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    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_768EAEC1EEC216F1209E515001DCB0A0_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_00034AF378F95BC8A36A8101B137163D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent loan repurchase liability</link:label>
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    <link:label id="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_C724A91DEE02E799DE66515001DC8974_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_E47B73CBDBDF57B293D5A3A04F8D325F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued legal fees and settlements</link:label>
    <link:label id="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_C724A91DEE02E799DE66515001DC8974_label_en-US" xlink:label="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_E47B73CBDBDF57B293D5A3A04F8D325F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Professional Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_E47B73CBDBDF57B293D5A3A04F8D325F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_332325F8B2E625067191515001DC1855_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_1D36709E742E550299C6C8D392848AD4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to NRZ</link:label>
    <link:label id="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_332325F8B2E625067191515001DC1855_label_en-US" xlink:label="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_1D36709E742E550299C6C8D392848AD4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable, Other</link:label>
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    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_33EA0DA8A417D95931B3515001DCC3E0_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_51BE2E5BDE0B59C7B220BAA21D4114BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other accrued expenses</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_33EA0DA8A417D95931B3515001DCC3E0_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_51BE2E5BDE0B59C7B220BAA21D4114BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_51BE2E5BDE0B59C7B220BAA21D4114BF" xlink:type="locator" />
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    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_14D471648A06B3054D84515001DC1012_terseLabel_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_A037BA1C729D5103977F187A78C8FEED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing-related obligations</link:label>
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_14D471648A06B3054D84515001DC1012_label_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_A037BA1C729D5103977F187A78C8FEED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due To Servicing and Subservicing Investors</link:label>
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_14D471648A06B3054D84515001DC1012_documentation_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_A037BA1C729D5103977F187A78C8FEED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amounts due to investors in loans that we service under servicing and subservicing agreements.</link:label>
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    <link:label id="lab_ocn_IndemnificationObligationsLiability_6EA34BE2D8DDA3709357515001DCFA19_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_923CEEB5F3275C4697CE3068AC95E8E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for indemnification obligations</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiability_6EA34BE2D8DDA3709357515001DCFA19_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_923CEEB5F3275C4697CE3068AC95E8E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiability_6EA34BE2D8DDA3709357515001DCFA19_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_923CEEB5F3275C4697CE3068AC95E8E1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the liability for indemnification obligations.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_923CEEB5F3275C4697CE3068AC95E8E1" xlink:type="locator" />
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    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_31C80897770F53699D66515001DC11AC_terseLabel_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_F423AA59F1D558D99183B1C44105795F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for uncertain tax positions</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_31C80897770F53699D66515001DC11AC_label_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_F423AA59F1D558D99183B1C44105795F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability For Uncertain Tax Positions</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_31C80897770F53699D66515001DC11AC_documentation_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_F423AA59F1D558D99183B1C44105795F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognized for uncertain tax positions as of the balance sheet date.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LiabilityForUncertainTaxPositions" xlink:label="loc_ocn_LiabilityForUncertainTaxPositions_F423AA59F1D558D99183B1C44105795F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LiabilityForUncertainTaxPositions_F423AA59F1D558D99183B1C44105795F" xlink:to="lab_ocn_LiabilityForUncertainTaxPositions_F423AA59F1D558D99183B1C44105795F" xlink:type="arc" />
    <link:label id="lab_ocn_ChecksHeldForEscheat_887F03ABA9143B9A1667515001DC2BB7_terseLabel_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_998F59A76F8351EEB1E809D1A9977912" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Checks held for escheat</link:label>
    <link:label id="lab_ocn_ChecksHeldForEscheat_887F03ABA9143B9A1667515001DC2BB7_label_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_998F59A76F8351EEB1E809D1A9977912" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Checks Held For Escheat</link:label>
    <link:label id="lab_ocn_ChecksHeldForEscheat_887F03ABA9143B9A1667515001DC2BB7_documentation_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_998F59A76F8351EEB1E809D1A9977912" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of checks held for escheat.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ChecksHeldForEscheat" xlink:label="loc_ocn_ChecksHeldForEscheat_998F59A76F8351EEB1E809D1A9977912" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredRevenue_3C4A65C60CE79D54B96E515001DC4D5A_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredRevenue_41A8A71813405906B1317311D1A158BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income</link:label>
    <link:label id="lab_us-gaap_DeferredRevenue_3C4A65C60CE79D54B96E515001DC4D5A_label_en-US" xlink:label="lab_us-gaap_DeferredRevenue_41A8A71813405906B1317311D1A158BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="loc_us-gaap_DeferredRevenue_41A8A71813405906B1317311D1A158BE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestPayableCurrent_CF736D75BD8E99F4E56A515001DCBFB2_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent_5CF1E4D1843F5BA9A57586FAF44760D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest payable</link:label>
    <link:label id="lab_us-gaap_InterestPayableCurrent_CF736D75BD8E99F4E56A515001DCBFB2_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent_5CF1E4D1843F5BA9A57586FAF44760D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Payable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="loc_us-gaap_InterestPayableCurrent_5CF1E4D1843F5BA9A57586FAF44760D3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DerivativeLiabilities_00C5A820C68A4317EC25515001DCEBE9_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_A974C06019B65420835AB98EF4C04513" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivatives, at fair value</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilities_00C5A820C68A4317EC25515001DCEBE9_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_A974C06019B65420835AB98EF4C04513" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability</link:label>
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    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_A1DA8F02919956E60A50515001DCD65F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_456D72BFCEDD5C42A10959D37146E8B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_us-gaap_OtherLiabilities_65A4FFB73480E1737231515001DCF9AB_totalLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_A0E8E0F9C8A258D7B744744F312385FA" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_69E6E381F7175DC09A4106F0D1A29264" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_F683F9401DCD5EEFBC95C919C7D347E7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_F683F9401DCD5EEFBC95C919C7D347E7" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_F683F9401DCD5EEFBC95C919C7D347E7" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_42E681BC2EAB5E3B883E67C8522B683D" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_1EAF7D7B86FD5873971C80B6BCFB6530" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive_8FD035829C0D52AEBE6224DBD73D3133" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_0EDB02A5F9310EBE0FB45B95CD987828_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_ADADF79261D55CB18B8292AA3A1A8098" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
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    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_ECA85BA2EB26BC8EF7965B95CD981810_label_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_56B69191C31C5C61B258383253D0F139" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portion at Fair Value Measurement [Member]</link:label>
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    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_920D85B4D3C9C53F9C745B95CD9805B1_terseLabel_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_228745C153A058E4810FFCFA2100A298" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Value [Member]</link:label>
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    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EA2081A60AAAC431758B5B95CD98261E_terseLabel_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_93D9C65ED2195A6B8D92B834C8021A07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value [Member]</link:label>
    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EA2081A60AAAC431758B5B95CD98261E_label_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_93D9C65ED2195A6B8D92B834C8021A07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimate of Fair Value Measurement [Member]</link:label>
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    <link:label id="lab_ocn_FinancialAssetsAbstract_E2C9DAC4C6F6D0FFCB615B95CD983B6A_terseLabel_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_7DA9CE58C1B35183BC7B2FB3EBFD77EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets:</link:label>
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    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_4BE7BE452DC03C309DFC5B95CDA2BDEF_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_0A4ECA5B551751F8B740074970A9643D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Loans held for sale</link:label>
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    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_B41460F040E0D26631DF5B95CDA28A27_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_38894888119C533EB08573B972B4B5E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment - Reverse mortgages, at fair value</link:label>
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    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_B41460F040E0D26631DF5B95CDA28A27_documentation_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_38894888119C533EB08573B972B4B5E8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the home equity conversion mortgages insured by FHA.</link:label>
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    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_162053AA670B9DDE6C615B95CDA29641_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_C8EBC9C1335B516AB9E223A41F8F72C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances and match funded advances</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_162053AA670B9DDE6C615B95CDA29641_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_C8EBC9C1335B516AB9E223A41F8F72C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances and Match Funded Advances Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_162053AA670B9DDE6C615B95CDA29641_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_C8EBC9C1335B516AB9E223A41F8F72C2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents advances and match funded advances.</link:label>
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    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_F459686765F9ED35287E5B95CDA2802E_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_348143D12EE75EBA820443E2AD612BA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_F459686765F9ED35287E5B95CDA2802E_label_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_348143D12EE75EBA820443E2AD612BA6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_348143D12EE75EBA820443E2AD612BA6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesFairValueDisclosure_348143D12EE75EBA820443E2AD612BA6" xlink:to="lab_us-gaap_ReceivablesFairValueDisclosure_348143D12EE75EBA820443E2AD612BA6" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_9ADD34B0004DE62767085B95CDA21B43_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_76C0AA214E195AABA726BBFD14BEDDF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage-backed securities, at fair value</link:label>
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_9ADD34B0004DE62767085B95CDA21B43_label_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_76C0AA214E195AABA726BBFD14BEDDF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage-backed Securities Held-to-maturity, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure" xlink:label="loc_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_76C0AA214E195AABA726BBFD14BEDDF5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_76C0AA214E195AABA726BBFD14BEDDF5" xlink:to="lab_us-gaap_MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure_76C0AA214E195AABA726BBFD14BEDDF5" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_511BC2398461A150CA2C5B95CDA2D76C_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_E1EE333A803A5CCC92B2406B0B5235DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. Treasury notes</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_511BC2398461A150CA2C5B95CDA2D76C_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_E1EE333A803A5CCC92B2406B0B5235DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_E1EE333A803A5CCC92B2406B0B5235DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_E1EE333A803A5CCC92B2406B0B5235DB" xlink:to="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_E1EE333A803A5CCC92B2406B0B5235DB" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_A77D07861913BB690D1B5B95CDA2173C_terseLabel_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_23153D473BF0510BB34F7FBF1B364532" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities:</link:label>
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_A77D07861913BB690D1B5B95CDA2173C_label_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_23153D473BF0510BB34F7FBF1B364532" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Liabilities [Abstract]</link:label>
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_A77D07861913BB690D1B5B95CDA2173C_documentation_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_23153D473BF0510BB34F7FBF1B364532" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FinancialLiabilitiesAbstract" xlink:label="loc_ocn_FinancialLiabilitiesAbstract_23153D473BF0510BB34F7FBF1B364532" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialLiabilitiesAbstract_23153D473BF0510BB34F7FBF1B364532" xlink:to="lab_ocn_FinancialLiabilitiesAbstract_23153D473BF0510BB34F7FBF1B364532" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_F4F4758529A4058A284C5B95CDA2DA4A_verboseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_4E0DF82500C2580C97A6D808CEAFAC03" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Match funded liabilities</link:label>
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_F4F4758529A4058A284C5B95CDA2DA4A_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_4E0DF82500C2580C97A6D808CEAFAC03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_4E0DF82500C2580C97A6D808CEAFAC03" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_4E0DF82500C2580C97A6D808CEAFAC03" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_4E0DF82500C2580C97A6D808CEAFAC03" xlink:type="arc" />
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_C6263D147CCE19C88E1D5B95CDA2B48D_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_FE042833AA8850CEA3B45A8F6AF1D9E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing liabilities:</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_C6263D147CCE19C88E1D5B95CDA2B48D_label_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_FE042833AA8850CEA3B45A8F6AF1D9E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Liabilities [Abstract]</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_C6263D147CCE19C88E1D5B95CDA2B48D_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_FE042833AA8850CEA3B45A8F6AF1D9E5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Liabilities [Abstract]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FinancingLiabilitiesAbstract" xlink:label="loc_ocn_FinancingLiabilitiesAbstract_FE042833AA8850CEA3B45A8F6AF1D9E5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilitiesAbstract_FE042833AA8850CEA3B45A8F6AF1D9E5" xlink:to="lab_ocn_FinancingLiabilitiesAbstract_FE042833AA8850CEA3B45A8F6AF1D9E5" xlink:type="arc" />
    <link:label id="lab_ocn_HMBSBorrowingsFairValueDisclosure_3735B6ECB4D6338500EB5B95CDA20489_terseLabel_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_126B15EC8FC35CA5AAB33C2F8E69F807" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HMBS-related borrowings, at fair value</link:label>
    <link:label id="lab_ocn_HMBSBorrowingsFairValueDisclosure_3735B6ECB4D6338500EB5B95CDA20489_label_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_126B15EC8FC35CA5AAB33C2F8E69F807" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HMBS Borrowings, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_HMBSBorrowingsFairValueDisclosure_3735B6ECB4D6338500EB5B95CDA20489_documentation_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_126B15EC8FC35CA5AAB33C2F8E69F807" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">HMBS Borrowings, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_HMBSBorrowingsFairValueDisclosure" xlink:label="loc_ocn_HMBSBorrowingsFairValueDisclosure_126B15EC8FC35CA5AAB33C2F8E69F807" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HMBSBorrowingsFairValueDisclosure_126B15EC8FC35CA5AAB33C2F8E69F807" xlink:to="lab_ocn_HMBSBorrowingsFairValueDisclosure_126B15EC8FC35CA5AAB33C2F8E69F807" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_B5D2A91FEA7E336146395B95CDA2CD0B_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6E2DA09B62C550879CF03DEE20748ED2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing liability - MSRs pledged</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_B5D2A91FEA7E336146395B95CDA2CD0B_label_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6E2DA09B62C550879CF03DEE20748ED2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights, Pledged, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_B5D2A91FEA7E336146395B95CDA2CD0B_documentation_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6E2DA09B62C550879CF03DEE20748ED2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights, Pledged, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MortgageServiceRightsPledgedFairValueDisclosure" xlink:label="loc_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6E2DA09B62C550879CF03DEE20748ED2" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_47B0F39BF20F10D35E6D5B95CDA229AB_terseLabel_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_B270525DBC495816B1EB4CD90C7E552B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_47B0F39BF20F10D35E6D5B95CDA229AB_label_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_B270525DBC495816B1EB4CD90C7E552B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Financing Liabilities, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_47B0F39BF20F10D35E6D5B95CDA229AB_documentation_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_B270525DBC495816B1EB4CD90C7E552B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financing Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OtherFinancingLiabilitiesFairValueDisclosure" xlink:label="loc_ocn_OtherFinancingLiabilitiesFairValueDisclosure_B270525DBC495816B1EB4CD90C7E552B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_580B8D4EEE55FD97E3C75B95CDA226E4_netLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_99F7E2010F0D553DBB963A91C85822EF" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Total Financing liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_99F7E2010F0D553DBB963A91C85822EF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_C8059ABFD90C80B14A5F5B95CDA2E47C_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_478433A1F8FA5108BE416AB7417A1A51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other secured borrowings:</link:label>
    <link:label id="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_C8059ABFD90C80B14A5F5B95CDA2E47C_label_en-US" xlink:label="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_478433A1F8FA5108BE416AB7417A1A51" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract" xlink:label="loc_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_478433A1F8FA5108BE416AB7417A1A51" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_478433A1F8FA5108BE416AB7417A1A51" xlink:to="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_478433A1F8FA5108BE416AB7417A1A51" xlink:type="arc" />
    <link:label id="lab_us-gaap_SeniorLongTermNotes_50FBE51152CA93519D2D5B95CDA226FB_terseLabel_en-US" xlink:label="lab_us-gaap_SeniorLongTermNotes_FF912FFF5C6C5CB59E66AB1F5F907E4D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior secured term loan</link:label>
    <link:label id="lab_us-gaap_SeniorLongTermNotes_50FBE51152CA93519D2D5B95CDA226FB_label_en-US" xlink:label="lab_us-gaap_SeniorLongTermNotes_FF912FFF5C6C5CB59E66AB1F5F907E4D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Notes, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SeniorLongTermNotes" xlink:label="loc_us-gaap_SeniorLongTermNotes_FF912FFF5C6C5CB59E66AB1F5F907E4D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherBorrowings_4E52F957AAAAF8D122CF5B95CDA2EBD7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherBorrowings_E2B22CEEB2675007BF21DC7B0D103D53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_50F7B37CCE97D72B82230BBD4C9E4332_label_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_50F7B37CCE97D72B82230BBD4C9E4332" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_50F7B37CCE97D72B82230BBD4C9E4332" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_50F7B37CCE97D72B82230BBD4C9E4332" xlink:to="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_50F7B37CCE97D72B82230BBD4C9E4332" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivable [Domain]</link:label>
    <link:label id="lab_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3_label_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="loc_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3" xlink:to="lab_us-gaap_ReceivableTypeDomain_2E68AB0DEEE2537499030BBD4C9E2CE3" xlink:type="arc" />
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024_terseLabel_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Delinquent FHA Insured Loans [Member]</link:label>
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024_label_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Delinquent FHA Insured Loans [Member]</link:label>
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024_documentation_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Delinquent FHA insured loans.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DelinquentFHAInsuredLoansMember" xlink:label="loc_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024" xlink:to="lab_ocn_DelinquentFHAInsuredLoansMember_15D64B8AC7B0FAFF2FFB0BBD4C9E3024" xlink:type="arc" />
    <link:label id="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24_terseLabel_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FHA Buyout Loans [Member]</link:label>
    <link:label id="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24_label_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FHA Buyout Loans [Member]</link:label>
    <link:label id="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24_documentation_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">FHA Buyout Loans [Member]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FHABuyoutLoansMember" xlink:label="loc_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24" xlink:to="lab_ocn_FHABuyoutLoansMember_A3E947C9EF2CC933BA920BBD4C9E4F24" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3_terseLabel_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Advances [Member]</link:label>
    <link:label id="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3_label_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Advances [Member]</link:label>
    <link:label id="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3_documentation_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Advances [Member]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ServicingAdvancesMember" xlink:label="loc_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3" xlink:to="lab_ocn_ServicingAdvancesMember_DAC5DC1E2D36FA3C0FCD0BBD4C9EAEE3" xlink:type="arc" />
    <link:label id="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778_terseLabel_en-US" xlink:label="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances [Member]</link:label>
    <link:label id="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778_label_en-US" xlink:label="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances [Member]</link:label>
    <link:label id="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778_documentation_en-US" xlink:label="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_AdvancesMember" xlink:label="loc_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778" xlink:to="lab_ocn_AdvancesMember_DBE9AADE7E27CDBA763F0BBD4C9E8778" xlink:type="arc" />
    <link:label id="lab_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211_terseLabel_en-US" xlink:label="lab_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:label id="lab_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211_label_en-US" xlink:label="lab_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CounterpartyNameAxis" xlink:label="loc_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211" xlink:to="lab_us-gaap_CounterpartyNameAxis_1D79495D268F962F11F60BBD4C9E9211" xlink:type="arc" />
    <link:label id="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7EADF5B440D45F77BD960BBD4C9E5F94_terseLabel_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7EADF5B440D45F77BD960BBD4C9E5F94" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:label id="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7EADF5B440D45F77BD960BBD4C9E5F94_label_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7EADF5B440D45F77BD960BBD4C9E5F94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_us-gaap_RepurchaseAgreementCounterpartyNameDomain_7EADF5B440D45F77BD960BBD4C9E5F94" xlink:type="locator" />
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    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720_terseLabel_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ [Member]</link:label>
    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720_label_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Residential Investment Corp [Member]</link:label>
    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720_documentation_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Residential Investment Corp.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NewResidentialInvestmentCorpMember" xlink:label="loc_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720" xlink:to="lab_ocn_NewResidentialInvestmentCorpMember_1970660688283ED352460BBD4C9E8720" xlink:type="arc" />
    <link:label id="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A_terseLabel_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrelated Party [Member]</link:label>
    <link:label id="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A_label_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrelated Party [Member]</link:label>
    <link:label id="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A_documentation_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unrelated party.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_UnrelatedPartyMember" xlink:label="loc_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A" xlink:to="lab_ocn_UnrelatedPartyMember_E6956132CD4F02FD74BC0BBD4C9EC46A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditMember_0B88CA9F6AE7D1329AE90BBD4C9EA9BA_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_0B88CA9F6AE7D1329AE90BBD4C9EA9BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditMember_0B88CA9F6AE7D1329AE90BBD4C9EA9BA_label_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_0B88CA9F6AE7D1329AE90BBD4C9EA9BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditMember_0B88CA9F6AE7D1329AE90BBD4C9EA9BA" xlink:to="lab_us-gaap_LineOfCreditMember_0B88CA9F6AE7D1329AE90BBD4C9EA9BA" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44" xlink:to="lab_us-gaap_StatementBusinessSegmentsAxis_36558C9575BB12A04DAD0BBD4C9E2C44" xlink:type="arc" />
    <link:label id="lab_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B" xlink:to="lab_us-gaap_SegmentDomain_2D5942368ADEDE34CE1F0BBD4C9E1A6B" xlink:type="arc" />
    <link:label id="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612_terseLabel_en-US" xlink:label="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lending [Member]</link:label>
    <link:label id="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612_label_en-US" xlink:label="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lending [Member]</link:label>
    <link:label id="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612_documentation_en-US" xlink:label="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Lending segment is focused on originating and purchasing agency-conforming residential mortgage loans mainly through correspondent lending business.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LendingMember" xlink:label="loc_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612" xlink:to="lab_ocn_LendingMember_BD877441D7C106E8B8630BBD4C9E0612" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5_terseLabel_en-US" xlink:label="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing [Member]</link:label>
    <link:label id="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5_label_en-US" xlink:label="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing [Member]</link:label>
    <link:label id="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5_documentation_en-US" xlink:label="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans serviced on behalf of others.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ServicingMember" xlink:label="loc_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5" xlink:to="lab_ocn_ServicingMember_9F2D3ED4F2F0F624CD880BBD4C9EE2C5" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts, Notes, Loans and Financing Receivable [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00" xlink:to="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_5FA0DEB5D5B23C0E00E00BBD4C9E4B00" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at fair value, UPB pledged to secure warehouse lines of credit</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Collateral Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05" xlink:to="lab_us-gaap_DebtInstrumentCollateralAmount_CEE3D5F647F9F1D40FB60BBD4C9EDD05" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UPB of loans held for sale</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D_label_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Sale, Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D_documentation_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held for Sale, Unpaid Principal Balance</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LoansHeldforSaleUnpaidPrincipalBalance" xlink:label="loc_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D" xlink:to="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_0A70708A190C299E4AC40BBD4C9EEE9D" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan and related advances proceeds</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E" xlink:to="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_DE1DB2A4ECE5B8A1D0080BBD4C9E4B3E" xlink:type="arc" />
