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    <link:label id="lab_ocn_ClassD1VariableFundingNoteMember_3AC233A796AB13A26B165890DD98F2E6_documentation_en-US" xlink:label="lab_ocn_ClassD1VariableFundingNoteMember_3AC233A796AB13A26B165890DD98F2E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class D1 variable funding note.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ClassD1VariableFundingNoteMember" xlink:label="loc_ocn_ClassD1VariableFundingNoteMember_3AC233A796AB13A26B165890DD98F2E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ClassD1VariableFundingNoteMember_3AC233A796AB13A26B165890DD98F2E6" xlink:to="lab_ocn_ClassD1VariableFundingNoteMember_3AC233A796AB13A26B165890DD98F2E6" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Liabilties [Member]</link:label>
    <link:label id="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300_label_en-US" xlink:label="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Liabilties [Member]</link:label>
    <link:label id="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300_documentation_en-US" xlink:label="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Specific interest-bearing liability.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MatchFundedLiabiltiesMember" xlink:label="loc_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300" xlink:to="lab_ocn_MatchFundedLiabiltiesMember_95591BAB395C849DDDD05890DD981300" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E" xlink:to="lab_us-gaap_DebtInstrumentLineItems_A375045F557B10FC90A65890DD98586E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Available borrowing capacity</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unused Borrowing Capacity, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount" xlink:label="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D" xlink:to="lab_us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount_A9FC6559CF85241A04765890DD98088D" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match funded liabilities</link:label>
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_492C40C41F8CC1A8EC2A5890DD98A9FE" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185" xlink:to="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_F1E614DC2A0B9BA5B5BB5890DD98F185" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity date</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Maturity Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="loc_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595" xlink:to="lab_us-gaap_DebtInstrumentMaturityDate_D3C182B91D8AF7BBF71D5890DD98C595" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization date</link:label>
    <link:label id="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44_label_en-US" xlink:label="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Amortization Date</link:label>
    <link:label id="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Date when the debt instrument revolving period ends under advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended presented as month and year.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DebtInstrumentAmortizationDate" xlink:label="loc_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44" xlink:to="lab_ocn_DebtInstrumentAmortizationDate_B1CC61A388010E2CD6C35890DD98BC44" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis spread on variable rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Variable Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69" xlink:to="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_5206BEB1A08909BEA3F75890DD988A69" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentReportingAbstract_8D5F3DAEF9B58E8BD451592B739793E5_label_en-US" xlink:label="lab_us-gaap_SegmentReportingAbstract_8D5F3DAEF9B58E8BD451592B739793E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingAbstract" xlink:label="loc_us-gaap_SegmentReportingAbstract_8D5F3DAEF9B58E8BD451592B739793E5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingAbstract_8D5F3DAEF9B58E8BD451592B739793E5" xlink:to="lab_us-gaap_SegmentReportingAbstract_8D5F3DAEF9B58E8BD451592B739793E5" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1E09ED34BBCDB09B5564592B73972FBB_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1E09ED34BBCDB09B5564592B73972FBB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1E09ED34BBCDB09B5564592B73972FBB_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1E09ED34BBCDB09B5564592B73972FBB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_1E09ED34BBCDB09B5564592B73972FBB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_68D53F742B2E3A1140E0592B73970157_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_68D53F742B2E3A1140E0592B73970157" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_68D53F742B2E3A1140E0592B73970157_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_68D53F742B2E3A1140E0592B73970157" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_68D53F742B2E3A1140E0592B73970157" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB" xlink:to="lab_us-gaap_SegmentDomain_624D8F4AB7409F6A3380592B739729DB" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67_terseLabel_en-US" xlink:label="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing [Member]</link:label>
    <link:label id="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67_label_en-US" xlink:label="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing [Member]</link:label>
    <link:label id="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67_documentation_en-US" xlink:label="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans serviced on behalf of others.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingMember" xlink:label="loc_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67" xlink:to="lab_ocn_ServicingMember_B285FCF17C63FBC2B75E592B73970E67" xlink:type="arc" />
    <link:label id="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB_terseLabel_en-US" xlink:label="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lending [Member]</link:label>
    <link:label id="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB_label_en-US" xlink:label="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lending [Member]</link:label>
    <link:label id="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB_documentation_en-US" xlink:label="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Lending segment is focused on originating and purchasing agency-conforming residential mortgage loans mainly through correspondent lending business.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LendingMember" xlink:label="loc_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB" xlink:to="lab_ocn_LendingMember_FA153C93C20F39952C74592B739C54FB" xlink:type="arc" />
    <link:label id="lab_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF_verboseLabel_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Corporate Items and Other [Member]</link:label>
    <link:label id="lab_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF_label_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate and Other [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF" xlink:to="lab_us-gaap_CorporateAndOtherMember_BC474B75C10F7FA00734592B739C06AF" xlink:type="arc" />
    <link:label id="lab_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE_terseLabel_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate Eliminations [Member]</link:label>
    <link:label id="lab_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE_label_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment Eliminations [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="loc_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE" xlink:to="lab_us-gaap_IntersegmentEliminationMember_AF7336136A7BDFF2BAB3592B739CCCFE" xlink:type="arc" />
    <link:label id="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794_terseLabel_en-US" xlink:label="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Segments Consolidated [Member]</link:label>
    <link:label id="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794_label_en-US" xlink:label="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Segments Consolidated [Member]</link:label>
    <link:label id="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794_documentation_en-US" xlink:label="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Aggregate of business segments.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794" xlink:to="lab_ocn_BusinessSegmentsConsolidatedMember_B8F735B4DBB5533970D0592B739CB794" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:label id="lab_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9" xlink:to="lab_us-gaap_SegmentReportingInformationLineItems_5426569153D5B219D999592B739CF6F9" xlink:type="arc" />
    <link:label id="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594_terseLabel_en-US" xlink:label="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Results of Operations</link:label>
    <link:label id="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594_label_en-US" xlink:label="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Results of Operations [Abstract]</link:label>
    <link:label id="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594_documentation_en-US" xlink:label="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ResultsOfOperationsAbstract" xlink:label="loc_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594" xlink:to="lab_ocn_ResultsOfOperationsAbstract_CBDDFE84CA480CDAFD55592B739CD594" xlink:type="arc" />
    <link:label id="lab_us-gaap_Revenues_79046444F7C1459FCDA4592B739DFCBE_terseLabel_en-US" xlink:label="lab_us-gaap_Revenues_79046444F7C1459FCDA4592B739DFCBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_us-gaap_Revenues_79046444F7C1459FCDA4592B739DFCBE_label_en-US" xlink:label="lab_us-gaap_Revenues_79046444F7C1459FCDA4592B739DFCBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Revenues_79046444F7C1459FCDA4592B739DFCBE" xlink:to="lab_us-gaap_Revenues_79046444F7C1459FCDA4592B739DFCBE" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30_terseLabel_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expenses</link:label>
    <link:label id="lab_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30_label_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs and Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30" xlink:to="lab_us-gaap_CostsAndExpenses_7A254E0194D802E38B05592B739D5D30" xlink:type="arc" />
    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917_terseLabel_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income (expense):</link:label>
    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917_label_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income (expense): [Abstract]</link:label>
    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917_documentation_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherIncomeExpenseAbstract0" xlink:label="loc_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917" xlink:to="lab_ocn_OtherIncomeExpenseAbstract0_9E3353732B4F08CCE900592B739D9917" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestIncomeOperating_852CF017A270934EC4C0592B739D665F_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOperating_852CF017A270934EC4C0592B739D665F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_us-gaap_InterestIncomeOperating_852CF017A270934EC4C0592B739D665F_label_en-US" xlink:label="lab_us-gaap_InterestIncomeOperating_852CF017A270934EC4C0592B739D665F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income, Operating</link:label>
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    <link:label id="lab_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label id="lab_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513_label_en-US" xlink:label="lab_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513" xlink:to="lab_us-gaap_InterestExpense_445282B94A4CB01ECE4D592B739D6513" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_66EB740C2EE9DA64B048592B739D2B5B_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_66EB740C2EE9DA64B048592B739D2B5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_66EB740C2EE9DA64B048592B739D2B5B_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_66EB740C2EE9DA64B048592B739D2B5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income (Expense)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_66EB740C2EE9DA64B048592B739D2B5B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherOperatingIncomeExpenseNet_7787E910F396946EEABD592B739D5C2F_label_en-US" xlink:label="lab_us-gaap_OtherOperatingIncomeExpenseNet_7787E910F396946EEABD592B739D5C2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Income (Expense), Net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_5D55B373399C473ACD66592B739D50B4" xlink:type="locator" />
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_ValuationAllowanceforLoansHeldforSaleMember" xlink:label="loc_ocn_ValuationAllowanceforLoansHeldforSaleMember_FB08DFE2E9DD15E7533858BBD27C2D73" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationLiabilityObligationsMember_F6107DAC5A86C5BF70AA58BBD27CD5D9_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationLiabilityObligationsMember_F6107DAC5A86C5BF70AA58BBD27CD5D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification Liability Obligations [Member]</link:label>
    <link:label id="lab_ocn_IndemnificationLiabilityObligationsMember_F6107DAC5A86C5BF70AA58BBD27CD5D9_label_en-US" xlink:label="lab_ocn_IndemnificationLiabilityObligationsMember_F6107DAC5A86C5BF70AA58BBD27CD5D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Liability Obligations [Member]</link:label>
    <link:label id="lab_ocn_IndemnificationLiabilityObligationsMember_F6107DAC5A86C5BF70AA58BBD27CD5D9_documentation_en-US" xlink:label="lab_ocn_IndemnificationLiabilityObligationsMember_F6107DAC5A86C5BF70AA58BBD27CD5D9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indemnification liability obligations.</link:label>
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    <link:label id="lab_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5_terseLabel_en-US" xlink:label="lab_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ginnie Mae [Member]</link:label>
    <link:label id="lab_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5_label_en-US" xlink:label="lab_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ginnie Mae [Member]</link:label>
    <link:label id="lab_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5_documentation_en-US" xlink:label="lab_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ginnie Mae [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_GinnieMaeMember" xlink:label="loc_ocn_GinnieMaeMember_F91E170DAB917EFE7CF558BBD27C9EF5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_A8C5AEDAB27E0C39A28458BBD27C0E9A_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_A8C5AEDAB27E0C39A28458BBD27C0E9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_A8C5AEDAB27E0C39A28458BBD27C0E9A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesBalance_2FABC15A483302BEF16158BBD27C1F7D_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesBalance_2FABC15A483302BEF16158BBD27C1F7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation allowance</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesBalance_2FABC15A483302BEF16158BBD27C1F7D_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesBalance_2FABC15A483302BEF16158BBD27C1F7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves, Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesBalance_2FABC15A483302BEF16158BBD27C1F7D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_E1191E5499D36C39B30E58BBD27C822D_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_E1191E5499D36C39B30E58BBD27C822D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reversal of valuation allowances</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_E1191E5499D36C39B30E58BBD27C822D_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_E1191E5499D36C39B30E58BBD27C822D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves, Recoveries</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesRecoveries" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesRecoveries_E1191E5499D36C39B30E58BBD27C822D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in valuation allowance, adjustments</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves, Charged to Other Accounts</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09" xlink:to="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_0C4A2632681D0492341E58BBD27C4F09" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_7CAD8C4CE438B5BDBA0958BBD27CBD2E_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_7CAD8C4CE438B5BDBA0958BBD27CBD2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at lower of cost or fair value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_7CAD8C4CE438B5BDBA0958BBD27CBD2E_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_7CAD8C4CE438B5BDBA0958BBD27CBD2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale At Lower Of Cost Or Fair Value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_7CAD8C4CE438B5BDBA0958BBD27CBD2E_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_7CAD8C4CE438B5BDBA0958BBD27CBD2E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans held for sale at lower of cost or fair value.</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_8B0A1F5EC676F216608758BBD2C98036_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_8B0A1F5EC676F216608758BBD2C98036" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds received from securitizations</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_8B0A1F5EC676F216608758BBD2C98036" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing fees collected</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Servicing Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_41F51725C3A67FD29D4C58BBD2CA98F0" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_57B57344EAABD87255D158BBD2CA150F_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_57B57344EAABD87255D158BBD2CA150F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchases of previously transferred assets, net of claims reimbursed</link:label>
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    <link:label id="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_5753200AAB4ED23A403358BBD2CAA5D4_totalLabel_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_5753200AAB4ED23A403358BBD2CAA5D4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flows received from and paid to securitization trusts</link:label>
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    <link:label id="lab_us-gaap_CreditFacilityAxis_781DA8D9B77FDA02BD4358F74BE8BDC5_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_781DA8D9B77FDA02BD4358F74BE8BDC5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
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    <link:label id="lab_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:label id="lab_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C" xlink:to="lab_us-gaap_CreditFacilityDomain_E7D50B5375EBA7233A5D58F74BE8919C" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7_label_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Specific secured line of credit.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_SeniorSecuredTermLoanMember" xlink:label="loc_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7" xlink:to="lab_ocn_SeniorSecuredTermLoanMember_2B26D22CCFCB511E847558F74BE9B1D7" xlink:type="arc" />
    <link:label id="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E_terseLabel_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E_label_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E_documentation_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represent repurchase agreement related to loans held for sale.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_RepurchaseAgreementMember" xlink:label="loc_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E" xlink:to="lab_ocn_RepurchaseAgreementMember_844E551AB65B24ED4F5458F74BE9AF6E" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents master repurchase agreement.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MasterRepurchaseAgreementMember" xlink:label="loc_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504" xlink:to="lab_ocn_MasterRepurchaseAgreementMember_5EAAB131FA5F4F6E376658F74BE9E504" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25_label_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents participation agreement.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ParticipationAgreementMember" xlink:label="loc_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25" xlink:to="lab_ocn_ParticipationAgreementMember_1C08ED539E75C47DAF1E58F74BE91A25" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8_label_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participation Agreement Two [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Participation Agreement Two [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ParticipationAgreementTwoMember" xlink:label="loc_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8" xlink:to="lab_ocn_ParticipationAgreementTwoMember_479E9424FC95FE7408C658F74BE94CE8" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Two [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Two [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MasterRepurchaseAgreementTwoMember" xlink:label="loc_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B" xlink:to="lab_ocn_MasterRepurchaseAgreementTwoMember_97FAADF4EF714815BF8658F74BE9D41B" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Three [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Three [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MasterRepurchaseAgreementThreeMember" xlink:label="loc_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B" xlink:to="lab_ocn_MasterRepurchaseAgreementThreeMember_21CFBF0E9932FB1EA08558F74BE9E26B" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8_terseLabel_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement [Member]</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8_label_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement [Member]</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8_documentation_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents mortgage warehouse agreement.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageWarehouseAgreementMember" xlink:label="loc_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8" xlink:to="lab_ocn_MortgageWarehouseAgreementMember_F7C01F916E92B44B150A58F74BE998A8" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB" xlink:to="lab_us-gaap_LongtermDebtTypeAxis_C287C724D8E2B7C8B5B558F74BE920CB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D" xlink:to="lab_us-gaap_LongtermDebtTypeDomain_251F5010E3A387C4450358F74BE9BF4D" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Secured Borrowings [Member]</link:label>
    <link:label id="lab_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B_label_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredDebtMember" xlink:label="loc_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B" xlink:to="lab_us-gaap_SecuredDebtMember_B1034ED859CA040A724358F74BE9927B" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="loc_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F" xlink:to="lab_us-gaap_SubsequentEventTypeAxis_4429F4746155136AF55558F74BE84E6F" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Domain]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="loc_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9" xlink:to="lab_us-gaap_SubsequentEventTypeDomain_20CFF540FC656FA69D7658F74BE831D9" xlink:type="arc" />
    <link:label id="lab_us-gaap_SubsequentEventMember_031C2D24632F9E8A238658F74BE8CD58_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventMember_031C2D24632F9E8A238658F74BE8CD58" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event [Member]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventMember_031C2D24632F9E8A238658F74BE8CD58_label_en-US" xlink:label="lab_us-gaap_SubsequentEventMember_031C2D24632F9E8A238658F74BE8CD58" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Member]</link:label>
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    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_CFE3F06BF0AE195DD92758F74BE9B1EB_documentation_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_CFE3F06BF0AE195DD92758F74BE9B1EB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to prepay loans.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans" xlink:label="loc_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_CFE3F06BF0AE195DD92758F74BE9B1EB" xlink:type="locator" />
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    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to reinvest in assets of business use</link:label>
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF_label_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Net Cash Proceeds From Permitted Asset Sales Allowed To Reinvest In Assets Of Business Use</link:label>
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF_documentation_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to reinvest in assets of business use.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse" xlink:label="loc_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_846B80ADCB52DEA8968758F74BE947BF" xlink:type="locator" />
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    <link:label id="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB_terseLabel_en-US" xlink:label="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time period to reinvest net cash proceeds from permitted asset sales in assets of business use</link:label>
    <link:label id="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB_label_en-US" xlink:label="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time Period To Reinvest Net Cash Proceeds From Permitted Asset Sales In Assets Of Business Use</link:label>
    <link:label id="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB_documentation_en-US" xlink:label="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time period to reinvest net cash proceeds from permitted asset sales in assets of business use.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse" xlink:label="loc_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB" xlink:to="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_41501E58F1E7F8541DD058F74BEAC9AB" xlink:type="arc" />
    <link:label id="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172_terseLabel_en-US" xlink:label="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended time period to reinvest net cash proceeds from permitted asset sales in assets of business use</link:label>
    <link:label id="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172_label_en-US" xlink:label="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extended Time Period To Reinvest Net Cash Proceeds From Permitted Asset Sales In Assets Of Business Use</link:label>
    <link:label id="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172_documentation_en-US" xlink:label="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Extended time period to reinvest net cash proceeds from permitted asset sales in assets of business use.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse" xlink:label="loc_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172" xlink:to="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_26C278EAC39CA3D4567A58F74BEAC172" xlink:type="arc" />
    <link:label id="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED_terseLabel_en-US" xlink:label="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate leverage ratio</link:label>
    <link:label id="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED_label_en-US" xlink:label="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Leverage Ratio</link:label>
    <link:label id="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED_documentation_en-US" xlink:label="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate leverage ratio.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_CorporateLeverageRatio" xlink:label="loc_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED" xlink:to="lab_ocn_CorporateLeverageRatio_721CD61CC8B5631B554358F74BEAFDED" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_ADF2087C4E883F46ED3258F74BEA80C8_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_ADF2087C4E883F46ED3258F74BEA80C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_ADF2087C4E883F46ED3258F74BEA80C8_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_ADF2087C4E883F46ED3258F74BEA80C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_ADF2087C4E883F46ED3258F74BEA80C8" xlink:type="locator" />
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    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional borrowing capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Additional Borrowing Capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Additional Borrowing Capacity</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LineofCreditFacilityAdditionalBorrowingCapacity" xlink:label="loc_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_B3EC09EBFBE65E32B0D358F74BEA2454" xlink:type="locator" />
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    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_4FFFF38654117640284158F74BEAE7A0_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_4FFFF38654117640284158F74BEAE7A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Beneficial interest</link:label>
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    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_57955995E5521A22A30158F3BFFFC10E_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_57955995E5521A22A30158F3BFFFC10E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
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    <link:label id="lab_us-gaap_ProfitLoss_132CD7565F51A4B813E458F3C007D66F_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_132CD7565F51A4B813E458F3C007D66F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
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    <link:label id="lab_ocn_OtherComprehensiveIncomeLossNetOfIncomeTaxesAbstract_3B1BFF3D011F6806D90258F3C007BBD6_terseLabel_en-US" xlink:label="lab_ocn_OtherComprehensiveIncomeLossNetOfIncomeTaxesAbstract_3B1BFF3D011F6806D90258F3C007BBD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of income taxes:</link:label>
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    <link:label id="lab_ocn_MarginPeriod2Member_5B36EC4BD6EE3116FD56592263B30D71_label_en-US" xlink:label="lab_ocn_MarginPeriod2Member_5B36EC4BD6EE3116FD56592263B30D71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Margin Period 2 [Member]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPeriodEndDate_339D8518211748C24557592263B42192_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPeriodEndDate_339D8518211748C24557592263B42192" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Period, End Date</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodEndDate" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPeriodEndDate_339D8518211748C24557592263B42192" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentRedemptionPeriodEndDate_339D8518211748C24557592263B42192" xlink:to="lab_us-gaap_DebtInstrumentRedemptionPeriodEndDate_339D8518211748C24557592263B42192" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, interest rate, basis for effective rate at period end</link:label>
    <link:label id="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5_label_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Basis for Effective Rate at Period End</link:label>
    <link:label id="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Basis for Effective Rate at Period End</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd" xlink:label="loc_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5" xlink:to="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_D70C951F871D6B3DB2BF592263B42AA5" xlink:type="arc" />
    <link:label id="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) to borrowing capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase (Decrease) to Borrowing Capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase (Decrease) to Borrowing Capacity</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity" xlink:label="loc_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9" xlink:to="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_A9509BA7A9B7C96F907C592263B4A7C9" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability [Roll Forward]</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability [Roll Forward]</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsLiabilityRollForward" xlink:label="loc_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D" xlink:to="lab_ocn_IndemnificationObligationsLiabilityRollForward_A3AE45DD58A4B4F377A44D0AF3E2193D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44_periodStartLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the liability for indemnification obligations.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44" xlink:to="lab_ocn_IndemnificationObligationsLiability_13C9DE88A0AB0B68F3714D0AF3E21E44" xlink:type="arc" />
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7_terseLabel_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for representation and warranty obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7_label_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision For Representation And Warranty Obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7_documentation_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents provision for representation and warranty obligations.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProvisionForRepresentationAndWarrantyObligations" xlink:label="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7" xlink:to="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_D36CB5DC40A395A7BE374D0AF3E2C7A7" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New production reserves</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability Reserves</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents addition of indemnification obligations reserves for new loan production during the period.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsLiabilityReserves" xlink:label="loc_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D" xlink:to="lab_ocn_IndemnificationObligationsLiabilityReserves_955AFC3904D1B2B71F0F4D0AF3E2527D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Obligations assumed in connection with MSR and servicing business acquisitions</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Assumed With MSR And Servicing Business Acquisitions</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Assumed With MSR And Servicing Business Acquisitions</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions" xlink:label="loc_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225" xlink:to="lab_ocn_IndemnificationObligationsAssumedWithMSRAndServicingBusinessAcquisitions_3536FDFBAE2AB948FDFC4D0AF3E35225" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B_negatedTerseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Charge-offs and other</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability Charge Offs</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of charge-offs against indemnification obligations liability.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsLiabilityChargeOffs" xlink:label="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B" xlink:to="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_9279924C49FA210524754D0AF3E35F7B" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiability_2FCC1C916E974CB36DD74D0AF3E3AA9B_periodEndLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_2FCC1C916E974CB36DD74D0AF3E3AA9B" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_2FCC1C916E974CB36DD74D0AF3E3AA9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiability_2FCC1C916E974CB36DD74D0AF3E3AA9B" xlink:to="lab_ocn_IndemnificationObligationsLiability_2FCC1C916E974CB36DD74D0AF3E3AA9B" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at amortized cost</link:label>
    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50_label_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset At Amortized Value MSRs Retained</link:label>
    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50_documentation_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Asset At Amortized Value MSRs Retained</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingAssetAtAmortizedValueMSRsRetained" xlink:label="loc_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50" xlink:to="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_932166A1CB09A4522EC058BBD2C75F50" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at fair value</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75_label_en-US" xlink:label="lab_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights At Fair Value</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights At Fair Value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageServicingRightsAtFairValue" xlink:label="loc_ocn_MortgageServicingRightsAtFairValue_96E6E4943A0EF9063B3D58BBD2C72A75" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvances_DF77025B3A2E2D34C76558BBD2C7C09A_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvances_DF77025B3A2E2D34C76558BBD2C7C09A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances and match funded advances</link:label>
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    <link:label id="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_2970436851CE0F2D0CC958C5586D001E_terseLabel_en-US" xlink:label="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_2970436851CE0F2D0CC958C5586D001E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of trusts to terminate as servicer in case if allegations proved</link:label>
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    <link:label id="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_97BD7965A80E4362E35058C5586D9DB3_verboseLabel_en-US" xlink:label="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_97BD7965A80E4362E35058C5586D9DB3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of trust where servicing transferred to another loan servicer</link:label>
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating" xlink:label="loc_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_97BD7965A80E4362E35058C5586D9DB3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LitigationSettlementExpense_F9DB7F4B82330704D26A58C5586DFEED_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_F9DB7F4B82330704D26A58C5586DFEED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Litigation settlement expense</link:label>
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    <link:label id="lab_ocn_NumberOfIndependentDirectorsAppointedAfterConsultationWithOperationsMonitor_292383FCB51836C86CE358C5586D1AD0_terseLabel_en-US" xlink:label="lab_ocn_NumberOfIndependentDirectorsAppointedAfterConsultationWithOperationsMonitor_292383FCB51836C86CE358C5586D1AD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of independent directors appointed after consultation with operations monitor</link:label>
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    <link:label id="lab_ocn_NumberOfStateRegulatorsExaminationsPending_B1A5AE49835EB2BE7DF358C5586DCBD4_documentation_en-US" xlink:label="lab_ocn_NumberOfStateRegulatorsExaminationsPending_B1A5AE49835EB2BE7DF358C5586DCBD4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of state regulators examinations pending.</link:label>
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    <link:label id="lab_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_330A9BEC7EAE1CCBB5F858C5586ECE4F_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_330A9BEC7EAE1CCBB5F858C5586ECE4F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states in which regulators examinations pending.</link:label>
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    <link:label id="lab_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C_terseLabel_en-US" xlink:label="lab_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provided or assumed representation and warranty obligations of unpaid principal balance</link:label>
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    <link:label id="lab_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C_documentation_en-US" xlink:label="lab_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unpaid principal balance of loans for which the company has provided or assumed representation and warranty obligations.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance" xlink:label="loc_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C" xlink:to="lab_ocn_ProvidedOrAssumedRepresentationAndWarrantyObligationsOfUnpaidPrincipalBalance_F7D35E5E3C1B4FE5DC7358C5586E841C" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_AD388D7164FBB6043EBF58C5586EA6CE_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_AD388D7164FBB6043EBF58C5586EA6CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warranty repurchase demands unpaid principal balance</link:label>
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    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_AD388D7164FBB6043EBF58C5586EA6CE_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_AD388D7164FBB6043EBF58C5586EA6CE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unpaid principal balance related to outstanding representation and warranty repurchase demands as of the end of the period.</link:label>
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    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_AB5231DAF3AF670085F658C5586ED71C_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_AB5231DAF3AF670085F658C5586ED71C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warranty repurchase demands number of loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_AB5231DAF3AF670085F658C5586ED71C_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_AB5231DAF3AF670085F658C5586ED71C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warranty Repurchase Demands Number Of Loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_AB5231DAF3AF670085F658C5586ED71C_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_AB5231DAF3AF670085F658C5586ED71C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of loans related to outstanding representation and warranty repurchase demands as of the end of the period.</link:label>
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    <link:label id="lab_us-gaap_LineOfCreditFacilityTable_45731C7BB0932593AB4358F74BF14201_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_45731C7BB0932593AB4358F74BF14201" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
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    <link:label id="lab_us-gaap_EurodollarMember_E236B5B149FAC1CE911F58F74BF17E23_terseLabel_en-US" xlink:label="lab_us-gaap_EurodollarMember_E236B5B149FAC1CE911F58F74BF17E23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eurodollar [Member]</link:label>
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    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_BFF47B2F7DD0BD285F9758F74BF2B3DC_terseLabel_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_BFF47B2F7DD0BD285F9758F74BF2B3DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Servicing Lines Of Credit [Member]</link:label>
    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_BFF47B2F7DD0BD285F9758F74BF2B3DC_label_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_BFF47B2F7DD0BD285F9758F74BF2B3DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Servicing Lines Of Credit [Member]</link:label>
    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_BFF47B2F7DD0BD285F9758F74BF2B3DC_documentation_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_BFF47B2F7DD0BD285F9758F74BF2B3DC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total amount of servicing lines of credit.</link:label>
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    <link:label id="lab_us-gaap_LineOfCreditFacilityLineItems_230B34D9D2707B28D4EC58F74BF2B6CC_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_230B34D9D2707B28D4EC58F74BF2B6CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Line Items]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_7EAF1D0357C2362831C858F74BF3580A_netLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_7EAF1D0357C2362831C858F74BF3580A" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Other secured borrowings</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_9B7CEC6FB4F37125813D58F74BF3BC2C_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_9B7CEC6FB4F37125813D58F74BF3BC2C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Discount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_9B7CEC6FB4F37125813D58F74BF3BC2C_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_9B7CEC6FB4F37125813D58F74BF3BC2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount</link:label>
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    <link:label id="lab_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:label id="lab_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097_label_en-US" xlink:label="lab_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097" xlink:to="lab_us-gaap_LongTermDebt_A91E46BFEB9770B1067658F74BF3F097" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C_terseLabel_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average interest rate</link:label>
    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C_label_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt, Weighted Average Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C" xlink:to="lab_us-gaap_DebtWeightedAverageInterestRate_F9218E067842256AD9A958F74BF30F3C" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate at index floor rate</link:label>
    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206_label_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Interest Rate At Index Floor Rate</link:label>
    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the index floor rate used for interest rate on the debt instrument.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DebtInstrumentInterestRateAtIndexFloorRate" xlink:label="loc_ocn_DebtInstrumentInterestRateAtIndexFloorRate_193DC60F7045F1E6162358F74BF32206" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5_terseLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fees, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesAmount" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5" xlink:to="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_0AE333A87EDA022D22EC62451ADDADA5" xlink:type="arc" />
    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C_terseLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subservicing</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Subservicing Fees Amount</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All amounts that, per contract, are due to the subservicer in exchange for subservicing the financial asset and would no longer be received by a subservicer if the owners of the servicing rights were to exercise their authority under the contract to shift the subservicing to another servicer.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ContractuallySpecifiedSubservicingFeesAmount" xlink:label="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C" xlink:to="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_80A6E67FB6329FD192D462451ADD8B0C" xlink:type="arc" />
    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A_totalLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing and Subservicing fees, total</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing And Subservicing Fees Amount Total</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All amounts that, per contract, are due in exchange for servicing or subservicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal" xlink:label="loc_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A" xlink:to="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_D6D7FC4AB5DED3AD830B62451ADDFE9A" xlink:type="arc" />
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB_terseLabel_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Home Affordable Modification Program (HAMP) fees</link:label>
