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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net income (loss) $ (469,555)us-gaap_ProfitLoss $ 310,418us-gaap_ProfitLoss $ 180,923us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Goodwill impairment loss 420,201us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Amortization of mortgage servicing rights 250,375us-gaap_AmortizationOfMortgageServicingRightsMSRs 282,781us-gaap_AmortizationOfMortgageServicingRightsMSRs 72,897us-gaap_AmortizationOfMortgageServicingRightsMSRs
Amortization of debt issuance costs – senior secured term loan 5,139us-gaap_AmortizationOfFinancingCosts 4,395us-gaap_AmortizationOfFinancingCosts 3,718us-gaap_AmortizationOfFinancingCosts
Depreciation 21,910us-gaap_DepreciationDepletionAndAmortization 24,245us-gaap_DepreciationDepletionAndAmortization 5,720us-gaap_DepreciationDepletionAndAmortization
Provision for bad debts 84,751us-gaap_ProvisionForDoubtfulAccounts 34,816us-gaap_ProvisionForDoubtfulAccounts 5,030us-gaap_ProvisionForDoubtfulAccounts
Gain on loans held for sale, net (134,297)us-gaap_GainLossOnSalesOfLoansNet (121,694)us-gaap_GainLossOnSalesOfLoansNet (215)us-gaap_GainLossOnSalesOfLoansNet
Loss on deconsolidation of variable interest entities 0us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities 0us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities 3,167us-gaap_InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
Realized and unrealized losses on derivative financial instruments 2,643us-gaap_GainLossOnDerivativeInstrumentsNetPretax 14,336us-gaap_GainLossOnDerivativeInstrumentsNetPretax 4,294us-gaap_GainLossOnDerivativeInstrumentsNetPretax
(Gain) loss on extinguishment of debt (2,609)us-gaap_GainsLossesOnExtinguishmentOfDebt 8,681us-gaap_GainsLossesOnExtinguishmentOfDebt 2,167us-gaap_GainsLossesOnExtinguishmentOfDebt
Loss (gain) on valuation of mortgage servicing rights, at fair value 22,068us-gaap_MortgageServicingRightsMSRImpairmentRecovery (30,816)us-gaap_MortgageServicingRightsMSRImpairmentRecovery (30)us-gaap_MortgageServicingRightsMSRImpairmentRecovery
Decrease (increase) in deferred tax assets, net 37,842us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (21,125)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 62,393us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Equity-based compensation expense 10,729us-gaap_ShareBasedCompensation 5,648us-gaap_ShareBasedCompensation 2,934us-gaap_ShareBasedCompensation
Origination and purchase of loans held for sale (7,430,340)us-gaap_PaymentsToPurchaseLoansHeldForSale (9,678,038)us-gaap_PaymentsToPurchaseLoansHeldForSale (172,262)us-gaap_PaymentsToPurchaseLoansHeldForSale
Proceeds from sale and collections of loans held for sale 7,345,730us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 9,468,627us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 243,434us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale
Changes in assets and liabilities:      
Decrease in advances and match funded advances 291,989ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances 295,108ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances 1,443,643ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances
(Increase) decrease in receivables and other assets, net (37,394)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets 224,543us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets (53,870)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
(Decrease) increase in other liabilities (94,508)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 70,336us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (2,593)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Other, net 27,850us-gaap_OtherOperatingActivitiesCashFlowStatement (7,842)us-gaap_OtherOperatingActivitiesCashFlowStatement 14,504us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided by operating activities 352,524us-gaap_NetCashProvidedByUsedInOperatingActivities 884,419us-gaap_NetCashProvidedByUsedInOperatingActivities 1,815,854us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Distributions of capital from unconsolidated entities 6,572us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 1,300us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 3,226us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
Purchase of mortgage servicing rights, net (22,488)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR (987,663)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR (180,039)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR
Acquisition of advances in connection with the purchase of mortgage servicing rights (85,521)ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights (2,588,739)ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights (1,920,437)ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights
Acquisition of advances in connection with the purchase of loans (60,482)ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans 0ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans 0ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans
Proceeds from sale of advances and match funded advances 1,054us-gaap_ProceedsFromSaleOfShortTermInvestments 3,842,537us-gaap_ProceedsFromSaleOfShortTermInvestments 2,824,645us-gaap_ProceedsFromSaleOfShortTermInvestments
Net proceeds from sale of diversified fee-based businesses to Altisource Portfolio Solutions, SA 0us-gaap_ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates 210,793us-gaap_ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates 0us-gaap_ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
