$ONIT
ONITY GROUP INC. Stock $onit

$onit Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000162828024020055 Filed on May 02, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$246.4M	$239.1M
YoY Change	-9.41%	-8.67%
Cost Of Revenue	$13.90M	$15.00M
YoY Change	-22.78%	-4.46%
Gross Profit	$232.5M	$224.1M
YoY Change	-8.46%	-8.94%
Gross Profit Margin	94.36%	93.73%
Selling, General & Admin	$86.20M	$86.00M
YoY Change	39.03%	-8.02%
% of Gross Profit	37.08%	38.38%
Research & Development	$13.00M	$12.70M
YoY Change	0.0%	-5.22%
% of Gross Profit	5.59%	5.67%
Depreciation & Amortization	$2.200M	$1.400M
YoY Change	37.5%	-22.22%
% of Gross Profit	0.95%	0.62%
Operating Expenses	$13.00M	$12.70M
YoY Change	-88.79%	-5.22%
Operating Profit	$219.5M	$211.4M
YoY Change	59.06%	-9.15%
Interest Expense	$73.10M	$67.40M
YoY Change	-262.44%	8.19%
% of Operating Profit	33.3%	31.88%
Other Income/Expense, Net	-$96.20M	-$91.30M
YoY Change	24.94%	-21.97%
Pretax Income	$13.50M	$31.80M
YoY Change	-15.63%	-183.03%
Income Tax	$3.000M	$1.700M
% Of Pretax Income	22.22%	5.35%
Net Earnings	$10.50M	$30.10M
YoY Change	-30.0%	-174.88%
Net Earnings / Revenue	4.26%	12.59%
Basic Earnings Per Share	$1.34	$3.91
Diluted Earnings Per Share	$1.33	$3.74
COMMON SHARES
Basic Shares Outstanding	7.810M shares	7.684M shares
Diluted Shares Outstanding	7.919M shares	8.046M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$203.1M	$185.1M
YoY Change	-4.65%	-14.54%
Cash & Equivalents	$203.1M	$185.1M
Short-Term Investments
Other Short-Term Assets	$29.90M	$34.80M
YoY Change	1.7%	10.48%
Inventory
Prepaid Expenses
Receivables	$153.4M	$121.0M
Other Receivables	$0.00	$31.10M
Total Short-Term Assets	$356.5M	$372.0M
YoY Change	-11.32%	-17.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$12.30M	$11.80M
YoY Change	-27.65%	-37.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$31.30M	$40.20M
YoY Change	-10.57%	-9.26%
Other Assets	$46.30M	$69.50M
YoY Change	-61.09%	65.87%
Total Long-Term Assets	$12.73B	$12.72B
YoY Change	-0.67%	4.43%
TOTAL ASSETS
Total Short-Term Assets	$356.5M	$372.0M
Total Long-Term Assets	$12.73B	$12.72B
Total Assets	$13.08B	$13.09B
YoY Change	-0.99%	3.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$101.6M	$87.10M
YoY Change	-1.55%	-12.11%
Accrued Expenses	$89.10M	$85.80M
YoY Change	15.71%	-33.64%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$190.7M	$172.9M
YoY Change	5.83%	-24.3%
LONG-TERM LIABILITIES
Long-Term Debt	$11.96B	$11.92B
YoY Change	-1.77%	3.1%
Other Long-Term Liabilities	$678.8M	$568.1M
YoY Change	11.83%	33.95%
Total Long-Term Liabilities	$12.64B	$12.49B
YoY Change	-1.12%	4.2%
TOTAL LIABILITIES
Total Short-Term Liabilities	$190.7M	$172.9M
Total Long-Term Liabilities	$12.64B	$12.49B
Total Liabilities	$12.64B	$12.66B
YoY Change	-1.12%	3.66%
SHAREHOLDERS EQUITY
Retained Earnings	-$111.0M	-$121.5M
YoY Change	-1.42%	-5.15%
Common Stock	$100.0K	$100.0K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$446.2M	$432.1M
YoY Change
Total Liabilities & Shareholders Equity	$13.08B	$13.09B
YoY Change	-0.99%	3.67%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$10.50M	$30.10M
YoY Change	-30.0%	-174.88%
Depreciation, Depletion And Amortization	$2.200M	$1.400M
YoY Change	37.5%	-22.22%
Cash From Operating Activities	-$77.80M	-$297.1M
YoY Change	-82.37%	43.25%
INVESTING ACTIVITIES
Capital Expenditures	$35.80M	$100.0K
YoY Change	58.41%	-90.91%
Acquisitions
YoY Change
Other Investing Activities	$167.8M	$22.90M
YoY Change	739.0%
Cash From Investing Activities	$132.0M	-$3.600M
YoY Change	-5176.92%	-81.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-56.00M	$296.8M
YoY Change	-110.76%	42.01%
NET CHANGE
Cash From Operating Activities	-77.80M	-$297.1M
Cash From Investing Activities	132.0M	-$3.600M
Cash From Financing Activities	-56.00M	$296.8M
Net Change In Cash	-1.800M	-$3.900M
YoY Change	-102.35%	-78.69%
FREE CASH FLOW
Cash From Operating Activities	-$77.80M	-$297.1M
Capital Expenditures	$35.80M	$100.0K
Free Cash Flow	-$113.6M	-$297.2M
YoY Change	-75.51%	42.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Other Short Term Borrowings OtherShortTermBorrowings	1108900000	usd
CY2023Q4	us-gaap	Other Short Term Borrowings OtherShortTermBorrowings	710600000	usd
CY2024Q1	us-gaap	Senior Notes SeniorNotes	552000000.0	usd
CY2023Q4	us-gaap	Senior Notes SeniorNotes	595800000	usd
CY2024Q1	us-gaap	Other Liabilities OtherLiabilities	741000000.0	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	692300000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	12658000000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	12111900000	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	13333333	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	13333333	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	100000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	100000	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	554600000	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	554500000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-121500000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-151600000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1100000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1200000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	432100000	usd
CY2024Q1	ocn	Servicing And Subservicing Fees ServicingAndSubservicingFees	204500000	usd
CY2023Q1	ocn	Servicing And Subservicing Fees ServicingAndSubservicingFees	232200000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-40200000	usd
CY2024Q1	ocn	Advances Advances	602700000	usd
CY2023Q4	ocn	Advances Advances	678800000	usd
CY2024Q1	us-gaap	Assets Assets	13090100000	usd
CY2023Q4	us-gaap	Assets Assets	12513700000	usd
CY2024Q1	ocn	Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue	7945000000	usd
CY2023Q4	ocn	Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue	7797300000	usd
CY2024Q1	ocn	Other Financing Liabilities OtherFinancingLiabilities	906800000	usd
CY2023Q4	ocn	Other Financing Liabilities OtherFinancingLiabilities	900000000.0	usd
CY2024Q1	us-gaap	Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount	440200000	usd
CY2023Q4	us-gaap	Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount	499700000	usd
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	964100000	usd
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	916200000	usd
CY2024Q1	us-gaap	Other Liabilities Fair Value Disclosure OtherLiabilitiesFairValueDisclosure	7200000	usd
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7684401	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7684401	shares
CY2023Q4	us-gaap	Other Liabilities Fair Value Disclosure OtherLiabilitiesFairValueDisclosure	7200000	usd
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7784253	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7784253	shares
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	401800000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	13090100000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12513700000	usd
CY2024Q1	ocn	Feeand Commissions Reverse Mortgage Banking FeeandCommissionsReverseMortgageBanking	15400000	usd
CY2023Q1	ocn	Feeand Commissions Reverse Mortgage Banking FeeandCommissionsReverseMortgageBanking	21200000	usd
CY2024Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	10900000	usd
CY2023Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	2800000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	8300000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	5600000	usd
CY2024Q1	us-gaap	Revenues Revenues	239100000	usd
CY2023Q1	us-gaap	Revenues Revenues	261800000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	11600000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	69000000.0	usd
CY2024Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	53600000	usd
CY2023Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	58000000.0	usd
CY2024Q1	ocn	Servicing And Origination ServicingAndOrigination	15000000.0	usd
CY2023Q1	ocn	Servicing And Origination ServicingAndOrigination	15700000	usd
CY2024Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	12700000	usd
CY2023Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	13400000	usd
CY2024Q1	ocn	Professional Fees Income ProfessionalFeesIncome	12000000.0	usd
CY2023Q1	ocn	Professional Fees Income ProfessionalFeesIncome	13300000	usd
CY2024Q1	us-gaap	Occupancy Net OccupancyNet	7700000	usd
CY2023Q1	us-gaap	Occupancy Net OccupancyNet	8800000	usd
CY2024Q1	us-gaap	Other Expenses OtherExpenses	3400000	usd
CY2023Q1	us-gaap	Other Expenses OtherExpenses	4900000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	104400000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	114100000	usd
CY2024Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	17500000	usd
CY2023Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	14100000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	67400000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	62300000	usd
CY2024Q1	us-gaap	Financing Interest Expense FinancingInterestExpense	44900000	usd
CY2023Q1	us-gaap	Financing Interest Expense FinancingInterestExpense	70300000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2700000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	300000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1400000	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-600000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1200000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-91300000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-117000000.0	usd
CY2024Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	31800000	usd
CY2023Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-38300000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1700000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1900000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	30100000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-40200000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.91
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-5.34
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.74
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-5.34
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7711534	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7533561	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8046188	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7533561	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	30100000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-40200000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2024Q1	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	100000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	30200000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-40100000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	401800000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	30100000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	30100000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	100000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	100000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	432100000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	456700000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-300000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	100000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	416300000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	30100000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-40200000	usd
