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Borrowings - Schedule of Match Funded Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Debt Instrument [Line Items] |  |
Advance match funded liabilities (related to VIEs) | $ 550,437 | $ 581,288
Advance Match Funded Liabilities |  |
Debt Instrument [Line Items] |  |
Borrowing Capacity | 795,000 |
Available borrowing capacity | $ 244,563 |
Weighted average interest rate | 1.83% | 1.96%
Advance match funded liabilities (related to VIEs) | $ 550,437 | $ 581,288
Total Ocwen Master Advance Receivables Trust (OMART) |  |
Debt Instrument [Line Items] |  |
Borrowing Capacity | 725,000 |
Available borrowing capacity | $ 190,479 |
Weighted average interest rate | 1.79% | 1.93%
Advance match funded liabilities (related to VIEs) | $ 534,521 | $ 564,396
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes - Series 2015-VF5 |  |
Debt Instrument [Line Items] |  |
Borrowing Capacity | 250,000 |
Available borrowing capacity | $ 190,479 |
Weighted average interest rate | 4.22% | 4.26%
Advance match funded liabilities (related to VIEs) | $ 59,521 | $ 89,396
Total Ocwen Master Advance Receivables Trust (OMART) | Advance Receivables Backed Notes, Series 2020-T1 |  |
Debt Instrument [Line Items] |  |
Borrowing Capacity | 475,000 |
Available borrowing capacity | $ 0 |
Weighted average interest rate | 1.49% | 1.49%
Advance match funded liabilities (related to VIEs) | $ 475,000 | $ 475,000
Total Ocwen Freddie Advance Funding Facility (OFAF) | Advance Receivables Backed Notes, Series 2015-VF1 |  |
Debt Instrument [Line Items] |  |
Borrowing Capacity | 70,000 |
Available borrowing capacity | $ 54,084 |
Weighted average interest rate | 3.22% | 3.26%
Advance match funded liabilities (related to VIEs) | $ 15,916 | $ 16,892

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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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