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Mortgage Servicing - Schedule of Activity Related to MSRs - Amortization Method (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended |
--- | --- | ---
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014
Servicing Asset at Amortized Cost, Balance [Roll Forward] |  |  |  |  |
Estimated fair value at end of period | $ 897,797us-gaap_ServicingAssetAtFairValueAmount |  |  |  | $ 93,901us-gaap_ServicingAssetAtFairValueAmount
Total [Member] |  |  |  |  |
Servicing Asset at Amortized Cost, Balance [Roll Forward] |  |  |  |  |
Beginning balance | 1,820,091us-gaap_ServicingAssetAtAmortizedValue / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | 1,953,352us-gaap_ServicingAssetAtAmortizedValue / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Fair value election - transfer to MSRs carried at fair value | (787,142)ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember | [1] | 0ocn_ServicingAssetAtAmortizedValueFairValueElectionTransferToMSRsCarriedAtFairValue / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember | [1] |
Additions recognized in connection with business acquisitions | 0us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | 20,324us-gaap_ServicingAssetAtAmortizedValuePeriodIncreaseDecrease / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Additions recognized in connection with asset acquisitions | 3,267us-gaap_ServicingAssetAtAmortizedValueAdditions / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | 6,697us-gaap_ServicingAssetAtAmortizedValueAdditions / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Additions recognized on the sale of mortgage loans | 8,528ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | 11,614ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Sales | (65,627)us-gaap_ServicingAssetAtAmortizedValueDisposals / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember | [2] | 0us-gaap_ServicingAssetAtAmortizedValueDisposals / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember | [2] |
Servicing transfers and adjustments | 0ocn_ServicingAssetatAmortizedCostTransfersandAdjustments / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | (364)ocn_ServicingAssetatAmortizedCostTransfersandAdjustments / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Servicing asset at amortized value, gross | 979,117ocn_ServicingAssetAtAmortizedValueGross / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | 1,991,623ocn_ServicingAssetAtAmortizedValueGross / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Amortization | (38,494)us-gaap_ServicingAssetAtAmortizedValueAmortization1 / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | (62,094)us-gaap_ServicingAssetAtAmortizedValueAmortization1 / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Impairment | (17,769)us-gaap_ServicingAssetAtAmortizedValueValuationAllowance / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember | [3] | 0us-gaap_ServicingAssetAtAmortizedValueValuationAllowance / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember | [3] |
Ending balance | 922,854us-gaap_ServicingAssetAtAmortizedValue / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | 1,929,529us-gaap_ServicingAssetAtAmortizedValue / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
Estimated fair value at end of period | $ 1,064,134us-gaap_ServicingAssetAtFairValueAmount / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  | $ 2,774,910us-gaap_ServicingAssetAtFairValueAmount / us-gaap_FinancialInstrumentAxis = ocn_MortgageServicingRightsAmortizedCostsMember |  |
[1] | Effective January 1, 2015, we elected fair value accounting for a newly-created class of non-Agency MSRs, which were previously accounted for using the amortization method. This irrevocable election applies to all subsequently acquired or originated servicing assets and liabilities that have characteristics consistent with this class. We recorded a cumulative-effect adjustment of $52.0 million (before deferred income taxes of $9.2 million) to retained earnings as of January 1, 2015 to reflect the excess of the fair value of these MSRs over their carrying amount. At December 31, 2014, the UPB of the non-Agency MSRs for which the fair value election was made was $195.3 billion.
[2] | On March 31, 2015, we closed on the sale of Agency MSRs on a portfolio consisting of 76,000 performing loans owned by Freddie Mac with a total UPB of $9.1 billion. We completed the transfer of the loan servicing on April 16, 2015.
[3] | We established a $17.8 million valuation allowance related to impairment on our government-insured MSRs, as the fair value for this stratum was less than its carrying value. This impairment was primarily due to the FHA reducing the mortgage insurance premium rate by 50 basis points during the quarter, which created a significantly lower interest rate for existing FHA borrowers and in turn, generated higher projected prepayment speed and shorter asset life inputs used to value these MSRs. The impairment charge is recognized in Servicing and origination expense in the unaudited Consolidated Statements of Operations.

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- Definition Servicing Asset at Amortized Cost, Transfers and Adjustments + References No definition available. + Details
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- Definition Servicing asset at amortized value fair value election transfer to MSRs carried at fair value. + References No definition available. + Details
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- Definition Servicing asset at amortized value gross. + References No definition available. + Details
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- Definition Servicing Assets at Amortized Cost, Additions Recognized from Mortgage Sales + References No definition available. + Details
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- Definition Amortized amount of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7524895&loc=d3e120260-111741 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122492-111745 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 + Details
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- Definition Amount of additions from purchases, assumption or transfer to contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 + Details
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- Definition Amount of amortization of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a)(4) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 + Details
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- Definition Amount conveyed to unrelated parties of contract to contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 + Details
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- Definition Amount of valuation allowance applied to contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a)(5) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122739-111746 + Details
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