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Mortgage Servicing (Tables)

3 Months Ended

Mar. 31, 2022

Transfers and Servicing [Abstract]

Schedule of Activity Related to MSRs - Fair Value Measurement Method

MSRs – At Fair Value			Three Months Ended March 31,
			2022																		2021
			Agency						Non-Agency						Total						Agency						Non-Agency						Total
Beginning balance			$	1,571,837					$	678,310					$	2,250,147					$	578,957					$	715,860					$	1,294,817
Sales and other transfers			(149,311)						(24)						(149,335)						—						—						—
Additions:
Recognized on the sale of residential mortgage loans			45,803						—						45,803						34,260						—						34,260
Purchase of MSRs			46,799						—						46,799						36,778						—						36,778
Servicing transfers and adjustments			—						(823)						(823)						29						(557)						(528)
Changes in fair value:
Changes in valuation inputs or assumptions			194,476						9,044						203,520						82,486						1,529						84,015
Realization of expected cash flows			(47,674)						(25,156)						(72,830)						(23,847)						(25,278)						(49,125)
Ending balance			$	1,661,930					$	661,351					$	2,323,281					$	708,663					$	691,554					$	1,400,217

Schedule of Composition of Servicing UPB

			March 31, 2022									December 31, 2021									March 31, 2021
			Fair Value			UPB						Fair Value			UPB						Fair Value			UPB
Owned MSRs			$	1,435,180		$	115,724,529					$	1,422,546		$	127,919,800					$	849,853		$	91,284,985
NRZ transferred MSRs (1) (2)			545,316			51,533,000						558,940			53,652,843						550,364			61,841,181
MAV transferred MSRs (1)			342,785			26,759,000						268,661			24,018,904						—			—
Total			$	2,323,281		$	194,016,529					$	2,250,147		$	205,591,547					$	1,400,217		$	153,126,166

(1)MSRs subject to sale agreements with NRZ and MAV that do not meet sale accounting criteria. During the three months ended March 31, 2022 , we transferred MSRs with a UPB of $3.5 billion to MAV. See Note 8 — MSR Transfers Not Qualifying for Sale Accounting.

(2)At March 31, 2022, the UPB of MSRs transferred to NRZ for which title is retained by Ocwen was $11.7 billion and the UPB of MSRs transferred to NRZ for which title has passed was $39.8 billion.

Schedule of Components of Servicing and Subservicing Fees

Servicing Revenue			Three Months Ended March 31,
			2022						2021
Loan servicing and subservicing fees
Servicing			$	88,535					$	63,892
Subservicing			14,678						3,487
MAV (1)			16,623						—
NRZ (1)			67,146						80,385
			186,983						147,764
Ancillary income
Late charges			10,020						9,231
Reverse subservicing ancillary fees			3,086						—
Recording fees			3,250						3,945
Loan collection fees			2,949						2,949
Boarding and deboarding fees			1,761						3,019
Custodial accounts (float earnings)			983						1,008
GSE forbearance fees			184						566
Other, net			3,408						3,256
			25,640						23,974
			$	212,623					$	171,738

(1)Includes servicing and subservicing fees related to transferred MSRs. See Note 8 — MSR Transfers Not Qualifying for Sale Accounting.

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Tabular disclosure of loans serviced by property type.

+ References

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

+ 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)
-URI http://asc.fasb.org/extlink&oid=125521744&loc=d3e122625-111746

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