XML 73 R61.htm IDEA: XBRL DOCUMENT v3.21.2

Fair Value - Schedule of Significant Assumptions used in Valuation (Details)	Sep. 30, 2021 years USD ($)	Dec. 31, 2020 USD ($) years
Loans Held for Investment Reverse Mortgages | Measurement Input, Expected Term
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	5.6	5.9
Loans Held for Investment Reverse Mortgages | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.162	0.154
Loans Held for Investment Reverse Mortgages | Measurement Input, Discount Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.025	0.019
Loans Held for Investment Reverse Mortgages | Minimum | Measurement Input, Expected Term
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	1.1	0.9
Loans Held for Investment Reverse Mortgages | Minimum | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.110	0.106
Loans Held for Investment Reverse Mortgages | Maximum | Measurement Input, Expected Term
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	8.0	8.0
Loans Held for Investment Reverse Mortgages | Maximum | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.355	0.288
Fair Value Agency Mortgage Servicing Rights | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.090	0.118
Fair Value Agency Mortgage Servicing Rights | Measurement Input, Default Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.014	0.030
Fair Value Agency Mortgage Servicing Rights | Measurement Input, Discount Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.086	0.092
Fair Value Agency Mortgage Servicing Rights | Measurement Input, Weighted Average Cost to Service
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	72	79
Fair Value Non-Agency Mortgage Servicing Rights | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.120	0.115
Fair Value Non-Agency Mortgage Servicing Rights | Measurement Input, Default Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.128	0.280
Fair Value Non-Agency Mortgage Servicing Rights | Measurement Input, Discount Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.112	0.114
Fair Value Non-Agency Mortgage Servicing Rights | Measurement Input, Weighted Average Cost to Service
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	209	270
HMBS-Related Borrowings | Measurement Input, Expected Term
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	5.6	5.9
HMBS-Related Borrowings | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.162	0.154
HMBS-Related Borrowings | Measurement Input, Discount Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.023	0.017
HMBS-Related Borrowings | Minimum | Measurement Input, Expected Term
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	1.1	0.9
HMBS-Related Borrowings | Minimum | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.110	0.106
HMBS-Related Borrowings | Maximum | Measurement Input, Expected Term
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	8.0	8.0
HMBS-Related Borrowings | Maximum | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.355	0.288
Mortgage Servicing Rights Pledged | Measurement Input, Prepayment Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.112	0.115
Mortgage Servicing Rights Pledged | Measurement Input, Default Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.112	0.298
Mortgage Servicing Rights Pledged | Measurement Input, Discount Rate
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input	0.107	0.114
Mortgage Servicing Rights Pledged | Measurement Input, Weighted Average Cost to Service
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Measurement input | $	199	287

X

- Definition

Value of input used to measure alternative investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_AlternativeInvestmentMeasurementInput
Namespace Prefix:	us-gaap_
Data Type:	xbrli:decimalItemType
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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=ocn_LoansHeldforInvestmentReverseMortgagesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputExpectedTermMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MinimumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_RangeAxis=srt_MaximumMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

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

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDefaultRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=ocn_MeasurementInputWeightedAverageCostToServiceMember
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:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=ocn_HMBSRelatedBorrowingsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=ocn_MortgageServicingRightsPledgedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: