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Fair Value - Schedule of Significant Assumptions used in Valuation (Details) | 3 Months Ended
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Mar. 31, 2015
Mortgage Servicing Rights - Amortized Costs [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Weighted average prepayment speed | 12.57%us-gaap_FairValueInputsPrepaymentRate / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember
Weighted average delinquency rate | 10.81%us-gaap_FairValueInputsProbabilityOfDefault / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember
Advance financing cost | 5 years
Interest rate for computing float earnings | 5 years
Weighted average discount rate | 9.38%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember
Weighted average cost to service (in dollars) | 86ocn_FairValueInputsWeightedAverageCostToService / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember
Fair Value Agency Mortgage Servicing Rights [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Weighted average prepayment speed | 10.47%us-gaap_FairValueInputsPrepaymentRate / us-gaap_FinancialInstrumentAxis = ocn_FairValueAgencyMortgageServicingRightsMember
Weighted average delinquency rate | 0.86%us-gaap_FairValueInputsProbabilityOfDefault / us-gaap_FinancialInstrumentAxis = ocn_FairValueAgencyMortgageServicingRightsMember
Advance financing cost | 5 years
Interest rate for computing float earnings | 5 years
Weighted average discount rate | 9.01%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancialInstrumentAxis = ocn_FairValueAgencyMortgageServicingRightsMember
Weighted average cost to service (in dollars) | 69ocn_FairValueInputsWeightedAverageCostToService / us-gaap_FinancialInstrumentAxis = ocn_FairValueAgencyMortgageServicingRightsMember
Fair Value Non-Agency Mortgage Servicing Rights [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Weighted average prepayment speed | 17.28%us-gaap_FairValueInputsPrepaymentRate / us-gaap_FinancialInstrumentAxis = ocn_FairValueNonAgencyMortgageServicingRightsMember
Weighted average delinquency rate | 30.02%us-gaap_FairValueInputsProbabilityOfDefault / us-gaap_FinancialInstrumentAxis = ocn_FairValueNonAgencyMortgageServicingRightsMember
Weighted average discount rate | 14.95%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancialInstrumentAxis = ocn_FairValueNonAgencyMortgageServicingRightsMember
Weighted average cost to service (in dollars) | 339ocn_FairValueInputsWeightedAverageCostToService / us-gaap_FinancialInstrumentAxis = ocn_FairValueNonAgencyMortgageServicingRightsMember
Mortgage Servicing Rights Pledged [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Weighted average prepayment speed | 17.83%us-gaap_FairValueInputsPrepaymentRate / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsPledgedMember
Weighted average delinquency rate | 31.00%us-gaap_FairValueInputsProbabilityOfDefault / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsPledgedMember
Weighted average discount rate | 15.22%us-gaap_FairValueInputsDiscountRate / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsPledgedMember
Weighted average cost to service (in dollars) | 345ocn_FairValueInputsWeightedAverageCostToService / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsPledgedMember
London Interbank Offered Rate (LIBOR) [Member] | Fair Value Non-Agency Mortgage Servicing Rights [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Fair value input, interest rate | 3.50%ocn_FairValueInputsBasisSpreadOnVariableRate / us-gaap_FinancialInstrumentAxis = ocn_FairValueNonAgencyMortgageServicingRightsMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
London Interbank Offered Rate (LIBOR) [Member] | Mortgage Servicing Rights Pledged [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Fair value input, interest rate | 3.50%ocn_FairValueInputsBasisSpreadOnVariableRate / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsPledgedMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember

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- Definition Represents the fair value inputs basis spread on advance borrowings. + References No definition available. + Details
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- Definition Fair Value Inputs, Financing Costs, Comparative Derivative Term + References No definition available. + Details
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- Definition Fair Value Inputs, Financing Costs, Float Earnings + References No definition available. + Details
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- Definition Fair value inputs, weighted average cost to service (in dollars). + References No definition available. + Details
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- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Rate at which loans or a loan portfolio are expected to prepay principal balances, used as an input to measure fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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- Definition Percentage of likelihood a loan will not be repaid and instead default, used as an input to measure fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
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