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB_label_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB_documentation_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fees related to a specific loan modification program due to the servicer in exchange for servicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB" xlink:to="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_D4CBDCA273E063016ABA62451ADDA9BB" xlink:type="arc" />
    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC_terseLabel_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Late charges</link:label>
    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC_label_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Late Fee Income Generated by Servicing Financial Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC" xlink:to="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_3858EE522EDD13DF40D462451ADDA2AC" xlink:type="arc" />
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44_terseLabel_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan collection fees</link:label>
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44_label_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Collection Fees Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44_documentation_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents loan collection fees paid by the borrower to the servicer for automated payment services.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44" xlink:to="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_2A62CB94AA390C9C433A62451ADD8A44" xlink:type="arc" />
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D_terseLabel_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Custodial accounts (float earnings)</link:label>
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D_label_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Float Earnings Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D_documentation_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount related to interest earned on unremitted loan payments held in custodial accounts, are due to the servicer in exchange for servicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D" xlink:to="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_BE360BF5D18E0DC8F55362451ADD729D" xlink:type="arc" />
    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C_terseLabel_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C_label_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ancillary Fee Income Generated by Servicing Financial Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C" xlink:to="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_7C7BC75BC7703886401362451ADD0E1C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54_totalLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Fees, total</link:label>
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54" xlink:to="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_9729C632A27E02BDB2AD62451ADD3C54" xlink:type="arc" />
    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC_terseLabel_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sales of loans</link:label>
    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC_label_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Sale Of Loans Including Value Assigned To MSRs Retained</link:label>
    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC_documentation_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain On Sale Of Loans Including Value Assigned To MSRs Retained</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained" xlink:label="loc_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC" xlink:to="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_72A3E7B77274B922B0AE592B75EEAAFC" xlink:type="arc" />
    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C_terseLabel_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of IRLCs</link:label>
    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C_label_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain Loss On Interest Rate Derivative Instruments</link:label>
    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C_documentation_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the net increase or decrease in the fair value of the interest rate derivative or group of derivatives.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_GainLossOnInterestRateDerivativeInstruments" xlink:label="loc_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C" xlink:to="lab_ocn_GainLossOnInterestRateDerivativeInstruments_65FBB14372E2B4C87F2C592B75EFAF4C" xlink:type="arc" />
    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933_terseLabel_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of loans held for sale</link:label>
    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933_label_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Fair Value Of Mortgage Loans Held For Sale</link:label>
    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933_documentation_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period in the fair value of mortgage loans that are held with the intention to sell or be securitized in the near future.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ChangeInFairValueOfMortgageLoansHeldForSale" xlink:label="loc_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933" xlink:to="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_45B1C0F9A2ABF3E92B7F592B75EFF933" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_DE1DF3953E12248F1B13592B75EF26B6_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_DE1DF3953E12248F1B13592B75EF26B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss on economic hedge instruments</link:label>
    <link:label id="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_DE1DF3953E12248F1B13592B75EF26B6_label_en-US" xlink:label="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_DE1DF3953E12248F1B13592B75EF26B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Fair Value Hedges Recognized in Earnings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:label="loc_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_DE1DF3953E12248F1B13592B75EF26B6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09_terseLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09_label_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) on Sales of Other Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainsLossesOnSalesOfOtherRealEstate" xlink:label="loc_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09" xlink:to="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_62A811FF5D003B50806E592B75EF5C09" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080_totalLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gain on loans held for sale, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080_label_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sales of Loans, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnSalesOfLoansNet" xlink:label="loc_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080" xlink:to="lab_us-gaap_GainLossOnSalesOfLoansNet_0869B571E5B75634F271592B75EFD080" xlink:type="arc" />
    <link:label id="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90_terseLabel_en-US" xlink:label="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movement In Loans Held For Sale At Fair Value [Roll Forward]</link:label>
    <link:label id="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90_label_en-US" xlink:label="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Movement In Loans Held For Sale At Fair Value [Roll Forward]</link:label>
    <link:label id="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90_documentation_en-US" xlink:label="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MovementInLoansHeldForSaleAtFairValueRollForward" xlink:label="loc_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90" xlink:to="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_6EEC6FA4B9D630279D5858BBD27F4A90" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_C1F2C04B00A06BEF7AF358BBD27F5344_periodStartLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_C1F2C04B00A06BEF7AF358BBD27F5344" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoansHeldForSaleAtLowerOfCostOrFairValue" xlink:label="loc_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_C1F2C04B00A06BEF7AF358BBD27F5344" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_C1F2C04B00A06BEF7AF358BBD27F5344" xlink:to="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_C1F2C04B00A06BEF7AF358BBD27F5344" xlink:type="arc" />
    <link:label id="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A_terseLabel_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases</link:label>
    <link:label id="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A_label_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Origination of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A_documentation_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments for Origination of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A" xlink:to="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_38B21B327A753A6F425658BBD27FB29A" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales</link:label>
    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20_label_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20_documentation_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20" xlink:to="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_9AD0C2F3BC1EDA5C988E58BBD27F9A20" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Principal collections</link:label>
    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889_label_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Principal Payments on Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889_documentation_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from Principal Payments on Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889" xlink:to="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_3D39E8E8F8D4699D314E58BBD27FB889" xlink:type="arc" />
    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to accounts receivable</link:label>
    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7_label_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to Accounts Receivable from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7_documentation_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to Accounts Receivable from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7" xlink:to="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_0A9BDB25CAD728C831E858BBD27F15B7" xlink:type="arc" />
    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_BB1892334A3D29C9F74858BBD27FC0F3_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_BB1892334A3D29C9F74858BBD27FC0F3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to real estate owned</link:label>
    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_BB1892334A3D29C9F74858BBD27FC0F3_label_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_BB1892334A3D29C9F74858BBD27FC0F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to Real Estate Owned from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
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    <link:label id="lab_ocn_ImpairedGovernmentInsuredStratumMember_4C1D9C6CC150726CCA022A7498B149AB_label_en-US" xlink:label="lab_ocn_ImpairedGovernmentInsuredStratumMember_4C1D9C6CC150726CCA022A7498B149AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impaired Government Insured Stratum [Member]</link:label>
    <link:label id="lab_ocn_ImpairedGovernmentInsuredStratumMember_4C1D9C6CC150726CCA022A7498B149AB_documentation_en-US" xlink:label="lab_ocn_ImpairedGovernmentInsuredStratumMember_4C1D9C6CC150726CCA022A7498B149AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impaired government insured stratum.</link:label>
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    <link:label id="lab_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs, at amortized cost</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D_label_en-US" xlink:label="lab_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights, Amortized Cost</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D_documentation_en-US" xlink:label="lab_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights, Amortized Cost</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageServiceRightsAmortizedCost" xlink:label="loc_ocn_MortgageServiceRightsAmortizedCost_75F771DB78F60E76804F2A77627FFB0D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PreferredStockDividendsPerShareDeclared_C37E5E5DF3C4A9C7F4E153803B277A46_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockDividendsPerShareDeclared_C37E5E5DF3C4A9C7F4E153803B277A46" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock dividends (dollar per share)</link:label>
    <link:label id="lab_us-gaap_PreferredStockDividendsPerShareDeclared_C37E5E5DF3C4A9C7F4E153803B277A46_label_en-US" xlink:label="lab_us-gaap_PreferredStockDividendsPerShareDeclared_C37E5E5DF3C4A9C7F4E153803B277A46" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Dividends Per Share, Declared</link:label>
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    <link:label id="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable_8CF4E420C54886CA141D59C9EF31C8A0_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfChangeInAccountingEstimateTable_8CF4E420C54886CA141D59C9EF31C8A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Change in Accounting Estimate [Table]</link:label>
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    <link:label id="lab_dei_LegalEntityAxis_E8F53BBCEA7F4000E0AA59C9EF32974C_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis_E8F53BBCEA7F4000E0AA59C9EF32974C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_E8F53BBCEA7F4000E0AA59C9EF32974C_label_en-US" xlink:label="lab_dei_LegalEntityAxis_E8F53BBCEA7F4000E0AA59C9EF32974C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_E8F53BBCEA7F4000E0AA59C9EF32974C" xlink:type="locator" />
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    <link:label id="lab_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F_terseLabel_en-US" xlink:label="lab_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F_label_en-US" xlink:label="lab_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2013/dei-2013-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F" xlink:to="lab_dei_EntityDomain_00489B9C6A8232BEF90F59C9EF32859F" xlink:type="arc" />
    <link:label id="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F_terseLabel_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Loan Servicing [Member]</link:label>
    <link:label id="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F_label_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Loan Servicing [Member]</link:label>
    <link:label id="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F_documentation_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen loan servicing.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OcwenLoanServicingMember" xlink:label="loc_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F" xlink:to="lab_ocn_OcwenLoanServicingMember_86513247363169BCDD9A59C9EF332A2F" xlink:type="arc" />
    <link:label id="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F_terseLabel_en-US" xlink:label="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance Funding Facility [Member]</link:label>
    <link:label id="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F_label_en-US" xlink:label="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Funding Facility [Member]</link:label>
    <link:label id="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F_documentation_en-US" xlink:label="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance funding facility.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvanceFundingFacilityMember" xlink:label="loc_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F" xlink:to="lab_ocn_AdvanceFundingFacilityMember_2A5261AF2B0227B05F5F59C9EF330A2F" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_245F1F8C61639A542C5159C9EF338C68" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA_label_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA" xlink:to="lab_us-gaap_RelatedPartyDomain_34F93A77AB9906F218E359C9EF334AEA" xlink:type="arc" />
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F_terseLabel_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HLSS [Member]</link:label>
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F_label_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Loan Servicing Solutions [Member]</link:label>
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F_documentation_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents related party.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_HomeLoanServicingSolutionsMember" xlink:label="loc_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F" xlink:to="lab_ocn_HomeLoanServicingSolutionsMember_4FCA19343BCCC8C1D35F59C9EF338B5F" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_98329B950A93C2E7C58F59C9EF380C31_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_98329B950A93C2E7C58F59C9EF380C31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase And Participation Agreement [Member]</link:label>
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    <link:label id="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_98329B950A93C2E7C58F59C9EF380C31_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_98329B950A93C2E7C58F59C9EF380C31" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents master repurchase and participation agreements.</link:label>
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    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_22D0A4FB427B8691716D59C9EF39D32C_terseLabel_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_22D0A4FB427B8691716D59C9EF39D32C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ [Member]</link:label>
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    <link:label id="lab_ocn_JPMorganChaseAndCoMember_6B231996627840FEB5F759CAF4EBF97A_terseLabel_en-US" xlink:label="lab_ocn_JPMorganChaseAndCoMember_6B231996627840FEB5F759CAF4EBF97A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">JPMorgan Chase &amp; Co [Member]</link:label>
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    <link:label id="lab_ocn_GreenTreeLoanServicingMember_B931DE358EE7C168C38259C9EF39218F_terseLabel_en-US" xlink:label="lab_ocn_GreenTreeLoanServicingMember_B931DE358EE7C168C38259C9EF39218F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Green Tree Loan Servicing [Member]</link:label>
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    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_C4DC416CC16B265CBE4159C9EF3A2FA6_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_C4DC416CC16B265CBE4159C9EF3A2FA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of non-agency and whole loans servicing agreements with termination rights triggered</link:label>
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    <link:label id="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_2D6FE4072009F433558C59C9EF3AC0BC_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_2D6FE4072009F433558C59C9EF3AC0BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of non-agency and whole loans servicing agreements with termination rights triggered of servicing portfolio</link:label>
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio" xlink:label="loc_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_2D6FE4072009F433558C59C9EF3AC0BC" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_401E1B2853CF5F6E007B59C9EF3ACE7B_terseLabel_en-US" xlink:label="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_401E1B2853CF5F6E007B59C9EF3ACE7B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of non-agency servicing agreements terminated due to downgrades in mortgage servicer rating</link:label>
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    <link:label id="lab_ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating_759B130E7622F85112F059C9EF3A97AD_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating_759B130E7622F85112F059C9EF3A97AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of servicing transferred due to downgrades in mortgage servicer rating</link:label>
    <link:label id="lab_ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating_759B130E7622F85112F059C9EF3A97AD_label_en-US" xlink:label="lab_ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating_759B130E7622F85112F059C9EF3A97AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Servicing Transferred Due To Downgrades In Mortgage Servicer Rating</link:label>
    <link:label id="lab_ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating_759B130E7622F85112F059C9EF3A97AD_documentation_en-US" xlink:label="lab_ocn_PercentageOfServicingTransferredDueToDowngradesInMortgageServicerRating_759B130E7622F85112F059C9EF3A97AD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of servicing transferred due to downgrades in mortgage servicer rating.</link:label>
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    <link:label id="lab_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21_terseLabel_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding servicing advances</link:label>
    <link:label id="lab_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21_label_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding Servicing Advances</link:label>
    <link:label id="lab_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21_documentation_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outstanding servicing advances.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OutstandingServicingAdvances" xlink:label="loc_ocn_OutstandingServicingAdvances_D8E65D4F6A3368E52F0859C9EF3A4B21" xlink:type="locator" />
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    <link:label id="lab_ocn_ExtendedTermAsNamedServicer_C294F58F7E9C7FD8D31659C9EF3A0A4B_terseLabel_en-US" xlink:label="lab_ocn_ExtendedTermAsNamedServicer_C294F58F7E9C7FD8D31659C9EF3A0A4B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended term as named servicer</link:label>
    <link:label id="lab_ocn_ExtendedTermAsNamedServicer_C294F58F7E9C7FD8D31659C9EF3A0A4B_label_en-US" xlink:label="lab_ocn_ExtendedTermAsNamedServicer_C294F58F7E9C7FD8D31659C9EF3A0A4B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extended Term As Named Servicer</link:label>
    <link:label id="lab_ocn_ExtendedTermAsNamedServicer_C294F58F7E9C7FD8D31659C9EF3A0A4B_documentation_en-US" xlink:label="lab_ocn_ExtendedTermAsNamedServicer_C294F58F7E9C7FD8D31659C9EF3A0A4B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Extended term as a named servicer on loans for which rights to MSRs have been sold to HLSS.</link:label>
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    <link:label id="lab_ocn_NegotiationPeriodForExtensionPriorToEndOfContractTerm_99DBFE1BD1F13590F1C059C9EF3A1830_terseLabel_en-US" xlink:label="lab_ocn_NegotiationPeriodForExtensionPriorToEndOfContractTerm_99DBFE1BD1F13590F1C059C9EF3A1830" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Negotiation period for extension, prior to end of contract term</link:label>
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    <link:label id="lab_ocn_NegotiationPeriodForExtensionPriorToEndOfContractTerm_99DBFE1BD1F13590F1C059C9EF3A1830_documentation_en-US" xlink:label="lab_ocn_NegotiationPeriodForExtensionPriorToEndOfContractTerm_99DBFE1BD1F13590F1C059C9EF3A1830" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period prior to the end of applicable term that the parties have to commence negotiating in good faith for an extension of the contract term and the servicing fees payable.</link:label>
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    <link:label id="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_0C7703DC3BCE69BADE1859C9EF3A66FA_terseLabel_en-US" xlink:label="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_0C7703DC3BCE69BADE1859C9EF3A66FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Standstill period to replace as named servicer</link:label>
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    <link:label id="lab_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod_D94DEE6FA3086CD7070759C9EF3A189C_terseLabel_en-US" xlink:label="lab_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod_D94DEE6FA3086CD7070759C9EF3A189C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increased costs of financing to be compensated during any calendar month</link:label>
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod" xlink:label="loc_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod_D94DEE6FA3086CD7070759C9EF3A189C" xlink:type="locator" />
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringContractualTerm" xlink:label="loc_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringContractualTerm_24B4703533C0FF9F7B6359C9EF3AC270" xlink:type="locator" />
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    <link:label id="lab_ocn_CashPrePaymentsToSecureFutureObligations_2A020CF316B23F20147E59C9EF3AC6EF_terseLabel_en-US" xlink:label="lab_ocn_CashPrePaymentsToSecureFutureObligations_2A020CF316B23F20147E59C9EF3AC6EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash pre-payments to secure future obligations</link:label>
    <link:label id="lab_ocn_CashPrePaymentsToSecureFutureObligations_2A020CF316B23F20147E59C9EF3AC6EF_label_en-US" xlink:label="lab_ocn_CashPrePaymentsToSecureFutureObligations_2A020CF316B23F20147E59C9EF3AC6EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Pre-Payments To Secure Future Obligations</link:label>
    <link:label id="lab_ocn_CashPrePaymentsToSecureFutureObligations_2A020CF316B23F20147E59C9EF3AC6EF_documentation_en-US" xlink:label="lab_ocn_CashPrePaymentsToSecureFutureObligations_2A020CF316B23F20147E59C9EF3AC6EF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents total cash prepayments to secure future obligations include repurchases, indemnifications and various fees.</link:label>
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    <link:label id="lab_us-gaap_EscrowDeposit_0CE54C67B8DCEAEA05AC59C9EF3AA090_terseLabel_en-US" xlink:label="lab_us-gaap_EscrowDeposit_0CE54C67B8DCEAEA05AC59C9EF3AA090" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Escrow deposit</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EscrowDeposit_0CE54C67B8DCEAEA05AC59C9EF3AA090" xlink:to="lab_us-gaap_EscrowDeposit_0CE54C67B8DCEAEA05AC59C9EF3AA090" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_EB6838C53A3C36AD3BE959C9EF3AD1C3_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_EB6838C53A3C36AD3BE959C9EF3AD1C3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Expected proceeds from sale of mortgage servicing rights</link:label>
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    <link:label id="lab_us-gaap_DerivativeTable_645C621E2FD26ECEF2475890DD0F043B_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeTable_645C621E2FD26ECEF2475890DD0F043B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative [Table]</link:label>
    <link:label id="lab_us-gaap_DerivativeTable_645C621E2FD26ECEF2475890DD0F043B_label_en-US" xlink:label="lab_us-gaap_DerivativeTable_645C621E2FD26ECEF2475890DD0F043B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative [Table]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeTable_645C621E2FD26ECEF2475890DD0F043B" xlink:to="lab_us-gaap_DerivativeTable_645C621E2FD26ECEF2475890DD0F043B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_7EDF091B26613BC1C9275890DD0F038B_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_7EDF091B26613BC1C9275890DD0F038B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_7EDF091B26613BC1C9275890DD0F038B_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_7EDF091B26613BC1C9275890DD0F038B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
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    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_08D966AE1F1C138066E45890DD0F923C_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_08D966AE1F1C138066E45890DD0F923C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_08D966AE1F1C138066E45890DD0F923C_label_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_08D966AE1F1C138066E45890DD0F923C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_08D966AE1F1C138066E45890DD0F923C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestRateLockCommitmentsMember_8EAAE1A526DD8BC621A25890DD1095CA_label_en-US" xlink:label="lab_us-gaap_InterestRateLockCommitmentsMember_8EAAE1A526DD8BC621A25890DD1095CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Lock Commitments [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateLockCommitmentsMember" xlink:label="loc_us-gaap_InterestRateLockCommitmentsMember_8EAAE1A526DD8BC621A25890DD1095CA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateLockCommitmentsMember_8EAAE1A526DD8BC621A25890DD1095CA" xlink:to="lab_us-gaap_InterestRateLockCommitmentsMember_8EAAE1A526DD8BC621A25890DD1095CA" xlink:type="arc" />
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3_terseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Mortgage Backed Securities Trades [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3_label_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Mortgage Backed Securities Trades [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3_documentation_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a forward mortgage backed securities trades.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ForwardMortgageBackedSecuritiesTradesMember" xlink:label="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3" xlink:to="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D31E87A311C831CEA9865890DD1040D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestRateCapMember_DBE64C570BF38F798E885890DD102319_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateCapMember_DBE64C570BF38F798E885890DD102319" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Cap [Member]</link:label>
    <link:label id="lab_us-gaap_InterestRateCapMember_DBE64C570BF38F798E885890DD102319_label_en-US" xlink:label="lab_us-gaap_InterestRateCapMember_DBE64C570BF38F798E885890DD102319" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cap [Member]</link:label>
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    <link:label id="lab_us-gaap_InterestRateSwapMember_B2962798B3BE54321DA05890DD10DFED_label_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember_B2962798B3BE54321DA05890DD10DFED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Swap [Member]</link:label>
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    <link:label id="lab_us-gaap_DerivativeLineItems_ACF41796C53B57E405525890DD100590_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_ACF41796C53B57E405525890DD100590" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</link:label>
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    <link:label id="lab_ocn_DerivativeNotionalBalanceRollForward_E71B62C67BC5852453395890DD10E8F4_terseLabel_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_E71B62C67BC5852453395890DD10E8F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Notional Balance [Roll Forward]</link:label>
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    <link:label id="lab_ocn_DerivativeNotionalBalanceRollForward_E71B62C67BC5852453395890DD10E8F4_documentation_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_E71B62C67BC5852453395890DD10E8F4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Notional Balance [Roll Forward]</link:label>
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    <link:label id="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2_negatedTerseLabel_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2_label_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization Of Derivative</link:label>
    <link:label id="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2_documentation_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount for amortization of derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AmortizationOfDerivative" xlink:label="loc_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2" xlink:to="lab_ocn_AmortizationOfDerivative_8B848D3D2BB7519CE0C85890DD10D6D2" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F_negatedTerseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Maturities</link:label>
    <link:label id="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F_label_en-US" xlink:label="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Maturities</link:label>
    <link:label id="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount for maturities of derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DerivativeMaturities" xlink:label="loc_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F" xlink:to="lab_ocn_DerivativeMaturities_D60EEE40C615D33B148C5890DD10114F" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47_negatedTerseLabel_en-US" xlink:label="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Terminations</link:label>
    <link:label id="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47_label_en-US" xlink:label="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Terminations</link:label>
    <link:label id="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47_documentation_en-US" xlink:label="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount for termination of derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DerivativeTerminations" xlink:label="loc_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47" xlink:to="lab_ocn_DerivativeTerminations_9881BC34BEF4D57B28A95890DD10EE47" xlink:type="arc" />
    <link:label id="lab_invest_DerivativeNotionalAmount_9E777E84FCFAA0D499825890DD10AAEA_periodEndLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_9E777E84FCFAA0D499825890DD10AAEA" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending notional balance</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_9E777E84FCFAA0D499825890DD10AAEA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_9E777E84FCFAA0D499825890DD10AAEA" xlink:to="lab_invest_DerivativeNotionalAmount_9E777E84FCFAA0D499825890DD10AAEA" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of derivative assets (liabilities) at:</link:label>
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F_label_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivative assets (liabilities) at: [Abstract]</link:label>
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F_documentation_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract" xlink:label="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F" xlink:to="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_0A56ADF1BD45ABFA35B45890DD10CA4F" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6_terseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity</link:label>
    <link:label id="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6_label_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Maturity Period</link:label>
    <link:label id="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a maturity period of derivative.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DerivativeMaturityPeriod" xlink:label="loc_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6" xlink:to="lab_ocn_DerivativeMaturityPeriod_E89FCDDB8B5C3EA5FEA75890DD1176C6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Servicing Assets at Fair Value [Table]</link:label>
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5_label_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Servicing Assets at Fair Value [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAssetsAtFairValueTable" xlink:label="loc_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5" xlink:to="lab_us-gaap_ServicingAssetsAtFairValueTable_BFDBC939DC7518113EAF58BBD2D1A4A5" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights - Amortized Costs [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E_label_en-US" xlink:label="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights - Amortized Costs [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights - Amortized Costs [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageServicingRightsAmortizedCostsMember" xlink:label="loc_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E" xlink:to="lab_ocn_MortgageServicingRightsAmortizedCostsMember_8E6D0C4B34F1430F6E8358BBD2D1259E" xlink:type="arc" />
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E_terseLabel_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Axis]</link:label>
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E_label_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E" xlink:to="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis_EC03E2E986897B29383F58BBD2D2DF4E" xlink:type="arc" />
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B_terseLabel_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Domain]</link:label>
    <link:label id="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B_label_en-US" xlink:label="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Types of Debt and Equity Securities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain" xlink:label="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B" xlink:to="lab_us-gaap_MajorTypesOfDebtAndEquitySecuritiesDomain_DB9EE2FA3E1A3F731C1A58BBD2D2FD6B" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37_terseLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HECM [Member]</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37_label_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Equity Conversion Mortgages [Member]</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37_documentation_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents home equity conversion mortgages.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_HomeEquityConversionMortgagesMember" xlink:label="loc_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37" xlink:to="lab_ocn_HomeEquityConversionMortgagesMember_09F9506F811A33D5350C58BBD2D23A37" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Assets at Fair Value [Line Items]</link:label>
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB_label_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Assets at Fair Value [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAssetsAtFairValueLineItems" xlink:label="loc_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB" xlink:to="lab_us-gaap_ServicingAssetsAtFairValueLineItems_EB733276D9AC675BE3EC58BBD2D22BBB" xlink:type="arc" />
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B_terseLabel_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average period to securitization</link:label>
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B_label_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average Period to Securitization</link:label>
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B_documentation_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Average Period to Securitization</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AveragePeriodtoSecuritization" xlink:label="loc_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B" xlink:to="lab_ocn_AveragePeriodtoSecuritization_9D58A2AE9D7B03A0277B58BBD2D2470B" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD_label_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Assets at Amortized Cost, Additions Recognized from Securitization Trusts Related To Transfers Accounted For As Sales</link:label>
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD_documentation_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Assets at Amortized Cost, Additions Recognized from Securitization Trusts Related To Transfers Accounted For As Sales</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales" xlink:label="loc_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD" xlink:to="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_28D7287F83ED222E25DE58BBD2D233BD" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of loan transferred through securitization 60 days or more past due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C_label_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C_documentation_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of loan transferred through securitization 60 days or more past due.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue" xlink:label="loc_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C" xlink:to="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_356F3A3036579FF8177758BBD2D2A86C" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charge-offs, net of recoveries associated with transferred loans</link:label>
    <link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F_label_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Loan and Lease Losses Write-offs, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_AC734AAA0E3D3F4B261B58BBD2D2440F" xlink:type="arc" />
    <link:label id="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA_terseLabel_en-US" xlink:label="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Secured borrowings</link:label>
    <link:label id="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA_label_en-US" xlink:label="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Borrowings With Pledge Of Collateral</link:label>
    <link:label id="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA_documentation_en-US" xlink:label="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of secured borrowings recognized in the transferor's statement of financial position at the end of the period presented that are associated with the transfers of reverse mortgages where the transfers are accounted for as a financing.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_SecuredBorrowingsWithPledgeOfCollateral" xlink:label="loc_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA" xlink:to="lab_ocn_SecuredBorrowingsWithPledgeOfCollateral_C1FB746DF7A625BA01D058BBD2D36ADA" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208_terseLabel_en-US" xlink:label="lab_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans pledged as collateral</link:label>
    <link:label id="lab_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208_label_en-US" xlink:label="lab_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Pledged as Collateral</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansPledgedAsCollateral" xlink:label="loc_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208" xlink:to="lab_us-gaap_LoansPledgedAsCollateral_D23B99553F2605F24C8158BBD2D33208" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41" xlink:to="lab_us-gaap_IncomeStatementLocationAxis_3FB8BD56054E23C0618E5890DCF46A41" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:label id="lab_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D" xlink:to="lab_us-gaap_IncomeStatementLocationDomain_D7281A9E51F1CACF01615890DCF4948D" xlink:type="arc" />
    <link:label id="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB_terseLabel_en-US" xlink:label="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Net [Member]</link:label>
    <link:label id="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB_label_en-US" xlink:label="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Net [Member]</link:label>
    <link:label id="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB_documentation_en-US" xlink:label="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other net not defined elsewhere.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherNetMember" xlink:label="loc_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB" xlink:to="lab_ocn_OtherNetMember_54549F3EC98EA5A9A3C45890DCF46AFB" xlink:type="arc" />
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592_terseLabel_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale Net [Member]</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592_label_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale Net [Member]</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592_documentation_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents gain on loans held for sale, net.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_GainOnLoansHeldForSaleNetMember" xlink:label="loc_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592" xlink:to="lab_ocn_GainOnLoansHeldForSaleNetMember_1009F62124E9736ECBA15890DCF47592" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, by Nature [Axis]</link:label>
    <link:label id="lab_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431_label_en-US" xlink:label="lab_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, by Nature [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeByNatureAxis" xlink:label="loc_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431" xlink:to="lab_us-gaap_DerivativeByNatureAxis_B14D1FFE738009DF12375890DCF42431" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68_label_en-US" xlink:label="lab_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeNameDomain" xlink:label="loc_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68" xlink:to="lab_us-gaap_DerivativeNameDomain_C282345173C5281458B15890DCF5DF68" xlink:type="arc" />
    <link:label id="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D_terseLabel_en-US" xlink:label="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward MBS Trades [Member]</link:label>
    <link:label id="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D_label_en-US" xlink:label="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward MBS Trades [Member]</link:label>
    <link:label id="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D_documentation_en-US" xlink:label="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ForwardMBSTradesMember" xlink:label="loc_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D" xlink:to="lab_ocn_ForwardMBSTradesMember_5BDA864D90055AFDEE795890DCF5FA3D" xlink:type="arc" />
    <link:label id="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A_terseLabel_en-US" xlink:label="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IRLCs [Member]</link:label>
    <link:label id="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A_label_en-US" xlink:label="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IRLC [Member]</link:label>
    <link:label id="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A_documentation_en-US" xlink:label="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IRLCMember" xlink:label="loc_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A" xlink:to="lab_ocn_IRLCMember_6B7D07F61F8148540FA15890DCF5E18A" xlink:type="arc" />
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    <link:label id="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_074659ACA1DF7F6E4BFE592B76839E65_documentation_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_074659ACA1DF7F6E4BFE592B76839E65" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Financing Costs, Float Earnings</link:label>
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    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_B27E5C49B60B863F4891595F948E1A07_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_B27E5C49B60B863F4891595F948E1A07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value input, interest rate</link:label>
    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_B27E5C49B60B863F4891595F948E1A07_label_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_B27E5C49B60B863F4891595F948E1A07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Basis Spread On Variable Rate</link:label>
    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_B27E5C49B60B863F4891595F948E1A07_documentation_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_B27E5C49B60B863F4891595F948E1A07" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fair value inputs basis spread on advance borrowings.</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="loc_us-gaap_FairValueInputsDiscountRate_B5F8CAFCCD0180F65FFB592B76833E47" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average cost to service (in dollars)</link:label>
    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8_label_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Weighted Average Cost To Service</link:label>
