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Loans Held for Sale - Summary of Activity in the Balance of Loans Held for Sale, at Lower of Cost or Fair Value (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Movement In Loans Held For Sale At Fair Value [Roll Forward]      
Beginning balance $ 62,907ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2],[3] $ 82,866ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2],[3] $ 20,633ocn_LoansHeldForSaleAtLowerOfCostOrFairValue
Purchases 2,462,573ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue 1,632,390ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue 65,756ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue
Proceeds from sales (2,067,965)ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue (1,036,316)ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue 0ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue
Principal payments (262,196)ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue (432,423)ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue (1,474)ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue
Transfers to accounts receivable (114,675)ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue (218,629)ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue 0ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue
Transfers to real estate owned (8,808)ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue (4,775)ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue (999)ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue
Gain on sale of loans 31,853ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue 35,087ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue 0ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue
Decrease (increase) in valuation allowance (18,965)ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue (10,644)ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue 568ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue
Other 2,768ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue 15,351ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue (1,618)ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue
Ending balance $ 87,492ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2],[3] $ 62,907ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2],[3] $ 82,866ocn_LoansHeldForSaleAtLowerOfCostOrFairValue [1],[2],[3]
[1] The balance at December 31, 2012 includes non-performing mortgage loans with a carrying value of $65.4 million that we acquired in December 2012 and sold to Altisource Residential, LP in February 2013 for an insignificant gain.
[2] The balances at December 31, 2014 and 2013 includes $42.0 million and $43.1 million, respectively, of loans that we were required to repurchase from Ginnie Mae guaranteed securitizations as part of our contractual obligations as the servicer of the loans. Repurchased loans are modified or otherwise remediated through loss mitigation activities or are reclassified to receivables.
[3] The balances at December 31, 2014, 2013 and 2012 are net of valuation allowances of $49.7 million, $30.7 million and $14.7 million, respectively. The change in the valuation allowance for the years ended December 31, 2014 and 2013 includes adjustments of $20.4 million and $15.7 million, respectively, from the liability for indemnification obligations for the initial valuation adjustment that we recognized on certain loans that we repurchased from Fannie Mae and Freddie Mac guaranteed securitizations.