XML 75 R58.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Business Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information | Financial information for our segments is as follows:
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Results of Operations |  |  |  |  |  |  |  |  |
For the year ended December 31, 2016 |  |  |  |  |  |  |  |  |
Revenue (1) | $ | 1,247,159 |  |  | $ | 112,363 |  |  | $ | 27,646 |  |  | $ | (5 | ) |  | $ | 1,387,163 |
Expenses (1) (2) | 920,434 |  |  | 104,342 |  |  | 198,483 |  |  | (5 | ) |  | 1,223,254 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | (109 | ) |  | 15,300 |  |  | 3,892 |  |  | — |  |  | 19,083 |
Interest expense | (357,413 | ) |  | (14,398 | ) |  | (40,772 | ) |  | — |  |  | (412,583 | )
Gain on sale of mortgage servicing rights, net | 8,492 |  |  | — |  |  | — |  |  | — |  |  | 8,492 |
Other (1) | 15,812 |  |  | 1,065 |  |  | (2,139 | ) |  | — |  |  | 14,738 |
Other income (expense), net | (333,218 | ) |  | 1,967 |  |  | (39,019 | ) |  | — |  |  | (370,270 | )
Income (loss) before income taxes | $ | (6,493 | ) |  | $ | 9,988 |  |  | $ | (209,856 | ) |  | $ | — |  |  | $ | (206,361 | )
For the year ended December 31, 2015 |  |  |  |  |  |  |  |  |
Revenue (1) | $ | 1,613,537 |  |  | $ | 124,724 |  |  | $ | 2,895 |  |  | $ | (58 | ) |  | $ | 1,741,098 |
Expenses (1) (2) | 1,221,879 |  |  | 97,692 |  |  | 158,671 |  |  | (58 | ) |  | 1,478,184 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 1,044 |  |  | 14,669 |  |  | 2,607 |  |  | — |  |  | 18,320 |
Interest expense | (446,377 | ) |  | (9,859 | ) |  | (26,137 | ) |  | — |  |  | (482,373 | )
Gain on sale of mortgage servicing rights, net | 83,921 |  |  | — |  |  | — |  |  | — |  |  | 83,921 |
Other (1) | (14,370 | ) |  | 2,123 |  |  | (396 | ) |  | — |  |  | (12,643 | )
Other income (expense), net | (375,782 | ) |  | 6,933 |  |  | (23,926 | ) |  | — |  |  | (392,775 | )
Income (loss) before income taxes | $ | 15,876 |  |  | $ | 33,965 |  |  | $ | (179,702 | ) |  | $ | — |  |  | $ | (129,861 | )
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
For the year ended December 31, 2014 |  |  |  |  |  |  |  |  |
Revenue (1) | $ | 1,985,436 |  |  | $ | 119,220 |  |  | $ | 6,825 |  |  | $ | (156 | ) |  | $ | 2,111,325 |
Expenses (1) (2) | 1,643,323 |  |  | 156,272 |  |  | 235,769 |  |  | (156 | ) |  | 2,035,208 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest income | 2,981 |  |  | 16,459 |  |  | 3,551 |  |  | — |  |  | 22,991 |
Interest expense | (515,141 | ) |  | (10,725 | ) |  | (15,891 | ) |  | — |  |  | (541,757 | )
Other (1) | (4,043 | ) |  | 4,476 |  |  | (943 | ) |  | — |  |  | (510 | )
Other income (expense), net | (516,203 | ) |  | 10,210 |  |  | (13,283 | ) |  | — |  |  | (519,276 | )
Loss before income taxes | $ | (174,090 | ) |  | $ | (26,842 | ) |  | $ | (242,227 | ) |  | $ | — |  |  | $ | (443,159 | )
| Servicing |  | Lending |  | Corporate Items and Other |  | Corporate Eliminations |  | Business Segments Consolidated
Total Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2016 | $ | 3,312,357 |  |  | $ | 3,863,848 |  |  | $ | 479,458 |  |  | $ | — |  |  | $ | 7,655,663 |
December 31, 2015 | $ | 4,089,064 |  |  | $ | 2,811,154 |  |  | $ | 480,090 |  |  | $ | — |  |  | $ | 7,380,308 |
December 31, 2014 | $ | 5,864,061 |  |  | $ | 1,963,729 |  |  | $ | 415,872 |  |  | $ | — |  |  | $ | 8,243,662 |
(1) | Inter-segment billings for services rendered to other segments are recorded as revenues, as contra-expense or as other income, depending on the type of service that is rendered.
(2)Depreciation and amortization expense are as follows:
| Servicing |  | Lending |  | Corporate Items and Other |  | Business Segments Consolidated
For the year ended December 31, 2016: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 6,804 |  |  | $ | 228 |  |  | $ | 18,306 |  |  | $ | 25,338 |
Amortization of mortgage servicing rights | 32,669 |  |  | 309 |  |  | — |  |  | 32,978 |
Amortization of debt discount | 727 |  |  | — |  |  | 3,450 |  |  | 4,177 |
Amortization of debt issuance costs | 13,455 |  |  | — |  |  | 12,207 |  |  | 25,662 |
For the year ended December 31, 2015: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 2,990 |  |  | $ | 380 |  |  | $ | 15,789 |  |  | $ | 19,159 |
Amortization of mortgage servicing rights | 98,849 |  |  | 345 |  |  | — |  |  | 99,194 |
Amortization of debt discount | 2,680 |  |  | — |  |  | — |  |  | 2,680 |
Amortization of debt issuance costs | 21,269 |  |  | — |  |  | 1,395 |  |  | 22,664 |
For the year ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 9,955 |  |  | $ | 332 |  |  | $ | 11,623 |  |  | $ | 21,910 |
Amortization of mortgage servicing rights | 249,471 |  |  | 705 |  |  | 199 |  |  | 250,375 |
Amortization of debt discount | 1,318 |  |  | — |  |  | — |  |  | 1,318 |
Amortization of debt issuance costs | 4,294 |  |  | — |  |  | 845 |  |  | 5,139 |
Depreciation and Amortization [Member] |
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information | Depreciation and amortization expense are as follows:
| Servicing |  | Lending |  | Corporate Items and Other |  | Business Segments Consolidated
For the year ended December 31, 2016: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 6,804 |  |  | $ | 228 |  |  | $ | 18,306 |  |  | $ | 25,338 |
Amortization of mortgage servicing rights | 32,669 |  |  | 309 |  |  | — |  |  | 32,978 |
Amortization of debt discount | 727 |  |  | — |  |  | 3,450 |  |  | 4,177 |
Amortization of debt issuance costs | 13,455 |  |  | — |  |  | 12,207 |  |  | 25,662 |
For the year ended December 31, 2015: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 2,990 |  |  | $ | 380 |  |  | $ | 15,789 |  |  | $ | 19,159 |
Amortization of mortgage servicing rights | 98,849 |  |  | 345 |  |  | — |  |  | 99,194 |
Amortization of debt discount | 2,680 |  |  | — |  |  | — |  |  | 2,680 |
Amortization of debt issuance costs | 21,269 |  |  | — |  |  | 1,395 |  |  | 22,664 |
For the year ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |
Depreciation expense | $ | 9,955 |  |  | $ | 332 |  |  | $ | 11,623 |  |  | $ | 21,910 |
Amortization of mortgage servicing rights | 249,471 |  |  | 705 |  |  | 199 |  |  | 250,375 |
Amortization of debt discount | 1,318 |  |  | — |  |  | — |  |  | 1,318 |
Amortization of debt issuance costs | 4,294 |  |  | — |  |  | 845 |  |  | 5,139 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ocn_DepreciationandAmortizationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |