XML 107 R86.htm IDEA: XBRL DOCUMENT v3.22.0.1

Mortgage Servicing - Summary of Activity Related to Fair Value Servicing Assets (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 01, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance		$ 1,294,817	$ 1,486,395	$ 1,457,149
Sales		0	(143)	(4,344)
Recognized on the sale of residential mortgage loans		222,715	68,734	8,795
Purchase of MSRs	$ 575,300	844,122	285,134	153,505
Servicing transfers and adjustments		(10,782)	(265,845)	(7,309)
Changes in valuation inputs or assumptions (2)		149,514	(108,051)	75,885
Realization of cash flows (2)		(250,239)	(171,407)	(197,286)
Ending balance		2,250,147	1,294,817	1,486,395
Fair Value Agency Mortgage Servicing Rights
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance		578,957	714,006	865,587
Sales		0	0	(3,578)
Recognized on the sale of residential mortgage loans		222,715	68,734	8,795
Purchase of MSRs		844,122	285,134	153,505
Servicing transfers and adjustments		117	(266,248)	0
Changes in valuation inputs or assumptions (2)		62,437	(145,308)	(192,323)
Realization of cash flows (2)		(136,511)	(77,361)	(117,980)
Ending balance		1,571,837	578,957	714,006
Fair Value Non-Agency Mortgage Servicing Rights
Servicing Asset at Fair Value, Amount [Roll Forward]
Beginning balance		715,860	772,389	591,562
Sales		0	(143)	(766)
Recognized on the sale of residential mortgage loans		0	0	0
Purchase of MSRs		0	0	0
Servicing transfers and adjustments		(10,899)	403	(7,309)
Changes in valuation inputs or assumptions (2)		87,077	37,257	268,208
Realization of cash flows (2)		(113,728)	(94,046)	(79,306)
Ending balance		$ 678,310	$ 715,860	$ 772,389

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

Amount of increase (decrease) in fair value from changes in the assumptions or model used to calculate the fair value of a contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.

+ References

No definition available.

+ Details

Name:	us-gaap_AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
Namespace Prefix:	us-gaap_
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=125521744&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=125521744&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

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=125521744&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=125521744&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=125521744&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: