XML 97 R74.htm IDEA: XBRL DOCUMENT v3.24.0.1

Fair Value - Schedule of Significant Assumptions used in Valuation (Details)	Dec. 31, 2023 year USD ($)	Jun. 30, 2023	Dec. 31, 2022 year USD ($)
Warehouse Mortgage Loan Financing Facility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt instrument stated percentage of interest (percentage)		3.00%
Life in years | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	5.2		5.0
Life in years | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	5.2		5.0
Life in years | Mortgage Servicing Rights Pledged
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	4.3		5.6
Weighted average prepayment speed | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.172		0.180
Weighted average prepayment speed | Fair Value Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.077		0.069
Weighted average prepayment speed | Fair Value Non Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.079		0.079
Weighted average prepayment speed | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.172		0.180
Weighted average prepayment speed | Mortgage Servicing Rights Pledged
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.065		0.076
Weighted average delinquency rate | Fair Value Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.013		0.014
Weighted average delinquency rate | Fair Value Non Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.100		0.101
Weighted average delinquency rate | Mortgage Servicing Rights Pledged
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.028		0.071
Weighted average discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.094		0.076
Weighted average discount rate | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.049		0.051
Weighted average discount rate | Fair Value Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.092		0.096
Weighted average discount rate | Fair Value Non Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.114		0.106
Weighted average discount rate | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.049		0.050
Weighted average discount rate | Mortgage Servicing Rights Pledged
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.096		0.102
Weighted average cost to service (in dollars) | Fair Value Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs | $	71		72
Weighted average cost to service (in dollars) | Fair Value Non Agency Mortgage Servicing Rights
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs | $	192		201
Weighted average cost to service (in dollars) | Mortgage Servicing Rights Pledged
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs | $	130		174
Minimum | Life in years | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.8		1.0
Minimum | Life in years | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.8		1.0
Minimum | Weighted average prepayment speed | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.120		0.132
Minimum | Weighted average prepayment speed | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.120		0.132
Maximum | Life in years | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	7.9		7.6
Maximum | Life in years | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	7.9		7.6
Maximum | Weighted average prepayment speed | Loans Held for Investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.354		0.450
Maximum | Weighted average prepayment speed | HMBS - Related Borrowings
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement inputs	0.354		0.450

X

- Definition

Value of input used to measure alternative investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_AlternativeInvestmentMeasurementInput
Namespace Prefix:	us-gaap_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
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_DebtInstrumentAxis=ocn_WarehouseMortgageLoanFinancingFacilityMember
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_FinancialInstrumentAxis=ocn_LoansHeldforInvestmentReverseMortgagesMember
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:

X

- Details

Name:	us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember
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_FinancialInstrumentAxis=ocn_FairValueNonAgencyMortgageServicingRightsMember
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=us-gaap_MeasurementInputDiscountRateMember
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:	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: