XML 67 R57.htm IDEA: XBRL DOCUMENT
v3.23.2

Fair Value - Schedule of Fair Value Assets and Liabilities (Details) - USD ($) $ in Millions | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | --- | --- | --- | --- | ---
Loans held for sale |  |  |  |  |  |
Loans held for sale, at fair value | $ 1,352.9 | $ 845.2 | $ 617.8 | $ 683.1 | $ 716.0 | $ 917.5
Total Loans held for sale | 1,352.9 |  |  | 683.1 |  |
Financial liabilities |  |  |  |  |  |
Advance match funded liabilities | 430.4 |  | 513.7 |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
HMBS-related borrowings | 7,486.4 | 7,470.6 | 7,326.8 | 7,155.3 | 7,118.8 | 6,885.0
Other financing liabilities, at fair value | 1,274.0 |  | 1,137.4 |  |  |
Other secured borrowings: |  |  |  |  |  |
Mortgage loan financing facilities, net ($238.3 and $— related to VIEs) | 1,515.0 |  | 702.7 |  |  |
MSR financing facilities | 864.8 |  | 953.8 |  |  |
Senior notes: |  |  |  |  |  |
Total Senior notes | 605.0 |  | 599.6 |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative liabilities | 13.2 |  | 15.7 |  |  |
Mortgage servicing rights |  |  |  |  |  |
MSRs | 2,675.7 | 2,580.6 | 2,665.2 | 2,485.7 | 2,323.3 | 2,250.1
Carrying Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Total Loans held for sale | 1,356.6 |  | 622.7 |  |  |
Loans held for investment, at fair value | 7,680.7 |  | 7,510.8 |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 1,274.0 |  | 1,137.4 |  |  |
Senior notes: |  |  |  |  |  |
Total Senior notes | 605.0 |  | 599.6 |  |  |
Fair Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Total Loans held for sale | 1,356.6 |  | 622.7 |  |  |
Loans held for investment, at fair value | 7,680.7 |  | 7,510.8 |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 1,274.0 |  | 1,137.4 |  |  |
Senior notes: |  |  |  |  |  |
Total Senior notes | 561.6 |  | 555.2 |  |  |
ESS Financing Liability |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 258.5 |  | 199.0 |  |  |
Level 3 | Carrying Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Loans held for sale, at fair value | 1,352.9 |  | 617.8 |  |  |
Loans held for sale, at lower of cost or fair value | 3.7 |  | 4.9 |  |  |
Loans held for investment, at fair value | 7,674.8 |  | 7,504.1 |  |  |
Advances, net | 602.7 |  | 718.9 |  |  |
Receivables, net | 188.6 |  | 180.8 |  |  |
Financial liabilities |  |  |  |  |  |
Advance match funded liabilities | 430.4 |  | 513.7 |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
HMBS-related borrowings | 7,486.4 |  | 7,326.8 |  |  |
Other secured borrowings: |  |  |  |  |  |
Mortgage loan financing facilities, net ($238.3 and $— related to VIEs) | 1,515.0 |  | 702.7 |  |  |
MSR financing facilities | 864.8 |  | 953.8 |  |  |
Mortgage servicing rights |  |  |  |  |  |
MSRs | 2,675.7 |  | 2,665.2 |  |  |
Level 3 | Carrying Value | Second Lien |  |  |  |  |  |
Senior notes: |  |  |  |  |  |
Senior secured notes | 234.9 |  | 230.2 |  |  |
Level 3 | Fair Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Loans held for sale, at fair value | 1,352.9 |  | 617.8 |  |  |
Loans held for sale, at lower of cost or fair value | 3.7 |  | 4.9 |  |  |
Loans held for investment, at fair value | 7,674.8 |  | 7,504.1 |  |  |
Advances, net | 602.7 |  | 718.9 |  |  |
Receivables, net | 188.6 |  | 180.8 |  |  |
Financial liabilities |  |  |  |  |  |
Advance match funded liabilities | 430.4 |  | 513.7 |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
HMBS-related borrowings | 7,486.4 |  | 7,326.8 |  |  |
Other secured borrowings: |  |  |  |  |  |
Mortgage loan financing facilities, net ($238.3 and $— related to VIEs) | 1,515.0 |  | 702.7 |  |  |
MSR financing facilities | 845.3 |  | 932.1 |  |  |
Mortgage servicing rights |  |  |  |  |  |
MSRs | 2,675.7 |  | 2,665.2 |  |  |
Level 3 | Fair Value | Second Lien |  |  |  |  |  |
Senior notes: |  |  |  |  |  |
Senior secured notes | 226.5 |  | 223.9 |  |  |
Level 3 | Interest Rate Contract | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Interest rate lock commitments | 1.4 |  | (0.7) |  |  |
Level 3 | Interest Rate Contract | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Interest rate lock commitments | 1.4 |  | (0.7) |  |  |
Level 3 | Other | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Other (a) | (0.1) |  | (0.1) |  |  |
Level 3 | Other | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Other (a) | (0.1) |  | (0.1) |  |  |
Level 3 | ESS Financing Liability | Carrying Value |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 1,009.5 |  | 931.7 |  |  |
Level 3 | ESS Financing Liability | Fair Value |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 1,009.5 |  | 931.7 |  |  |
Level 3 | ESS Financing Liability |  |  |  |  |  |
Mortgage servicing rights |  |  |  |  |  |
Loans related to Ginnie Mae guaranteed securitizations | (258.5) |  |  |  |  |
Level 3 | ESS Financing Liability | Carrying Value |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 258.5 |  | 199.0 |  |  |
Level 3 | ESS Financing Liability | Fair Value |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 258.5 |  | 199.0 |  |  |
Level 3 | Financing Liability - Owed to Securitization Investors |  |  |  |  |  |
Mortgage servicing rights |  |  |  |  |  |
Loans related to Ginnie Mae guaranteed securitizations | (6.0) | (6.2) | (6.7) | (7.3) | (7.7) | (7.9)
Level 3 | Financing Liability - Owed to Securitization Investors | Carrying Value |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 6.0 |  | 6.7 |  |  |
Level 3 | Financing Liability - Owed to Securitization Investors | Fair Value |  |  |  |  |  |
Financing liabilities, at fair value |  |  |  |  |  |
Other financing liabilities, at fair value | 6.0 |  | 6.7 |  |  |
Level 3 | Loans Held for Sale - Fair Value |  |  |  |  |  |
Mortgage servicing rights |  |  |  |  |  |
Loans related to Ginnie Mae guaranteed securitizations | 197.4 | $ 23.3 | 32.1 | $ 41.4 | $ 230.4 | $ 220.9
Level 3 | Loans Held for Sale - Fair Value | Ginnie Mae Loans |  |  |  |  |  |
Mortgage servicing rights |  |  |  |  |  |
Loans related to Ginnie Mae guaranteed securitizations | 197.4 |  |  |  |  |
Level 3 | Loans Held for Investment Securitization Trusts | Carrying Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Loans held for investment, at fair value | 6.0 |  | 6.7 |  |  |
Level 3 | Loans Held for Investment Securitization Trusts | Fair Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Loans held for investment, at fair value | 6.0 |  | 6.7 |  |  |
Level 2 | Carrying Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Loans held for sale, at fair value | 1,352.9 |  | 617.8 |  |  |
Senior notes: |  |  |  |  |  |
Senior secured notes | 370.1 |  | 369.4 |  |  |
Level 2 | Fair Value |  |  |  |  |  |
Loans held for sale |  |  |  |  |  |
Loans held for sale, at fair value | 1,352.9 |  | 617.8 |  |  |
Senior notes: |  |  |  |  |  |
Senior secured notes | 335.1 |  | 331.4 |  |  |
Level 2 | Forward LHFS Trades | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative asset | 0.0 |  | 0.5 |  |  |
Level 2 | Forward LHFS Trades | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative asset | 0.0 |  | 0.5 |  |  |
Level 2 | Option Contracts | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative liabilities | (1.2) |  | 0.0 |  |  |
Level 2 | Option Contracts | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative liabilities | (1.2) |  | 0.0 |  |  |
Level 1 | TBA forward MBS trades | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative liabilities | 0.7 |  | 0.7 |  |  |
Level 1 | TBA forward MBS trades | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative liabilities | 0.7 |  | 0.7 |  |  |
Level 1 | Interest Rate Swap | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative asset | (10.9) |  | (13.6) |  |  |
Level 1 | Interest Rate Swap | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative asset | (10.9) |  | (13.6) |  |  |
Level 1 | TBA Forward Pipelines Trades | Carrying Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative asset | 7.0 |  | 6.6 |  |  |
Level 1 | TBA Forward Pipelines Trades | Fair Value |  |  |  |  |  |
Derivative financial instrument assets (liabilities), net |  |  |  |  |  |
Derivative asset | $ 7.0 |  | $ 6.6 |  |  |

X
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents advances and match funded advances. + References No definition available. + Details
Name: | ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_FinancialLiabilitiesAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Financing Liabilities [Abstract] + References No definition available. + Details
Name: | ocn_FinancingLiabilitiesAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing. + References No definition available. + Details
Name: | ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | ocn_LoansHeldForSaleAtFairValueAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents loans held-for-sale at lower cost of fair value as presented on the statement of financial position which may include mortgage loans held-for-sale, finance receivables held-for-sale, or any other loans classified as held-for-sale which are due the Company as of the balance sheet date. + References No definition available. + Details
Name: | ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This element represents the home equity conversion mortgages insured by FHA. + References No definition available. + Details
Name: | ocn_LoansHeldforInvestmentFairValueDisclosure
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Mortgage Service Rights [Abstract] + References No definition available. + Details
Name: | ocn_MortgageServiceRightsAbstract
Namespace Prefix: | ocn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Other financing liabilities. + References No definition available. + Details
Name: | ocn_OtherFinancingLiabilities
Namespace Prefix: | ocn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126966630&loc=d3e41228-113958 + Details
Name: | us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentDetailAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as a liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeLiabilitiesCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: 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)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables. + References No definition available. + Details
Name: | us-gaap_LoansHeldForSaleFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of mortgage loans held-for-sale. + References No definition available. + Details
Name: | us-gaap_MortgagesHeldForSaleFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of borrowings classified as other, maturing within one year or the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)(7)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_OtherShortTermBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of receivables, including, but not limited to, trade account receivables, note receivables, and loan receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_ReceivablesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 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)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_SecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SeniorLongtermNotesCurrentAndNoncurrentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16(a)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_SeniorNotes
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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 https://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 https://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 https://asc.fasb.org/extlink&oid=128311188&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 https://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 Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (b)(1)(ii) -URI https://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 + Details
Name: | us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityExcessServicingSpreadMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LienCategoryAxis=us-gaap_JuniorLienMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_DerivativeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityMortgageServicingRightsPledgedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_FinancingLiabilityOwedtoSecuritizationInvestorsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=ocn_LoansHeldForSaleFairValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=ocn_GinnieMaeLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_ForwardLHFSTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_OptionContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_TBAForwardMortgageBackedSecuritiesTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=ocn_TBAForwardPipelinesTradesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |