XML 95 R96.htm IDEA: XBRL DOCUMENT v2.4.1.9
Advances - Schedule of Activity in Advances (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Advances [Roll Forward]      
Advances, beginning balance $ 890,832ocn_AdvancesPaymentsOnBehalfOfByBorrower $ 184,463ocn_AdvancesPaymentsOnBehalfOfByBorrower $ 103,591ocn_AdvancesPaymentsOnBehalfOfByBorrower
Acquisitions 99,319ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod [1] 733,438ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod [1] 118,360ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod [1]
Transfers to match funded advances (10,156)ocn_AdvancePaymentsonBehalfofBorrowersTransferred (142,286)ocn_AdvancePaymentsonBehalfofBorrowersTransferred (74,317)ocn_AdvancePaymentsonBehalfofBorrowersTransferred
Sales of advances to HLSS 0ocn_AdvancesPaymentsonBehalfofBorrowerSales [2] (200,749)ocn_AdvancesPaymentsonBehalfofBorrowerSales [2] 0ocn_AdvancesPaymentsonBehalfofBorrowerSales [2]
New advances (collections of advances), net and other (86,081)ocn_AdvancesPaymentsonBehalfofBorrowersAdditions 315,966ocn_AdvancesPaymentsonBehalfofBorrowersAdditions 36,829ocn_AdvancesPaymentsonBehalfofBorrowersAdditions
Advances, ending balance $ 893,914ocn_AdvancesPaymentsOnBehalfOfByBorrower $ 890,832ocn_AdvancesPaymentsOnBehalfOfByBorrower $ 184,463ocn_AdvancesPaymentsOnBehalfOfByBorrower
[1] Servicing advances acquired through business acquisitions and asset acquisitions, primarily in connection with the acquisition of MSRs.
[2] Advances sold in in connection with the sales of Rights to MSRs met the requirements for sale accounting and were derecognized from our financial statements at the time of the sale. Advances sold in connection with the Ginnie Mae EBO Transactions in 2014 did not qualify as sales for accounting purposes.