XML 69 R59.htm IDEA: XBRL DOCUMENT
v3.23.3

Fair Value - Schedule of Significant Assumptions used in Valuation (Details) | Sep. 30, 2023 year USD ($) | Dec. 31, 2022 year USD ($)
--- | --- | ---
Discount rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.095 | 0.076
Loans Held for Investment Reverse Mortgages | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 4.9 | 5.0
Loans Held for Investment Reverse Mortgages | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.183 | 0.180
Loans Held for Investment Reverse Mortgages | Discount rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.057 | 0.051
Loans Held for Investment Reverse Mortgages | Minimum | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.8 | 1.0
Loans Held for Investment Reverse Mortgages | Minimum | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.121 | 0.132
Loans Held for Investment Reverse Mortgages | Maximum | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 7.5 | 7.6
Loans Held for Investment Reverse Mortgages | Maximum | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.407 | 0.450
Fair Value Agency Mortgage Servicing Rights | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.067 | 0.069
Fair Value Agency Mortgage Servicing Rights | Weighted average lifetime delinquency rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.012 | 0.014
Fair Value Agency Mortgage Servicing Rights | Discount rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.097 | 0.096
Fair Value Agency Mortgage Servicing Rights | Weighted average cost to service (in dollars) |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | $ | 71 | 72
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.078 | 0.079
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average lifetime delinquency rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.104 | 0.101
Fair Value Non-Agency Mortgage Servicing Rights | Discount rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.106 | 0.106
Fair Value Non-Agency Mortgage Servicing Rights | Weighted average cost to service (in dollars) |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | $ | 201 | 201
HMBS-Related Borrowings | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 4.9 | 5.0
HMBS-Related Borrowings | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.183 | 0.180
HMBS-Related Borrowings | Discount rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.056 | 0.050
HMBS-Related Borrowings | Minimum | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.8 | 1.0
HMBS-Related Borrowings | Minimum | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.121 | 0.132
HMBS-Related Borrowings | Maximum | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 7.5 | 7.6
HMBS-Related Borrowings | Maximum | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.407 | 0.450
Mortgage Servicing Rights Pledged | Life in years |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 4.5 | 5.6
Mortgage Servicing Rights Pledged | Weighted average prepayment speed |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.070 | 0.076
Mortgage Servicing Rights Pledged | Weighted average lifetime delinquency rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.061 | 0.071
Mortgage Servicing Rights Pledged | Discount rate |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | 0.101 | 0.102
Mortgage Servicing Rights Pledged | Weighted average cost to service (in dollars) |  |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |  |
Measurement input | $ | 163 | 174

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 https://asc.fasb.org/extlink&oid=126976982&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_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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: | 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: |