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Employee Compensation and Benefit Plans - Schedule of Assumptions used to Value Stock Option Awards Granted (Details) - $ / shares

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Black Scholes [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Risk-free interest rate

2.32%

Risk-free interest rate, minimum

1.60%

1.98%

Risk-free interest rate, maximum

2.08%

2.60%

Expected stock price volatility

^[1]

45.00%

42.00%

44.00%

Expected dividend yield

0.00%

0.00%

0.00%

Expected option life (in years)

^[2]

5 years 6 months

6 years 6 months

6 years 6 months

Fair value

$ 24.32

Binomial [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Risk-free interest rate, minimum

0.20%

0.00%

0.24%

Risk-free interest rate, maximum

2.74%

3.05%

3.56%

Expected stock price volatility, minimum

^[1]

51.00%

41.00%

33.00%

Expected stock price volatility, maximum

^[1]

108.00%

42.00%

44.00%

Expected dividend yield

0.00%

0.00%

0.00%

Contractual life (in years)

10 years

10 years

10 years

Monte Carlo [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Risk-free interest rate

1.23%

Expected stock price volatility

^[1]

65.00%

Expected dividend yield

0.00%

Fair value

$ 7.99

Minimum [Member] | Black Scholes [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair value

$ 3.36

$ 11.93

Minimum [Member] | Binomial [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected option life (in years)

^[2]

5 years 4 months 28 days

4 years 4 months 6 days

4 years 6 months

Fair value

$ 5.41

$ 8.99

$ 18.04

Maximum [Member] | Black Scholes [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Fair value

$ 4.62

$ 17.01

Maximum [Member] | Binomial [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected option life (in years)

^[2]

5 years 5 months 16 days

5 years 7 months 21 days

5 years 9 months

Fair value

$ 5.46

$ 13.82

$ 21.38

[1]

We estimate volatility based on the historical volatility of Ocwen’s common stock over the most recent period that corresponds with the estimated expected life of the option.

[2]

For the options valued using the Black-Scholes model we determined the expected life based on historical experience with similar awards, giving consideration to the contractual term, exercise patterns and post vesting forfeitures. The expected term of the options valued using the lattice (binomial) model is derived from the output of the model. The lattice (binomial) model incorporates exercise assumptions based on analysis of historical data. For all options, the expected life represents the period of time that options granted were expected to be outstanding at the date of the award.

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The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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The risk-free interest rate assumption that is used in valuing an option on its own shares.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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Price of a single share of a number of saleable stocks of a company.

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Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 14.D.2)
-URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
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