Robert Salcetti - Ocwen Financial Independent Director

OCN
 Stock
  

USD 26.72  0.40  1.52%   

  Director
Mr. Robert A. Salcetti is no longer as an Independent Director of Ocwen Financial Corporationrationration. Effective July 31, 2019. Mr. Salcetti has served as a Director of Ocwen since January 2011. Mr. Salcetti previously served as a Managing Director at JPMorgan Chase from 1996 to 2008. Prior to his tenure at JPMorgan Chase, Mr. Salcetti held the position of Managing Director at Chase Manhattan Bank and Senior Vice President of TCBChemical Bank and its predecessor, Texas Commercial Bank. Mr. Salcetti earned a degree of BS in Business Administration from Carlow College in Pittsburgh, Pennsylvania. Mr. Salcetti has served on the Board of Directors of Dynex Capital Inc., a publicly traded real estate investment trust, since December 2013 where he serves on the Audit and Compensation Committees. Mr. Salcetti served on the Board of Directors of Cherry Hill Mortgage Investment Corporationrationration, a publicly traded residential real estate finance company, from October 2013 to June 2015 where he served as a member of the Audit, Compensation and NominationGovernance Committees. Mr. Salcetti was selected to serve as a member of our Board of Directors because he brings over thirtyfive years of experience in the financial services and mortgage industry sectors. With his extensive experience, which includes leading operations that designed, provided and managed credit facilities for loan warehousing financing, advances and mortgage servicing rights financing, Mr. Salcetti is able to offer guidance to the Board of Directors from both an operational and strategic perspective.
Age: 63  Director Since 2011      
561 682 8000  https://www.ocwen.com
Salcetti brings to Ocwen’s Board of Directors over 35 years of experience in the financial services and mortgage industry sectors. With his extensive experience, which includes leading operations that designed, provided and managed credit facilities for loan warehousing financing, advances and mortgage servicing rights financing, Mr. Salcetti is able to offer guidance to the Board of Directors from both an operational and strategic perspective. As determined by our Board of Directors, Mr. Salcetti is financially literate and qualifies as an audit committee financial expert as that term is defined in the Securities and Exchange Commission rules implementing requirements of the SarbanesOxley Act of 2002.

Ocwen Financial Management Efficiency

Ocwen Financial Corp has Return on Asset of 2.24 % which means that on every $100 spent on asset, it made $2.24 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 17.82 %, implying that it generated $17.82 on every 100 dollars invested. Ocwen Financial management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 10.93 B in debt. Ocwen Financial Corp has a current ratio of 1.3, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist Ocwen Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Ocwen Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ocwen Financial Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ocwen to invest in growth at high rates of return. When we think about Ocwen Financial's use of debt, we should always consider it together with cash and equity.

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Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company was founded in 1988 and is headquartered in West Palm Beach, Florida. Ocwen Financial operates under Mortgage Finance classification in the United States and is traded on New York Stock Exchange. It employs 5600 people. Ocwen Financial Corp (OCN) is traded on New York Stock Exchange in USA and employs 5,600 people.

Ocwen Financial Corp Leadership Team

Elected by the shareholders, the Ocwen Financial's board of directors comprises two types of representatives: Ocwen Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocwen. The board's role is to monitor Ocwen Financial's management team and ensure that shareholders' interests are well served. Ocwen Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ocwen Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Bourque, CFO and Executive VP
George Henley, Executive Vice President Chief Growth Officer
Peter Moenickheim, Executive Vice President Chief Risk Officer
June Campbell, Chief Financial Officer, Executive Vice President
John Britti, Executive Vice President, Chief Investment Officer
Dennis Zeleny, Executive Vice President Chief Administrative Officer
Joseph Long, Executive Vice President Capital Markets
Robert Salcetti, Independent Director
Carol Galante, Independent Director
Alan Bowers, Independent Director
DeForest Soaries, Independent Director
Timothy Yanoti, Executive Vice President Chief Growth Officer
Otto Kumbar, Vice President
Albert Celini, Senior Vice President Chief Compliance Officer, Chief Risk Officer
Ronald Faris, CEO and President Director, Member of Executive Committee and Member of Compliance Committee
Richard Cooperstein, Vice President and CFO, Ocwen Mortgage Servicing, Inc.
Marcelo Cruz, Executive Vice President Chief Risk Officer
Michael Stanton, Senior Vice President General Counsel, Secretary
Kevin Stein, Independent Director
Timothy Hayes, Executive VP, General Counsel and Secretary
Jenne Britell, Independent Director
Ronald Korn, Independent Director
Jacques Busquet, Independent Director
Francois Grunenwald, Senior Vice President Chief Accounting Officer
William Lacy, Independent Director
Phyllis Caldwell, Independent Chairman of the Board
Catherine Dondzila, Chief Accounting Officer and Sr. VP
Glen Messina, President, Chief Executive Officer, Director
Joseph Samarias, Executive Vice President, General Counsel, Company Secretary
Scott Anderson, Executive Vice President and Chief Servicing Officer
Robert Lipstein, Independent Director
Barry Wish, Independent Chairman Emeritus
Arthur Walker, Senior Vice President - Global Tax

Ocwen Stock Performance Indicators

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Is Ocwen Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocwen Financial. If investors know Ocwen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocwen Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ocwen Financial Corp is measured differently than its book value, which is the value of Ocwen that is recorded on the company's balance sheet. Investors also form their own opinion of Ocwen Financial's value that differs from its market value or its book value, called intrinsic value, which is Ocwen Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocwen Financial's market value can be influenced by many factors that don't directly affect Ocwen Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocwen Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine Ocwen Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocwen Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.