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Ocwen Financial:What's it like to work here?

United States Industry Financial Services & Accounting
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Reviews for Ocwen Financial

Review factors

Feel-Good Factor

Company Culture
1.97
Support from management
2.14
Teamwork
2.79
Freedom to work independently
2.47
Internal Communication
2.09
Office / Work Environment
3.03
Environmental Friendliness
2.44
Work-Life Balance
2.94
Challenging Work
2.70
Inclusive / Diverse
3.07

Career factor

Gender Equality
2.72
Attitude towards older colleagues
2.71
Career Development
1.94
Overall compensation for your work
2.62
Company Image
1.97
Job Security
2.12
Handicapped Accessibility
3.12
Workplace Safety
3.32
Benefits

The following benefits are offered

Flex. working hours in 6 of 35 reviews Parking in 24 of 35 reviews Easy access to public transportation in 4 of 35 reviews Stock or equity options in 3 of 35 reviews 401(k) in 23 of 35 reviews No onsite daycare facility Reimbursed daycare in 1 of 35 reviews Ability to work remotely in 3 of 35 reviews Desirable office location in 9 of 35 reviews Tuition assistance in 8 of 35 reviews Paid Parental Leave in 6 of 35 reviews 401(k) Match in 12 of 35 reviews Flexible spending account in 9 of 35 reviews Paid time off in 20 of 35 reviews Healthcare (including vision and dental) in 17 of 35 reviews Relocation allowance in 3 of 35 reviews Life insurance in 17 of 35 reviews

The following perks are offered

On site cafeteria in 10 of 35 reviews No meal or transportation allowance Health and wellness programs in 14 of 35 reviews Employee discounts in 12 of 35 reviews No vehicle allowance Employee events in 8 of 35 reviews No dogs allowed Fitness center on site in 6 of 35 reviews Free Snacks/Drinks in 5 of 35 reviews
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Reviews

Suggestions for improvement

  • Would like to see that they offer more remote opportunities for strong employees rather than impacting their roles. Would like to see the opportunity for yearly salary increase.

What I like about the company

Excellant benefits and fantastic people to work with.

What I dislike about the company

The company has gone through some changes and impacts but they are turning this around.

Company Culture
4.00
Support from management
5.00
Teamwork
3.00
Freedom to work independently
3.00
Internal Communication
3.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
4.00
Overall compensation for your work
3.00
Office / Work Environment
5.00
Environmental Friendliness
5.00
Work-Life Balance
4.00
Company Image
5.00
Job Security
2.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
5.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Flex. working hours is offered Parking is offered Easy access to public transportation is offered 401(k) is offered Ability to work remotely is offered Desirable office location is offered Tuition assistance is offered Paid Parental Leave is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Ocwen Financial Corporation
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

Health and wellness programs is offered Employee discounts is offered Employee events is offered Free Snacks/Drinks is offered
What is the company culture like at Ocwen Financial? Help others make critical decisions by letting them know what it’s like to work here!

Company Culture

It's the 80s corporate mentality. Employees dont matter, there is no critical thinking,

Support from management

I cant change a typo in a PowerPoint without approval. There is no budget for software or development

Teamwork

They do but ignore it or use it against you

Freedom to work independently

Not at all

Internal Communication

Not even a little

Gender Equality

Not a single woman in senior leadership until last month.

Career Development

We literally have regressed training best practices back 10 years since the acquisition in October

Overall compensation for your work

No we are paid below market value and lost 401k match and pto

Office / Work Environment

Still in the building from my old company

Environmental Friendliness

Resources are antiquated. Massive waste of paper

Company Image

I wont even update my resume with their name the reputation is so bad.

Job Security

Unfortunately

Workplace Safety

Again, hold over from former company

Challenging Work

I used to do things much more innovative. Now I problem solve and do maintenance

Inclusive / Diverse

Large offshore group...treated ok by onshore but lots of discriminatory comments

Suggestions for improvement

  • Remove multiple approvals on process changes, allow employees to make decisions. Trust the employees and invest in the best talent and infrastructure.

What I like about the company

My counterpart in Mumbai is so willing to learn. I wish I had the means to coach him.

What I dislike about the company

Lack of communication, bureaucracy, does not value employees.

Company Culture
1.00
Support from management
1.00
Teamwork
1.00
Freedom to work independently
1.00
Internal Communication
1.00
Gender Equality
1.00
Attitude towards older colleagues
1.00
Career Development
1.00
Overall compensation for your work
1.00
Office / Work Environment
4.00
Environmental Friendliness
1.00
Work-Life Balance
1.00
Company Image
1.00
Job Security
3.00
Handicapped Accessibility
2.00
Workplace Safety
3.00
Challenging Work
3.00
Inclusive / Diverse
2.00

The following benefits were offered to me

Parking is offered 401(k) is offered Tuition assistance is offered 401(k) Match is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Ocwen Financial Corporation
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Fitness center on site is offered
  • 03.Jan 2019
  • Employee

Suggestions for improvement

  • Better management style, less micromanaging.

What I like about the company

Meet many of my close friends.

What I dislike about the company

Management and how they promote from within

Company Culture
3.00
Support from management
3.00
Teamwork
4.00
Freedom to work independently
2.00
Internal Communication
3.00
Gender Equality
3.00
Attitude towards older colleagues
3.00
Career Development
2.00
Overall compensation for your work
4.00
Office / Work Environment
3.00
Environmental Friendliness
3.00
Work-Life Balance
4.00
Company Image
3.00
Job Security
4.00
Handicapped Accessibility
5.00
Workplace Safety
3.00
Challenging Work
4.00
Inclusive / Diverse
3.00

The following benefits were offered to me

Flex. working hours is offered Stock or equity options is offered 401(k) is offered Tuition assistance is offered 401(k) Match is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Ocwen Loan Servicing, LLC
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

Health and wellness programs is offered

Suggestions for improvement

  • More efficient processes, more accountability.

What I like about the company

We used to make a good salary.

What I dislike about the company

Less pay and more work, poor organizational structure.

Company Culture
1.00
Support from management
1.00
Teamwork
3.00
Freedom to work independently
5.00
Internal Communication
1.00
Gender Equality
5.00
Attitude towards older colleagues
4.00
Career Development
1.00
Overall compensation for your work
3.00
Office / Work Environment
5.00
Environmental Friendliness
5.00
Work-Life Balance
3.00
Company Image
2.00
Job Security
1.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
1.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Parking is offered 401(k) is offered Tuition assistance is offered 401(k) Match is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Ocwen Loan Servicing, LLC
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

On site cafeteria is offered Health and wellness programs is offered
  • 16.Oct 2018
  • Employee

Company Culture

The toxic culture is a a direct reflection of the former CEOs.

Support from management

There is no support in a dictatorship.

Job Security

The solvency of the company is in questions after years of bad decisions and poor strategy.

Suggestions for improvement

  • The Board of Directors needs to continue to clean house.

What I like about the company

There were some good people there, but not enough.

What I dislike about the company

Lack of ethics in C-Suite and senior leadership team.

Company Culture
1.00
Support from management
1.00
Teamwork
3.00
Freedom to work independently
3.00
Internal Communication
3.00
Gender Equality
3.00
Attitude towards older colleagues
3.00
Career Development
1.00
Overall compensation for your work
2.00
Office / Work Environment
4.00
Environmental Friendliness
3.00
Work-Life Balance
3.00
Company Image
1.00
Job Security
1.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
5.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Parking is offered 401(k) is offered Ability to work remotely is offered Desirable office location is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Life insurance is offered
  • Company
    Ocwen Financial Corporation
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Employee
  • Department
    Administration

The following perks were offered to me

Employee discounts is offered
  • 20.Sep 2018
  • Employee

Suggestions for improvement

  • there should be yearly performance raises and cost of living increases. high 401K match.

What I like about the company

employee field day and pie and coffee for national pie day.

What I dislike about the company

lay off package is stingy, very little room for growth. No consistent raises.

Company Culture
3.00
Support from management
4.00
Teamwork
3.00
Freedom to work independently
2.00
Internal Communication
3.00
Gender Equality
3.00
Attitude towards older colleagues
3.00
Career Development
1.00
Overall compensation for your work
3.00
Office / Work Environment
4.00
Environmental Friendliness
1.00
Work-Life Balance
4.00
Company Image
3.00
Job Security
3.00
Handicapped Accessibility
3.00
Workplace Safety
4.00
Challenging Work
4.00
Inclusive / Diverse
3.00

The following benefits were offered to me

Flex. working hours is offered Parking is offered 401(k) is offered Tuition assistance is offered Paid Parental Leave is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Ocwen Loan Servicing, LLC
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    n/a
  • Position
    Employee

The following perks were offered to me

Health and wellness programs is offered Employee events is offered Free Snacks/Drinks is offered
  • 10.Sep 2018
  • Employee

Good

3.78

Suggestions for improvement

  • When Ocwen bought GMAC they bought other companies as well. This caused overtime which eventually lead to outsourcing.

What I like about the company

Benefits, family friendly

What I dislike about the company

Lots of workforce reduction

Company Culture
4.00
Support from management
4.00
Teamwork
4.00
Freedom to work independently
4.00
Internal Communication
4.00
Gender Equality
4.00
Attitude towards older colleagues
4.00
Career Development
4.00
Overall compensation for your work
4.00
Office / Work Environment
4.00
Environmental Friendliness
4.00
Work-Life Balance
4.00
Company Image
2.00
Job Security
2.00
Handicapped Accessibility
4.00
Workplace Safety
4.00
Challenging Work
4.00
Inclusive / Diverse
4.00

The following benefits were offered to me

Flex. working hours is offered Parking is offered Easy access to public transportation is offered 401(k) is offered Reimbursed daycare is offered Desirable office location is offered Tuition assistance is offered Paid Parental Leave is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Relocation allowance is offered Life insurance is offered
  • Company
    Ocwen Loan Servicing LLC
  • City
    Waterloo
  • Are you a Current or Former Employee?
    Former employee
  • Position
    Employee
  • Department
    Others

The following perks were offered to me

Health and wellness programs is offered Employee discounts is offered Employee events is offered Fitness center on site is offered

Suggestions for improvement

  • Cross department interaction on a regular basis to avoid the negative effects of silo'd operations.

What I like about the company

Consistent culture of process improvement. Opportunities to work on challenging projects.

What I dislike about the company

Pending takeoverbof PHH and turnover in key positions has caused concern among ranks. Some disclosure of potential restructuring would be appreciated.

Company Culture
3.00
Support from management
3.00
Teamwork
3.00
Freedom to work independently
4.00
Internal Communication
4.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
2.00
Overall compensation for your work
3.00
Office / Work Environment
5.00
Environmental Friendliness
3.00
Work-Life Balance
4.00
Company Image
3.00
Job Security
2.00
Handicapped Accessibility
5.00
Workplace Safety
3.00
Challenging Work
5.00
Inclusive / Diverse
5.00
  • Company
    Ocwen Loan Servicing, LLC
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee
  • 25.Jun 2018
  • Employee

Suggestions for improvement

  • Senior management needs to be replaced by people who care about something besides their own personal net worth.

What I like about the company

My coworkers

What I dislike about the company

The direction and ethics of the company, the pay and benefits are very poor and they lie about everything to the employees.

Company Culture
1.00
Support from management
1.00
Teamwork
1.00
Freedom to work independently
1.00
Internal Communication
1.00
Gender Equality
1.00
Attitude towards older colleagues
1.00
Career Development
1.00
Overall compensation for your work
1.00
Office / Work Environment
1.00
Environmental Friendliness
1.00
Work-Life Balance
1.00
Company Image
1.00
Job Security
1.00
Handicapped Accessibility
1.00
Workplace Safety
1.00
Challenging Work
1.00
Inclusive / Diverse
1.00

The following benefits were offered to me

Parking is offered 401(k) is offered Paid time off is offered
  • Company
    Ocwen Loan Servicing, LLC
  • City
    West Palm Beach
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee
  • Department
    Finance
  • 02.May 2018
  • Employee

Suggestions for improvement

  • Bring back the cafeteria, allow us to buy time off or at least carry over into the next year.

What I like about the company

I have had great experiences with my supervisors and managers. Everyone is very helpful anytime that you have a question.

What I dislike about the company

There have been a lot of changes that have impacted our overall pay. They still pay well but the changes aren’t necessarily employee focused.

Company Culture
4.00
Support from management
5.00
Teamwork
5.00
Freedom to work independently
5.00
Internal Communication
5.00
Gender Equality
5.00
Attitude towards older colleagues
5.00
Career Development
5.00
Overall compensation for your work
5.00
Office / Work Environment
5.00
Environmental Friendliness
5.00
Work-Life Balance
5.00
Company Image
5.00
Job Security
3.00
Handicapped Accessibility
5.00
Workplace Safety
5.00
Challenging Work
4.00
Inclusive / Diverse
5.00

The following benefits were offered to me

Parking is offered 401(k) is offered 401(k) Match is offered Flexible spending account is offered Paid time off is offered Healthcare (including vision and dental) is offered Life insurance is offered
  • Company
    Ocwen Financial Corporation
  • City
    Waterloo, IA
  • Are you a Current or Former Employee?
    Current employee
  • Position
    Employee

The following perks were offered to me

Health and wellness programs is offered Employee discounts is offered Employee events is offered Fitness center on site is offered