Proceeds from sale of mortgage servicing rights 287us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 34,754us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 0us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR
Proceeds from sale of advance financing subsidiary and special purpose entity 0us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries 0us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries 76,334us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
Proceeds from sale of beneficial interest in consolidated variable interest entities 0us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit 0us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit 3,020us-gaap_ProceedsFromSaleOfInterestInPartnershipUnit
Origination of loans held for investment - reverse mortgages (816,881)us-gaap_PaymentsToAcquireLoansHeldForInvestment (609,555)us-gaap_PaymentsToAcquireLoansHeldForInvestment 0us-gaap_PaymentsToAcquireLoansHeldForInvestment
Principal payments received on loans held for investment - reverse mortgages 86,234us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 5,886us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 0us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Additions to premises and equipment (11,430)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (28,915)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (19,217)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Other 6,461us-gaap_PaymentsForProceedsFromOtherInvestingActivities (1,207)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (449)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash (used in) provided by investing activities (958,247)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,414,978)us-gaap_NetCashProvidedByUsedInInvestingActivities 262,870us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Repayment of match funded liabilities (274,567)ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities (167,931)ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities (1,665,330)ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities
Proceeds from other secured borrowings 5,677,291us-gaap_ProceedsFromLinesOfCredit 9,633,914us-gaap_ProceedsFromLinesOfCredit 204,784us-gaap_ProceedsFromLinesOfCredit
Repayments of other secured borrowings (5,809,239)us-gaap_RepaymentsOfLinesOfCredit (8,804,558)us-gaap_RepaymentsOfLinesOfCredit (822,137)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from issuance of senior unsecured notes 350,000us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt 0us-gaap_ProceedsFromIssuanceOfUnsecuredDebt
Payment of debt issuance costs (6,835)us-gaap_PaymentsOfDebtIssuanceCosts (25,758)us-gaap_PaymentsOfDebtIssuanceCosts (1,052)us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from sale of mortgage servicing rights accounted for as a financing 123,551ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing 447,755ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing 320,381ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing
Proceeds from sale of loans accounted for as a financing 783,009ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing 604,991ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing 0ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing
Proceeds from sale of advances accounted for as a financing 88,981ocn_ProceedsFromSaleofAdvances 0ocn_ProceedsFromSaleofAdvances 0ocn_ProceedsFromSaleofAdvances
Repurchase of common stock (382,487)us-gaap_PaymentsForRepurchaseOfCommonStock (217,903)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Redemption of 10.875% Capital Securities 0us-gaap_RepaymentsOfMandatoryRedeemableCapitalSecurities 0us-gaap_RepaymentsOfMandatoryRedeemableCapitalSecurities (26,829)us-gaap_RepaymentsOfMandatoryRedeemableCapitalSecurities
Payment of preferred stock dividends (1,163)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (5,115)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock 0us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Proceeds from exercise of common stock options 1,840us-gaap_ProceedsFromStockOptionsExercised 2,302us-gaap_ProceedsFromStockOptionsExercised 6,005us-gaap_ProceedsFromStockOptionsExercised
Other 6,303us-gaap_RepaymentsOfOtherDebt 21,244us-gaap_RepaymentsOfOtherDebt (18,650)us-gaap_RepaymentsOfOtherDebt
Net cash provided by (used in) financing activities 556,684us-gaap_NetCashProvidedByUsedInFinancingActivities 1,488,941us-gaap_NetCashProvidedByUsedInFinancingActivities (2,002,828)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash (49,039)us-gaap_CashPeriodIncreaseDecrease (41,618)us-gaap_CashPeriodIncreaseDecrease 75,896us-gaap_CashPeriodIncreaseDecrease
Cash at beginning of year 178,512us-gaap_Cash 220,130us-gaap_Cash 144,234us-gaap_Cash
Cash at end of year 129,473us-gaap_Cash 178,512us-gaap_Cash 220,130us-gaap_Cash
Supplemental cash flow information      
Interest paid 560,208us-gaap_InterestPaid 395,758us-gaap_InterestPaid 219,825us-gaap_InterestPaid
Income tax payments, net 38,293us-gaap_IncomeTaxesPaidNet 14,747us-gaap_IncomeTaxesPaidNet 37,199us-gaap_IncomeTaxesPaidNet
Supplemental non-cash investing and financing activities      
Transfers of loans held for sale to loans held for investment 110,874us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 0us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
Transfers of loans held for sale to real estate owned 8,808us-gaap_TransferToOtherRealEstate 4,775us-gaap_TransferToOtherRealEstate 999us-gaap_TransferToOtherRealEstate
Conversion of Series A preferred stock to common stock 62,000us-gaap_ConversionOfStockAmountConverted1 100,000us-gaap_ConversionOfStockAmountConverted1 0us-gaap_ConversionOfStockAmountConverted1
