XML 130 R104.htm IDEA: XBRL DOCUMENT
v3.21.1

Commitments - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions |  | 3 Months Ended |
--- | --- | --- | ---
Mar. 04, 2021 | Mar. 31, 2021 | Dec. 31, 2020
Other Commitments [Line Items] |  |  |
Threshold of outstanding principal balance on maximum claim amount (as a percent) |  | 98.00% |
Proceeds from partnership contribution |  | $ 250.0 |
Warrants exercise price | $ 26.82 |  |
Maximum | Shareholders Approval |  |  |
Other Commitments [Line Items] |  |  |
Ownership percentage on exercise of warrant | 19.90% |  |
Ocwen Financial Corporation |  |  |
Other Commitments [Line Items] |  |  |
Ownership percentage |  | 15.00% |
Floating Rate Reverse Mortgage Loans |  |  |
Other Commitments [Line Items] |  |  |
Additional borrowing capacity to borrowers |  | $ 2,100.0 | $ 2,000.0
Funded amount in connection with reverse mortgage loans |  | 47.8 |
Forward Mortgage Loan Interest Rate Lock Commitments |  |  |
Other Commitments [Line Items] |  |  |
Short-term commitments to lend |  | 916.9 |
Reverse loans IRLCs |  |  |
Other Commitments [Line Items] |  |  |
Short-term commitments to lend |  | $ 50.2 |
New Residential Investment Corp |  |  |
Other Commitments [Line Items] |  |  |
Servicing agreements notice of termination |  | 180 days |
Oaktree |  |  |
Other Commitments [Line Items] |  |  |
Ownership percentage |  | 85.00% |
Percentage of outstanding common stock agreed to sell |  | 4.90% |
Sale of stock, price per share |  | $ 23.15 |
Warrants exercise price |  | $ 24.31 |
Warrants issued, percentage of outstanding common stock |  | 3.00% |
Customer Concentration Risk | Unpaid Principal Balance | New Residential Investment Corp |  |  |
Other Commitments [Line Items] |  |  |
Concentration risk (percent) |  | 36.00% |
Customer Concentration Risk | Loan Count | New Residential Investment Corp |  |  |
Other Commitments [Line Items] |  |  |
Concentration risk (percent) |  | 45.00% |
Customer Concentration Risk | Delinquent Loans | New Residential Investment Corp |  |  |
Other Commitments [Line Items] |  |  |
Concentration risk (percent) |  | 64.00% |

X
- Definition Additional borrowing capacity to borrowers. + References No definition available. + Details
Name: | ocn_AdditionalBorrowingCapacityToBorrowers
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Committed investment amount in special purpose entity. + References No definition available. + Details
Name: | ocn_CommittedInvestmentAmountInSpecialPurposeEntity
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Funded amount in connection with reverse mortgage loans. + References No definition available. + Details
Name: | ocn_FundedAmountInConnectionWithReverseMortgageLoans
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage of outstanding common stock agreed to sell. + References No definition available. + Details
Name: | ocn_PercentageOfOutstandingCommonStockAgreedToSell
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Servicing agreements notice of termination. + References No definition available. + Details
Name: | ocn_ServicingAgreementsNoticeOfTermination
Namespace Prefix: | ocn_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Short-term commitments to lend. + References No definition available. + Details
Name: | ocn_ShortTermCommitmentsToLend
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Threshold percentage of outstanding principal balance on maximum claim amount. + References No definition available. + Details
Name: | ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition This represents the percentage of outstanding common stock issued with warrants to purchase shares. + References No definition available. + Details
Name: | ocn_WarrantsIssuedPercentageOfOutstandingCommonStock
Namespace Prefix: | ocn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Exercise price per share or per unit of warrants or rights outstanding. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13531-108611 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13537-108611 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

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_OtherCommitmentsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of subsidiary's or equity investee's stock owned by parent company after stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockPercentageOfOwnershipAfterTransaction
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockPricePerShare
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RegulatoryAgencyAxis=ocn_ShareholdersApprovalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=ocn_OcwenFinancialCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

X
- Details
Name: | srt_CounterpartyNameAxis=ocn_NewResidentialInvestmentCorpMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=ocn_OaktreeCapitalManagementLPAndAffiliatesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByTypeAxis=us-gaap_CustomerConcentrationRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=ocn_UnpaidPrincipalBalanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=ocn_LoanCountMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=ocn_DelinquentLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |