XML 100 R78.htm IDEA: XBRL DOCUMENT
v3.20.2

Mortgage Servicing - Schedule of Activity Related to MSRs - Fair Value Measurement Method (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |
Beginning balance | $ 1,044,914 | $ 1,312,633 | $ 1,486,395 | $ 1,457,149
Sales and other transfers | (1) | (15) | (108) | (585)
Recognized on the sale of residential mortgage loans | 22,096 | 1,235 | 37,785 | 3,933
Purchase of MSRs | 32,249 | 10,566 | 78,994 | 124,955
Servicing transfers and adjustments | 16 | (3,105) | (263,427) | (7,872)
Changes in fair value: |  |  |  |
Changes in valuation inputs or other assumptions | 17,823 | 188,933 | (138,672) | 29,840
Realization of expected future cash flows and other changes | (48,084) | (54,694) | (131,954) | (151,867)
Ending balance | 1,069,013 | 1,455,553 | 1,069,013 | 1,455,553
Fair Value Agency Mortgage Servicing Rights |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |
Beginning balance | 305,085 | 745,735 | 714,006 | 865,587
Sales and other transfers | 0 | 0 | 0 | (29)
Recognized on the sale of residential mortgage loans | 22,096 | 1,235 | 37,785 | 3,933
Purchase of MSRs | 32,249 | 9,298 | 78,994 | 123,600
Servicing transfers and adjustments | 16 | 0 | (263,830) | 0
Changes in fair value: |  |  |  |
Changes in valuation inputs or other assumptions | 4,074 | (63,360) | (159,351) | (235,036)
Realization of expected future cash flows and other changes | (23,856) | (36,898) | (67,940) | (102,045)
Ending balance | 339,664 | 656,010 | 339,664 | 656,010
Fair Value Non-Agency Mortgage Servicing Rights |  |  |  |
Servicing Asset at Fair Value, Amount [Roll Forward] |  |  |  |
Beginning balance | 739,829 | 566,898 | 772,389 | 591,562
Sales and other transfers | (1) | (15) | (108) | (556)
Recognized on the sale of residential mortgage loans | 0 | 0 | 0 | 0
Purchase of MSRs | 0 | 1,268 | 0 | 1,355
Servicing transfers and adjustments | 0 | (3,105) | 403 | (7,872)
Changes in fair value: |  |  |  |
Changes in valuation inputs or other assumptions | 13,749 | 252,293 | 20,679 | 264,876
Realization of expected future cash flows and other changes | (24,228) | (17,796) | (64,014) | (49,822)
Ending balance | $ 729,349 | $ 799,543 | $ 729,349 | $ 799,543

X
- Definition Servicing assets at fair value, additions recognized from mortgage sales. + References No definition available. + Details
Name: | ocn_ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of financial assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueAdditions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 45 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6469459&loc=d3e122501-111745 + Details
Name: | us-gaap_ServicingAssetAtFairValueAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_ServicingAssetAtFairValueAmountRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(i) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Decrease in servicing assets subsequently measured at fair value resulting from conveyance of servicing rights to unrelated parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueDisposals
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of increase (decrease) from changes in fair value classified as other for a 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(4)(ii) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueOtherChangesInFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of increase (decrease) in fair value from changes classified as other for a 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a)(5) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
Name: | us-gaap_ServicingAssetAtFairValueOtherChangesThatAffectBalance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_FairValueAgencyMortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ocn_FairValueNonAgencyMortgageServicingRightsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |