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Dec 31, 2021
Onity Q4 2021 Earnings Report
Ocwen reported consistent results with the third quarter of 2021, excluding call right gains and the impact of costs relating to the RMS asset acquisition on the reverse servicing business.
Key Takeaways
Ocwen Financial Corporation announced its full year and fourth quarter 2021 results, reporting an adjusted pre-tax income of $10 million for the fourth quarter, marking the ninth consecutive quarter of adjusted pre-tax income.
Achieved full-year net income of $18 million, consistent with financial expectations.
Delivered record growth in 2021 with $152 billion in total servicing additions.
Achieved at least double-digit growth across all originations channels.
Total servicing UPB grew to approximately $268 billion.
Forward Guidance
Ocwen is targeting at least 60% growth in its reverse servicing portfolio in the first half of this year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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