017 – Content Marketing Manager

    Very glad to hear you provided feedback through the proper channels. You will be listened to. We appreciate your three years of service at Ocwen and promise to work on making things better for... More

  3. Helpful (2)

    "Dysfunctional Company, extremely poor Management"

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

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

    Pros

    I can't think of any. I would not even recommend to an enemy. Completely dysfunctional company. Avoid at all costs.

    Cons

    All that I will state is read all available SEC Filings. Job security, lack of technology, NO WORK LIFE BALANCE

    Advice to Management

    Good Luck

    Ocwen Financial Response

    Jun 12, 2017 – Content Marketing Manager

    I am truly sorry to hear about your dissatisfaction after working at Ocwen for three years. Ocwen has made a lot of positive changes in leadership, technology and company culture. Helping Homeowners... More


  4. Helpful (9)

    "Sexually Harrassed"

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

    I worked at Ocwen Financial full-time

    Pros

    None, they changed the pay structure for loan officers and didn't tell anyone at all. Manager acts like his stuff doesn't stink and he advises he will fire anyone, if they don't listen to them.

    Cons

    Manager in Addison and the trainer sexually harassed me. Told me that I needed to follow him around like a puppy. And he grabbed my waist in front of a camera and swiped my badge for me, when it was hanging on my waist. The trainer advised that Ocwen was a terrible place and the look at the reviews at this place. Even he thought it was a horrible place. I told my manager not to speak to me like that. He asked if I was married and if I would like to go to Happy Hour. That's so inappropriate. He said I will fire anyone, I don't care who you are. And he said you are nothing to me, and have no name to me.

    Advice to Management

    Train management on sexual harassment. Don't threaten your employees. I told HR all about this, and she said so what do you want? She acted as if she didn't care. Horrible company, I hope they know Hell is hot. And that's where they are going, if they keep it up.

    Ocwen Financial Response

    May 23, 2017 – Content Marketing Manager

    We take our policy against harassment very seriously and are dedicated to providing a workplace free of harassment and discrimination where every employee is treated fairly and feels valued. We... More


  5. Helpful (1)

    "Typical Greedy Company"

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

    I have been working at Ocwen Financial (Less than a year)

    Pros

    Boring, mindless work for decent pay

    Cons

    Greedy corporation - horrible management - horrible office location by a city dump (warehouse made into own cubicle offices)

    Advice to Management

    There are no words that would help

    Ocwen Financial Response

    May 10, 2017 – Content Marketing Manager

    At Ocwen, one of our Company Values is to develop, grow and support our employees so we are sorry to hear about your frustration with our management and leadership teams. We understand the importance... More


  6. "OK company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Ocwen Financial full-time

    Pros

    Very flexible position for someone with children.
    Good co-workers

    Cons

    Management really doesn't listen or know how to manage. The leadership structure makes no sense to me. They put a bandage on issues and rarely really root cause them

    Ocwen Financial Response

    May 10, 2017 – Content Marketing Manager

    Thank you for taking the time to leave your feedback. We are sorry to hear about your disappointment with the management here at Ocwen. While we will be taking your feedback into consideration as we... More


  7. Helpful (2)

    "Project Manager"

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

    Pros

    Benefits, location, cafeteria, colleagues, commute

    Cons

    Company was acquired and they sold us off for parts

    Advice to Management

    Grow a spine & speak up for your employees

  8. Helpful (1)

    "Hamster Wheel of Bad Mistakes"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Absolutely no pros exist at Ocwen.

    Cons

    This is a prime example of a company that never learns from past mistakes.


  9. "reporting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investor Reporting Analyst in West Palm Beach, FL
    Current Employee - Investor Reporting Analyst in West Palm Beach, FL

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

    Pros

    its good to work in this company

    Cons

    work and life management is little difficulty


  10. "Home Retention Specialist"

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

    Pros

    The possibility of bonus on a monthly basis. Full health benefits, the job isn't hard at all, it's repetitive actually. You have your own pipeline so you get to deal with basically the same folks over and over.

    Cons

    The company is literally just getting their stuff in order so the systems go down alot, we are still incurring fines because of the crappy system. QA does what they want by grading your call based off of their judgement and never consistent.

    Advice to Management

    Need more management training
    QA need to be on the same page
    Systems need to be updated
    A better initial training is needed


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