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Get to know Ocwen Financial Corporation - US

Founded in 1988, Ocwen Financial Corporation grew to become one of the largest non-bank mortgage servicers in the United States. The company's primary business involves managing and collecting payments on residential mortgage loans on behalf of loan owners. In 2018, Ocwen acquired PHH Corporation, another major mortgage servicer, and subsequently consolidated its servicing operations under the PHH Mortgage brand. The company's mission has been to help homeowners and loan investors by providing a range of servicing and lending solutions. Following its acquisition by Oaktree Capital Management, Ocwen Financial Corporation was officially rebranded to Onity Group Inc. (NYSE: ONIT) in June 2024, continuing its focus on mortgage servicing and origination.

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Ocwen Financial Corporation - US

United States

Founded in

1988 (38 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.