CY2024Q1	ocn	Msr Valuation Adjustment Net Increase Decrease MSRValuationAdjustmentNetIncreaseDecrease	31500000	usd
CY2023Q1	ocn	Msr Valuation Adjustment Net Increase Decrease MSRValuationAdjustmentNetIncreaseDecrease	90300000	usd
CY2024Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	6900000	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	5700000	usd
CY2024Q1	ocn	Provision For Reversal Of Representation And Warranty Obligations ProvisionForReversalOfRepresentationAndWarrantyObligations	1200000	usd
CY2023Q1	ocn	Provision For Reversal Of Representation And Warranty Obligations ProvisionForReversalOfRepresentationAndWarrantyObligations	2900000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1400000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1800000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	8100000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2800000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	900000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1500000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1400000	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2000000.0	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2100000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Financial Instruments Used In Operating Activities IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities	11000000.0	usd
CY2023Q1	us-gaap	Increase Decrease In Other Financial Instruments Used In Operating Activities IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities	14200000	usd
CY2024Q1	us-gaap	Increase Decrease In Mortgage Loans Held For Sale IncreaseDecreaseInMortgageLoansHeldForSale	10900000	usd
CY2023Q1	us-gaap	Increase Decrease In Mortgage Loans Held For Sale IncreaseDecreaseInMortgageLoansHeldForSale	2800000	usd
CY2024Q1	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	2988900000	usd
CY2023Q1	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	2552400000	usd
CY2024Q1	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	2604100000	usd
CY2023Q1	us-gaap	Proceeds From Sale And Collection Of Loans Heldforsale ProceedsFromSaleAndCollectionOfLoansHeldforsale	2312300000	usd
CY2024Q1	ocn	Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances	-73500000	usd
CY2023Q1	ocn	Increase Decrease In Advances And Transfers Accounted For As Secured Borrowings Advances IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances	-62800000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	-19600000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	28300000	usd
CY2024Q1	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	34800000	usd
CY2023Q1	us-gaap	Increase Decrease In Derivative Assets And Liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities	29000000.0	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-21000000.0	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-20500000	usd
CY2024Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-8200000	usd
CY2023Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-2200000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-297100000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-207400000	usd
CY2024Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	250300000	usd
CY2023Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	235300000	usd
CY2024Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	277000000.0	usd
CY2023Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	236100000	usd
CY2024Q1	us-gaap	Payments To Acquire Mortgage Servicing Rights Msr PaymentsToAcquireMortgageServicingRightsMSR	26400000	usd
CY2023Q1	us-gaap	Payments To Acquire Mortgage Servicing Rights Msr PaymentsToAcquireMortgageServicingRightsMSR	30400000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Mortgage Servicing Rights Msr ProceedsFromSaleOfMortgageServicingRightsMSR	100000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Mortgage Servicing Rights Msr ProceedsFromSaleOfMortgageServicingRightsMSR	300000	usd
CY2024Q1	ocn	Proceeds From Sale Of Advances ProceedsFromSaleOfAdvances	900000	usd
CY2023Q1	ocn	Proceeds From Sale Of Advances ProceedsFromSaleOfAdvances	4600000	usd
CY2024Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	11900000	usd
CY2023Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	500000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans	7000000.0	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans	800000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	100000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1100000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	100000	usd
CY2024Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	100000	usd
CY2023Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	5500000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3600000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-19900000	usd
CY2024Q1	ocn	Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities	59500000	usd
CY2023Q1	ocn	Repayment Of Proceeds From Transfers Accounted For As Secured Borrowings Associated Liabilities RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities	43800000	usd
CY2024Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	396800000	usd
CY2023Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	245600000	usd
CY2024Q1	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	377800000	usd
CY2023Q1	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	144400000	usd
CY2024Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	329100000	usd
CY2023Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	183300000	usd
CY2024Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	45500000	usd
CY2023Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	usd
CY2024Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3000000.0	usd
CY2023Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	usd
CY2024Q1	ocn	Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing	4000000.0	usd
CY2023Q1	ocn	Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing	3300000	usd
CY2024Q1	ocn	Proceeds From Excess Servicing Spread Financing ProceedsFromExcessServicingSpreadFinancing	0	usd
CY2023Q1	ocn	Proceeds From Excess Servicing Spread Financing ProceedsFromExcessServicingSpreadFinancing	68700000	usd
CY2024Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	20000000.0	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	21800000	usd
CY2024Q1	ocn	Proceeds From Sale Of Finance Receivables Accounted For As Financing ProceedsFromSaleOfFinanceReceivablesAccountedForAsFinancing	247400000	usd
CY2023Q1	ocn	Proceeds From Sale Of Finance Receivables Accounted For As Financing ProceedsFromSaleOfFinanceReceivablesAccountedForAsFinancing	231200000	usd
CY2024Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	272100000	usd
CY2023Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	235300000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	296800000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	209000000.0	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3900000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-18300000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	255100000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	274200000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	251200000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	255900000	usd
CY2024Q1	ocn	Recognitionof Gross Rightofuse Asset RecognitionofGrossRightofuseAsset	100000	usd
CY2023Q1	ocn	Recognitionof Gross Rightofuse Asset RecognitionofGrossRightofuseAsset	600000	usd
CY2024Q1	ocn	Recognitionof Lease Liability RecognitionofLeaseLiability	100000	usd
CY2023Q1	ocn	Recognitionof Lease Liability RecognitionofLeaseLiability	600000	usd
CY2024Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	1000000.0	usd
CY2023Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	1600000	usd
CY2024Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	3000000.0	usd
CY2023Q1	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	4400000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	185100000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	216600000	usd
CY2024Q1	ocn	Debt Service Accounts DebtServiceAccounts	37200000	usd
CY2023Q1	ocn	Debt Service Accounts DebtServiceAccounts	21500000	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	28900000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	17800000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	251200000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	255900000	usd
CY2024Q1	dei	Entity Number Of Employees EntityNumberOfEmployees	4400	numberofemployees
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates and Assumptions</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates and assumptions include, but are not limited to, those that relate to fair value measurements, income taxes and the provision for losses that may arise from contingencies including litigation proceedings. In developing estimates and assumptions, management uses all available information; however, actual results could materially differ from those estimates and assumptions.</span></div>
CY2024Q1	ocn	Average Periodto Securitization AveragePeriodtoSecuritization	P30D
CY2024Q1	us-gaap	Proceeds From Securitizations Of Loans Held For Sale ProceedsFromSecuritizationsOfLoansHeldForSale	2558900000	usd
CY2023Q1	us-gaap	Proceeds From Securitizations Of Loans Held For Sale ProceedsFromSecuritizationsOfLoansHeldForSale	2316800000	usd
CY2024Q1	us-gaap	Cash Flows Between Transferee And Transferor Servicing Fees CashFlowsBetweenTransfereeAndTransferorServicingFees	38300000	usd
CY2023Q1	us-gaap	Cash Flows Between Transferee And Transferor Servicing Fees CashFlowsBetweenTransfereeAndTransferorServicingFees	27000000.0	usd
CY2024Q1	us-gaap	Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets	2500000	usd
CY2023Q1	us-gaap	Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets	3100000	usd
CY2024Q1	ocn	Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales	2594700000	usd
CY2023Q1	ocn	Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales	2340600000	usd
CY2024Q1	ocn	Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales	34700000	usd
CY2023Q1	ocn	Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales	31100000	usd
CY2024Q1	ocn	Unpaid Principal Balance Of Loans Transferred UnpaidPrincipalBalanceOfLoansTransferred	48788700000	usd
CY2023Q4	ocn	Unpaid Principal Balance Of Loans Transferred UnpaidPrincipalBalanceOfLoansTransferred	46810100000	usd
CY2024Q1	ocn	Maximum Exposure To Loss MaximumExposureToLoss	49583400000	usd
CY2023Q4	ocn	Maximum Exposure To Loss MaximumExposureToLoss	47545600000	usd
CY2024Q1	ocn	Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue	0.027
	ocn	Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue	0.028
CY2023Q4	us-gaap	Financing Receivable Threshold Period Past Due FinancingReceivableThresholdPeriodPastDue	P60D
CY2024Q1	us-gaap	Financing Receivable Threshold Period Past Due FinancingReceivableThresholdPeriodPastDue	P60D
CY2023Q4	us-gaap	Financing Receivable Threshold Period Past Due FinancingReceivableThresholdPeriodPastDue	P60D
CY2024Q1	us-gaap	Financing Receivable Threshold Period Past Due FinancingReceivableThresholdPeriodPastDue	P60D
CY2024Q1	us-gaap	Assets Sold Under Agreements To Repurchase Carrying Amounts AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts	34000000	usd
CY2024Q1	ocn	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Prepayment Speed Percent SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInPrepaymentSpeedPercent	0.008
CY2024Q1	ocn	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Prepayment Speed Percent SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInPrepaymentSpeedPercent	0.016
CY2024Q1	us-gaap	Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed	54800000	usd
CY2024Q1	us-gaap	Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed	109000000.0	usd
CY2024Q1	ocn	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Discount Rate Percent SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInDiscountRatePercent	0.010
CY2024Q1	ocn	Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Discount Rate Percent SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInDiscountRatePercent	0.020
CY2024Q1	us-gaap	Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Discount Rate SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate	80100000	usd
CY2024Q1	us-gaap	Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Discount Rate SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate	153400000	usd
CY2024Q1	ocn	Principal Amount Outstanding On Loans Held For Sale PrincipalAmountOutstandingOnLoansHeldForSale	1065200000	usd
CY2023Q1	ocn	Principal Amount Outstanding On Loans Held For Sale PrincipalAmountOutstandingOnLoansHeldForSale	678800000	usd
CY2024Q1	ocn	Premium Discount Balance On Loans Held For Sale PremiumDiscountBalanceOnLoansHeldForSale	-34700000	usd
CY2023Q1	ocn	Premium Discount Balance On Loans Held For Sale PremiumDiscountBalanceOnLoansHeldForSale	-2400000	usd
CY2024Q1	ocn	Fair Value Adjustment To Loans Held For Sale FairValueAdjustmentToLoansHeldForSale	-4800000	usd
CY2023Q1	ocn	Fair Value Adjustment To Loans Held For Sale FairValueAdjustmentToLoansHeldForSale	-2200000	usd
CY2024Q1	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	1025700000	usd
CY2023Q4	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	674200000	usd
CY2024Q1	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	1025700000	usd
CY2023Q4	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	674200000	usd
CY2023Q4	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	674200000	usd
CY2022Q4	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	617800000	usd
CY2024Q1	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	2988900000	usd
CY2023Q1	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	2552400000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	2581000000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Mortgage Loans Held For Sale ProceedsFromSaleOfMortgageLoansHeldForSale	2296100000	usd
CY2024Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	23100000	usd
CY2023Q1	us-gaap	Proceeds From Loan And Lease Originations And Principal Collections1 ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1	15400000	usd
CY2024Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	1000000.0	usd
CY2023Q1	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	1600000	usd
CY2024Q1	ocn	Transfer Of Portfolio Loans To Receivables TransferOfPortfolioLoansToReceivables	-10600000	usd
CY2023Q1	ocn	Transfer Of Portfolio Loans To Receivables TransferOfPortfolioLoansToReceivables	1100000	usd
CY2024Q1	ocn	Transfer Of Portfolio Loans To Real Estate Owned TransferOfPortfolioLoansToRealEstateOwned	3000000.0	usd
CY2023Q1	ocn	Transfer Of Portfolio Loans To Real Estate Owned TransferOfPortfolioLoansToRealEstateOwned	4200000	usd
CY2024Q1	ocn	Capitalization Of Advances On Ginnie Mae Modifications CapitalizationOfAdvancesOnGinnieMaeModifications	2100000	usd
CY2023Q1	ocn	Capitalization Of Advances On Ginnie Mae Modifications CapitalizationOfAdvancesOnGinnieMaeModifications	2000000.0	usd
CY2024Q1	us-gaap	Increase Decrease In Loans Held For Sale IncreaseDecreaseInLoansHeldForSale	-27500000	usd
CY2023Q1	us-gaap	Increase Decrease In Loans Held For Sale IncreaseDecreaseInLoansHeldForSale	-17200000	usd
CY2024Q1	ocn	Other Adjustment Mortgage Loans Held For Sale OtherAdjustmentMortgageLoansHeldForSale	4700000	usd
CY2023Q1	ocn	Other Adjustment Mortgage Loans Held For Sale OtherAdjustmentMortgageLoansHeldForSale	3100000	usd
CY2024Q1	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	1025700000	usd
CY2023Q1	us-gaap	Loans Held For Sale Fair Value Disclosure LoansHeldForSaleFairValueDisclosure	845200000	usd
CY2024Q1	ocn	Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales	34700000	usd
CY2023Q1	ocn	Servicing Assets Additions Recognizedfrom Securitization Trusts Related To Transfers Accounted For As Sales ServicingAssetsAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales	31100000	usd
CY2024Q1	ocn	Change In Fair Value Of Mortgage Loans Held For Sale ChangeInFairValueOfMortgageLoansHeldForSale	-2500000	usd
CY2023Q1	ocn	Change In Fair Value Of Mortgage Loans Held For Sale ChangeInFairValueOfMortgageLoansHeldForSale	4800000	usd
CY2024Q1	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	7200000	usd
CY2023Q1	us-gaap	Debt And Equity Securities Gain Loss DebtAndEquitySecuritiesGainLoss	13900000	usd
CY2024Q1	us-gaap	Gain Loss On Fair Value Hedges Recognized In Earnings GainLossOnFairValueHedgesRecognizedInEarnings	4600000	usd
CY2023Q1	us-gaap	Gain Loss On Fair Value Hedges Recognized In Earnings GainLossOnFairValueHedgesRecognizedInEarnings	-16400000	usd
CY2024Q1	ocn	Gain Loss On Interest Rate Derivative Instruments GainLossOnInterestRateDerivativeInstruments	-600000	usd
CY2023Q1	ocn	Gain Loss On Interest Rate Derivative Instruments GainLossOnInterestRateDerivativeInstruments	5700000	usd
CY2024Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	-300000	usd
CY2023Q1	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	-300000	usd
CY2024Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	10900000	usd
CY2023Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	2800000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Unpaid Principal LoansHeldForInvestmentReverseMortgagesUnpaidPrincipal	7764300000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages Unpaid Principal LoansHeldForInvestmentReverseMortgagesUnpaidPrincipal	7664700000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Fair Value Adjustment LoansHeldForInvestmentReverseMortgagesFairValueAdjustment	360700000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages Fair Value Adjustment LoansHeldForInvestmentReverseMortgagesFairValueAdjustment	305300000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	8125000000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	7970000000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Securitized Loans LoansHeldForInvestmentReverseMortgagesSecuritizedLoans	8018200000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages Securitized Loans LoansHeldForInvestmentReverseMortgagesSecuritizedLoans	7868500000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Un Securitized Loans LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans	106800000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages Un Securitized Loans LoansHeldForInvestmentReverseMortgagesUnSecuritizedLoans	101500000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	8125000000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	7970000000	usd
CY2023Q4	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	7970000000	usd
CY2023Q4	ocn	Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue	7797300000	usd
CY2022Q4	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	7504100000	usd
CY2022Q4	ocn	Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue	7326800000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Originations LoansHeldForInvestmentReverseMortgagesOriginations	250300000	usd
CY2023Q1	ocn	Loans Held For Investment Reverse Mortgages Originations LoansHeldForInvestmentReverseMortgagesOriginations	235300000	usd
CY2024Q1	ocn	Hmbs Related Borrowings Securitization HMBSRelatedBorrowingsSecuritization	247400000	usd
CY2023Q1	ocn	Hmbs Related Borrowings Securitization HMBSRelatedBorrowingsSecuritization	231200000	usd
CY2024Q1	ocn	Hmbs Related Borrowings Additional Proceeds From Securitization Of Hecm Loans And Tails HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails	3400000	usd
CY2023Q1	ocn	Hmbs Related Borrowings Additional Proceeds From Securitization Of Hecm Loans And Tails HMBSRelatedBorrowingsAdditionalProceedsFromSecuritizationOfHECMLoansAndTails	6400000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Repayments LoansHeldForInvestmentReverseMortgagesRepayments	276900000	usd
CY2024Q1	ocn	Hmbs Related Borrowings Repayments HMBSRelatedBorrowingsRepayments	272100000	usd
CY2023Q1	ocn	Loans Held For Investment Reverse Mortgages Repayments LoansHeldForInvestmentReverseMortgagesRepayments	235600000	usd
CY2023Q1	ocn	Hmbs Related Borrowings Repayments HMBSRelatedBorrowingsRepayments	235300000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue	1000000.0	usd
CY2023Q1	ocn	Loans Held For Investment Reverse Mortgages Loans Held For Sale At Fair Value LoansHeldForInvestmentReverseMortgagesLoansHeldForSaleAtFairValue	1600000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Receivables Net LoansHeldForInvestmentReverseMortgagesReceivablesNet	900000	usd
CY2023Q1	ocn	Loans Held For Investment Reverse Mortgages Receivables Net LoansHeldForInvestmentReverseMortgagesReceivablesNet	900000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages Fair Value Changes LoansHeldForInvestmentReverseMortgagesFairValueChanges	183500000	usd
CY2024Q1	ocn	Hmbs Related Borrowings Change In Fair Value HMBSRelatedBorrowingsChangeInFairValue	-169000000.0	usd
CY2023Q1	ocn	Loans Held For Investment Reverse Mortgages Fair Value Changes LoansHeldForInvestmentReverseMortgagesFairValueChanges	161500000	usd
CY2023Q1	ocn	Hmbs Related Borrowings Change In Fair Value HMBSRelatedBorrowingsChangeInFairValue	-141500000	usd
CY2024Q1	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	8125000000	usd
CY2024Q1	ocn	Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue	7945000000	usd
CY2023Q1	ocn	Loans Held For Investment Reverse Mortgages LoansHeldForInvestmentReverseMortgages	7662800000	usd
CY2023Q1	ocn	Home Equity Conversion Mortgage Backed Securities Related Borrowings At Fair Value HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue	7470600000	usd
CY2024Q1	us-gaap	Gain Loss On Securitization Of Financial Assets GainLossOnSecuritizationOfFinancialAssets	5900000	usd
CY2023Q1	us-gaap	Gain Loss On Securitization Of Financial Assets GainLossOnSecuritizationOfFinancialAssets	6300000	usd
CY2024Q1	ocn	Net Interest Income Servicing Fee NetInterestIncomeServicingFee	6000000.0	usd
CY2023Q1	ocn	Net Interest Income Servicing Fee NetInterestIncomeServicingFee	5900000	usd
CY2024Q1	ocn	Loands Held For Investment Reverse Mortgage Other Change In Fair Value LoandsHeldForInvestmentReverseMortgageOtherChangeInFairValue	2600000	usd
CY2023Q1	ocn	Loands Held For Investment Reverse Mortgage Other Change In Fair Value LoandsHeldForInvestmentReverseMortgageOtherChangeInFairValue	8200000	usd
CY2024Q1	us-gaap	Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings	14500000	usd
CY2023Q1	us-gaap	Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings	20400000	usd
CY2024Q1	us-gaap	Interest And Fee Income Other Loans InterestAndFeeIncomeOtherLoans	900000	usd
CY2023Q1	us-gaap	Interest And Fee Income Other Loans InterestAndFeeIncomeOtherLoans	800000	usd
CY2024Q1	ocn	Feeand Commissions Reverse Mortgage Banking FeeandCommissionsReverseMortgageBanking	15400000	usd
CY2023Q1	ocn	Feeand Commissions Reverse Mortgage Banking FeeandCommissionsReverseMortgageBanking	21200000	usd
CY2024Q1	ocn	Advances Payments On Behalf Of Borrower Gross AdvancesPaymentsOnBehalfOfBorrowerGross	610500000	usd
CY2023Q4	ocn	Advances Payments On Behalf Of Borrower Gross AdvancesPaymentsOnBehalfOfBorrowerGross	686100000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7700000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7300000	usd
CY2024Q1	ocn	Advances Payments On Behalf Of Borrower Net Of Valuation Allowance AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance	602700000	usd
CY2023Q4	ocn	Advances Payments On Behalf Of Borrower Net Of Valuation Allowance AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance	678800000	usd
CY2023Q4	ocn	Advances Payments On Behalf Of Borrower Before Allowance For Losses AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses	686100000	usd
CY2022Q4	ocn	Advances Payments On Behalf Of Borrower Before Allowance For Losses AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses	725100000	usd
CY2024Q1	ocn	Advances Payments On Behalf Of Borrower Increase AdvancesPaymentsOnBehalfOfBorrowerIncrease	199400000	usd
CY2023Q1	ocn	Advances Payments On Behalf Of Borrower Increase AdvancesPaymentsOnBehalfOfBorrowerIncrease	188900000	usd
CY2024Q1	ocn	Advances Payments On Behalf Of Borrower Transfers To Other Assets AdvancesPaymentsOnBehalfOfBorrowerTransfersToOtherAssets	-2900000	usd
CY2023Q1	ocn	Advances Payments On Behalf Of Borrower Transfers To Other Assets AdvancesPaymentsOnBehalfOfBorrowerTransfersToOtherAssets	-8900000	usd
CY2024Q1	ocn	Advances Paymentson Behalfof Borrower Sales AdvancesPaymentsonBehalfofBorrowerSales	1000000.0	usd
CY2023Q1	ocn	Advances Paymentson Behalfof Borrower Sales AdvancesPaymentsonBehalfofBorrowerSales	4200000	usd
CY2024Q1	ocn	Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet	276900000	usd
CY2023Q1	ocn	Advances Paymentson Behalfof Borrowers Collection Of Advances Charge Offs And Other Net AdvancesPaymentsonBehalfofBorrowersCollectionOfAdvancesChargeOffsAndOtherNet	255600000	usd
CY2024Q1	ocn	Advances Payments On Behalf Of Borrower Before Allowance For Losses AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses	610500000	usd
CY2023Q1	ocn	Advances Payments On Behalf Of Borrower Before Allowance For Losses AdvancesPaymentsOnBehalfOfBorrowerBeforeAllowanceForLosses	663100000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7300000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	6200000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	2900000	usd
CY2023Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	1700000	usd
CY2024Q1	ocn	Financing Receivable Allowance For Credit Loss Writeoffs And Other FinancingReceivableAllowanceForCreditLossWriteoffsAndOther	2500000	usd
CY2023Q1	ocn	Financing Receivable Allowance For Credit Loss Writeoffs And Other FinancingReceivableAllowanceForCreditLossWriteoffsAndOther	1700000	usd
CY2024Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	7700000	usd
CY2023Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	6200000	usd
CY2024Q1	ocn	Advances Payments On Behalf Of Borrower Net AdvancesPaymentsOnBehalfOfBorrowerNet	602700000	usd
CY2023Q1	ocn	Advances Payments On Behalf Of Borrower Net AdvancesPaymentsOnBehalfOfBorrowerNet	656900000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2374700000	usd
CY2024Q1	ocn	Assets Serviced AssetsServiced	171300000000	usd
CY2023Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2272200000	usd
CY2023Q4	ocn	Assets Serviced AssetsServiced	169700000000	usd
CY2023Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2272200000	usd
CY2022Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2665200000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Disposals ServicingAssetAtFairValueDisposals	0	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Disposals ServicingAssetAtFairValueDisposals	0	usd
CY2024Q1	ocn	Servicing Assets At Fair Value Additions Recognized From Mortgage Sales ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales	34700000	usd
CY2023Q1	ocn	Servicing Assets At Fair Value Additions Recognized From Mortgage Sales ServicingAssetsAtFairValueAdditionsRecognizedFromMortgageSales	31100000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	27000000.0	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Additions ServicingAssetAtFairValueAdditions	25000000.0	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	-1300000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Other Changes That Affect Balance ServicingAssetAtFairValueOtherChangesThatAffectBalance	0	usd
CY2024Q1	ocn	Servicing Assets At Fair Value Net Additions Sales Recognized ServicingAssetsAtFairValueNetAdditionsSalesRecognized	60400000	usd
CY2023Q1	ocn	Servicing Assets At Fair Value Net Additions Sales Recognized ServicingAssetsAtFairValueNetAdditionsSalesRecognized	56000000.0	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions	-101800000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions	83600000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	59800000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Other Changes In Fair Value ServicingAssetAtFairValueOtherChangesInFairValue	57100000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Period Increase Decrease ServicingAssetAtFairValuePeriodIncreaseDecrease	-42000000.0	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Period Increase Decrease ServicingAssetAtFairValuePeriodIncreaseDecrease	140700000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2374700000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	2580600000	usd
CY2024Q1	ocn	Assets Serviced AssetsServiced	171300000000	usd
CY2023Q4	ocn	Assets Serviced AssetsServiced	169700000000	usd
CY2024Q1	us-gaap	Financing Receivable Percent Past Due1 FinancingReceivablePercentPastDue1	0.071
CY2023Q4	us-gaap	Financing Receivable Percent Past Due1 FinancingReceivablePercentPastDue1	0.075
CY2024Q1	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	90400000	usd
CY2023Q1	us-gaap	Contractually Specified Servicing Fees Amount ContractuallySpecifiedServicingFeesAmount	90000000.0	usd
CY2024Q1	ocn	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	27500000	usd
CY2023Q1	ocn	Contractually Specified Subservicing Fees Amount ContractuallySpecifiedSubservicingFeesAmount	19700000	usd
CY2024Q1	ocn	Contractually Specified Servicing And Subservicing Fees Amount Total ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal	156600000	usd
CY2023Q1	ocn	Contractually Specified Servicing And Subservicing Fees Amount Total ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal	187500000	usd
CY2024Q1	ocn	Float Earnings Earned In Exchange For Servicing Financial Assets FloatEarningsEarnedInExchangeForServicingFinancialAssets	27200000	usd
CY2023Q1	ocn	Float Earnings Earned In Exchange For Servicing Financial Assets FloatEarningsEarnedInExchangeForServicingFinancialAssets	20200000	usd
CY2024Q1	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	8000000.0	usd
CY2023Q1	us-gaap	Late Fee Income Generated By Servicing Financial Assets Amount LateFeeIncomeGeneratedByServicingFinancialAssetsAmount	9600000	usd
CY2024Q1	ocn	Reverse Subservicing Ancillary Income ReverseSubservicingAncillaryIncome	6700000	usd
CY2023Q1	ocn	Reverse Subservicing Ancillary Income ReverseSubservicingAncillaryIncome	8100000	usd
CY2024Q1	ocn	Loan Collection Fees Earned In Exchange For Servicing Financial Assets LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets	1800000	usd
CY2023Q1	ocn	Loan Collection Fees Earned In Exchange For Servicing Financial Assets LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets	2600000	usd
CY2024Q1	ocn	Recording Fees RecordingFees	1100000	usd
CY2023Q1	ocn	Recording Fees RecordingFees	1200000	usd
CY2024Q1	ocn	Boarding And De Boarding Fees BoardingAndDeBoardingFees	700000	usd
CY2023Q1	ocn	Boarding And De Boarding Fees BoardingAndDeBoardingFees	900000	usd
CY2024Q1	ocn	Gse Forbearance Fees GSEForbearanceFees	100000	usd
CY2023Q1	ocn	Gse Forbearance Fees GSEForbearanceFees	200000	usd
CY2024Q1	us-gaap	Ancillary Fee Income Generated By Servicing Financial Assets Amount AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount	2300000	usd
CY2023Q1	us-gaap	Ancillary Fee Income Generated By Servicing Financial Assets Amount AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount	2000000.0	usd
CY2024Q1	us-gaap	Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets	48000000.0	usd
CY2023Q1	us-gaap	Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets	44700000	usd
CY2024Q1	ocn	Servicing And Subservicing Fees ServicingAndSubservicingFees	204500000	usd
CY2023Q1	ocn	Servicing And Subservicing Fees ServicingAndSubservicingFees	232200000	usd
CY2024Q1	ocn	Servicing And Subservicing Fees Owned Msr ServicingAndSubservicingFeesOwnedMSR	164300000	usd
CY2023Q1	ocn	Servicing And Subservicing Fees Owned Msr ServicingAndSubservicingFeesOwnedMSR	151000000.0	usd
CY2024Q1	ocn	Servicing And Subservicing Fees Transferred Msr ServicingAndSubservicingFeesTransferredMSR	40200000	usd
CY2023Q1	ocn	Servicing And Subservicing Fees Transferred Msr ServicingAndSubservicingFeesTransferredMSR	81100000	usd
CY2024Q1	ocn	Ancillary Fees Transferred Msr AncillaryFeesTransferredMSR	3600000	usd
CY2023Q1	ocn	Ancillary Fees Transferred Msr AncillaryFeesTransferredMSR	5200000	usd
CY2024Q1	us-gaap	Fair Value Disclosure Offbalance Sheet Risks Amount Asset FairValueDisclosureOffbalanceSheetRisksAmountAsset	1890000000	usd
CY2023Q4	us-gaap	Fair Value Disclosure Offbalance Sheet Risks Amount Asset FairValueDisclosureOffbalanceSheetRisksAmountAsset	1560000000	usd
CY2024Q1	ocn	Other Financing Liabilities OtherFinancingLiabilities	906800000	usd
CY2023Q4	ocn	Other Financing Liabilities OtherFinancingLiabilities	900000000.0	usd
CY2024Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	36600000	usd
CY2023Q1	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	76000000.0	usd
CY2024Q1	ocn	Bank Servicing Fees Retained BankServicingFeesRetained	-7100000	usd
CY2023Q1	ocn	Bank Servicing Fees Retained BankServicingFeesRetained	-19500000	usd
CY2024Q1	ocn	Ancillary And Other Settlement AncillaryAndOtherSettlement	2300000	usd
CY2023Q1	ocn	Ancillary And Other Settlement AncillaryAndOtherSettlement	3300000	usd
CY2024Q1	us-gaap	Financing Interest Expense FinancingInterestExpense	44900000	usd
CY2023Q1	us-gaap	Financing Interest Expense FinancingInterestExpense	70300000	usd
CY2022Q2	ocn	Servicing Agreement Renewal Term ServicingAgreementRenewalTerm	P1Y
CY2024Q1	ocn	Number Of Subservicers NumberOfSubservicers	3	subservicer
CY2024Q1	ocn	Total Msr Reserve Fair Value Gains Losses TotalMSRReserveFairValueGainsLosses	42000000.0	usd
CY2023Q1	ocn	Total Msr Reserve Fair Value Gains Losses TotalMSRReserveFairValueGainsLosses	-140500000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	11600000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	69000000.0	usd
CY2024Q1	ocn	Servicing Receivable Government Insured Loan Claims ServicingReceivableGovernmentInsuredLoanClaims	38900000	usd
CY2023Q4	ocn	Servicing Receivable Government Insured Loan Claims ServicingReceivableGovernmentInsuredLoanClaims	43600000	usd
CY2024Q1	ocn	Servicing Receivable Government Insured Loan Claims Reverse ServicingReceivableGovernmentInsuredLoanClaimsReverse	61300000	usd
CY2023Q4	ocn	Servicing Receivable Government Insured Loan Claims Reverse ServicingReceivableGovernmentInsuredLoanClaimsReverse	64500000	usd
CY2024Q1	ocn	Servicing Receivable Due From Custodial Accounts ServicingReceivableDueFromCustodialAccounts	14600000	usd
CY2023Q4	ocn	Servicing Receivable Due From Custodial Accounts ServicingReceivableDueFromCustodialAccounts	13800000	usd
CY2024Q1	ocn	Subservicing Fees And Reimbursable Expenses SubservicingFeesAndReimbursableExpenses	12800000	usd
CY2023Q4	ocn	Subservicing Fees And Reimbursable Expenses SubservicingFeesAndReimbursableExpenses	14300000	usd
CY2024Q1	ocn	Receivables From Sale Of Mortgage Servicing Rights ReceivablesFromSaleOfMortgageServicingRights	6700000	usd
CY2023Q4	ocn	Receivables From Sale Of Mortgage Servicing Rights ReceivablesFromSaleOfMortgageServicingRights	5100000	usd
CY2024Q1	ocn	Subservicing Fees And Reimbursable Expenses Due From Mav SubservicingFeesAndReimbursableExpensesDueFromMAV	600000	usd
CY2023Q4	ocn	Subservicing Fees And Reimbursable Expenses Due From Mav SubservicingFeesAndReimbursableExpensesDueFromMAV	3400000	usd
CY2024Q1	ocn	Servicing Receivable Other ServicingReceivableOther	8800000	usd
CY2023Q4	ocn	Servicing Receivable Other ServicingReceivableOther	4500000	usd
CY2024Q1	ocn	Servicing Receivable Net ServicingReceivableNet	143700000	usd
CY2023Q4	ocn	Servicing Receivable Net ServicingReceivableNet	149200000	usd
CY2024Q1	us-gaap	Income Tax Receivable IncomeTaxReceivable	27000000.0	usd
CY2023Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	27100000	usd
CY2024Q1	ocn	Other Receivables Net OtherReceivablesNet	4100000	usd
CY2023Q4	ocn	Other Receivables Net OtherReceivablesNet	3600000	usd
CY2024Q1	ocn	Other Receivables Gross OtherReceivablesGross	174800000	usd
CY2023Q4	ocn	Other Receivables Gross OtherReceivablesGross	179900000	usd
CY2024Q1	ocn	Other Receivables Allowance For Losses OtherReceivablesAllowanceForLosses	22700000	usd
CY2023Q4	ocn	Other Receivables Allowance For Losses OtherReceivablesAllowanceForLosses	25100000	usd
CY2024Q1	us-gaap	Other Receivables OtherReceivables	152100000	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	154800000	usd
CY2024Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	40200000	usd
CY2023Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	21000000.0	usd
CY2024Q1	us-gaap	Senior Notes SeniorNotes	552000000.0	usd
CY2023Q4	us-gaap	Senior Notes SeniorNotes	595800000	usd
CY2024Q1	ocn	Subservicing Asset Net Asset Value SubservicingAssetNetAssetValue	10900000	usd
CY2024Q1	ocn	Loan Repurchase Asset LoanRepurchaseAsset	416300000	usd
CY2023Q4	ocn	Loan Repurchase Asset LoanRepurchaseAsset	343000000.0	usd
CY2024Q1	us-gaap	Other Real Estate OtherRealEstate	21800000	usd
CY2023Q4	us-gaap	Other Real Estate OtherRealEstate	18300000	usd
CY2024Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	21300000	usd
CY2023Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	24200000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	11900000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	21600000	usd
CY2024Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	8500000	usd
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	10100000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	11000000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10100000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5300000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6200000	usd
CY2024Q1	us-gaap	Prepaid Expense Other Noncurrent PrepaidExpenseOtherNoncurrent	5000000.0	usd
CY2023Q4	us-gaap	Prepaid Expense Other Noncurrent PrepaidExpenseOtherNoncurrent	5000000.0	usd
CY2024Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3400000	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3100000	usd
CY2024Q1	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	2600000	usd
CY2023Q4	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	12800000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	4600000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	5000000.0	usd
CY2024Q1	us-gaap	Other Assets OtherAssets	500600000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	449200000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	30100000	usd
CY2024Q1	us-gaap	Assets Sold Under Agreements To Repurchase Repurchase Liability AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability	416300000	usd
CY2023Q4	us-gaap	Assets Sold Under Agreements To Repurchase Repurchase Liability AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability	343000000.0	usd
CY2024Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	59000000.0	usd
CY2023Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	67500000	usd
CY2024Q1	ocn	Checks Held For Escheat ChecksHeldForEscheat	53700000	usd
CY2023Q4	ocn	Checks Held For Escheat ChecksHeldForEscheat	52000000.0	usd
CY2024Q1	ocn	Remittance Of Advances And Servicing Fees RemittanceOfAdvancesAndServicingFees	50000000.0	usd
CY2023Q4	ocn	Remittance Of Advances And Servicing Fees RemittanceOfAdvancesAndServicingFees	50300000	usd
CY2024Q1	ocn	Due To Servicing And Subservicing Investors DueToServicingAndSubservicingInvestors	37100000	usd
CY2023Q4	ocn	Due To Servicing And Subservicing Investors DueToServicingAndSubservicingInvestors	48400000	usd
CY2024Q1	ocn	Indemnification Obligations Liability IndemnificationObligationsLiability	37800000	usd
CY2023Q4	ocn	Indemnification Obligations Liability IndemnificationObligationsLiability	35500000	usd
CY2024Q1	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	12500000	usd
CY2023Q4	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	12200000	usd
CY2024Q1	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	9500000	usd
CY2023Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	9200000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	9400000	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	10200000	usd
CY2024Q1	us-gaap	Litigation Reserve Noncurrent LitigationReserveNoncurrent	9200000	usd
CY2023Q4	us-gaap	Litigation Reserve Noncurrent LitigationReserveNoncurrent	8300000	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	8200000	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	14300000	usd
CY2024Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	9300000	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	8200000	usd
CY2024Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	7100000	usd
CY2023Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	7000000.0	usd
CY2024Q1	us-gaap	Hedged Liability Fair Value Hedge HedgedLiabilityFairValueHedge	5700000	usd
CY2023Q4	us-gaap	Hedged Liability Fair Value Hedge HedgedLiabilityFairValueHedge	10700000	usd
CY2024Q1	us-gaap	Loss Contingency Accrual Product Liability Net LossContingencyAccrualProductLiabilityNet	5000000.0	usd
CY2023Q4	us-gaap	Loss Contingency Accrual Product Liability Net LossContingencyAccrualProductLiabilityNet	5000000.0	usd
CY2024Q1	ocn	Servicing Assets Purchase Price Holdback ServicingAssetsPurchasePriceHoldback	4400000	usd
CY2023Q4	ocn	Servicing Assets Purchase Price Holdback ServicingAssetsPurchasePriceHoldback	3800000	usd
CY2024Q1	ocn	Excess Servicing Fees Spread Payable ExcessServicingFeesSpreadPayable	3400000	usd
CY2023Q4	ocn	Excess Servicing Fees Spread Payable ExcessServicingFeesSpreadPayable	3600000	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3500000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3200000	usd
CY2024Q1	us-gaap	Other Liabilities OtherLiabilities	741000000.0	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	692300000	usd
CY2024Q1	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	3252900000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	11900000	usd
CY2023Q4	us-gaap	Derivative Notional Amount DerivativeNotionalAmount	3978700000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	21600000	usd
CY2024Q1	us-gaap	Derivative Liability Notional Amount DerivativeLiabilityNotionalAmount	2782700000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	7100000	usd
CY2023Q4	us-gaap	Derivative Liability Notional Amount DerivativeLiabilityNotionalAmount	920200000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	7000000.0	usd
CY2024Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-49300000	usd
CY2023Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	3500000	usd
CY2022Q3	ocn	Interest Rate Risk Change In Interest Rate InterestRateRiskChangeInInterestRate	0.0050
CY2024Q1	us-gaap	Interest Expense InterestExpense	67400000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	62300000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-40200000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7711534	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7533561	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.91
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-5.34
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	30100000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-40200000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7711534	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7533561	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	68584	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2024Q1	ocn	Incremental Common Shares Attributable To Common Stock Awards IncrementalCommonSharesAttributableToCommonStockAwards	266070	shares
CY2023Q1	ocn	Incremental Common Shares Attributable To Common Stock Awards IncrementalCommonSharesAttributableToCommonStockAwards	0	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	8046188	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	7533561	shares
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.74
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-5.34
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	31944	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	34657	shares
CY2024Q1	ocn	Servicing And Subservicing Fees ServicingAndSubservicingFees	204500000	usd
CY2024Q1	ocn	Feeand Commissions Reverse Mortgage Banking FeeandCommissionsReverseMortgageBanking	15400000	usd
CY2024Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	10900000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	8300000	usd
CY2024Q1	us-gaap	Revenues Revenues	239100000	usd
CY2024Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	11600000	usd
CY2024Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	53600000	usd
CY2024Q1	ocn	Servicing And Origination ServicingAndOrigination	15000000.0	usd
CY2024Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	12700000	usd
CY2024Q1	us-gaap	Professional Fees ProfessionalFees	12000000.0	usd
CY2024Q1	us-gaap	Occupancy Net OccupancyNet	7700000	usd
CY2024Q1	ocn	Corporate Overhead Allocations CorporateOverheadAllocations	0	usd
CY2024Q1	us-gaap	Other Expenses OtherExpenses	3400000	usd
CY2024Q1	us-gaap	Costs And Expenses CostsAndExpenses	104400000	usd
CY2024Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	17500000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	67400000	usd
CY2024Q1	us-gaap	Servicing Asset At Amortized Value Amortization1 ServicingAssetAtAmortizedValueAmortization1	44900000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2700000	usd
CY2024Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1400000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-600000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-91300000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	31800000	usd
CY2023Q1	ocn	Servicing And Subservicing Fees ServicingAndSubservicingFees	232200000	usd
CY2023Q1	ocn	Feeand Commissions Reverse Mortgage Banking FeeandCommissionsReverseMortgageBanking	21200000	usd
CY2023Q1	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	2800000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	5600000	usd
CY2023Q1	us-gaap	Revenues Revenues	261800000	usd
CY2023Q1	us-gaap	Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputs	69000000.0	usd
CY2023Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	58000000.0	usd
CY2023Q1	ocn	Servicing And Origination ServicingAndOrigination	15700000	usd
CY2023Q1	us-gaap	Communications And Information Technology CommunicationsAndInformationTechnology	13400000	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	13300000	usd
CY2023Q1	us-gaap	Occupancy Net OccupancyNet	8800000	usd
CY2023Q1	ocn	Corporate Overhead Allocations CorporateOverheadAllocations	0	usd
CY2023Q1	us-gaap	Other Expenses OtherExpenses	4900000	usd
CY2023Q1	us-gaap	Costs And Expenses CostsAndExpenses	114100000	usd
CY2023Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	14100000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	62300000	usd
CY2023Q1	us-gaap	Servicing Asset At Amortized Value Amortization1 ServicingAssetAtAmortizedValueAmortization1	70300000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	300000	usd
CY2023Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1200000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-117000000.0	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-38300000	usd
CY2024Q1	us-gaap	Assets Assets	13090100000	usd
CY2023Q4	us-gaap	Assets Assets	12513700000	usd
CY2024Q1	us-gaap	Capital Required For Capital Adequacy CapitalRequiredForCapitalAdequacy	447900000	usd
CY2024Q1	ocn	Percentage Of Portfolio To Total Forward Owned Servicing PercentageOfPortfolioToTotalForwardOwnedServicing	0.11
CY2024Q1	ocn	Percentage Of Government Insured Loans Upb To Total Upb Serviced And Sub Serviced PercentageOfGovernmentInsuredLoansUPBToTotalUPBServicedAndSubServiced	0.06
CY2024Q1	ocn	Threshold Percentage Of Outstanding Principal Balance On Maximum Claim Amount ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount	0.98
CY2024Q1	ocn	Securitized Home Equity Conversion Mortgage Backed Security SecuritizedHomeEquityConversionMortgageBackedSecurity	7621800000	usd
CY2024Q1	ocn	Amountof Additions To Home Equity Conversion Mortgage Backed Security Repurchases Value AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue	41900000	usd
CY2023Q1	ocn	Amountof Additions To Home Equity Conversion Mortgage Backed Security Repurchases Value AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue	91900000	usd
CY2023Q4	ocn	Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue	186000000.0	usd
CY2024Q1	ocn	Amountof Additions To Home Equity Conversion Mortgage Backed Security Repurchases Value AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue	41900000	usd
CY2024Q1	ocn	Recoveries Related To Home Equity Conversion Mortgage Backed Security Repurchases Value RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue	51100000	usd
CY2024Q1	ocn	Transfers Related To Home Equity Conversion Mortgage Backed Security Repurchases Value TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue	0	usd
CY2024Q1	ocn	Change In Value Of Home Equity Conversion Mortgage Backed Security Repurchases Value ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue	-1100000	usd
CY2024Q1	ocn	Home Equity Conversion Mortgage Backed Security Repurchases Outstanding Value HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue	175700000	usd
CY2024Q1	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<div style="margin-bottom:6pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:72pt;text-indent:-72pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Note 21 – Contingencies</span></div></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">When we become aware of a matter involving uncertainty for which we may incur a loss, we assess the likelihood of any loss. If a loss contingency is probable and the amount of the loss can be reasonably estimated, we record an accrual for the loss. In such cases, there may be an exposure to potential loss in excess of the amount accrued. Where a loss is not probable but is reasonably possible or where a loss in excess of the amount accrued is reasonably possible, we disclose an estimate of the amount of the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the amount of such reasonably possible loss is not material to our financial position, results of operations or cash flows. If a reasonable estimate of loss cannot be made, we do not accrue for any loss or disclose any estimate of exposure to potential loss even if the potential loss could be material and adverse to our business, reputation, financial condition and results of operations. An assessment regarding the ultimate outcome of any such matter involves judgments about future events, actions and circumstances that are inherently uncertain. The actual outcome could differ materially. Where we have retained external legal counsel or other professional advisers, such advisers assist us in making such assessments. </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Litigation</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the ordinary course of business, we are a defendant in, or a party or potential party to, many threatened and pending legal proceedings, including proceedings brought by borrowers, regulatory agencies (discussed further under “Regulatory” below), current or former employees, those brought on behalf of various classes of claimants, and those brought derivatively on behalf of Ocwen against certain current or former officers and directors or others, and those brought under the False Claims Act by private citizens on behalf of the U.S. In addition, we may be a party or potential party to threatened or pending legal proceedings brought by fair-housing advocates, current and former commercial counterparties and market competitors, including, among others, claims related to the sale or purchase of loans, MSRs or other assets, and breach of contract actions, parties on whose behalf we service or serviced mortgage loans, parties who provide ancillary services including property preservation and other post-foreclosure related services, and parties who provide or provided consulting, subservicing, or other services to Ocwen.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The majority of these proceedings are based on alleged violations of federal, state and local laws and regulations governing our mortgage servicing and lending activities, including, among others, the Dodd-Frank Act, the Gramm-Leach-Bliley Act, the FDCPA, the RESPA, the TILA, the Fair Credit Reporting Act, the Servicemembers Civil Relief Act, the Homeowners Protection Act, the Federal Trade Commission Act, the TCPA, the Equal Credit Opportunity Act, as well as individual state licensing and foreclosure laws, federal and local bankruptcy rules, federal and local tax regulations, and state deceptive trade practices laws. Such proceedings include wrongful foreclosure and eviction actions, bankruptcy violation actions, payment misapplication actions, allegations of wrongdoing in connection with lender-placed insurance and mortgage reinsurance arrangements, claims relating to our property preservation activities, claims related to REO management, claims relating to our written and telephonic communications with our borrowers such as claims under the TCPA and individual state laws, claims related to our payment, escrow and other processing operations, claims relating to fees imposed on borrowers relating to inspection fees, foreclosure attorneys’ fees, reinstatement fees, foreclosure registration fees, payment processing, payment facilitation or payment convenience fees, claims related to ancillary products marketed and sold to borrowers, claims related to loan modifications and loan assumptions, claims related to call recordings, claims regarding certifications of our legal compliance related to our participation in certain government programs, claims related to improper occupancy inspections, and claims related to untimely recording of mortgage satisfactions. In some of these proceedings, claims for substantial monetary damages are asserted against us. For example, we are currently a defendant in various matters alleging that (1) certain fees imposed on borrowers relating to payment processing, payment facilitation or payment convenience violate the FDCPA and similar state laws, (2) certain fees we assess on borrowers are improperly assessed and/or marked up improperly in violation of applicable state and federal law, (3) we breached fiduciary duties we purportedly owe to benefit plans due to the discretion we exercise in servicing certain securitized mortgage loans, (4) certain legacy mortgage reinsurance arrangements violated RESPA, and (5) we failed to subservice loans appropriately pursuant to subservicing and other agreements. In the future, we are likely to become subject to other private legal proceedings alleging failures to comply with applicable laws and regulations, including putative class actions, in the ordinary course of our business.</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In view of the inherent difficulty of predicting the outcome of any threatened or pending legal proceedings, particularly where the claimants seek very large or indeterminate damages, including punitive damages, or where the matters present novel legal theories or involve a large number of parties, we generally cannot predict what the eventual outcome of such proceedings will be, what the timing of the ultimate resolution will be, or what the eventual loss, if any, will be. Any material adverse resolution could materially and adversely affect our business, reputation, financial condition, liquidity and results of operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Where we determine that a loss contingency is probable in connection with a pending or threatened legal proceeding and the amount of our loss can be reasonably estimated, we record an accrual for the loss. We have accrued for losses relating to threatened and pending litigation that we believe are probable and reasonably estimable based on current information regarding these matters. Where we determine that a loss is not probable but is reasonably possible or where a loss in excess of the amount accrued is reasonably possible, we disclose an estimate of the amount of the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the amount of such reasonably possible loss is not material to our financial position, results of operations or cash flows. It is possible that we will incur losses relating to threatened and pending litigation that materially exceed the amount accrued. Our accrual for probable and estimable legal and regulatory matters, including accrued legal fees, was $9.2 million at March 31, 2024. We cannot currently estimate the amount, if any, of reasonably possible losses above amounts that have been recorded at March 31, 2024. </span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">As previously disclosed, we are subject to individual lawsuits relating to our FDCPA compliance and putative state law class actions based on the FDCPA and similar state statutes. We are currently defending a class action lawsuit challenging, under state and federal law, our practice of charging borrowers a fee to use certain optional payment methods, in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Jones v. PHH Mortg. Corp., et al.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (D. NJ),</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">which we have filed a motion to dismiss. In addition, between November 2022 and June 2023, we settled the previously disclosed cases of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Morris v. PHH Mortg. Corp., et al.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (S.D. FL), </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Torliatt v. PHH Mortg. Corp., et al.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (N.D. CA), </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Thacker v. PHH Mortg. Corp., et al.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (N.D. WV), </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Forest v. PHH Mortg. Corp., et al.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> (D. RI), and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Williams v. PHH Mortg. Corp., et al. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">(S.D. TX). </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, we continue to be involved in legacy matters arising prior to Ocwen’s October 2018 acquisition of PHH Corporation, including a putative class action filed in 2008 in the United States District Court for the Eastern District of California against PHH and related entities alleging that PHH Corporation’s legacy mortgage reinsurance arrangements between its captive reinsurer, Atrium Insurance Corporation, and certain mortgage insurance providers violated RESPA. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Munoz v. PHH Mortgage Corp. et al.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Eastern District of California). In June 2015, the court certified a class of borrowers who obtained loans with private mortgage insurance through PHH’s captive reinsurance arrangement between June 2007 and December 2009. PHH asserted numerous defenses to the merits of the case. Following pre-trial developments in August 2020, the only issues remaining for trial were whether the plaintiffs had standing to bring their claims and whether the reinsurance services provided by PHH Corporation’s captive reinsurance subsidiary, Atrium, were actually provided in order for the safe harbor provision of RESPA to apply. In January 2022, the Court denied a motion by the plaintiffs to enter new evidence and a motion by PHH to decertify the class, which motion PHH may renew if the case ultimately goes to trial. Following the entry of this order, at the request of the parties, the Court dismissed all of the plaintiffs’ claims for lack of standing and entered judgment in favor of PHH. The plaintiffs appealed to the United States Court of Appeals for the Ninth Circuit, and in February 2023 that court reversed and remanded for further proceedings. Ocwen will continue to vigorously defend itself. Our current accrual with respect to this matter is included in the $9.2 million legal and regulatory accrual referenced above. At this time, Ocwen is unable to predict the outcome of this lawsuit or the possible loss or range of loss, if any, associated with the resolution of such lawsuit. If our efforts to defend this lawsuit are not successful, our business, reputation, financial condition, liquidity and results of operations could be materially and adversely affected.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ocwen is a defendant in a certified class action in the U.S. District Court in the Eastern District of California where the plaintiffs claim Ocwen marked up fees for property valuations and title searches in violation of California state law. See</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Weiner v. Ocwen Financial Corp., et al</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. In May 2020, the court ruled that plaintiff’s recoverable damages are limited to out-of-pocket costs, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">i.e.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the amount of marked-up fees actually paid, rather than the entire cost of the valuation that plaintiffs sought. In October 2023, the parties reached a tentative settlement to resolve the lawsuit prior to trial. A hearing on the parties’ motion for preliminary approval was scheduled for February 29, 2024, but the court postponed that hearing pending the submission of certain additional briefing, which the parties filed on March 8, 2024.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 29, 2024, the district court entered an order granting preliminary approval of the parties’ settlement agreement, and directing notice to the settlement class.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The notice process will commence 30 days from entry of the March 29 order, and the court also set a Final Fairness Hearing for September 5, 2024. If the proposed settlement is not ultimately approved, Ocwen will vigorously defend itself. Ocwen is unable to predict the outcome of this lawsuit, the possible loss or range of loss, if any, associated with the resolution of such lawsuit or the potential impact on us or our operations. If our efforts to settle or defend this lawsuit are not successful, our business, financial condition liquidity and results of operations could be materially and adversely affected. Ocwen may have affirmative indemnification rights and/or other claims against third parties related to the allegations in the lawsuit. Although we may pursue these claims, we cannot currently estimate the amount, if any, of recoveries from these third parties.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are currently involved in a dispute with a former subservicing client, HSBC Bank USA, N.A. (HSBC). See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">HSBC Bank USA, N.A. v. PHH Mortgage Corp.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> (Supreme Court of the State of New York). HSBC’s claims relate to alleged breaches of agreements entered into under a prior subservicing arrangement and origination assistance agreement. In its complaint, HSBC also asserted a claim for fraud, which was dismissed by the Court. PHH has answered the complaint and has asserted counterclaims against HSBC for breach of contract. We believe we have strong factual and legal defenses to the remaining claims and are vigorously defending the action. Ocwen is currently unable to predict the outcome of this dispute or estimate the size of any loss which could result from a potential resolution reached through litigation or otherwise. </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Over the past several years, lawsuits have been filed by RMBS trust investors alleging that the trustees and master servicers breached their contractual and statutory duties by (i) failing to require loan servicers to abide by their contractual obligations; (ii) failing to declare that certain alleged servicing events of default under the applicable contracts occurred; and (iii) failing to demand that loan sellers repurchase allegedly defective loans, among other things. Ocwen has received several letters from trustees and master servicers purporting to put Ocwen on notice that the trustees and master servicers may ultimately seek indemnification from Ocwen in connection with the litigations. Ocwen has not yet been impleaded into any of these cases, but it has produced and continues to produce documents to the parties in response to third-party subpoenas.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ocwen has, however, been impleaded as a third-party defendant into five consolidated loan repurchase cases first filed against Nomura Credit & Capital, Inc. in 2012 and 2013. Ocwen is vigorously defending itself in those cases against allegations by the mortgage loan seller-defendant that Ocwen failed to inform its contractual counterparties that it had discovered defective loans in the course of servicing them and had otherwise failed to service the loans in accordance with accepted standards. In September 2023, the Court granted in part Ocwen’s motion for summary judgment, dismissing Nomura’s “failure to notify” claim in its entirety; the Court, however, denied Ocwen’s motion with respect to Nomura’s second claim alleging failure to service loans in accordance with accepted standards. We are currently considering our appellate options. The scope of any resulting trial is uncertain, and thus Ocwen is unable at this time to predict the ultimate outcome of these matters, the possible loss or range of loss, if any, associated with the resolution of these matters or any potential impact they may have on us or our operations. If, however, we were required to compensate claimants for losses related to the alleged loan servicing breaches, then our business, reputation, financial condition, liquidity and results of operations could be adversely affected.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, several RMBS trustees have received notices of events of default alleging material failures by servicers to comply with applicable servicing agreements. Although Ocwen has not been sued by an RMBS trustee in response to an event of default notice, there is a risk that Ocwen could be replaced as servicer as a result of said notices, that the trustees could take legal action on behalf of the trust certificate holders, or, under certain circumstances, that the RMBS investors who issue notices of event of default could seek to press their allegations against Ocwen, independent of the trustees. We are unable at this time to predict what, if any, actions any trustee will take in response to an event of default notice, nor can we predict at this time the potential loss or range of loss, if any, associated with the resolution of any event of default notice or the potential impact on our operations. If Ocwen were to be terminated as servicer, or other related legal actions were pursued against Ocwen, it could have an adverse effect on Ocwen’s business, reputation, financial condition, liquidity and results of operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Regulatory </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to a number of ongoing federal and state regulatory examinations, orders, inquiries, subpoenas, civil investigative demands, requests for information and other actions. We may also on occasion be subject to foreign regulatory actions in the countries where we operate outside the U.S. Where we determine that a loss contingency is probable in connection with a regulatory matter and the amount of our loss can be reasonably estimated, we record an accrual for the loss. Where we determine that a loss is not probable but is reasonably possible or where a loss in excess of the amount accrued is reasonably possible, we disclose an estimate of the amount of the loss or range of possible losses for the claim if a reasonable estimate can be made, unless the amount of such reasonably possible loss is not material to our financial position, results of operations or cash flows. It is possible that we will incur losses relating to regulatory matters that materially exceed any accrued amount. Predicting the outcome of any regulatory matter is inherently difficult and we generally cannot predict the eventual outcome of any regulatory matter or the eventual loss, if any, associated with the outcome.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To the extent that an examination, audit or other regulatory engagement results in an alleged failure by us to comply with applicable laws, regulations or licensing requirements, or if allegations are made that we have failed to comply with applicable laws, regulations or licensing requirements or the commitments we have made in connection with our regulatory settlements (whether such allegations are made through administrative actions such as cease and desist orders, through legal proceedings or otherwise) or if other regulatory actions of a similar or different nature are taken in the future against us, this could lead to (i) administrative fines and penalties and litigation, (ii) loss of our licenses and approvals to engage in our servicing and lending businesses, (iii) governmental investigations and enforcement actions, (iv) civil and criminal liability, including class action lawsuits and actions to recover incentive and other payments made by governmental entities, (v) breaches of covenants and representations under our servicing, debt or other agreements, (vi) damage to our reputation, (vii) inability to raise capital or otherwise fund our operations and (viii) inability to execute on our business strategy. Any of these occurrences could increase </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">our operating expenses and reduce our revenues, hamper our ability to grow or otherwise materially and adversely affect our business, reputation, financial condition, liquidity and results of operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We regularly receive information requests and other inquiries, both formal and informal in nature, from our state financial regulators as part of their general regulatory oversight of our licensed servicing and lending businesses, as well as from state attorneys general, the CFPB and other federal agencies, including the Department of Justice and various inspectors general. For example, we have received requests regarding the charging of certain fees to borrowers (including our practice of charging borrowers a fee to use certain optional payment methods); the post-boarding process to verify loan and payment terms are properly implemented, calculated, and applied; bankruptcy practices; COVID-19-related forbearance and post-forbearance options; and Homeowner Assistance Fund participation and implementation. Many of our regulatory engagements arise from a complaint that the entity is investigating, although some are formal investigations or proceedings. The GSEs (and their conservator, FHFA), HUD, FHA, VA, Ginnie Mae, the United States Treasury Department, and others also subject us to periodic reviews and audits, and engage with us on various matters. We have in the past resolved, and may in the future resolve, matters via consent orders, payments of monetary amounts and other agreements in order to settle issues identified in connection with examinations or other oversight activities, and such resolutions could have material and adverse effects on our business, reputation, operations, results of operations and financial condition. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Loan Put-Back and Related Contingencies</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have exposure to representation, warranty and indemnification obligations relating to our lending, loan sales and securitization activities, and servicing practices. We received origination representations and warranties from our network of approved originators in connection with loans we purchased through our correspondent lending channel. To the extent that we have recourse against a third-party originator, we may recover part or all of any loss we may incur. We do not provide or assume any origination representations and warranties in connection with our MSR purchases.</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At March 31, 2024 and March 31, 2023, we had outstanding representation and warranty repurchase demands of $25.3 million UPB (75 loans) and $31.0 million UPB (127 loans), respectively. We review each demand and monitor through resolution, primarily through rescission, loan repurchase or make-whole payment. </span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the changes in our liability for representation and warranty obligations and similar indemnification obligations:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:70.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.536%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.537%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Beginning balance (1)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32.9 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.6 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for (reversal of) representation and warranty obligations</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(0.3)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.7 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Provision for representation and warranty obligations - New production liability</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.3 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Charge-offs and other (2) </span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.8 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2.7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Ending balance (1)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34.7 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41.9 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">The liability for representation and warranty obligations and compensatory fees for foreclosures is reported in Other liabilities (a component of Liability for indemnification obligations) on our unaudited consolidated balance sheets.</span></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:7.52pt">Includes reclassification of principal and interest losses in connection with repurchased loans, make-whole, indemnification and fee payments and settlements net of recoveries, if any.</span></div><div style="margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe that it is reasonably possible that losses beyond amounts currently recorded for potential representation and warranty obligations and other claims described above could occur, and such losses could have an adverse impact on our results of operations, financial condition or cash flows. However, based on currently available information, we are unable to estimate a range of reasonably possible losses above amounts that have been recorded at March 31, 2024</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We may, from time to time, have affirmative indemnification and other claims against service providers, parties from whom we purchased MSRs or other assets, investors or other parties. Although we pursue these claims, we cannot currently estimate the amount, if any, of further recoveries. Similarly, from time to time, indemnification and other claims are made against us by parties to whom we sold MSRs or other assets or by parties on whose behalf we service mortgage loans. We cannot currently estimate the amount, if any, of reasonably possible loss above amounts recorded.</span></div>
CY2024Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	9200000	usd
CY2024Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	9200000	usd
CY2024Q1	ocn	Number Of Cases NumberOfCases	5	case
CY2024Q1	ocn	Warranty Repurchase Demands Unpaid Principal Balance WarrantyRepurchaseDemandsUnpaidPrincipalBalance	25300000	usd
CY2024Q1	ocn	Warranty Repurchase Demands Number Of Loans WarrantyRepurchaseDemandsNumberOfLoans	75	loan
CY2023Q1	ocn	Warranty Repurchase Demands Unpaid Principal Balance WarrantyRepurchaseDemandsUnpaidPrincipalBalance	31000000	usd
CY2023Q1	ocn	Warranty Repurchase Demands Number Of Loans WarrantyRepurchaseDemandsNumberOfLoans	127	loan
CY2023Q4	ocn	Representation Warranty And Compensatory Fees Obligations RepresentationWarrantyAndCompensatoryFeesObligations	32900000	usd
CY2022Q4	ocn	Representation Warranty And Compensatory Fees Obligations RepresentationWarrantyAndCompensatoryFeesObligations	41600000	usd
CY2024Q1	ocn	Provision For Representation And Warranty Obligations ProvisionForRepresentationAndWarrantyObligations	-300000	usd
CY2023Q1	ocn	Provision For Representation And Warranty Obligations ProvisionForRepresentationAndWarrantyObligations	2700000	usd
CY2024Q1	ocn	Indemnification Obligations Liability Reserves IndemnificationObligationsLiabilityReserves	300000	usd
CY2023Q1	ocn	Indemnification Obligations Liability Reserves IndemnificationObligationsLiabilityReserves	300000	usd
CY2024Q1	ocn	Indemnification Obligations Liability Charge Offs IndemnificationObligationsLiabilityChargeOffs	-1800000	usd
CY2023Q1	ocn	Indemnification Obligations Liability Charge Offs IndemnificationObligationsLiabilityChargeOffs	2700000	usd
CY2024Q1	ocn	Representation Warranty And Compensatory Fees Obligations RepresentationWarrantyAndCompensatoryFeesObligations	34700000	usd
CY2023Q1	ocn	Representation Warranty And Compensatory Fees Obligations RepresentationWarrantyAndCompensatoryFeesObligations	41900000	usd

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$ONIT
ONITY GROUP INC. Stock $onit

2024 Q2 Form 10-Q Financial Statement

#000162828024020055 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ONIT ONITY GROUP INC. Stock $onit

2024 Q2 Form 10-Q Financial Statement

#000162828024020055 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ONIT
ONITY GROUP INC. Stock $onit