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480_verboseLabel_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total gains on sales of loans</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480_label_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale Net</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480_documentation_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale Net</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_GainOnLoansHeldForSaleNet" xlink:label="loc_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480" xlink:to="lab_ocn_GainOnLoansHeldForSaleNet_31B4738BC355D5B309A90BBD4C9EB480" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Value assigned to MSRs retained on transfers of forward loans</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Fair Value, Additions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ServicingAssetAtFairValueAdditions" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95" xlink:to="lab_us-gaap_ServicingAssetAtFairValueAdditions_4D6EF241936B3475BE930BBD4C9E3F95" xlink:type="arc" />
    <link:label id="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA_terseLabel_en-US" xlink:label="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains on sales of repurchased Ginnie Mae Loans which are carried at the lower of cost or fair value</link:label>
    <link:label id="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA_label_en-US" xlink:label="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Restricted For Securitization Investors Fair Value</link:label>
    <link:label id="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA_documentation_en-US" xlink:label="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the adjustment to initially recognize loans which are restricted for securitization investors at fair value.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LoansRestrictedForSecuritizationInvestorsFairValue" xlink:label="loc_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA" xlink:to="lab_ocn_LoansRestrictedForSecuritizationInvestorsFairValue_4307CDA5508C1AADD7B40BBD4C9E3DCA" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on loans held for sale, net</link:label>
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7_label_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sales of Loans, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnSalesOfLoansNet" xlink:label="loc_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7" xlink:to="lab_us-gaap_GainLossOnSalesOfLoansNet_F182773BFAABA8814A310BBD4C9E2AC7" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments to purchase loans held-for-sale</link:label>
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1_label_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Purchase Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1" xlink:to="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_D47AB673EAE916889FE10BBD4C9E3CE1" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableRateAxis_4156045D8F379FD9A16A5C50BABEE96D_terseLabel_en-US" xlink:label="lab_us-gaap_VariableRateAxis_A9DA17C7CB205BBEB25A0CDB485E62D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:label id="lab_us-gaap_VariableRateAxis_4156045D8F379FD9A16A5C50BABEE96D_label_en-US" xlink:label="lab_us-gaap_VariableRateAxis_A9DA17C7CB205BBEB25A0CDB485E62D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="loc_us-gaap_VariableRateAxis_A9DA17C7CB205BBEB25A0CDB485E62D2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableRateDomain_708067290CEC625361E25C50BABE619C_terseLabel_en-US" xlink:label="lab_us-gaap_VariableRateDomain_2BA4C0D0D20653669E04D61AF857F7D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:label id="lab_us-gaap_VariableRateDomain_708067290CEC625361E25C50BABE619C_label_en-US" xlink:label="lab_us-gaap_VariableRateDomain_2BA4C0D0D20653669E04D61AF857F7D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableRateDomain" xlink:label="loc_us-gaap_VariableRateDomain_2BA4C0D0D20653669E04D61AF857F7D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableRateDomain_2BA4C0D0D20653669E04D61AF857F7D8" xlink:to="lab_us-gaap_VariableRateDomain_2BA4C0D0D20653669E04D61AF857F7D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_5A6B023512E94702925A5C50BABE7CE7_terseLabel_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_1C0B0F174468539D95392EF5D8845C32" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LIBOR [Member]</link:label>
    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_5A6B023512E94702925A5C50BABE7CE7_label_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_1C0B0F174468539D95392EF5D8845C32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">London Interbank Offered Rate (LIBOR) [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_1C0B0F174468539D95392EF5D8845C32" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_1C0B0F174468539D95392EF5D8845C32" xlink:to="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_1C0B0F174468539D95392EF5D8845C32" xlink:type="arc" />
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    <link:label id="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_3CF56DE19DE4AB7590EA4EF905E6B6CE_terseLabel_en-US" xlink:label="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_2AC226CC075E592287A9C74FA7E3F883" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Components of Servicing and Subservicing Fees</link:label>
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    <link:label id="lab_us-gaap_ScheduleOfStockByClassTable_E5EA35C21A5868C188E564E91965B448_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfStockByClassTable_26DC0CB92922596A9D67A267A5FA2568" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Stock by Class [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfStockByClassTable_E5EA35C21A5868C188E564E91965B448_label_en-US" xlink:label="lab_us-gaap_ScheduleOfStockByClassTable_26DC0CB92922596A9D67A267A5FA2568" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Stock by Class [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_26DC0CB92922596A9D67A267A5FA2568" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_26DC0CB92922596A9D67A267A5FA2568" xlink:to="lab_us-gaap_ScheduleOfStockByClassTable_26DC0CB92922596A9D67A267A5FA2568" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessAcquisitionAxis_CE408353DBD1CCD7D6D164E91965D7A3_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAxis_06A4D11903C8542999563A4303743150" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition [Axis]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionAxis_CE408353DBD1CCD7D6D164E91965D7A3_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAxis_06A4D11903C8542999563A4303743150" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_06A4D11903C8542999563A4303743150" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_06A4D11903C8542999563A4303743150" xlink:to="lab_us-gaap_BusinessAcquisitionAxis_06A4D11903C8542999563A4303743150" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessAcquisitionAcquireeDomain_D5B11F8F0EDA55FD996264E919651D41_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAcquireeDomain_49CE486183955ABCA71E6AB49D6C61B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Acquiree [Domain]</link:label>
    <link:label id="lab_us-gaap_BusinessAcquisitionAcquireeDomain_D5B11F8F0EDA55FD996264E919651D41_label_en-US" xlink:label="lab_us-gaap_BusinessAcquisitionAcquireeDomain_49CE486183955ABCA71E6AB49D6C61B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition, Acquiree [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_49CE486183955ABCA71E6AB49D6C61B7" xlink:type="locator" />
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    <link:label id="lab_ocn_HomewardAcquisitionMember_D7090025DDB2B964080764E91965A79C_verboseLabel_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_AD33FD96C51E552C838EC89C435086F0" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Homeward Acquisition [Member]</link:label>
    <link:label id="lab_ocn_HomewardAcquisitionMember_D7090025DDB2B964080764E91965A79C_label_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_AD33FD96C51E552C838EC89C435086F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Homeward Acquisition [Member]</link:label>
    <link:label id="lab_ocn_HomewardAcquisitionMember_D7090025DDB2B964080764E91965A79C_documentation_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_AD33FD96C51E552C838EC89C435086F0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents information about Homeward acquisitions.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_HomewardAcquisitionMember" xlink:label="loc_ocn_HomewardAcquisitionMember_AD33FD96C51E552C838EC89C435086F0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomewardAcquisitionMember_AD33FD96C51E552C838EC89C435086F0" xlink:to="lab_ocn_HomewardAcquisitionMember_AD33FD96C51E552C838EC89C435086F0" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_CEF9F82C1428715E76F464E91965CF51_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_FFC4D86C183952539BD5721B1B73D5C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementClassOfStockAxis_CEF9F82C1428715E76F464E91965CF51_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_FFC4D86C183952539BD5721B1B73D5C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_FFC4D86C183952539BD5721B1B73D5C0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementClassOfStockAxis_FFC4D86C183952539BD5721B1B73D5C0" xlink:to="lab_us-gaap_StatementClassOfStockAxis_FFC4D86C183952539BD5721B1B73D5C0" xlink:type="arc" />
    <link:label id="lab_us-gaap_ClassOfStockDomain_37FFBCF38937E9A3954364E91965C6E0_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_7332ED510CF950AC9F96D7E3B156DD0B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockDomain_37FFBCF38937E9A3954364E91965C6E0_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_7332ED510CF950AC9F96D7E3B156DD0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_7332ED510CF950AC9F96D7E3B156DD0B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockDomain_7332ED510CF950AC9F96D7E3B156DD0B" xlink:to="lab_us-gaap_ClassOfStockDomain_7332ED510CF950AC9F96D7E3B156DD0B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConvertiblePreferredStockMember_2FC5C6A035E7EF4417A764E91965EB6D_terseLabel_en-US" xlink:label="lab_us-gaap_ConvertiblePreferredStockMember_E0C2FE2065DD581C82F9FECBC8839FF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series A Perpetual Convertible Preferred Stock [Member]</link:label>
    <link:label id="lab_us-gaap_ConvertiblePreferredStockMember_2FC5C6A035E7EF4417A764E91965EB6D_label_en-US" xlink:label="lab_us-gaap_ConvertiblePreferredStockMember_E0C2FE2065DD581C82F9FECBC8839FF8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Convertible Preferred Stock [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertiblePreferredStockMember" xlink:label="loc_us-gaap_ConvertiblePreferredStockMember_E0C2FE2065DD581C82F9FECBC8839FF8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConvertiblePreferredStockMember_E0C2FE2065DD581C82F9FECBC8839FF8" xlink:to="lab_us-gaap_ConvertiblePreferredStockMember_E0C2FE2065DD581C82F9FECBC8839FF8" xlink:type="arc" />
    <link:label id="lab_us-gaap_ClassOfStockLineItems_9ACD41F4906E6D22FC3464E919652966_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_B7BC618AFD5750E69CAA6886FBC9263E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class of Stock [Line Items]</link:label>
    <link:label id="lab_us-gaap_ClassOfStockLineItems_9ACD41F4906E6D22FC3464E919652966_label_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_B7BC618AFD5750E69CAA6886FBC9263E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="loc_us-gaap_ClassOfStockLineItems_B7BC618AFD5750E69CAA6886FBC9263E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockLineItems_B7BC618AFD5750E69CAA6886FBC9263E" xlink:to="lab_us-gaap_ClassOfStockLineItems_B7BC618AFD5750E69CAA6886FBC9263E" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfEquity_C8210ED2223D3666424864E9196569BF_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfEquity_FD8AF28D0D415C9BA80F84819CB66D08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments for repurchase of equity</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfEquity_C8210ED2223D3666424864E9196569BF_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfEquity_FD8AF28D0D415C9BA80F84819CB66D08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Equity</link:label>
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    <link:label id="lab_us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion_8293F6B6C12D4491D50164E919655F9D_verboseLabel_en-US" xlink:label="lab_us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion_FE9E6CC55AE554EB90AEB97FF5CF6515" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shares issued upon election (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion" xlink:label="loc_us-gaap_ConvertiblePreferredStockSharesIssuedUponConversion_FE9E6CC55AE554EB90AEB97FF5CF6515" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfPreferredSharesToBeConverted_2785A9043D88E9274CBA64E9196548C2_terseLabel_en-US" xlink:label="lab_ocn_NumberOfPreferredSharesToBeConverted_07BB28C493015C9A881A2243F7BE25E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of convertible shares remaining (in shares)</link:label>
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    <link:label id="lab_ocn_NumberOfPreferredSharesToBeConverted_2785A9043D88E9274CBA64E9196548C2_documentation_en-US" xlink:label="lab_ocn_NumberOfPreferredSharesToBeConverted_07BB28C493015C9A881A2243F7BE25E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of preferred shares to be converted.</link:label>
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    <link:label id="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1_FD7CF5A3BBCC51FDCED664E919657EC6_terseLabel_en-US" xlink:label="lab_us-gaap_StockRepurchaseProgramAuthorizedAmount1_BC671DAA67D55D8F8A6ED3B5A77FAC67" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share repurchase program, authorized amount of repurchase</link:label>
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    <link:label id="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF_terseLabel_en-US" xlink:label="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of trusts to terminate as servicer in case if allegations proved</link:label>
    <link:label id="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF_label_en-US" xlink:label="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Trusts To Terminate As Servicer In Case If Allegations Proved</link:label>
    <link:label id="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF_documentation_en-US" xlink:label="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of trusts to terminate as servicer in case if allegations proved.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved" xlink:label="loc_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF" xlink:to="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_4D00A1A71B129E1A02930D8A084105DF" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2_verboseLabel_en-US" xlink:label="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of trust where servicing transferred to another loan servicer</link:label>
    <link:label id="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2_label_en-US" xlink:label="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Non-Agency Servicing Agreements Terminated Due To downgrades In Mortgage Servicer Rating</link:label>