Conversion of 3.25% Convertible Notes to common stock 0us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities 0us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities 56,410us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
Fair value of assets acquired      
Cash 0ocn_PaymentToAcquireCash 0ocn_PaymentToAcquireCash (79,511)ocn_PaymentToAcquireCash
Loans held for sale 0us-gaap_IncreaseDecreaseInLoansHeldForSale 0us-gaap_IncreaseDecreaseInLoansHeldForSale (558,721)us-gaap_IncreaseDecreaseInLoansHeldForSale
Advances 0ocn_NoncashOrPartNoncashAcquisitionAdvancesAcquired (1,786,409)ocn_NoncashOrPartNoncashAcquisitionAdvancesAcquired (2,266,882)ocn_NoncashOrPartNoncashAcquisitionAdvancesAcquired
Mortgage servicing rights 0ocn_NoncashOrPartNoncashAcquisitionMortgageServicingRightsAcquired (401,314)ocn_NoncashOrPartNoncashAcquisitionMortgageServicingRightsAcquired (360,344)ocn_NoncashOrPartNoncashAcquisitionMortgageServicingRightsAcquired
Deferred tax assets 0us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability   (52,103)us-gaap_IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
Premises and equipment 0us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease (16,423)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease (12,515)us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease
Goodwill 0us-gaap_GoodwillPeriodIncreaseDecrease (211,419)us-gaap_GoodwillPeriodIncreaseDecrease (345,936)us-gaap_GoodwillPeriodIncreaseDecrease
Debt service accounts 0us-gaap_ServicingAssetAtAmortizedValueAdditions   (69,287)us-gaap_ServicingAssetAtAmortizedValueAdditions
Receivables and other assets 0us-gaap_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1 (2,989)us-gaap_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1 (27,765)us-gaap_NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1
Fair value of assets acquired 0us-gaap_FairValueOfAssetsAcquired 2,418,554us-gaap_FairValueOfAssetsAcquired 3,773,064us-gaap_FairValueOfAssetsAcquired
Fair value of liabilities assumed      
Match funded liabilities 0us-gaap_IncreaseDecreaseInOperatingLiabilities 0us-gaap_IncreaseDecreaseInOperatingLiabilities 1,997,459us-gaap_IncreaseDecreaseInOperatingLiabilities
Other secured borrowings 0us-gaap_LineOfCreditAssumed1 0us-gaap_LineOfCreditAssumed1 864,969us-gaap_LineOfCreditAssumed1
Accrued expenses and other liabilities 0us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 74,625us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 145,812us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Total consideration 0us-gaap_BusinessCombinationConsiderationTransferred1 (2,343,929)us-gaap_BusinessCombinationConsiderationTransferred1 (764,824)us-gaap_BusinessCombinationConsiderationTransferred1
Issuance of preferred stock as consideration 0us-gaap_StockIssuedDuringPeriodValueAcquisitions 0us-gaap_StockIssuedDuringPeriodValueAcquisitions 162,000us-gaap_StockIssuedDuringPeriodValueAcquisitions
Amount due to (from) seller for purchase price adjustments 0us-gaap_BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsRemainingAdjustments 54,220us-gaap_BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsRemainingAdjustments (900)us-gaap_BusinessAcquisitionsPurchasePriceAllocationSubsequentYearsRemainingAdjustments
Cash paid 0us-gaap_PaymentsToAcquireBusinessesGross (2,289,709)us-gaap_PaymentsToAcquireBusinessesGross (603,724)us-gaap_PaymentsToAcquireBusinessesGross
Less cash acquired 0us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness   79,511us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness
Net cash paid 0us-gaap_PaymentsToAcquireBusinessTwoNetOfCashAcquired 2,289,709us-gaap_PaymentsToAcquireBusinessTwoNetOfCashAcquired 524,213us-gaap_PaymentsToAcquireBusinessTwoNetOfCashAcquired
ResCap [Member]      
Cash flows from investing activities      
Payments to acquire business (54,220)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_ResCapMember
(2,289,709)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_ResCapMember
0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_ResCapMember
Ocwen Structured Investments, LLC (OSI) [Member]      
Cash flows from investing activities      
Payments to acquire business (7,833)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_OcwenStructuredInvestmentsLLCOSIMember
0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_OcwenStructuredInvestmentsLLCOSIMember
0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_OcwenStructuredInvestmentsLLCOSIMember
Liberty Acquisition [Member]      
Cash flows from investing activities      
Payments to acquire business 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_LibertyHomeEquitySolutionsInc.Member
(26,568)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_LibertyHomeEquitySolutionsInc.Member
0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_LibertyHomeEquitySolutionsInc.Member
Correspondent One [Member]      
Cash flows from investing activities      
Net cash acquired in acquisition of Correspondent One S.A. 0us-gaap_CashAcquiredFromAcquisition
/ us-gaap_BusinessAcquisitionAxis
= ocn_CorrespondentOneMember
22,108us-gaap_CashAcquiredFromAcquisition
/ us-gaap_BusinessAcquisitionAxis
= ocn_CorrespondentOneMember
0us-gaap_CashAcquiredFromAcquisition
/ us-gaap_BusinessAcquisitionAxis
= ocn_CorrespondentOneMember
Homeward Residential Holdings, Inc. [Member]      
Cash flows from investing activities      
Payments to acquire business $ 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_HomewardResidentialHoldingsInc.Member
$ 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_HomewardResidentialHoldingsInc.Member
$ (524,213)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
/ us-gaap_BusinessAcquisitionAxis
= ocn_HomewardResidentialHoldingsInc.Member