    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8_documentation_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value inputs, weighted average cost to service (in dollars).</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FairValueInputsWeightedAverageCostToService" xlink:label="loc_ocn_FairValueInputsWeightedAverageCostToService_6F15248CD105E4552EA8592B768358D8" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA_terseLabel_en-US" xlink:label="lab_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances [Roll Forward]</link:label>
    <link:label id="lab_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA_label_en-US" xlink:label="lab_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances [Roll Forward]</link:label>
    <link:label id="lab_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA_documentation_en-US" xlink:label="lab_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances [Roll Forward]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancesRollForward" xlink:label="loc_ocn_AdvancesRollForward_3534AE47FE7BA9C440A158BBD26358DA" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_66ED564A50D46EC485F058BBD263420F_periodStartLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_66ED564A50D46EC485F058BBD263420F" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_66ED564A50D46EC485F058BBD263420F_documentation_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_66ED564A50D46EC485F058BBD263420F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total advance payments made by financial institutions on behalf of borrowers in a servicing relationship.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancesPaymentsOnBehalfOfByBorrower" xlink:label="loc_ocn_AdvancesPaymentsOnBehalfOfByBorrower_66ED564A50D46EC485F058BBD263420F" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87_terseLabel_en-US" xlink:label="lab_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87_label_en-US" xlink:label="lab_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Payments on Behalf of Borrower, Acquired During the Period</link:label>
    <link:label id="lab_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87_documentation_en-US" xlink:label="lab_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance Payments on Behalf of Borrower, Acquired During the Period</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod" xlink:label="loc_ocn_AdvancePaymentsonBehalfofBorrowerAcquiredDuringthePeriod_E7881A60FB8394607F9A58BBD2639D87" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancePaymentsonBehalfofBorrowersTransferred_0B1DD3D406D0197B4CEC58BBD263B948_negatedTerseLabel_en-US" xlink:label="lab_ocn_AdvancePaymentsonBehalfofBorrowersTransferred_0B1DD3D406D0197B4CEC58BBD263B948" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to match funded advances</link:label>
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancePaymentsonBehalfofBorrowersTransferred" xlink:label="loc_ocn_AdvancePaymentsonBehalfofBorrowersTransferred_0B1DD3D406D0197B4CEC58BBD263B948" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505_negatedLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Sales of advances</link:label>
    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505_label_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances Payments on Behalf of Borrower, Sales</link:label>
    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505_documentation_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances Payments on Behalf of Borrower, Sales</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancesPaymentsonBehalfofBorrowerSales" xlink:label="loc_ocn_AdvancesPaymentsonBehalfofBorrowerSales_DDC350489F7D448177ED58BBD2634505" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofBorrowersAdditions_08E0D4BC9A4613AFFC2558BBD263EC8B_terseLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofBorrowersAdditions_08E0D4BC9A4613AFFC2558BBD263EC8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New advances (collections of advances), net and other</link:label>
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancesPaymentsonBehalfofBorrowersAdditions" xlink:label="loc_ocn_AdvancesPaymentsonBehalfofBorrowersAdditions_08E0D4BC9A4613AFFC2558BBD263EC8B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditMember_218349972EEB6B03B7E158BBD273E048_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_218349972EEB6B03B7E158BBD273E048" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_218349972EEB6B03B7E158BBD273E048" xlink:type="locator" />
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    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50_terseLabel_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Delinquent FHA Insured Loans [Member]</link:label>
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50_label_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Delinquent FHA Insured Loans [Member]</link:label>
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50_documentation_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Delinquent FHA insured loans.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DelinquentFHAInsuredLoansMember" xlink:label="loc_ocn_DelinquentFHAInsuredLoansMember_61B5D446ED482A11631E58BBD2739F50" xlink:type="locator" />
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    <link:label id="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB_terseLabel_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FHA Buyout Loans [Member]</link:label>
    <link:label id="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB_label_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FHA Buyout Loans [Member]</link:label>
    <link:label id="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB_documentation_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">FHA Buyout Loans [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FHABuyoutLoansMember" xlink:label="loc_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB" xlink:to="lab_ocn_FHABuyoutLoansMember_366A827690F0BF6FA0CC58BBD273B6FB" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333_terseLabel_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Advances [Member]</link:label>
    <link:label id="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333_label_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Advances [Member]</link:label>
    <link:label id="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333_documentation_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Advances [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingAdvancesMember" xlink:label="loc_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333" xlink:to="lab_ocn_ServicingAdvancesMember_C685B4BB4EA23BA9622858BBD273C333" xlink:type="arc" />
    <link:label id="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B_terseLabel_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrelated Party [Member]</link:label>
    <link:label id="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B_label_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrelated Party [Member]</link:label>
    <link:label id="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B_documentation_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unrelated party.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_UnrelatedPartyMember" xlink:label="loc_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B" xlink:to="lab_ocn_UnrelatedPartyMember_85E8FE386BCFCAE56D8A58BBD273952B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collateral</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Collateral Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251" xlink:to="lab_us-gaap_DebtInstrumentCollateralAmount_2FC874D4C90D4C4A5C3D58BBD2747251" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B_label_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Sale, Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B_documentation_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held for Sale, Unpaid Principal Balance</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoansHeldforSaleUnpaidPrincipalBalance" xlink:label="loc_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B" xlink:to="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_309844F5117A7D6ECF0258BBD2742E9B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of loans held-for-sale</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837" xlink:to="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4B4B189BF950CAA5151258BBD2740837" xlink:type="arc" />
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2_terseLabel_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on loans held for sale, net</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2_label_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale Net</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2_documentation_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale Net</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_GainOnLoansHeldForSaleNet" xlink:label="loc_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2" xlink:to="lab_ocn_GainOnLoansHeldForSaleNet_530A9FF168FACE79BBE058BBD27446D2" xlink:type="arc" />
    <link:label id="lab_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339_terseLabel_en-US" xlink:label="lab_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sales of reverse mortgage loans</link:label>
    <link:label id="lab_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339_label_en-US" xlink:label="lab_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on Sales of Reverse Mortgage Loans</link:label>
    <link:label id="lab_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339_documentation_en-US" xlink:label="lab_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain on Sales of Reverse Mortgage Loans</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_GainonSalesofReverseMortgageLoans" xlink:label="loc_ocn_GainonSalesofReverseMortgageLoans_F2D113A883FA7407F09558BBD274C339" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings</link:label>
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0" xlink:to="lab_us-gaap_DebtDisclosureTextBlock_0105B125F0C0B3C4C7E4624519F3A3D0" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8_terseLabel_en-US" xlink:label="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8_label_en-US" xlink:label="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Payments by Borrowers for Taxes and Insurance Summary [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary" xlink:label="loc_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8" xlink:to="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_E937127579DA3CCB41F562451AED65D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Receivables</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:label="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6" xlink:to="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_C40C21FF57FA951A3313624519C5E2F6" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Servicing and Subservicing Portfolio [Table]</link:label>
    <link:label id="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A_label_en-US" xlink:label="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Servicing and Subservicing Portfolio [Table]</link:label>
    <link:label id="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A_documentation_en-US" xlink:label="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Servicing and Subservicing Portfolio [Table]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ScheduleofServicingandSubservicingPortfolioTable" xlink:label="loc_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A" xlink:to="lab_ocn_ScheduleofServicingandSubservicingPortfolioTable_C2B6FC49EFBA44B9E9E358F74C393E6A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commercial [Member]</link:label>
    <link:label id="lab_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB_label_en-US" xlink:label="lab_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commercial Real Estate [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_CommercialRealEstateMember" xlink:label="loc_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB" xlink:to="lab_us-gaap_CommercialRealEstateMember_B99DDA1F94438D125BD158F74C3A41BB" xlink:type="arc" />
    <link:label id="lab_ocn_TotalMember_BEE734B06D3A61A2E32958F74C3A882D_terseLabel_en-US" xlink:label="lab_ocn_TotalMember_BEE734B06D3A61A2E32958F74C3A882D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total [Member]</link:label>
    <link:label id="lab_ocn_TotalMember_BEE734B06D3A61A2E32958F74C3A882D_label_en-US" xlink:label="lab_ocn_TotalMember_BEE734B06D3A61A2E32958F74C3A882D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total [Member]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member_8240D4E0B58FE355BF7D58BBD2BACD9B" xlink:to="lab_us-gaap_FairValueInputsLevel1Member_8240D4E0B58FE355BF7D58BBD2BACD9B" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802" xlink:to="lab_us-gaap_FairValueInputsLevel2Member_3A20FA2D76EBD709BA1F58BBD2BA9802" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 3 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711" xlink:to="lab_us-gaap_FairValueInputsLevel3Member_8B716E9A3458AEC23D7458BBD2BA2711" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092_terseLabel_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets:</link:label>
    <link:label id="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092_label_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets [Abstract]</link:label>
    <link:label id="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092_documentation_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FinancialAssetsAbstract" xlink:label="loc_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092" xlink:to="lab_ocn_FinancialAssetsAbstract_FA033794CE30A901FAA258BBD2BA4092" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale:</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale At Fair Value [Abstract]</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoansHeldForSaleAtFairValueAbstract" xlink:label="loc_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A" xlink:to="lab_ocn_LoansHeldForSaleAtFairValueAbstract_025DF89B883AC8B7D6AA58BBD2BADC2A" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at lower of cost or fair value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale At Lower Cost Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents loans held-for-sale at lower cost of fair value as presented on the statement of financial position which may include mortgage loans held-for-sale, finance receivables held-for-sale, or any other loans classified as held-for-sale which are due the Company as of the balance sheet date.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure" xlink:label="loc_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434" xlink:to="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_376CD201B092943B3E4558BBD2BB9434" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Loans held for sale</link:label>
    <link:label id="lab_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held-for-sale, Mortgages</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansHeldForSaleMortgages" xlink:label="loc_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A" xlink:to="lab_us-gaap_LoansHeldForSaleMortgages_4B456648CEE0A1A76BF458BBD2BBB42A" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment - Reverse mortgages, at fair value</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7_label_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Investment, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7_documentation_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held for Investment, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoansHeldforInvestmentFairValueDisclosure" xlink:label="loc_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7" xlink:to="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_AABB669BAD0C94077F9958BBD2BB39B7" xlink:type="arc" />
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances and match funded advances</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances and Match Funded Advances Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents advances and match funded advances.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure" xlink:label="loc_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366" xlink:to="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_93A6B714D51DB73CF6C458BBD2BBC366" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD_label_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD" xlink:to="lab_us-gaap_ReceivablesFairValueDisclosure_927C1DB95EB59D86398758BBD2BB08BD" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage-backed securities, at fair value</link:label>
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66_label_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage-backed Securities Available-for-sale, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure" xlink:label="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66" xlink:to="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E58834C897735CB6A3BF58BBD2BB1E66" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63_terseLabel_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities:</link:label>
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63_label_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Liabilities [Abstract]</link:label>
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63_documentation_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FinancialLiabilitiesAbstract" xlink:label="loc_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63" xlink:to="lab_ocn_FinancialLiabilitiesAbstract_7A62571C3824D6B0515158BBD2BB6D63" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match funded liabilities</link:label>
    <link:label id="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9_label_en-US" xlink:label="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Liabilities</link:label>
    <link:label id="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9_documentation_en-US" xlink:label="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount of liabilities associated with accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MatchFundedLiabilities" xlink:label="loc_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9" xlink:to="lab_ocn_MatchFundedLiabilities_A8668C6762089CCD8B5858BBD2BBD3D9" xlink:type="arc" />
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing liabilities:</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1_label_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Liabilities [Abstract]</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Liabilities [Abstract]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FinancingLiabilitiesAbstract" xlink:label="loc_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1" xlink:to="lab_ocn_FinancingLiabilitiesAbstract_9C980E3D981D7AE4EAD758BBD2BB23A1" xlink:type="arc" />
    <link:label id="lab_ocn_HMBSBorrowingsFairValueDisclosure_994C288D1C7DAA99BBCC58BBD2BB9F84_terseLabel_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_994C288D1C7DAA99BBCC58BBD2BB9F84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HMBS-related borrowings, at fair value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_HMBSBorrowingsFairValueDisclosure" xlink:label="loc_ocn_HMBSBorrowingsFairValueDisclosure_994C288D1C7DAA99BBCC58BBD2BB9F84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HMBSBorrowingsFairValueDisclosure_994C288D1C7DAA99BBCC58BBD2BB9F84" xlink:to="lab_ocn_HMBSBorrowingsFairValueDisclosure_994C288D1C7DAA99BBCC58BBD2BB9F84" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing liability - MSRs pledged</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA_label_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights, Pledged, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA_documentation_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights, Pledged, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageServiceRightsPledgedFairValueDisclosure" xlink:label="loc_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA" xlink:to="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_A4BD3E04A433BBBD288358BBD2BBE5FA" xlink:type="arc" />
    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F_terseLabel_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F_label_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Financing Liabilities, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F_documentation_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financing Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherFinancingLiabilitiesFairValueDisclosure" xlink:label="loc_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F" xlink:to="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_BFD7B1B37F55B169CBCD58BBD2BBD58F" xlink:type="arc" />
    <link:label id="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Financing liabilities</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D_label_en-US" xlink:label="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Liabilities, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FinancingLiabilitiesFairValueDisclosure" xlink:label="loc_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D" xlink:to="lab_ocn_FinancingLiabilitiesFairValueDisclosure_E4608C036E045CBA09D958BBD2BB4B3D" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other secured borrowings:</link:label>
    <link:label id="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959_label_en-US" xlink:label="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract" xlink:label="loc_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959" xlink:to="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_9AE7230AEEAD18F2CC1258BBD2BB5959" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior secured term loan</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1_label_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fair value disclosure of senior secured term loan.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_SeniorSecuredTermLoanFairValueDisclosure" xlink:label="loc_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1" xlink:to="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_8BDDF5548E359BCFE13258BBD2BB6EE1" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherLiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20" xlink:to="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_C59A048BC272E387C8CC58BBD2BB7C20" xlink:type="arc" />
    <link:label id="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F_terseLabel_en-US" xlink:label="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Other secured borrowings</link:label>
    <link:label id="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F_label_en-US" xlink:label="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Borrowings Including Secured Borrowings</link:label>
    <link:label id="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F_documentation_en-US" xlink:label="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of other borrowings including secured borrowings.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherBorrowingsIncludingSecuredBorrowings" xlink:label="loc_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F" xlink:to="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_80BF2EFEAA48156F7C0A58BBD2BB255F" xlink:type="arc" />
    <link:label id="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394_terseLabel_en-US" xlink:label="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior unsecured notes</link:label>
    <link:label id="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394_label_en-US" xlink:label="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394_documentation_en-US" xlink:label="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecured Debt, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_UnsecuredDebtFairValueDisclosure" xlink:label="loc_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394" xlink:to="lab_ocn_UnsecuredDebtFairValueDisclosure_FADA03B6F0253AD349F458BBD2BB3394" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3_terseLabel_en-US" xlink:label="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments assets (liabilities):</link:label>
    <link:label id="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3_label_en-US" xlink:label="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial instruments (1): [Abstract]</link:label>
    <link:label id="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3_documentation_en-US" xlink:label="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DerivativeFinancialInstruments1Abstract" xlink:label="loc_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3" xlink:to="lab_ocn_DerivativeFinancialInstruments1Abstract_B3646E32D61833F5683558BBD2BBD7B3" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Lock Commitments (IRLCs)</link:label>
    <link:label id="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2_label_en-US" xlink:label="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Derivative Assets, at Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InterestRateDerivativeAssetsAtFairValue" xlink:label="loc_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2" xlink:to="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_AC5C6F63418E230AE74658BBD2BB8CE2" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Forward MBS trades</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC" xlink:to="lab_us-gaap_DerivativeLiabilities_A79A658536FFA5E173AA58BBD2BCD5FC" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate caps</link:label>
    <link:label id="lab_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76_label_en-US" xlink:label="lab_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76" xlink:to="lab_us-gaap_DerivativeAssets_1221A5358BFB1A93F91C58BBD2BC1F76" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServiceRightsAbstract_AB44D81C83F7EF38ECD058BBD2BCD227_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsAbstract_AB44D81C83F7EF38ECD058BBD2BCD227" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs:</link:label>
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    <link:label id="lab_ocn_HomewardAcquisitionMember_2E1AF634AD39BBFFCEC658F74C1FF2FC_label_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_2E1AF634AD39BBFFCEC658F74C1FF2FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Homeward Acquisition [Member]</link:label>
    <link:label id="lab_ocn_HomewardAcquisitionMember_2E1AF634AD39BBFFCEC658F74C1FF2FC_documentation_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_2E1AF634AD39BBFFCEC658F74C1FF2FC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents information about Homeward acquisitions.</link:label>
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    <link:label id="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542_negatedLabel_en-US" xlink:label="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Servicing receivables, allowance for losses</link:label>
    <link:label id="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542_label_en-US" xlink:label="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivables, Allowance For Losses</link:label>
    <link:label id="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542_documentation_en-US" xlink:label="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivables, Allowance For Losses</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingReceivablesAllowanceForLosses" xlink:label="loc_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542" xlink:to="lab_ocn_ServicingReceivablesAllowanceForLosses_FA46BC0B16BCE5C69B9658F74C1FC542" xlink:type="arc" />
    <link:label id="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9_terseLabel_en-US" xlink:label="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for losses related to FHA or VA insured loans</link:label>
    <link:label id="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9_label_en-US" xlink:label="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Losses Related To FHA Or VA Insured Loans</link:label>
    <link:label id="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9_documentation_en-US" xlink:label="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance For Losses Related To FHA Or VA Insured Loans</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans" xlink:label="loc_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_FC6C5DB780D7EEAF8A2358F74C1F07B9" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables, probable losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B_label_en-US" xlink:label="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables, Probable Losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Receivables, Probable Losses</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherReceivablesProbableLosses" xlink:label="loc_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B" xlink:to="lab_ocn_OtherReceivablesProbableLosses_F92E41B2B98C2B6E509258F74C1FA02B" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification claims received in cash</link:label>
    <link:label id="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65_label_en-US" xlink:label="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Receivable, Receipts</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts" xlink:label="loc_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65" xlink:to="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_E28643243A685502A83958F74C1F6E65" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796_verboseLabel_en-US" xlink:label="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Servicing revenue, reimbursement payable</link:label>
    <link:label id="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796_label_en-US" xlink:label="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Revenue, Reimbursement Payable</link:label>
    <link:label id="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796_documentation_en-US" xlink:label="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Revenue, Reimbursement Payable</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingRevenueReimbursementPayable" xlink:label="loc_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796" xlink:to="lab_ocn_ServicingRevenueReimbursementPayable_AA2E756862FDAEC35ACA58D8BC85A796" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) attributable to derivatives</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Derivatives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_GainLossOnSaleOfDerivatives" xlink:label="loc_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9" xlink:to="lab_us-gaap_GainLossOnSaleOfDerivatives_7A0701F907BAC3370E1F58D8BC85BDC9" xlink:type="arc" />
    <link:label id="lab_ocn_OASISSeries20141Member_9522D3E6FB8A0620810058F74BF6317B_verboseLabel_en-US" xlink:label="lab_ocn_OASISSeries20141Member_9522D3E6FB8A0620810058F74BF6317B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">OASIS Series 2014-1 [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OASISSeries20141Member" xlink:label="loc_ocn_OASISSeries20141Member_9522D3E6FB8A0620810058F74BF6317B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OASISSeries20141Member_9522D3E6FB8A0620810058F74BF6317B" xlink:to="lab_ocn_OASISSeries20141Member_9522D3E6FB8A0620810058F74BF6317B" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis spread on UPB</link:label>
    <link:label id="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC_label_en-US" xlink:label="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Unpaid Principal Balance</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance" xlink:label="loc_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC" xlink:to="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_72E32B85D654B4A0187658F74BF698BC" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Losses on economic hedges</link:label>
    <link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303" xlink:to="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_9F2D301D3719356BA0125923F5365303" xlink:type="arc" />
    <link:label id="lab_us-gaap_AmortizationOfDeferredHedgeGains_69F0BFA13A0997E544345923F5366B2C_negatedLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfDeferredHedgeGains_69F0BFA13A0997E544345923F5366B2C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Write-off of losses in AOCL for a discontinued hedge relationship</link:label>
    <link:label id="lab_us-gaap_AmortizationOfDeferredHedgeGains_69F0BFA13A0997E544345923F5366B2C_label_en-US" xlink:label="lab_us-gaap_AmortizationOfDeferredHedgeGains_69F0BFA13A0997E544345923F5366B2C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of Deferred Hedge Gains</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AmortizationOfDeferredHedgeGains" xlink:label="loc_us-gaap_AmortizationOfDeferredHedgeGains_69F0BFA13A0997E544345923F5366B2C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loss on derivatives</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF" xlink:to="lab_us-gaap_DerivativeGainLossOnDerivativeNet_8FBBEA086B62B39F0B745923F536E8EF" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyDisclosures_4F706D04677538E622274D6E8349F22C_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyDisclosures_4F706D04677538E622274D6E8349F22C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingencies</link:label>
    <link:label id="lab_us-gaap_LossContingencyDisclosures_4F706D04677538E622274D6E8349F22C_label_en-US" xlink:label="lab_us-gaap_LossContingencyDisclosures_4F706D04677538E622274D6E8349F22C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingencies Disclosure [Text Block]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Cash_F69039427D60BF9B733358F4FDF64124" xlink:to="lab_us-gaap_Cash_F69039427D60BF9B733358F4FDF64124" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAsset_828579ED58A3A5699EF058F4FDF6C8BC_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset_828579ED58A3A5699EF058F4FDF6C8BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights ($897,797 and $93,901 carried at fair value)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAsset" xlink:label="loc_us-gaap_ServicingAsset_828579ED58A3A5699EF058F4FDF6C8BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAsset_828579ED58A3A5699EF058F4FDF6C8BC" xlink:to="lab_us-gaap_ServicingAsset_828579ED58A3A5699EF058F4FDF6C8BC" xlink:type="arc" />
    <link:label id="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5_terseLabel_en-US" xlink:label="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5_label_en-US" xlink:label="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5_documentation_en-US" xlink:label="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of non-interest-bearing advances made on loans serviced for others. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_Advances" xlink:label="loc_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5" xlink:to="lab_ocn_Advances_1F9AE02B09DACCEED7CB58F4FDF6FCE5" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match funded advances</link:label>
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted for as Secured Borrowings, Assets, Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C1A36E23D2E943E0E6CB58F4FDF6033C" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansHeldForSaleMortgages_1F030EB66B1C1738786F58F4FDF6E247_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMortgages_1F030EB66B1C1738786F58F4FDF6E247" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale ($339,508 and $401,120 carried at fair value)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansHeldForSaleMortgages" xlink:label="loc_us-gaap_LoansHeldForSaleMortgages_1F030EB66B1C1738786F58F4FDF6E247" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleMortgages_1F030EB66B1C1738786F58F4FDF6E247" xlink:to="lab_us-gaap_LoansHeldForSaleMortgages_1F030EB66B1C1738786F58F4FDF6E247" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment - reverse mortgages, at fair value</link:label>
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50_label_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50" xlink:to="lab_us-gaap_LoansReceivableFairValueDisclosure_02BEB8ED9E2429BF8BC958F4FDF61A50" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134_label_en-US" xlink:label="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables Net</link:label>
    <link:label id="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying amount of other receivables, net, due from third parties or arising from transactions not separately disclosed.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherReceivablesNet" xlink:label="loc_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134" xlink:to="lab_ocn_OtherReceivablesNet_B85DB2FDD6319E9DB0A958F4FDF68134" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets, net</link:label>
    <link:label id="lab_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net of Valuation Allowance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E" xlink:to="lab_us-gaap_DeferredTaxAssetsNet_AFCEACD9EB0C1F16043958F4FDF6943E" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment, net</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_F0F43A9C9E9E40B0F16A58F4FDF6DA18" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_FD81B89B4AF79563C93758F4FDF6CBD2_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_FD81B89B4AF79563C93758F4FDF6CBD2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets ($7,701 and $7,355 carried at fair value)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_FD81B89B4AF79563C93758F4FDF6CBD2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_FD81B89B4AF79563C93758F4FDF6CBD2" xlink:to="lab_us-gaap_OtherAssets_FD81B89B4AF79563C93758F4FDF6CBD2" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_190818F6BD2E1C9385AB58F4FDF6583C_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_190818F6BD2E1C9385AB58F4FDF6583C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_190818F6BD2E1C9385AB58F4FDF6583C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_190818F6BD2E1C9385AB58F4FDF6583C" xlink:to="lab_us-gaap_Assets_190818F6BD2E1C9385AB58F4FDF6583C" xlink:type="arc" />
    <link:label id="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80_terseLabel_en-US" xlink:label="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Equity</link:label>
    <link:label id="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80_label_en-US" xlink:label="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities, Mezzanine Equity and Stockholders&#8217; Equity [Abstract]</link:label>
    <link:label id="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80_documentation_en-US" xlink:label="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract" xlink:label="loc_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80" xlink:to="lab_ocn_LiabilitiesMezzanineEquityAndStockholdersEquityAbstract_9E3F63F52C036101A50758F4FDF61C80" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB" xlink:to="lab_us-gaap_LiabilitiesAbstract_9E674D3DD6354807282858F4FDF686AB" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_477126FE6DA5EF1C721458F4FDF6DBD7_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_477126FE6DA5EF1C721458F4FDF6DBD7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financing liabilities ($2,296,892 and $2,058,693 carried at fair value)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_477126FE6DA5EF1C721458F4FDF6DBD7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_477126FE6DA5EF1C721458F4FDF6DBD7" xlink:to="lab_us-gaap_DebtInstrumentCarryingAmount_477126FE6DA5EF1C721458F4FDF6DBD7" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C_verboseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other secured borrowings</link:label>
    <link:label id="lab_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C_label_en-US" xlink:label="lab_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt, Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_SecuredDebtOther" xlink:label="loc_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C" xlink:to="lab_us-gaap_SecuredDebtOther_B4AC962ECA5B81E127BB58F4FDF6456C" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior unsecured notes</link:label>
    <link:label id="lab_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="loc_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE" xlink:to="lab_us-gaap_UnsecuredDebt_BD810AC609416E6C629558F4FDF6AEEE" xlink:type="arc" />
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    <link:label id="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_6B18F5613027D71522BB58F68CDAFFC0_label_en-US" xlink:label="lab_us-gaap_GainsLossesOnExtinguishmentOfDebt_6B18F5613027D71522BB58F68CDAFFC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) on Extinguishment of Debt</link:label>
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    <link:label id="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_D8B2D8CA3F52ABAF746858F68CDA3A5E_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_D8B2D8CA3F52ABAF746858F68CDA3A5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss on valuation of mortgage servicing rights, at fair value</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageServicingRightsMSRImpairmentRecovery" xlink:label="loc_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_D8B2D8CA3F52ABAF746858F68CDA3A5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_D8B2D8CA3F52ABAF746858F68CDA3A5E" xlink:to="lab_us-gaap_MortgageServicingRightsMSRImpairmentRecovery_D8B2D8CA3F52ABAF746858F68CDA3A5E" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_BE65CEFCCA362E78329058F68CDA4358_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_BE65CEFCCA362E78329058F68CDA4358" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Increase in deferred tax assets, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_BE65CEFCCA362E78329058F68CDA4358_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_BE65CEFCCA362E78329058F68CDA4358" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Deferred Income Taxes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="loc_us-gaap_IncreaseDecreaseInDeferredIncomeTaxes_BE65CEFCCA362E78329058F68CDA4358" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensation_15832C4368ADFECCBE1258F68CDAF072_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_15832C4368ADFECCBE1258F68CDAF072" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity-based compensation expense</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_15832C4368ADFECCBE1258F68CDAF072_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_15832C4368ADFECCBE1258F68CDAF072" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation</link:label>
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    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_6FC85D3536FF90B750A158F68CDAB31E_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_6FC85D3536FF90B750A158F68CDAB31E" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination and purchase of loans held for sale</link:label>
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_6FC85D3536FF90B750A158F68CDAB31E_label_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_6FC85D3536FF90B750A158F68CDAB31E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Purchase Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_6FC85D3536FF90B750A158F68CDAB31E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_12B92E6A381756A12C0F58F68CDACA58" xlink:type="locator" />
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    <link:label id="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_FD267356B6FEFEEE513058F68CDADC43_terseLabel_en-US" xlink:label="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_FD267356B6FEFEEE513058F68CDADC43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities:</link:label>
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    <link:label id="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_0BDF1CC6B1FDC822739E58F68CDAD259_negatedTerseLabel_en-US" xlink:label="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_0BDF1CC6B1FDC822739E58F68CDAD259" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in advances and match funded advances</link:label>
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    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_B4319DDE6D29879BFC8758F68CDA6C39_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_B4319DDE6D29879BFC8758F68CDA6C39" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_37B3AC5FBAA64F466A9A58F68CDA028F_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_37B3AC5FBAA64F466A9A58F68CDA028F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_37B3AC5FBAA64F466A9A58F68CDA028F" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_37B3AC5FBAA64F466A9A58F68CDA028F" xlink:type="arc" />
    <link:label id="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49_terseLabel_en-US" xlink:label="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</link:label>
    <link:label id="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49_label_en-US" xlink:label="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities [Abstract]</link:label>
    <link:label id="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49_documentation_en-US" xlink:label="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_CashFlowsFromInvestingActivitiesAbstract" xlink:label="loc_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49" xlink:to="lab_ocn_CashFlowsFromInvestingActivitiesAbstract_C489E2456CE140D17C0758F68CDAAB49" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid to acquire business</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6" xlink:to="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_ADD538648828EF99C42958F68CDA33E6" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of mortgage servicing rights, net</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Mortgage Servicing Rights (MSR)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireMortgageServicingRightsMSR" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94" xlink:to="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_21B37ADDA6584A3C81E858F68CDA9E94" xlink:type="arc" />
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B_negatedLabel_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of advances in connection with the purchase of mortgage servicing rights</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B_label_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments To Acquire Advances In Connection With Purchase Of Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B_documentation_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow to obtain non-interest bearing advances made on loans serviced for others and other related assets.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights" xlink:label="loc_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B" xlink:to="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_92485E0CA906A2F2F2C258F68CDA7E3B" xlink:type="arc" />
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599_negatedTerseLabel_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of advances in connection with the purchase of loans</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599_label_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments To Acquire Advances In Connection With Purchase Of Loans</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599_documentation_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments To Acquire Advances In Connection With Purchase Of Loans</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans" xlink:label="loc_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599" xlink:to="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_33D298871EC4EE828E0558F68CDBF599" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances and match funded advances</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Short-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:label="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06" xlink:to="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_D1CFA1C189ABDCE508E358F68CDB4B06" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_28C473A9DE89B32CE6CA58F68CDBD08E_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_28C473A9DE89B32CE6CA58F68CDBD08E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of mortgage servicing rights</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_28C473A9DE89B32CE6CA58F68CDBD08E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_28C473A9DE89B32CE6CA58F68CDBD08E" xlink:to="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_28C473A9DE89B32CE6CA58F68CDBD08E" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination of loans held for investment &#8211; reverse mortgages</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Loans Held-for-investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquireLoansHeldForInvestment" xlink:label="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E" xlink:to="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_ECFF83DFBF26F5C9C62258F68CDB7A5E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal payments received on loans held for investment - reverse mortgages</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Principal Repayments on Loans and Leases Held-for-investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323" xlink:to="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_8C6C07D8F75140952A6058F68CDBB323" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions to premises and equipment</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981" xlink:to="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_0EDA85BCFB0E37460CD958F68CDBF981" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45" xlink:to="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_791421D74F9277845BF958F68CDB1D45" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_ABDC708AFC01531465D758F68CDBF7DF" xlink:type="arc" />
    <link:label id="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67_terseLabel_en-US" xlink:label="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities</link:label>
    <link:label id="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67_label_en-US" xlink:label="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities [Abstract]</link:label>
    <link:label id="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67_documentation_en-US" xlink:label="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_CashFlowsFromFinancingActivitiesAbstract" xlink:label="loc_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67" xlink:to="lab_ocn_CashFlowsFromFinancingActivitiesAbstract_F450AD11904A677E124958F68CDB1F67" xlink:type="arc" />
    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_2DD1B5EA16257BC41F6658F68CDBFE63_negatedLabel_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_2DD1B5EA16257BC41F6658F68CDBFE63" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of match funded liabilities</link:label>
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    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_2DD1B5EA16257BC41F6658F68CDBFE63_documentation_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_2DD1B5EA16257BC41F6658F68CDBFE63" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net cash inflow (outflow) from debt issuances and repayments associated with advances transferred to special purpose entities in transactions accounted for as secured borrowings.</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_BDC50B30E03E6809B42B58F68CDB03E9_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_BDC50B30E03E6809B42B58F68CDB03E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from other secured borrowings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_BDC50B30E03E6809B42B58F68CDB03E9_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_BDC50B30E03E6809B42B58F68CDB03E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Lines of Credit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_BDC50B30E03E6809B42B58F68CDB03E9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RepaymentsOfLinesOfCredit_B209901A78AE88B99F2658F68CDB8B25_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfLinesOfCredit_B209901A78AE88B99F2658F68CDB8B25" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayments of other secured borrowings</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfLinesOfCredit_B209901A78AE88B99F2658F68CDB8B25_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfLinesOfCredit_B209901A78AE88B99F2658F68CDB8B25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Lines of Credit</link:label>
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    <link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_35824C872CF87DCD710D58F68CDB30EF_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_35824C872CF87DCD710D58F68CDB30EF" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment of debt issuance costs</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_35824C872CF87DCD710D58F68CDB30EF_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_35824C872CF87DCD710D58F68CDB30EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Debt Issuance Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfDebtIssuanceCosts_35824C872CF87DCD710D58F68CDB30EF" xlink:type="locator" />
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    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of mortgage servicing rights accounted for as a financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing" xlink:label="loc_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52" xlink:to="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_5263A9DE3A7C9CF4C44658F68CDB2F52" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of loans accounted for as a financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Loans Accounted For As Financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Loans Accounted For As Financing</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing" xlink:label="loc_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29" xlink:to="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_A8C7F8075A9E8E9805EF58F68CDBEE29" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances accounted for as a financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale of Advances</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale of Advances</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ProceedsFromSaleofAdvances" xlink:label="loc_ocn_ProceedsFromSaleofAdvances_264108408B838481B65C58F68CDBBC17" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_3F836C6D65CE592A172C58F68CDBE4ED_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_3F836C6D65CE592A172C58F68CDBE4ED" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common stock</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_3F836C6D65CE592A172C58F68CDBE4ED_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_3F836C6D65CE592A172C58F68CDBE4ED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Common Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_3F836C6D65CE592A172C58F68CDBE4ED" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment of preferred stock dividends</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Ordinary Dividends, Preferred Stock and Preference Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="loc_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12" xlink:to="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_8D8AA2D929D5E0C118B958F68CDB4F12" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromStockOptionsExercised_26E265043013B21F2CA958F68CDB58AA_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromStockOptionsExercised_26E265043013B21F2CA958F68CDB58AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from exercise of common stock options</link:label>
    <link:label id="lab_us-gaap_ProceedsFromStockOptionsExercised_26E265043013B21F2CA958F68CDB58AA_label_en-US" xlink:label="lab_us-gaap_ProceedsFromStockOptionsExercised_26E265043013B21F2CA958F68CDB58AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Stock Options Exercised</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_26E265043013B21F2CA958F68CDB58AA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_02BED953C1039D85943B58F68CDBA437_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_02BED953C1039D85943B58F68CDBA437" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_02BED953C1039D85943B58F68CDBA437_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_02BED953C1039D85943B58F68CDBA437" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Payments for) Other Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_02BED953C1039D85943B58F68CDBA437" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_EE901A7D9D09777A54E658F68CDBEE59_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_EE901A7D9D09777A54E658F68CDBEE59" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash (used in) provided by financing activities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_EE901A7D9D09777A54E658F68CDBEE59" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashPeriodIncreaseDecrease_F93DACCB28FEC2ABA87D58F68CDB3D01_totalLabel_en-US" xlink:label="lab_us-gaap_CashPeriodIncreaseDecrease_F93DACCB28FEC2ABA87D58F68CDB3D01" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase in cash</link:label>
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    <link:label id="lab_us-gaap_Cash_B7CA4F8D358AA858D1F358F68CDB8E20_periodStartLabel_en-US" xlink:label="lab_us-gaap_Cash_B7CA4F8D358AA858D1F358F68CDB8E20" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash at beginning of year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Cash" xlink:label="loc_us-gaap_Cash_B7CA4F8D358AA858D1F358F68CDB8E20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Cash_B7CA4F8D358AA858D1F358F68CDB8E20" xlink:to="lab_us-gaap_Cash_B7CA4F8D358AA858D1F358F68CDB8E20" xlink:type="arc" />
    <link:label id="lab_us-gaap_Cash_3817D216A8445E5299B458F68CDBE7E4_periodEndLabel_en-US" xlink:label="lab_us-gaap_Cash_3817D216A8445E5299B458F68CDBE7E4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash at end of period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_Cash" xlink:label="loc_us-gaap_Cash_3817D216A8445E5299B458F68CDBE7E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Cash_3817D216A8445E5299B458F68CDBE7E4" xlink:to="lab_us-gaap_Cash_3817D216A8445E5299B458F68CDBE7E4" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_E207883B9BFBA98A4F0858F68CDBDC1D_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_E207883B9BFBA98A4F0858F68CDBDC1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental non-cash investing and financing activities</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_E207883B9BFBA98A4F0858F68CDBDC1D_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_E207883B9BFBA98A4F0858F68CDBDC1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Net Nonmonetary Assets Acquired (Liabilities Assumed) [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedAbstract_E207883B9BFBA98A4F0858F68CDBDC1D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_C93C71315B9B15A8B65758F68CDB02C4_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_C93C71315B9B15A8B65758F68CDB02C4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer of loans held for sale to loans held for investment</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_C93C71315B9B15A8B65758F68CDB02C4_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_C93C71315B9B15A8B65758F68CDB02C4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Mortgage Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale" xlink:label="loc_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_C93C71315B9B15A8B65758F68CDB02C4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent loan repurchase liability</link:label>
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6_label_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets Sold under Agreements to Repurchase, Repurchase Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6" xlink:to="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_1E71040BEA447B6E7F1158F74BDB59A6" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_686C7B399BBE0AD1D8EB58F74BDBD328_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_686C7B399BBE0AD1D8EB58F74BDBD328" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_686C7B399BBE0AD1D8EB58F74BDBD328_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_686C7B399BBE0AD1D8EB58F74BDBD328" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_686C7B399BBE0AD1D8EB58F74BDBD328" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationObligationsLiability_7A08C3D1ECA8B48FB22F58F74BDB3121_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_7A08C3D1ECA8B48FB22F58F74BDB3121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for indemnification obligations</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_7A08C3D1ECA8B48FB22F58F74BDB3121" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DueToRelatedPartiesCurrent_A64D30F8B6D1DCB1146858F74BDB13A6_terseLabel_en-US" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrent_A64D30F8B6D1DCB1146858F74BDB13A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to related parties</link:label>
    <link:label id="lab_us-gaap_DueToRelatedPartiesCurrent_A64D30F8B6D1DCB1146858F74BDB13A6_label_en-US" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrent_A64D30F8B6D1DCB1146858F74BDB13A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due to Related Parties, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="loc_us-gaap_DueToRelatedPartiesCurrent_A64D30F8B6D1DCB1146858F74BDB13A6" xlink:type="locator" />
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    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240_terseLabel_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payable to loan servicing and subservicing investors</link:label>
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240_label_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due To Servicing and Subservicing Investors</link:label>
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240_documentation_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amounts due to investors in loans that we service under servicing and subservicing agreements.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_DueToServicingAndSubservicingInvestors" xlink:label="loc_ocn_DueToServicingAndSubservicingInvestors_721E6AB8132FEE5888BC58F74BDB6240" xlink:type="locator" />
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    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58_terseLabel_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for selected tax items</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58_label_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability For Uncertain Tax Positions</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58_documentation_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognized for uncertain tax positions as of the balance sheet date.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LiabilityForUncertainTaxPositions" xlink:label="loc_ocn_LiabilityForUncertainTaxPositions_BECD8C14097C53062BC558F74BDCDF58" xlink:type="locator" />
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    <link:label id="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C_terseLabel_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Checks held for escheat</link:label>
    <link:label id="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C_label_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Checks Held For Escheat</link:label>
    <link:label id="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C_documentation_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of checks held for escheat.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ChecksHeldForEscheat" xlink:label="loc_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C" xlink:to="lab_ocn_ChecksHeldForEscheat_9CB3F4DB9BA679C03B0758F74BDCB29C" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_282726036C19E98047F658F74BDC4BBB_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_282726036C19E98047F658F74BDC4BBB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_282726036C19E98047F658F74BDC4BBB_label_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_282726036C19E98047F658F74BDC4BBB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_282726036C19E98047F658F74BDC4BBB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherLiabilities_73C7C025F9C9E12195FD58F74BDC5898_totalLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_73C7C025F9C9E12195FD58F74BDC5898" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_73C7C025F9C9E12195FD58F74BDC5898" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_7AA9C8AB2258F814043859041158101A_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_7AA9C8AB2258F814043859041158101A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government-insured loan claims</link:label>
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    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_A5B57C1463E802C68458590411581172_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_A5B57C1463E802C68458590411581172" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from custodial accounts</link:label>
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    <link:label id="lab_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other servicing receivables</link:label>
    <link:label id="lab_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8_label_en-US" xlink:label="lab_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Other</link:label>
    <link:label id="lab_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Other</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingReceivableOther" xlink:label="loc_ocn_ServicingReceivableOther_AA4B474CEDCA8545EB0159041159D2B8" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableNet_8BB609AC6654260082A359041159881F_label_en-US" xlink:label="lab_ocn_ServicingReceivableNet_8BB609AC6654260082A359041159881F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable Net</link:label>
    <link:label id="lab_ocn_ServicingReceivableNet_8BB609AC6654260082A359041159881F_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableNet_8BB609AC6654260082A359041159881F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amounts due to the servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingReceivableNet" xlink:label="loc_ocn_ServicingReceivableNet_8BB609AC6654260082A359041159881F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeTaxReceivable_575F04B1C4691202EAF259041159E60E_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_575F04B1C4691202EAF259041159E60E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes receivable</link:label>
    <link:label id="lab_us-gaap_IncomeTaxReceivable_575F04B1C4691202EAF259041159E60E_label_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_575F04B1C4691202EAF259041159E60E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Receivable</link:label>
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    <link:label id="lab_us-gaap_DueFromAffiliates_93B4FD4529DEFB9218B25904115938F7_terseLabel_en-US" xlink:label="lab_us-gaap_DueFromAffiliates_93B4FD4529DEFB9218B25904115938F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from related parties</link:label>
    <link:label id="lab_us-gaap_DueFromAffiliates_93B4FD4529DEFB9218B25904115938F7_label_en-US" xlink:label="lab_us-gaap_DueFromAffiliates_93B4FD4529DEFB9218B25904115938F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due from Affiliates</link:label>
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    <link:label id="lab_us-gaap_OtherReceivables_6B680196C798AFE31FF059041159C393_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_6B680196C798AFE31FF059041159C393" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_6B680196C798AFE31FF059041159C393_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_6B680196C798AFE31FF059041159C393" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_6B680196C798AFE31FF059041159C393" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0_totalLabel_en-US" xlink:label="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other receivables, gross</link:label>
    <link:label id="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0_label_en-US" xlink:label="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables, Gross</link:label>
    <link:label id="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Receivables, Gross</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherReceivablesGross" xlink:label="loc_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0" xlink:to="lab_ocn_OtherReceivablesGross_6F4508E0FEBF4DB30F0959041159AAB0" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE_negatedTerseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE_label_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables, Allowance For Losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Receivables, Allowance For Losses</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherReceivablesAllowanceForLosses" xlink:label="loc_ocn_OtherReceivablesAllowanceForLosses_36B60DECA78BE044D087590411595BFE" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherReceivablesNet_F536B2DBB2ED12C0269D590411596F3B_totalLabel_en-US" xlink:label="lab_ocn_OtherReceivablesNet_F536B2DBB2ED12C0269D590411596F3B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Receivables, total</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_OtherReceivablesNet" xlink:label="loc_ocn_OtherReceivablesNet_F536B2DBB2ED12C0269D590411596F3B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherAssetsDisclosureTextBlock_D31BB3595E596AFE2AD262451B6AB43E_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsDisclosureTextBlock_D31BB3595E596AFE2AD262451B6AB43E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
    <link:label id="lab_us-gaap_OtherAssetsDisclosureTextBlock_D31BB3595E596AFE2AD262451B6AB43E_label_en-US" xlink:label="lab_us-gaap_OtherAssetsDisclosureTextBlock_D31BB3595E596AFE2AD262451B6AB43E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_OtherAssetsDisclosureTextBlock" xlink:label="loc_us-gaap_OtherAssetsDisclosureTextBlock_D31BB3595E596AFE2AD262451B6AB43E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_UnsecuredDebtMember_48652D5C58A75189709158F74C00341F_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_48652D5C58A75189709158F74C00341F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_48652D5C58A75189709158F74C00341F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebtMember_48652D5C58A75189709158F74C00341F" xlink:to="lab_us-gaap_UnsecuredDebtMember_48652D5C58A75189709158F74C00341F" xlink:type="arc" />
    <link:label id="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_B0B78818DBC6933165CD58F74C01D313_terseLabel_en-US" xlink:label="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_B0B78818DBC6933165CD58F74C01D313" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.625% Senior Notes due 2019</link:label>
    <link:label id="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_B0B78818DBC6933165CD58F74C01D313_label_en-US" xlink:label="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_B0B78818DBC6933165CD58F74C01D313" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Six Point Six Two Five Percent Senior Notes, Due Two Thousand Nineteen [Member]</link:label>
    <link:label id="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_B0B78818DBC6933165CD58F74C01D313_documentation_en-US" xlink:label="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_B0B78818DBC6933165CD58F74C01D313" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Six Point Six Two Five Percent Senior Notes, Due Two Thousand Nineteen [Member]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_6FE66E00B696382EA73558F74C011451_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_6FE66E00B696382EA73558F74C011451" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Face amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_6FE66E00B696382EA73558F74C011451_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_6FE66E00B696382EA73558F74C011451" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_6FE66E00B696382EA73558F74C011451" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_9EBEDB1A9CE867D0020858F74C0190E8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_9EBEDB1A9CE867D0020858F74C0190E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate, stated percentage</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_9EBEDB1A9CE867D0020858F74C0190E8_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_9EBEDB1A9CE867D0020858F74C0190E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_9EBEDB1A9CE867D0020858F74C0190E8" xlink:type="locator" />
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    <link:label id="lab_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_7F4931BC1FB1A9C3E94A592B76BCDA51_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_7F4931BC1FB1A9C3E94A592B76BCDA51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Liability - MSRs Pledged [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FinancingLiabilityMortgageServicingRatesPledged1Member" xlink:label="loc_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_7F4931BC1FB1A9C3E94A592B76BCDA51" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_7F4931BC1FB1A9C3E94A592B76BCDA51" xlink:to="lab_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_7F4931BC1FB1A9C3E94A592B76BCDA51" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_F61D9B4FE2285730FE34592B76BCB1E0_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_F61D9B4FE2285730FE34592B76BCB1E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivatives [Member]</link:label>
    <link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_F61D9B4FE2285730FE34592B76BCB1E0_label_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_F61D9B4FE2285730FE34592B76BCB1E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Financial Instruments, Assets [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_F61D9B4FE2285730FE34592B76BCB1E0" xlink:type="locator" />
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    <link:label id="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241_verboseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">MSRs [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241_label_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241" xlink:to="lab_ocn_MortgageServicingRightsMember_74A2781C26B34E51F4A8592B76BC8241" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_A9BC8A10A5A88D70E568592B76BC0DAA_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_A9BC8A10A5A88D70E568592B76BC0DAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_A9BC8A10A5A88D70E568592B76BC0DAA_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_A9BC8A10A5A88D70E568592B76BC0DAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_A9BC8A10A5A88D70E568592B76BC0DAA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_605AC67BE4EE4C9F5FEB592B76BC5050_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_605AC67BE4EE4C9F5FEB592B76BC5050" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_605AC67BE4EE4C9F5FEB592B76BC5050_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_605AC67BE4EE4C9F5FEB592B76BC5050" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_605AC67BE4EE4C9F5FEB592B76BC5050" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137_periodStartLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_F72836DF42D07D11F1F2592B76BCB137" xlink:type="arc" />
    <link:label id="lab_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424_terseLabel_en-US" xlink:label="lab_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases, issuances, sales and settlements:</link:label>
    <link:label id="lab_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424_label_en-US" xlink:label="lab_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchases, issuances, sales and settlements: [Abstract]</link:label>
    <link:label id="lab_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424_documentation_en-US" xlink:label="lab_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PurchasesIssuancesSalesAndSettlementsAbstract" xlink:label="loc_ocn_PurchasesIssuancesSalesAndSettlementsAbstract_05CBBB409E73AE1A83A8592B76BC1424" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_85DE2694CB2F955D5C15592B76BC6949" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuances</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_FB81A5B35ABBD8B4B5CB592B76BC2592" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65_terseLabel_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer from MSRs, at amortized cost</link:label>
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65_label_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level 3 From MSRs At Amortized Cost</link:label>
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65_documentation_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value measurement with unobservable inputs reconciliation liability transfers into level 3 from MSRs at amortized cost.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost" xlink:label="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65" xlink:to="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3FromMSRsAtAmortizedCost_724C50C3293D67025874592B76BC6A65" xlink:type="arc" />
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    <link:label id="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_0E23F8CE4896D5FA9EB158BBD2848F7B_negatedTerseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_0E23F8CE4896D5FA9EB158BBD2848F7B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_us-gaap_ConventionalLoanMember_C8D2548269F77A00810D58F74C416FE4_terseLabel_en-US" xlink:label="lab_us-gaap_ConventionalLoanMember_C8D2548269F77A00810D58F74C416FE4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Conventional [Member]</link:label>
    <link:label id="lab_us-gaap_ConventionalLoanMember_C8D2548269F77A00810D58F74C416FE4_label_en-US" xlink:label="lab_us-gaap_ConventionalLoanMember_C8D2548269F77A00810D58F74C416FE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Conventional Mortgage Loan [Member]</link:label>
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    <link:label id="lab_us-gaap_OtherCostAndExpenseOperating_44754C9855BEC048EADF592B78094A58_label_en-US" xlink:label="lab_us-gaap_OtherCostAndExpenseOperating_44754C9855BEC048EADF592B78094A58" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Cost and Expense, Operating</link:label>
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    <link:label id="lab_ocn_AssetSalesAndFinancingTextBlock_C2DC5157D67DBB261EFD592B76718468_documentation_en-US" xlink:label="lab_ocn_AssetSalesAndFinancingTextBlock_C2DC5157D67DBB261EFD592B76718468" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for sales of assets and liabilities directly associated with those assets that will be transferred in the transaction. This may include a description of an asset sale (or series of individually immaterial assets sales) completed during the period, including background, timing, and assets and liabilities sold. This element does not include fixed asset sales and plant closings.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AssetSalesAndFinancingTextBlock" xlink:label="loc_ocn_AssetSalesAndFinancingTextBlock_C2DC5157D67DBB261EFD592B76718468" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AssetSalesAndFinancingTextBlock_C2DC5157D67DBB261EFD592B76718468" xlink:to="lab_ocn_AssetSalesAndFinancingTextBlock_C2DC5157D67DBB261EFD592B76718468" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans Held for Sale</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9_label_en-US" xlink:label="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Sale At Fair Value [Text Block]</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9_documentation_en-US" xlink:label="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held for Sale At Fair Value [Text Block]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_LoansHeldforSaleAtFairValueTextBlock" xlink:label="loc_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9" xlink:to="lab_ocn_LoansHeldforSaleAtFairValueTextBlock_E553E174FC4FFBDCE788624519E47EC9" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92_terseLabel_en-US" xlink:label="lab_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing, Principal and Interest [Member]</link:label>
    <link:label id="lab_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92_label_en-US" xlink:label="lab_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Principal And Interest [Member]</link:label>
    <link:label id="lab_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92_documentation_en-US" xlink:label="lab_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingPrincipalAndInterestMember" xlink:label="loc_ocn_ServicingPrincipalAndInterestMember_A50378FBC5B3778E2CAF2EBD6ABD8F92" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9_terseLabel_en-US" xlink:label="lab_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing, Taxes and Insurance [Member]</link:label>
    <link:label id="lab_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9_label_en-US" xlink:label="lab_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Taxes And Insurance [Member]</link:label>
    <link:label id="lab_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9_documentation_en-US" xlink:label="lab_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingTaxesAndInsuranceMember" xlink:label="loc_ocn_ServicingTaxesAndInsuranceMember_3DC63DBC47F5DDBAB1DD2EBD6ABD0CA9" xlink:type="locator" />
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    <link:label id="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0_terseLabel_en-US" xlink:label="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate Items and Other [Member]</link:label>
    <link:label id="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0_label_en-US" xlink:label="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Items And Other [Member]</link:label>
    <link:label id="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0_documentation_en-US" xlink:label="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_CorporateItemsAndOtherMember" xlink:label="loc_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0" xlink:to="lab_ocn_CorporateItemsAndOtherMember_84C23370AA68DC43976C2EBD6ABE1FC0" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966_terseLabel_en-US" xlink:label="lab_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing:</link:label>
    <link:label id="lab_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966_label_en-US" xlink:label="lab_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing [Abstract]</link:label>
    <link:label id="lab_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966_documentation_en-US" xlink:label="lab_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingAbstract" xlink:label="loc_ocn_ServicingAbstract_D23A80A87E0808DB579C2EBD6ABE0966" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_D1A40C2BBA8883EFB1212EBD6ABEC33B_terseLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_D1A40C2BBA8883EFB1212EBD6ABEC33B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AdvancesPaymentsOnBehalfOfByBorrower" xlink:label="loc_ocn_AdvancesPaymentsOnBehalfOfByBorrower_D1A40C2BBA8883EFB1212EBD6ABEC33B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Revenues and Expenses Related to Various Service Agreements</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734" xlink:to="lab_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_1AC399ED96CDD48905E462451B794734" xlink:type="arc" />
    <link:label id="lab_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Amounts Receivable or Payable</link:label>
    <link:label id="lab_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0_label_en-US" xlink:label="lab_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments in and Advances to Affiliates [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock" xlink:label="loc_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0" xlink:to="lab_us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock_B0D5BDCFF5301D761ADD62451B7942A0" xlink:type="arc" />
    <link:label id="lab_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A_terseLabel_en-US" xlink:label="lab_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitizations and Variable Interest Entities</link:label>
    <link:label id="lab_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A_label_en-US" xlink:label="lab_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Disclosure [Text Block]</link:label>
    <link:label id="lab_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A_documentation_en-US" xlink:label="lab_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Disclosure [Text Block]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_ocn_VariableInterestEntityDisclosureTextBlock_ED3AC1F6306AC6BD272B58BBD2D9B93A" xlink:type="locator" />
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    <link:label id="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_8190D02BC3E1DEAABC992ECF411E29C7_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_8190D02BC3E1DEAABC992ECF411E29C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Match Funded Advances on Residential Loans</link:label>
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    <link:label id="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_8190D02BC3E1DEAABC992ECF411E29C7_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_8190D02BC3E1DEAABC992ECF411E29C7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of match funded advances on residential loans serviced for others.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock" xlink:label="loc_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_8190D02BC3E1DEAABC992ECF411E29C7" xlink:type="locator" />
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    <link:label id="lab_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_C5BA6A73163F1EDAF1F62EBD6AB3BBA3_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_C5BA6A73163F1EDAF1F62EBD6AB3BBA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Activity In Match Funded Advances</link:label>
    <link:label id="lab_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_C5BA6A73163F1EDAF1F62EBD6AB3BBA3_label_en-US" xlink:label="lab_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_C5BA6A73163F1EDAF1F62EBD6AB3BBA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Activity In Match Funded Advances [Table Text Block]</link:label>
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    <link:loc xlink:href="ocn-20150331.xsd#ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock" xlink:label="loc_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_C5BA6A73163F1EDAF1F62EBD6AB3BBA3" xlink:type="locator" />
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    <link:label id="lab_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46_terseLabel_en-US" xlink:label="lab_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HLSS SEZ LP [Member]</link:label>
    <link:label id="lab_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46_label_en-US" xlink:label="lab_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HLSS SEZ LP [Member]</link:label>
    <link:label id="lab_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46_documentation_en-US" xlink:label="lab_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">HLSS SEZ LP [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_HLSSSEZLPMember" xlink:label="loc_ocn_HLSSSEZLPMember_C7AD2C3BC7FDFC143F5758EF013C0A46" xlink:type="locator" />
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    <link:label id="lab_ocn_AltisourceResidentialLpMember_67010BF87CD41A5061CC58EF013CB23F_terseLabel_en-US" xlink:label="lab_ocn_AltisourceResidentialLpMember_67010BF87CD41A5061CC58EF013CB23F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Altisource Residential Lp [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AltisourceResidentialLpMember" xlink:label="loc_ocn_AltisourceResidentialLpMember_67010BF87CD41A5061CC58EF013CB23F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AltisourceResidentialLpMember_67010BF87CD41A5061CC58EF013CB23F" xlink:to="lab_ocn_AltisourceResidentialLpMember_67010BF87CD41A5061CC58EF013CB23F" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServicingRightsMember_658F1C3907C349AD93B558EF013DCE68_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_658F1C3907C349AD93B558EF013DCE68" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageServicingRightsMember" xlink:label="loc_ocn_MortgageServicingRightsMember_658F1C3907C349AD93B558EF013DCE68" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServicingRightsMember_658F1C3907C349AD93B558EF013DCE68" xlink:to="lab_ocn_MortgageServicingRightsMember_658F1C3907C349AD93B558EF013DCE68" xlink:type="arc" />
    <link:label id="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21_terseLabel_en-US" xlink:label="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Automatic renewal term of support services agreement</link:label>
    <link:label id="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21_label_en-US" xlink:label="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Automatic Renewal Term Of Support Services Agreement</link:label>
    <link:label id="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21_documentation_en-US" xlink:label="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Automatic renewal term of support services agreement.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_AutomaticRenewalTermOfSupportServicesAgreement" xlink:label="loc_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21" xlink:to="lab_ocn_AutomaticRenewalTermOfSupportServicesAgreement_11BDD7B95589C9D85B4A58EF013D5F21" xlink:type="arc" />
    <link:label id="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B_terseLabel_en-US" xlink:label="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period from sale of tranche of rights to mortgage servicing rights that apportionment of fees is subject to re-negotiation</link:label>
    <link:label id="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B_label_en-US" xlink:label="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Period From Sale Of Tranche of Rights To Mortgage Servicing Rights That Apportionment Of Fees Is Subject To Re-negotiation</link:label>
    <link:label id="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B_documentation_en-US" xlink:label="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Period from sale of tranche of rights to mortgage servicing rights that apportionment of fees is subject to re-negotiation.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation" xlink:label="loc_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B" xlink:to="lab_ocn_PeriodFromSaleOfTrancheofRightsToMortgageServicingRightsThatApportionmentOfFeesIsSubjectToRenegotiation_425D8222D73961A6B1CF58EF013D1D3B" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_CC08FA8991D2A1B1A00558EF013D4C75_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_CC08FA8991D2A1B1A00558EF013D4C75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance assets acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_CC08FA8991D2A1B1A00558EF013D4C75" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_CC08FA8991D2A1B1A00558EF013D4C75" xlink:to="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_CC08FA8991D2A1B1A00558EF013D4C75" xlink:type="arc" />
    <link:label id="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96_terseLabel_en-US" xlink:label="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of servicing agreement</link:label>
    <link:label id="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96_label_en-US" xlink:label="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Of Agreement</link:label>
    <link:label id="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96_documentation_en-US" xlink:label="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the term of agreement.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_TermOfAgreement" xlink:label="loc_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96" xlink:to="lab_ocn_TermOfAgreement_2C8513604692C461E34958EF013DDB96" xlink:type="arc" />
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of loans serviced</link:label>
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E_label_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid Principal Balance Of Loans Associated With Mortgage Servicing Rights Sold</link:label>
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E_documentation_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of unpaid principal balance of loans associated with servicing assets sold in transactions accounted for as a financing.</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold" xlink:label="loc_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E" xlink:to="lab_ocn_UnpaidPrincipalBalanceOfLoansAssociatedWithMortgageServicingRightsSold_3C84FD14E8CB89395D9C58EF013D113E" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServicingRightsAmortizedCostsMember_741D8F9C52128A17179058F74C4AF17E_verboseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsAmortizedCostsMember_741D8F9C52128A17179058F74C4AF17E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total [Member]</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_MortgageServicingRightsAmortizedCostsMember" xlink:label="loc_ocn_MortgageServicingRightsAmortizedCostsMember_741D8F9C52128A17179058F74C4AF17E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServicingRightsAmortizedCostsMember_741D8F9C52128A17179058F74C4AF17E" xlink:to="lab_ocn_MortgageServicingRightsAmortizedCostsMember_741D8F9C52128A17179058F74C4AF17E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost, Balance [Roll Forward]</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost, Balance [Roll Forward]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValueBalanceRollForward_6242A71BC9F53E773B5358F74C4B3003" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_FA9381D45EC52C9A959458F74C4B8B51_periodStartLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue_FA9381D45EC52C9A959458F74C4B8B51" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValue" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValue_FA9381D45EC52C9A959458F74C4B8B51" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValue_FA9381D45EC52C9A959458F74C4B8B51" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValue_FA9381D45EC52C9A959458F74C4B8B51" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue_91C835E5426EE5D2A80558F74C4BF97F_negatedTerseLabel_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue_91C835E5426EE5D2A80558F74C4BF97F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Fair value election - transfer to MSRs carried at fair value</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue" xlink:label="loc_ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue_91C835E5426EE5D2A80558F74C4BF97F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue_91C835E5426EE5D2A80558F74C4BF97F" xlink:to="lab_ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue_91C835E5426EE5D2A80558F74C4BF97F" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions recognized in connection with business acquisitions</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost, Period Increase (Decrease)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease_DDEC014BD007E90E69A558F74C4B492C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions recognized in connection with asset acquisitions</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost, Additions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2013/elts/us-gaap-2013-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValueAdditions" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_B2BA66604894CF5D9D5658F74C4B7BB6" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333_verboseLabel_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions recognized on the sale of mortgage loans</link:label>
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333_label_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Assets at Amortized Cost, Additions Recognized from Mortgage Sales</link:label>
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333_documentation_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Assets at Amortized Cost, Additions Recognized from Mortgage Sales</link:label>
    <link:loc xlink:href="ocn-20150331.xsd#ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales" xlink:label="loc_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333" xlink:to="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_063AAAD95F8DB85B1D3758F74C4BC333" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_C7C9E61A2804FED8BF5A58F74C4BF6B0_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_C7C9E61A2804FED8BF5A58F74C4BF6B0" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sales</link:label>
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