OCN

Type: Public
On the web: http://www.ocwen.com
Employees: 4,146
Employee growth: (10.1%)

Oc-what? Oc-who? Ocwen. Ocwen Financial services subprime residential mortgage loans for third parties and for itself through its residential servicing segment. Its residential origination services unit also provides fee-based loan processing services as real estate appraisal and title services, as well as outsourced data entry, call center services, and mortgage research. (It exited the subprime origination business, including joint venture Funding America.) The company's Ocwen Recovery Group segment provides collection services on portfolios of unsecured debt. Ocwen Financial plans to spin off its Ocwen Solutions unit, which provides outsourcing services to the mortgage and consumer finance industries.

Key numbers for fiscal year ending December, 2008:
Sales: $492.1M
One year growth: 2.4%
Net income: $17.9M
Income growth: (53.6%)

Officers:
Chairman Emeritus: Barry N. Wish
Chairman and CEO, Ocwen Financial and Ocwen Federal Bank: William C. Erbey
President and Director; President, Ocwen Federal Bank: Ronald M. Faris

Competitors:
FirstCity Financial
Litton Loan Servicing
Select Portfolio Servicing

OCN is a three letter abbreviation that stands for:

• Oncology Certified Nurse
• Open Computer Network, a major Internet Service Provider in Japan
• Open College Network
• Opaskwayak Cree Nation
• Orange County Newschannel, a defunct cable television news network targeted toward Orange County, California
• Original Camera Negative, the film stock used in a movie camera
• Orion Cinema Network, a Korean cinema network by On-Media
• Original Called Number, the phone number of the original called party, regardless of use (call redirection...)
• Operating Company Number, in telephony, a number assigned by NECA to telecommunications carriers (including landline, wireless carriers, and resellers of various types)
• Overclock.net, a forum for computer enthusiasts.

OCN may also refer to:

• The chemical formula for a cyanate ion
• The NYSE Symbol for Ocwen Financial Corporation
• The IATA airport code for Oceanside Municipal Airport

This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point directly to the intended article.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)