    <link:label id="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2_documentation_en-US" xlink:label="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of non-agency servicing agreements terminated due to downgrades in mortgage servicer rating.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating" xlink:label="loc_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2" xlink:to="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_475B3FD97EE086ADEF040D8A0841B6E2" xlink:type="arc" />
    <link:label id="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A_terseLabel_en-US" xlink:label="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period of oversight by an independent national monitor</link:label>
    <link:label id="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A_label_en-US" xlink:label="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Oversight Monitor Period</link:label>
    <link:label id="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A_documentation_en-US" xlink:label="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loss Contingency, Oversight Monitor Period</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LossContingencyOversightMonitorPeriod" xlink:label="loc_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A" xlink:to="lab_ocn_LossContingencyOversightMonitorPeriod_277596AC07EDA2F9E33F0D8A0841437A" xlink:type="arc" />
    <link:label id="lab_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE_terseLabel_en-US" xlink:label="lab_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Independent operations monitor period extendable at discretion Regulator</link:label>
    <link:label id="lab_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE_label_en-US" xlink:label="lab_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Independent Operations Monitor Period Extendable At discretion Regulator</link:label>
    <link:label id="lab_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE_documentation_en-US" xlink:label="lab_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Independent operations monitor period extendable at discretion regulator.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator" xlink:label="loc_ocn_IndependentOperationsMonitorPeriodExtendableAtdiscretionRegulator_AE114B26F768BF8839760D8A084133EE" xlink:type="locator" />
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    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31_terseLabel_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial penalties in case of uncured violations</link:label>
    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31_label_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Penalties In Case Of Uncured Violations</link:label>
    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31_documentation_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial penalties in case of uncured violations.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FinancialPenaltiesInCaseOfUncuredViolations" xlink:label="loc_ocn_FinancialPenaltiesInCaseOfUncuredViolations_FF49F86D9F3D8E016B420D8A0841AF31" xlink:type="locator" />
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    <link:label id="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF_terseLabel_en-US" xlink:label="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Consumer relief credits</link:label>
    <link:label id="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF_label_en-US" xlink:label="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consumer Relief Credits</link:label>
    <link:label id="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF_documentation_en-US" xlink:label="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consumer relief credits.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ConsumerReliefCredits" xlink:label="loc_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF" xlink:to="lab_ocn_ConsumerReliefCredits_F0D89F81738666E9A1330D8A08417EFF" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states who are part of confidential supervisory memorandum of understanding</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Who Are Part Of Confidential Supervisory Memorandum Of Understanding</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of states which are part of confidential supervisory memorandum of understanding.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding" xlink:label="loc_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C" xlink:to="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_2649DCEC359E0C2C90F70D8A08414D1C" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding representation and warranty repurchase demands</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warranty Repurchase Demands Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unpaid principal balance related to outstanding representation and warranty repurchase demands as of the end of the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance" xlink:label="loc_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A" xlink:to="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_91826BFC2324C5D3C9B10D8A0841636A" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding representation and warranty repurchase demands, number of loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warranty Repurchase Demands Number Of Loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of loans related to outstanding representation and warranty repurchase demands as of the end of the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_WarrantyRepurchaseDemandsNumberOfLoans" xlink:label="loc_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338" xlink:to="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_6E4A98AF095485B3FC850D8A0841F338" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states charging with regulatory action</link:label>
    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92_label_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Charging With Regulatory Action</link:label>
    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the number of states which have taken regulatory action, alleging breaches of various laws, regulations and licensing requirements, including those related to escrow administration and proper licensing of business activities.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NumberOfStatesChargingWithRegulatoryAction" xlink:label="loc_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92" xlink:to="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_1133C76D9CBEEA69F5AC0D8A08411F92" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states where acquiring new mortgage servicing rights are prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Where Acquiring New Mortgage Servicing Rights Are Prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states where acquiring new mortgage servicing rights are prohibited following the cease and desist order.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited" xlink:label="loc_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_EEABB05F0B060C532F500D8A0841CADA" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_EEF3E9402723C2D19CF20BBD4CAEF0DC_label_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_EEF3E9402723C2D19CF20BBD4CAEF0DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Financing Costs, Float Earnings</link:label>
    <link:label id="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_EEF3E9402723C2D19CF20BBD4CAEF0DC_documentation_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_EEF3E9402723C2D19CF20BBD4CAEF0DC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Financing Costs, Float Earnings</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FairValueInputsFinancingCostsFloatEarnings" xlink:label="loc_ocn_FairValueInputsFinancingCostsFloatEarnings_EEF3E9402723C2D19CF20BBD4CAEF0DC" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_F7E4F9BF5122C4AB94930BBD4CAE7A33_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_F7E4F9BF5122C4AB94930BBD4CAE7A33" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value input, interest rate</link:label>
    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_F7E4F9BF5122C4AB94930BBD4CAE7A33_label_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_F7E4F9BF5122C4AB94930BBD4CAE7A33" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Basis Spread On Variable Rate</link:label>
    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_F7E4F9BF5122C4AB94930BBD4CAE7A33_documentation_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_F7E4F9BF5122C4AB94930BBD4CAE7A33" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fair value inputs basis spread on advance borrowings.</link:label>
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    <link:label id="lab_us-gaap_FairValueInputsDiscountRate_F267E7C7497AFF851B9E0BBD4CAE3273_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsDiscountRate_F267E7C7497AFF851B9E0BBD4CAE3273" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average discount rate</link:label>
    <link:label id="lab_us-gaap_FairValueInputsDiscountRate_F267E7C7497AFF851B9E0BBD4CAE3273_label_en-US" xlink:label="lab_us-gaap_FairValueInputsDiscountRate_F267E7C7497AFF851B9E0BBD4CAE3273" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="loc_us-gaap_FairValueInputsDiscountRate_F267E7C7497AFF851B9E0BBD4CAE3273" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average cost to service (in dollars)</link:label>
    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B_label_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Weighted Average Cost To Service</link:label>
    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B_documentation_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value inputs, weighted average cost to service (in dollars).</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FairValueInputsWeightedAverageCostToService" xlink:label="loc_ocn_FairValueInputsWeightedAverageCostToService_153C888FC7AB2F3240A80BBD4CAE6A6B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyTransactionsAbstract_F283E3EA74E93C4219E0AB4A6C7631DC_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsAbstract_D9A0D3D40D84513C9B9CC79CE8D1F21D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_D9A0D3D40D84513C9B9CC79CE8D1F21D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_28D8CE935BB5B4AB1610AB4A6C76C3B9_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_20CDBD899CDD57F3AE79CA04C8C9A3A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transactions</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_28D8CE935BB5B4AB1610AB4A6C76C3B9_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_20CDBD899CDD57F3AE79CA04C8C9A3A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="loc_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_20CDBD899CDD57F3AE79CA04C8C9A3A4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityTable_CE07278F99CD4C4A716C0BBD4BE3D532_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_CE07278F99CD4C4A716C0BBD4BE3D532" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityTable_CE07278F99CD4C4A716C0BBD4BE3D532_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_CE07278F99CD4C4A716C0BBD4BE3D532" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_CE07278F99CD4C4A716C0BBD4BE3D532" xlink:type="locator" />
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    <link:label id="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B_terseLabel_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Loan Servicing [Member]</link:label>
    <link:label id="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B_label_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Loan Servicing [Member]</link:label>
    <link:label id="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B_documentation_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen loan servicing.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OcwenLoanServicingMember" xlink:label="loc_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B" xlink:to="lab_ocn_OcwenLoanServicingMember_B7D20E30FD62794BF2990BBD4BE3EE5B" xlink:type="arc" />
    <link:label id="lab_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F_terseLabel_en-US" xlink:label="lab_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or After May 15, 2016 [Member]</link:label>
    <link:label id="lab_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F_label_en-US" xlink:label="lab_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On Or After May Fifteen Two Thousand Sixteen [Member]</link:label>
    <link:label id="lab_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F_documentation_en-US" xlink:label="lab_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redemption of notes on or after May 15, 2016.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OnOrAfterMayFifteenTwoThousandSixteenMember" xlink:label="loc_ocn_OnOrAfterMayFifteenTwoThousandSixteenMember_75639D14B09974E3C2DC0BC9C546B96F" xlink:type="locator" />
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    <link:label id="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F_terseLabel_en-US" xlink:label="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or Before November 15, 2018 [Member]</link:label>
    <link:label id="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F_label_en-US" xlink:label="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On Or Before November Fifteen Two Thousand Eighteen [Member]</link:label>
    <link:label id="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F_documentation_en-US" xlink:label="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes redemption on or before November 15, 2018.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember" xlink:label="loc_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_95D5BB2ECE8573F9CD4B0BBD4BE3953F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Line Items]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6" xlink:to="lab_us-gaap_LineOfCreditFacilityLineItems_B9CC972DA85C8F2532D20BBD4BE36EE6" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_11B6F15F4848BB3D42B70BBD4BE34427_verboseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_11B6F15F4848BB3D42B70BBD4BE34427" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">UPB of rights to MSRs sold</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_11B6F15F4848BB3D42B70BBD4BE34427_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_11B6F15F4848BB3D42B70BBD4BE34427" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Face Amount of Mortgages</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_11B6F15F4848BB3D42B70BBD4BE34427" xlink:type="locator" />
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    <link:label id="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA_terseLabel_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding servicing advances</link:label>
    <link:label id="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA_label_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding Servicing Advances</link:label>
    <link:label id="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA_documentation_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outstanding servicing advances in connection with rights to MSRs sold.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OutstandingServicingAdvances" xlink:label="loc_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA" xlink:to="lab_ocn_OutstandingServicingAdvances_0ABDAC178F9B3E520BF10BBD4BE3ECDA" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_523979DE2CFB8E8658900BBD4BE39AFD_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_523979DE2CFB8E8658900BBD4BE39AFD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Face amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_523979DE2CFB8E8658900BBD4BE39AFD_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_523979DE2CFB8E8658900BBD4BE39AFD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_4EBA6F14F4BA8827DCA80BBD4BE36059_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_4EBA6F14F4BA8827DCA80BBD4BE36059" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stated interest rate</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_4EBA6F14F4BA8827DCA80BBD4BE36059" xlink:type="locator" />
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    <link:label id="lab_ocn_PercentageOfSeniorUnsecuredNotesExchangedForSeniorSecuredSecondLienNotes_78B93A1B86CCC2621F470BBD4BE35EA7_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfSeniorUnsecuredNotesExchangedForSeniorSecuredSecondLienNotes_78B93A1B86CCC2621F470BBD4BE35EA7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of senior unsecured notes exchanged for senior secured second lien notes</link:label>
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    <link:loc xlink:href="ocn-20161231.xsd#ocn_PercentageOfSeniorUnsecuredNotesExchangedForSeniorSecuredSecondLienNotes" xlink:label="loc_ocn_PercentageOfSeniorUnsecuredNotesExchangedForSeniorSecuredSecondLienNotes_78B93A1B86CCC2621F470BBD4BE35EA7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_B1ADB69222A1117E5B630BBD4BE36CE8_verboseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_B1ADB69222A1117E5B630BBD4BE36CE8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unamortized debt issuance costs</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentage" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPricePercentage_F4260602E3EB1D15839D0BBD4BE3A67F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentRedemptionPricePercentage_F4260602E3EB1D15839D0BBD4BE3A67F" xlink:to="lab_us-gaap_DebtInstrumentRedemptionPricePercentage_F4260602E3EB1D15839D0BBD4BE3A67F" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum percentage available for redemption using net cash proceeds of one or more Equity Offerings as defined in Indenture</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A_label_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use Of Cash Proceeds From Equity Offerings, Percentage Of Principal Amount Redeemable</link:label>
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    <link:loc xlink:href="ocn-20161231.xsd#ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable" xlink:label="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A" xlink:to="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_92E0ADC8601DC8A3AC960BBD4BE34E9A" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount, redemption price</link:label>
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    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use Of Cash Proceeds From Equity Offerings, Redemption Price, Percentage</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage" xlink:label="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480" xlink:to="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_82985BFAD2F400B1BED90BBD4BE31480" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount to remain outstanding after redemption requirement</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0_label_en-US" xlink:label="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use of Cash Proceeds From Equity Offerings, Minimum Percentage of Principal Amount Outstanding</link:label>
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    <link:loc xlink:href="ocn-20161231.xsd#ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding" xlink:label="loc_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0" xlink:to="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_2C895917527BE757BDD50BBD4BE39BB0" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_641CC72DE4F2536758F50BBD4BE3079F_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_641CC72DE4F2536758F50BBD4BE3079F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum period for redemption after consummation of Equity Offering</link:label>
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    <link:loc xlink:href="ocn-20161231.xsd#ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering" xlink:label="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_641CC72DE4F2536758F50BBD4BE3079F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_641CC72DE4F2536758F50BBD4BE3079F" xlink:to="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_641CC72DE4F2536758F50BBD4BE3079F" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_53578E478E86825CFC150BBD4BE32F23_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_53578E478E86825CFC150BBD4BE32F23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount, repurchase price</link:label>
    <link:label id="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_53578E478E86825CFC150BBD4BE32F23_label_en-US" xlink:label="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_53578E478E86825CFC150BBD4BE32F23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Change Of Control, Purchase Price, Percentage</link:label>
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    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_F2DCDFFEAB86509090C70BBD4BE3814C_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_F2DCDFFEAB86509090C70BBD4BE3814C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deb covenant, required consolidated tangible net worth</link:label>
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    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_F2DCDFFEAB86509090C70BBD4BE3814C_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_F2DCDFFEAB86509090C70BBD4BE3814C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of consolidated tangible net worth requirement as part of the most restrictive covenant requirement.</link:label>
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    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ACD3622F29CC6E443B73EF3D545DE0CB_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_8C023CC029D15CCBB1C72EA5AEDC3F76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_8C023CC029D15CCBB1C72EA5AEDC3F76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_8C023CC029D15CCBB1C72EA5AEDC3F76" xlink:to="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_8C023CC029D15CCBB1C72EA5AEDC3F76" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesTable_B937A686C44BA229528A8D01F68D3943_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_CEC3D1EB02265159B037BF43862EBCFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Table]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesTable_B937A686C44BA229528A8D01F68D3943_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_CEC3D1EB02265159B037BF43862EBCFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Table]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesTable_B937A686C44BA229528A8D01F68D3943_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_CEC3D1EB02265159B037BF43862EBCFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents information regarding Schedule of match funded advances.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MatchFundedAdvancesTable" xlink:label="loc_ocn_MatchFundedAdvancesTable_CEC3D1EB02265159B037BF43862EBCFE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ResidentialMortgageMember_F906CF0CB57B5B8ED0A98D01F68D4BFE_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember_D3CF1BC90D99546CBC4328FEF5AD3E5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential Mortgage [Member]</link:label>
    <link:label id="lab_us-gaap_ResidentialMortgageMember_F906CF0CB57B5B8ED0A98D01F68D4BFE_label_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember_D3CF1BC90D99546CBC4328FEF5AD3E5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Mortgage [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ResidentialMortgageMember" xlink:label="loc_us-gaap_ResidentialMortgageMember_D3CF1BC90D99546CBC4328FEF5AD3E5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialMortgageMember_D3CF1BC90D99546CBC4328FEF5AD3E5E" xlink:to="lab_us-gaap_ResidentialMortgageMember_D3CF1BC90D99546CBC4328FEF5AD3E5E" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_E770ED0EC5FA9CEB717D8D01F68D8C34_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_EEA836A47E4655BC8D1893DD3558F6D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Line Items]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_E770ED0EC5FA9CEB717D8D01F68D8C34_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_EEA836A47E4655BC8D1893DD3558F6D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Line Items]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_E770ED0EC5FA9CEB717D8D01F68D8C34_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_EEA836A47E4655BC8D1893DD3558F6D4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line item represents information regarding match funded advances.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MatchFundedAdvancesLineItems" xlink:label="loc_ocn_MatchFundedAdvancesLineItems_EEA836A47E4655BC8D1893DD3558F6D4" xlink:type="locator" />
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    <link:label id="lab_ocn_MatchFundedAdvancesRollForward_CDB1C47F8949BA89E5E68D01F68D6688_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesRollForward_F1123683E7DF5CDD8B5660BB94ECA442" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Roll Forward]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesRollForward_CDB1C47F8949BA89E5E68D01F68D6688_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesRollForward_F1123683E7DF5CDD8B5660BB94ECA442" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Roll Forward]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesRollForward_CDB1C47F8949BA89E5E68D01F68D6688_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesRollForward_F1123683E7DF5CDD8B5660BB94ECA442" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Roll Forward]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MatchFundedAdvancesRollForward" xlink:label="loc_ocn_MatchFundedAdvancesRollForward_F1123683E7DF5CDD8B5660BB94ECA442" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedAdvancesRollForward_F1123683E7DF5CDD8B5660BB94ECA442" xlink:to="lab_ocn_MatchFundedAdvancesRollForward_F1123683E7DF5CDD8B5660BB94ECA442" xlink:type="arc" />
    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_BE27B43F8436F8AC81728D01F68D036D_periodStartLabel_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_33C6BB047C475A8881E3F8A4FC1E6626" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_BE27B43F8436F8AC81728D01F68D036D_label_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_33C6BB047C475A8881E3F8A4FC1E6626" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted For As Secured Borrowings Assets Carrying Amount Two</link:label>
    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_BE27B43F8436F8AC81728D01F68D036D_documentation_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_33C6BB047C475A8881E3F8A4FC1E6626" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount of accumulated prepayments made by financial institutions on behalf of borrowers for principal, interest, taxes (for example, property taxes) and insurance (for example, property and catastrophe) accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo" xlink:label="loc_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_33C6BB047C475A8881E3F8A4FC1E6626" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_33C6BB047C475A8881E3F8A4FC1E6626" xlink:to="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_33C6BB047C475A8881E3F8A4FC1E6626" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_F225DC1C02AE1322A8E48D01F68D92AD_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_2A7CA80A3CF75E50B74A0C8BF320AD79" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisitions</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_F225DC1C02AE1322A8E48D01F68D92AD_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_2A7CA80A3CF75E50B74A0C8BF320AD79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Acquired During Period</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_F225DC1C02AE1322A8E48D01F68D92AD_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_2A7CA80A3CF75E50B74A0C8BF320AD79" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Acquired During Period</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MatchFundedAdvancesAcquiredDuringPeriod" xlink:label="loc_ocn_MatchFundedAdvancesAcquiredDuringPeriod_2A7CA80A3CF75E50B74A0C8BF320AD79" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedAdvancesAcquiredDuringPeriod_2A7CA80A3CF75E50B74A0C8BF320AD79" xlink:to="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_2A7CA80A3CF75E50B74A0C8BF320AD79" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesTransfers_EA3CAD1E205FD1FB962A8D01F68DA3C2_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTransfers_8BF64FB0892F5499BE095C887603B334" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers from advances</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesTransfers_EA3CAD1E205FD1FB962A8D01F68DA3C2_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTransfers_8BF64FB0892F5499BE095C887603B334" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Transfers</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesTransfers_EA3CAD1E205FD1FB962A8D01F68DA3C2_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTransfers_8BF64FB0892F5499BE095C887603B334" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Transfers</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MatchFundedAdvancesTransfers" xlink:label="loc_ocn_MatchFundedAdvancesTransfers_8BF64FB0892F5499BE095C887603B334" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedAdvancesTransfers_8BF64FB0892F5499BE095C887603B334" xlink:to="lab_ocn_MatchFundedAdvancesTransfers_8BF64FB0892F5499BE095C887603B334" xlink:type="arc" />
    <link:label id="lab_ocn_SaleOfMatchFundedAdvances_43C9BD45D818D73042578D01F68D41AD_negatedTerseLabel_en-US" xlink:label="lab_ocn_SaleOfMatchFundedAdvances_4774CFBAAFA95373B1969ABF850D67A3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sales of advances</link:label>
    <link:label id="lab_ocn_SaleOfMatchFundedAdvances_43C9BD45D818D73042578D01F68D41AD_label_en-US" xlink:label="lab_ocn_SaleOfMatchFundedAdvances_4774CFBAAFA95373B1969ABF850D67A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Match Funded Advances</link:label>
    <link:label id="lab_ocn_SaleOfMatchFundedAdvances_43C9BD45D818D73042578D01F68D41AD_documentation_en-US" xlink:label="lab_ocn_SaleOfMatchFundedAdvances_4774CFBAAFA95373B1969ABF850D67A3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale related to match funded advances.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_SaleOfMatchFundedAdvances" xlink:label="loc_ocn_SaleOfMatchFundedAdvances_4774CFBAAFA95373B1969ABF850D67A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SaleOfMatchFundedAdvances_4774CFBAAFA95373B1969ABF850D67A3" xlink:to="lab_ocn_SaleOfMatchFundedAdvances_4774CFBAAFA95373B1969ABF850D67A3" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesCollections_27D75F402F199FEC48948D01F68DACA4_negatedTerseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_EB3F3F2961B85E21BFD8FC5A9345B151" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Collections of pledged advances, net</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesCollections_27D75F402F199FEC48948D01F68DACA4_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_EB3F3F2961B85E21BFD8FC5A9345B151" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Collections</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesCollections_27D75F402F199FEC48948D01F68DACA4_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_EB3F3F2961B85E21BFD8FC5A9345B151" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Collections</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MatchFundedAdvancesCollections" xlink:label="loc_ocn_MatchFundedAdvancesCollections_EB3F3F2961B85E21BFD8FC5A9345B151" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedAdvancesCollections_EB3F3F2961B85E21BFD8FC5A9345B151" xlink:to="lab_ocn_MatchFundedAdvancesCollections_EB3F3F2961B85E21BFD8FC5A9345B151" xlink:type="arc" />
    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_8FC7C8CC5E33343C09CA8D01F68D94E8_periodEndLabel_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_E4C1E3CACC5F5B6393ADEF99B51772DB" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo" xlink:label="loc_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_E4C1E3CACC5F5B6393ADEF99B51772DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_E4C1E3CACC5F5B6393ADEF99B51772DB" xlink:to="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_E4C1E3CACC5F5B6393ADEF99B51772DB" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_FD72C8D88B73FAF11FEFAB4A6D0377CD_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_049B8B94C5E054679FEF5D1527B2BC50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Table]</link:label>
    <link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_FD72C8D88B73FAF11FEFAB4A6D0377CD_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_049B8B94C5E054679FEF5D1527B2BC50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_049B8B94C5E054679FEF5D1527B2BC50" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_B20699EEBB2967522030AB4A6D03E7A6_terseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_42338AD7C5715D23889A838520E66DBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementEquityComponentsAxis_B20699EEBB2967522030AB4A6D03E7A6_label_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_42338AD7C5715D23889A838520E66DBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_42338AD7C5715D23889A838520E66DBE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_42338AD7C5715D23889A838520E66DBE" xlink:to="lab_us-gaap_StatementEquityComponentsAxis_42338AD7C5715D23889A838520E66DBE" xlink:type="arc" />
    <link:label id="lab_us-gaap_EquityComponentDomain_52034D5DFAF0383BB033AB4A6D0307CE_terseLabel_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_FAB70FA4983D5E9A8001D0442B28CB8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
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    <link:label id="lab_ocn_DerivativeInstrumentsGainLossRecognizedinIncomeGainLossonTerminationofHedge_C11560B93C8A50D809B7AB4A6D034956_terseLabel_en-US" xlink:label="lab_ocn_DerivativeInstrumentsGainLossRecognizedinIncomeGainLossonTerminationofHedge_C9365DE66BA750A081BFEE3AC4BC6078" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Losses on terminated cash flow hedging relationships amortized to earnings</link:label>
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    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent_FFCBEAF7CB02F643008DAB4A6D033E71_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent_C276CF4BB1065941A6CA974B69D025B2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in deferred taxes on accumulated losses on cash flow hedges</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent_C276CF4BB1065941A6CA974B69D025B2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent_C0E58259E288E583704BAB4A6D03994D_totalLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent_BB2356F0D02C53F3A844BFE4AA7043C7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Decrease in accumulated losses on cash flow hedges, net of taxes</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent_C0E58259E288E583704BAB4A6D03994D_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent_BB2356F0D02C53F3A844BFE4AA7043C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax, Portion Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent" xlink:label="loc_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent_BB2356F0D02C53F3A844BFE4AA7043C7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_1A133E5BD8E2178517A6AB4A6D03FC65_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_597DA7E0B84551CA98BF3E4F7A9CD1D3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other, net of taxes</link:label>
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    <link:label id="lab_us-gaap_AssetsAbstract_8E3B573291F01A9469AB51500517992B_verboseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_1CFDDAC1F3C457BE8FB2F992D77E355A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
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    <link:label id="lab_us-gaap_Cash_56C80E760CCF617CB04D5150051718A3_terseLabel_en-US" xlink:label="lab_us-gaap_Cash_6237EDF1A8F95B2DBCAD931D4C00A89B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash</link:label>
    <link:label id="lab_us-gaap_Cash_56C80E760CCF617CB04D5150051718A3_label_en-US" xlink:label="lab_us-gaap_Cash_6237EDF1A8F95B2DBCAD931D4C00A89B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash</link:label>
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    <link:label id="lab_ocn_Advances_17968AE203564D05CA2851500517D126_terseLabel_en-US" xlink:label="lab_ocn_Advances_1497A94E3F2252CCA0447AD2E72D051C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances, net</link:label>
    <link:label id="lab_ocn_Advances_17968AE203564D05CA2851500517D126_label_en-US" xlink:label="lab_ocn_Advances_1497A94E3F2252CCA0447AD2E72D051C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_ocn_Advances_17968AE203564D05CA2851500517D126_documentation_en-US" xlink:label="lab_ocn_Advances_1497A94E3F2252CCA0447AD2E72D051C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of non-interest-bearing advances made on loans serviced for others. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors.</link:label>
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    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C762FF4DDA6620847D45515005170C9B_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_C6963BDE332859069F84632C06AADCEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match funded advances (related to variable interest entities (VIEs))</link:label>
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    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_A318E508C6E68526324A515005170285_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_B1C99A88EB7E5AF89A4B7EC62AE54215" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale ($284,632 and $309,054 carried at fair value)</link:label>
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    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_EFA120810766254E05C451500517807F_label_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_E26E018BEBE55C0882FA5DD4B5E4D50B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable, Fair Value Disclosure</link:label>
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    <link:label id="lab_us-gaap_OtherReceivables_00771406DE3543B4C71451500517E70F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_D7B06FE86D1159D79CE463ABA743DA28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_00771406DE3543B4C71451500517E70F_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_D7B06FE86D1159D79CE463ABA743DA28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables</link:label>
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    <link:label id="lab_us-gaap_DeferredTaxAssetsNet_DB982151D18B56D5830651500517DDB7_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet_46F9AF6341995937A3F423871C927015" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets, net</link:label>
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_DAE256FF0FA685728CB9515005178AD7_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_392F1ABE0B3758ED9D48AD42218330B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_F46967F7770B5F759CB29333714A9075" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LiabilitiesAbstract_737B202C2EA29014A2DC515005175B06_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_BCB538A35A295D8C99338DF0EE979920" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_5F4C92D54CF4541DAAC4339E2AD538E6" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_C9220AE9BDAD5926B0485E0261F32536" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NondesignatedMember_52C698333A7071F806BC5CA5CE810C68_terseLabel_en-US" xlink:label="lab_us-gaap_NondesignatedMember_5A19450FB8385B01A70B44C814023011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Not Designated as Hedging Instrument [Member]</link:label>
    <link:label id="lab_us-gaap_NondesignatedMember_52C698333A7071F806BC5CA5CE810C68_label_en-US" xlink:label="lab_us-gaap_NondesignatedMember_5A19450FB8385B01A70B44C814023011" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not Designated as Hedging Instrument [Member]</link:label>
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    <link:label id="lab_ocn_InterestRateDerivativesNotDesignatedAsHedgesExpirationDate_2C2C9D1DDB07D3DC80645CA5CE815BBE_documentation_en-US" xlink:label="lab_ocn_InterestRateDerivativesNotDesignatedAsHedgesExpirationDate_9F6F02219B83510DADC2849A85D2DC85" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest rate derivatives not designated as hedges expiration date.</link:label>
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    <link:label id="lab_ocn_ScheduleofInterestExpenseTable_A1DC18A250197FCCF89EABE2432A87E5_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseTable_A0AD3EBD2B1B519D9ED5D89D23DD30AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Interest Expense [Table]</link:label>
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    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_AB737CA9EDE75B873BD152B598AD8957_documentation_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_36C83AFD39C658008339D8837F09D913" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from principal payments on mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
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    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_33B383815F9B2A7589AE52B598AD858B_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_3C0EBDD84DA859A29F95B43062B85BA3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to accounts receivable</link:label>
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    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_33B383815F9B2A7589AE52B598AD858B_documentation_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_3C0EBDD84DA859A29F95B43062B85BA3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to accounts receivable from mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
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    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_A1E4E7BD56D7250ABFDF52B598ADEEB3_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_918A5D3DEC955B94B0CFCFDA2DD1FF3C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to real estate owned</link:label>
    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_A1E4E7BD56D7250ABFDF52B598ADEEB3_label_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_918A5D3DEC955B94B0CFCFDA2DD1FF3C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to Real Estate Owned from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_A1E4E7BD56D7250ABFDF52B598ADEEB3_documentation_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_918A5D3DEC955B94B0CFCFDA2DD1FF3C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to real estate owned from mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_918A5D3DEC955B94B0CFCFDA2DD1FF3C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_4EBDECCAA93D80BD767B52B598AD0C7B_negatedLabel_en-US" xlink:label="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_2DA08749C5C8560E8D22A70FD4FD7F90" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transfers to loans held for sale at fair value</link:label>
    <link:label id="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_4EBDECCAA93D80BD767B52B598AD0C7B_label_en-US" xlink:label="lab_us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1_2DA08749C5C8560E8D22A70FD4FD7F90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer of Portfolio Loans and Leases to Held-for-sale</link:label>
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    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_37C4AD7DB0521319497A52B598AD50BF_terseLabel_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_33314081F5DF517394908C851E8C0316" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of loans</link:label>
    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_37C4AD7DB0521319497A52B598AD50BF_label_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_33314081F5DF517394908C851E8C0316" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Mortgage Loans Held-for-sale, at Lower Cost or Fair Value</link:label>
    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_37C4AD7DB0521319497A52B598AD50BF_documentation_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_33314081F5DF517394908C851E8C0316" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (loss) on sale of mortgage loans held-for-sale, at lower cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue" xlink:label="loc_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_33314081F5DF517394908C851E8C0316" xlink:type="locator" />
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    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3F7DF7EC571DEC830A7F52B598ADCA06_negatedTerseLabel_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_601D630FD24E557F8590FF0161091D7B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in valuation allowance</link:label>
    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3F7DF7EC571DEC830A7F52B598ADCA06_label_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_601D630FD24E557F8590FF0161091D7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">(Increase) Decrease in Valuation Allowance of Mortgage Loans Held-for-sale, at Lower Cost or Fair Value</link:label>
    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3F7DF7EC571DEC830A7F52B598ADCA06_documentation_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_601D630FD24E557F8590FF0161091D7B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">(Increase) decrease in valuation allowance of mortgage loans held-for-sale, at lower cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue" xlink:label="loc_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_601D630FD24E557F8590FF0161091D7B" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_C35F893E3B1A0BFB225B52B598AD4CCF_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_CB23C8660A4F558AAA7444849F50BB31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_C35F893E3B1A0BFB225B52B598AD4CCF_label_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_CB23C8660A4F558AAA7444849F50BB31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Adjustments to Mortgage Loans Held-for-sale, at Lower Cost or Fair Value</link:label>
    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_C35F893E3B1A0BFB225B52B598AD4CCF_documentation_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_CB23C8660A4F558AAA7444849F50BB31" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other adjustments to mortgage loans held-for-sale, at lower cost or fair value.</link:label>
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    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_5BBF45E2C43B8C504D5A52B598AD95A8_periodEndLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_B46CA670CD02580BB8F17A68B44794C3" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
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    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrent_1CF7046C2EF8632DF2CC83F21699983A_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrent_583EDE8CB6EB5BF983FA2800B59F52C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expenses in connection with downgrade in servicers rating</link:label>
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    <link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_CBA980C0C017145DBE504EF903D443AB_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock_568195F56C525008ADC9880B3F871792" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_66A175BA5EC86295761D68F99C15DBC5_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_99377EC7713356A69383266EF21885AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_83954813969E4886BFAA68F99C1523A9_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_B197AEAB21175835B1C833646E3861B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_83954813969E4886BFAA68F99C1523A9_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_B197AEAB21175835B1C833646E3861B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Four Years</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_A509B14B8BD18101026C68F99C15033D_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_31D2C033CBD15F948E663AC7AB74EEAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_A509B14B8BD18101026C68F99C15033D_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_31D2C033CBD15F948E663AC7AB74EEAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Five Years</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_F6720E1DE10078527DF668F99C15EAA0_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_408AE3703EC458A3B21BF86221B901BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_408AE3703EC458A3B21BF86221B901BF" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_408AE3703EC458A3B21BF86221B901BF" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesRentExpenseMinimumRentals_EB8BFDA542287A681D5168F99C15EDD8_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesRentExpenseMinimumRentals_17607C4707C0532F941F800A1D883EA7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total minimum lease payments, gross</link:label>
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    <link:label id="lab_ocn_MortgageServicingRightsMember_F245407CDD90863C12D8EE6CC7A045C1_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_E24D87F8FF265C9CA46D7CDC92B27F06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent" xlink:label="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_EEB86A1607AD52E4BD23E763DD36DD5E" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtServiceAccounts_338C873E19B07F5554C951500305C517_terseLabel_en-US" xlink:label="lab_ocn_DebtServiceAccounts_66EE94E9AB2D5E4F8BAF47328E5C3578" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt service accounts</link:label>
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    <link:loc xlink:href="ocn-20161231.xsd#ocn_DebtServiceAccounts" xlink:label="loc_ocn_DebtServiceAccounts_66EE94E9AB2D5E4F8BAF47328E5C3578" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NotesAndLoansReceivableNetCurrent_E7D134226E29C6BDAD2B51500305C148_terseLabel_en-US" xlink:label="lab_us-gaap_NotesAndLoansReceivableNetCurrent_645DD8FB9A0D50628C9CE03B4B0ADBF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Automotive dealer financing notes, net</link:label>
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    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNet_FAF9EADA212A16B993C8515003052568_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet_D7B50EA0CAE85755BBFB8EE07C87FB3B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivatives, at fair value</link:label>
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    <link:label id="lab_us-gaap_RelatedPartyTransactionAxis_6C76F8B780F8A7C0720E4EF902EA4741_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionAxis_DB85F4567C8D50019E9A1189D140C80D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Axis]</link:label>
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    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_3F096F12A0D50F47EA394EF904CD997B_totalLabel_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_B081C697D60B52C7BA90EF8799EE119C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Match funded advances</link:label>
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    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_D4CBE5CC830B3AA8FD0151500372C2DC_terseLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_156654BFBDDE5867AB857AB7B53E70C4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_D4CBE5CC830B3AA8FD0151500372C2DC_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_156654BFBDDE5867AB857AB7B53E70C4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fees, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesAmount" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesAmount_156654BFBDDE5867AB857AB7B53E70C4" xlink:type="locator" />
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    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_4A704437676EF491332B515003724962_terseLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_F02783CE693554559AA1F485CF4AC1B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subservicing</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_4A704437676EF491332B515003724962_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_F02783CE693554559AA1F485CF4AC1B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Subservicing Fees Amount</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_4A704437676EF491332B515003724962_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_F02783CE693554559AA1F485CF4AC1B5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All amounts that, per contract, are due to the subservicer in exchange for subservicing the financial asset and would no longer be received by a subservicer if the owners of the servicing rights were to exercise their authority under the contract to shift the subservicing to another servicer.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ContractuallySpecifiedSubservicingFeesAmount" xlink:label="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_F02783CE693554559AA1F485CF4AC1B5" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_98867264D024E11903C7515003721977_terseLabel_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_0D1CBFE1AF3C5E318DCFE702243F3276" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ</link:label>
    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_98867264D024E11903C7515003721977_label_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_0D1CBFE1AF3C5E318DCFE702243F3276" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Fee Collected On Behalf Of Counterparty</link:label>
    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_98867264D024E11903C7515003721977_documentation_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_0D1CBFE1AF3C5E318DCFE702243F3276" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing fee collected on mortgage servicing rights for which rights have been sold to NRZ.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ServicingFeeCollectedOnBehalfOfCounterparty" xlink:label="loc_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_0D1CBFE1AF3C5E318DCFE702243F3276" xlink:type="locator" />
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    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_2C7A57C9ABB3B4FE3A1E5150037234E3_totalLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_09D2E726AA535994B78B375E361E4892" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing and Subservicing fees, total</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_2C7A57C9ABB3B4FE3A1E5150037234E3_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_09D2E726AA535994B78B375E361E4892" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing And Subservicing Fees Amount Total</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_2C7A57C9ABB3B4FE3A1E5150037234E3_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_09D2E726AA535994B78B375E361E4892" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All amounts that, per contract, are due in exchange for servicing or subservicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal" xlink:label="loc_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_09D2E726AA535994B78B375E361E4892" xlink:type="locator" />
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    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_59E8C69C01520C911DDA515003723F57_terseLabel_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_34E3396776E3553BBC0D50C13A29EF2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Home Affordable Modification Program (HAMP) fees</link:label>
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_59E8C69C01520C911DDA515003723F57_label_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_34E3396776E3553BBC0D50C13A29EF2B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Modification Program Fees Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_59E8C69C01520C911DDA515003723F57_documentation_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_34E3396776E3553BBC0D50C13A29EF2B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fees related to a specific loan modification program due to the servicer in exchange for servicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_34E3396776E3553BBC0D50C13A29EF2B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_34E3396776E3553BBC0D50C13A29EF2B" xlink:to="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_34E3396776E3553BBC0D50C13A29EF2B" xlink:type="arc" />
    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_CE79415B60D6B44DE549515003726E79_terseLabel_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_5BE420FDD63C5D74BD886DD6CF2A88E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Late charges</link:label>
    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_CE79415B60D6B44DE549515003726E79_label_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_5BE420FDD63C5D74BD886DD6CF2A88E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Late Fee Income Generated by Servicing Financial Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_5BE420FDD63C5D74BD886DD6CF2A88E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_5BE420FDD63C5D74BD886DD6CF2A88E1" xlink:to="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_5BE420FDD63C5D74BD886DD6CF2A88E1" xlink:type="arc" />
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_259FDBB4FAC0865B23E851500372916B_terseLabel_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_3EA3E3498A6155D09C2AD6344E811931" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan collection fees</link:label>
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_259FDBB4FAC0865B23E851500372916B_label_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_3EA3E3498A6155D09C2AD6344E811931" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Collection Fees Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_259FDBB4FAC0865B23E851500372916B_documentation_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_3EA3E3498A6155D09C2AD6344E811931" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents loan collection fees paid by the borrower to the servicer for automated payment services.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_3EA3E3498A6155D09C2AD6344E811931" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_3EA3E3498A6155D09C2AD6344E811931" xlink:to="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_3EA3E3498A6155D09C2AD6344E811931" xlink:type="arc" />
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_CCC78FEE4F053C1C8A2B51500372DCC3_terseLabel_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_DEAEDAEC36085075A7A5B8A3C245105E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Custodial accounts (float earnings)</link:label>
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_CCC78FEE4F053C1C8A2B51500372DCC3_label_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_DEAEDAEC36085075A7A5B8A3C245105E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Float Earnings Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_CCC78FEE4F053C1C8A2B51500372DCC3_documentation_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_DEAEDAEC36085075A7A5B8A3C245105E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount related to interest earned on unremitted loan payments held in custodial accounts, are due to the servicer in exchange for servicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_DEAEDAEC36085075A7A5B8A3C245105E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_DEAEDAEC36085075A7A5B8A3C245105E" xlink:to="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_DEAEDAEC36085075A7A5B8A3C245105E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_574C2A36D05D3345887051500372B1A7_terseLabel_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_5ACD6D5CFDB450CF9159CF284D4C10B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_574C2A36D05D3345887051500372B1A7_label_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_5ACD6D5CFDB450CF9159CF284D4C10B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ancillary Fee Income Generated by Servicing Financial Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_5ACD6D5CFDB450CF9159CF284D4C10B3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_5ACD6D5CFDB450CF9159CF284D4C10B3" xlink:to="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_5ACD6D5CFDB450CF9159CF284D4C10B3" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_810260B5AD2ACFA9178151500372CDBE_totalLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_AAC5351AAEBE55C0AE4C3DF9084BF845" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Fees, total</link:label>
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_810260B5AD2ACFA9178151500372CDBE_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_AAC5351AAEBE55C0AE4C3DF9084BF845" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_AAC5351AAEBE55C0AE4C3DF9084BF845" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_AAC5351AAEBE55C0AE4C3DF9084BF845" xlink:to="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_AAC5351AAEBE55C0AE4C3DF9084BF845" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_FE44090B6E1316CB6053EEA20F689202_periodStartLabel_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_E6D7E3A6850D5457995A2947C1F56961" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_FE44090B6E1316CB6053EEA20F689202_label_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_E6D7E3A6850D5457995A2947C1F56961" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Notes, Loans and Financing Receivable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForNotesAndLoansReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_E6D7E3A6850D5457995A2947C1F56961" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_E6D7E3A6850D5457995A2947C1F56961" xlink:to="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_E6D7E3A6850D5457995A2947C1F56961" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_134E56277A6F763BDD0EEEA3402AD269_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_90E083AA133C5FB2ADC8E2BA4451759F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision</link:label>
    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_134E56277A6F763BDD0EEEA3402AD269_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_90E083AA133C5FB2ADC8E2BA4451759F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Loan and Lease Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="loc_us-gaap_ProvisionForLoanAndLeaseLosses_90E083AA133C5FB2ADC8E2BA4451759F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_2DA354F09C1E7FD281F7EF3D58435A50_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_531BC897087559889866A060CBA8B368" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
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    <link:label id="lab_ocn_OASISSeries20141Member_1F1210E4C838F0EF708C4B52F8A61C36_terseLabel_en-US" xlink:label="lab_ocn_OASISSeries20141Member_F830104A26C25DE8AAFD4C3351A667B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">OASIS Series 2014-1 [Member]</link:label>
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    <link:label id="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_109323F858265B47CFB74B52F8A6F045_terseLabel_en-US" xlink:label="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_858D327FA01E520FA22378EB268D2608" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Agency And Non-Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_109323F858265B47CFB74B52F8A6F045_label_en-US" xlink:label="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_858D327FA01E520FA22378EB268D2608" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Agency And Non-Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_109323F858265B47CFB74B52F8A6F045_documentation_en-US" xlink:label="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_858D327FA01E520FA22378EB268D2608" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Agency and non-agency mortgage servicing rights.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_858D327FA01E520FA22378EB268D2608" xlink:to="lab_ocn_AgencyAndNonAgencyMortgageServicingRightsMember_858D327FA01E520FA22378EB268D2608" xlink:type="arc" />
    <link:label id="lab_ocn_AgencyMortgageServicingRightsMember_999AC75E2A77E13D2C684B52F8A6EAC3_terseLabel_en-US" xlink:label="lab_ocn_AgencyMortgageServicingRightsMember_9DB08DFF3F6756C3925D190A40C02DC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Agency MSRs [Member]</link:label>
    <link:label id="lab_ocn_AgencyMortgageServicingRightsMember_999AC75E2A77E13D2C684B52F8A6EAC3_label_en-US" xlink:label="lab_ocn_AgencyMortgageServicingRightsMember_9DB08DFF3F6756C3925D190A40C02DC1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_AgencyMortgageServicingRightsMember_999AC75E2A77E13D2C684B52F8A6EAC3_documentation_en-US" xlink:label="lab_ocn_AgencyMortgageServicingRightsMember_9DB08DFF3F6756C3925D190A40C02DC1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Agency mortgage servicing rights.</link:label>
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    <link:label id="lab_us-gaap_PrincipalAmountOutstandingOnLoansSecuritized_76921B2113F5C961BBBF4B52F8A6E9EA_verboseLabel_en-US" xlink:label="lab_us-gaap_PrincipalAmountOutstandingOnLoansSecuritized_6CD865A7A2725E48904F9F724F914E20" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">UPB of MSRs related to Freddie Mac mortgages</link:label>
    <link:label id="lab_us-gaap_PrincipalAmountOutstandingOnLoansSecuritized_76921B2113F5C961BBBF4B52F8A6E9EA_label_en-US" xlink:label="lab_us-gaap_PrincipalAmountOutstandingOnLoansSecuritized_6CD865A7A2725E48904F9F724F914E20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement</link:label>
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    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_dei_EntityCurrentReportingStatus_1A5018914EB5B0DE237D0BBD4D4ABFE7" xlink:type="locator" />
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    <link:label id="lab_dei_EntityPublicFloat_FC597AEE7AFD75DEE4020BBD4D4A7273_terseLabel_en-US" xlink:label="lab_dei_EntityPublicFloat_FC597AEE7AFD75DEE4020BBD4D4A7273" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Public Float</link:label>
    <link:label id="lab_dei_EntityPublicFloat_FC597AEE7AFD75DEE4020BBD4D4A7273_label_en-US" xlink:label="lab_dei_EntityPublicFloat_FC597AEE7AFD75DEE4020BBD4D4A7273" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Public Float</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityPublicFloat" xlink:label="loc_dei_EntityPublicFloat_FC597AEE7AFD75DEE4020BBD4D4A7273" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_B4CF5162120E437047AF526888DC4E73_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_EAC92B395CC352BFA9CBBF1CF14C24EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability [Roll Forward]</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_B4CF5162120E437047AF526888DC4E73_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_EAC92B395CC352BFA9CBBF1CF14C24EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability [Roll Forward]</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_B4CF5162120E437047AF526888DC4E73_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_EAC92B395CC352BFA9CBBF1CF14C24EB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IndemnificationObligationsLiabilityRollForward" xlink:label="loc_ocn_IndemnificationObligationsLiabilityRollForward_EAC92B395CC352BFA9CBBF1CF14C24EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityRollForward_EAC92B395CC352BFA9CBBF1CF14C24EB" xlink:to="lab_ocn_IndemnificationObligationsLiabilityRollForward_EAC92B395CC352BFA9CBBF1CF14C24EB" xlink:type="arc" />
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_10F39557B791944C691F526888DC10C1_periodStartLabel_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_2ED732C9838B5A1DAA6EA0AE028F56C2" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_10F39557B791944C691F526888DC10C1_label_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_2ED732C9838B5A1DAA6EA0AE028F56C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Representation Warranty And Compensatory Fees Obligations</link:label>
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_10F39557B791944C691F526888DC10C1_documentation_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_2ED732C9838B5A1DAA6EA0AE028F56C2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the outstanding obligation of repurchase the loans, or otherwise indemnify or reimburse the investor or insurer for losses incurred due to material breach of contractual representation and warranties.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_RepresentationWarrantyAndCompensatoryFeesObligations" xlink:label="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_2ED732C9838B5A1DAA6EA0AE028F56C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_2ED732C9838B5A1DAA6EA0AE028F56C2" xlink:to="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_2ED732C9838B5A1DAA6EA0AE028F56C2" xlink:type="arc" />
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_E4B1883AB037F5B5CE7A526888DCFF7E_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_EB6D01EB5DFB5AD6AE89214602279B9D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Provision for representation and warranty obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_E4B1883AB037F5B5CE7A526888DCFF7E_label_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_EB6D01EB5DFB5AD6AE89214602279B9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision For Representation And Warranty Obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_E4B1883AB037F5B5CE7A526888DCFF7E_documentation_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_EB6D01EB5DFB5AD6AE89214602279B9D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents provision for representation and warranty obligations.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ProvisionForRepresentationAndWarrantyObligations" xlink:label="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_EB6D01EB5DFB5AD6AE89214602279B9D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_EB6D01EB5DFB5AD6AE89214602279B9D" xlink:to="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_EB6D01EB5DFB5AD6AE89214602279B9D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_7AE51BD9CA6E2767130C526888DCEF23_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_DE6B8D63A52753AAB9885349F760FC9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New production reserves</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_7AE51BD9CA6E2767130C526888DCEF23_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_DE6B8D63A52753AAB9885349F760FC9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability Reserves</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_7AE51BD9CA6E2767130C526888DCEF23_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_DE6B8D63A52753AAB9885349F760FC9B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents addition of indemnification obligations reserves for new loan production during the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IndemnificationObligationsLiabilityReserves" xlink:label="loc_ocn_IndemnificationObligationsLiabilityReserves_DE6B8D63A52753AAB9885349F760FC9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityReserves_DE6B8D63A52753AAB9885349F760FC9B" xlink:to="lab_ocn_IndemnificationObligationsLiabilityReserves_DE6B8D63A52753AAB9885349F760FC9B" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_A98D762E326942AA556E526888DC1412_negatedTerseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_5D4ED1597C6957189B1C490CC70C736D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payments made in connection with sales of MSRs</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_A98D762E326942AA556E526888DC1412_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_5D4ED1597C6957189B1C490CC70C736D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability Payments Made In Connection With Mortgage Servicing Rights Sale</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_A98D762E326942AA556E526888DC1412_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_5D4ED1597C6957189B1C490CC70C736D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indemnification obligations liability payments made in connection with mortgage servicing rights sale.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale" xlink:label="loc_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_5D4ED1597C6957189B1C490CC70C736D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_5D4ED1597C6957189B1C490CC70C736D" xlink:to="lab_ocn_IndemnificationObligationsLiabilityPaymentsMadeInConnectionWithMortgageServicingRightsSale_5D4ED1597C6957189B1C490CC70C736D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_EC8920A8F7AEA3939B5C526888DC4D07_negatedTerseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_D590DDC0E05C5126B6FB495483AA3100" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Charge-offs and other</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_EC8920A8F7AEA3939B5C526888DC4D07_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_D590DDC0E05C5126B6FB495483AA3100" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability Charge Offs</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_EC8920A8F7AEA3939B5C526888DC4D07_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_D590DDC0E05C5126B6FB495483AA3100" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of charge-offs against indemnification obligations liability.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IndemnificationObligationsLiabilityChargeOffs" xlink:label="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_D590DDC0E05C5126B6FB495483AA3100" xlink:type="locator" />
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    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_191F35E89A73E75085B2526888DC7576_periodEndLabel_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_7C57C87E932F50499461059A4B4E1281" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_RepresentationWarrantyAndCompensatoryFeesObligations" xlink:label="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_7C57C87E932F50499461059A4B4E1281" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_FE6BC6D865877B38632C52B5991D4386_periodStartLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_C799B20FDADA59B0B4005FEAB088FC62" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_C799B20FDADA59B0B4005FEAB088FC62" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_C799B20FDADA59B0B4005FEAB088FC62" xlink:to="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_C799B20FDADA59B0B4005FEAB088FC62" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_BD83313E78AA9AE2F99452B5991D596F_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_3EADB00BD8D35484816DD12D99EED3C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Originations and purchases</link:label>
    <link:label id="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_BD83313E78AA9AE2F99452B5991D596F_label_en-US" xlink:label="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_3EADB00BD8D35484816DD12D99EED3C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Origination of Mortgage Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale" xlink:label="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_3EADB00BD8D35484816DD12D99EED3C7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_3EADB00BD8D35484816DD12D99EED3C7" xlink:to="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_3EADB00BD8D35484816DD12D99EED3C7" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_A98FC8630AC4BC6FE93552B5991DF26B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_F427C89BBFD15E338025AE0ADE87A9DC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_A98FC8630AC4BC6FE93552B5991DF26B_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_F427C89BBFD15E338025AE0ADE87A9DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Mortgage Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_F427C89BBFD15E338025AE0ADE87A9DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_F427C89BBFD15E338025AE0ADE87A9DC" xlink:to="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_F427C89BBFD15E338025AE0ADE87A9DC" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_221633EE601804EEFB2052B5991DD5B3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_BC9ADCC6112E55F590EDC6523C12F6B4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Principal collections</link:label>
    <link:label id="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_221633EE601804EEFB2052B5991DD5B3_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_BC9ADCC6112E55F590EDC6523C12F6B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Loan and Lease Originations and Principal Collections</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1" xlink:label="loc_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_BC9ADCC6112E55F590EDC6523C12F6B4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_BC9ADCC6112E55F590EDC6523C12F6B4" xlink:to="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_BC9ADCC6112E55F590EDC6523C12F6B4" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_3D5302A029AFC127071352B5991D72F9_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_4F445237E1105098A63D16B7065BA964" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to loans held for investment - reverse mortgages</link:label>
    <link:label id="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_3D5302A029AFC127071352B5991D72F9_label_en-US" xlink:label="lab_us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1_4F445237E1105098A63D16B7065BA964" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer of Loans Held-for-sale to Portfolio Loans</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAssetsHeldForSale" xlink:label="loc_us-gaap_IncreaseDecreaseInAssetsHeldForSale_CFF4FD8AB2DA5381B9669D140B505B2A" xlink:type="locator" />
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    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionOneMember_301C9A977BCCE617CD470BBD4BC4986A_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionOneMember_301C9A977BCCE617CD470BBD4BC4986A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First option to elect borrowings interest rate per annum.</link:label>
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    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_9F7AB448A3D9942F5C610BBD4BC41B27_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_9F7AB448A3D9942F5C610BBD4BC41B27" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Option Two [Member]</link:label>
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    <link:label id="lab_us-gaap_FederalFundsEffectiveSwapRateMember_2436A8E1FA9B80B4AC8C0BBD4BC452BA_terseLabel_en-US" xlink:label="lab_us-gaap_FederalFundsEffectiveSwapRateMember_2436A8E1FA9B80B4AC8C0BBD4BC452BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal Funds Rate [Member]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_E747828C33E3175EE5810BBD4BC457E4" xlink:to="lab_us-gaap_ShortTermDebtTypeAxis_E747828C33E3175EE5810BBD4BC457E4" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00" xlink:to="lab_us-gaap_ShortTermDebtTypeDomain_4EE406362D453A0BCBD20BBD4BC4FD00" xlink:type="arc" />
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A_terseLabel_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Loan Warehouse Facilities [Member]</link:label>
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A_label_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warehouse Agreement Borrowings [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WarehouseAgreementBorrowingsMember" xlink:label="loc_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A" xlink:to="lab_us-gaap_WarehouseAgreementBorrowingsMember_146CE212D9E60539BD3F0BBD4BC4BF0A" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:label id="lab_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21_label_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21" xlink:to="lab_us-gaap_CreditFacilityAxis_D21BF8BF695473090AD40BBD4BC49C21" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:label id="lab_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1" xlink:to="lab_us-gaap_CreditFacilityDomain_C08850E5B63B1B92EE920BBD4BC487E1" xlink:type="arc" />
    <link:label id="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539_terseLabel_en-US" xlink:label="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amended Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539_label_en-US" xlink:label="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amended Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539_documentation_en-US" xlink:label="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amended senior secured term loan.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_AmendedSeniorSecuredTermLoanMember" xlink:label="loc_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539" xlink:to="lab_ocn_AmendedSeniorSecuredTermLoanMember_32C65A3FE9BDD33C69710BBD4BC46539" xlink:type="arc" />
    <link:label id="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA_terseLabel_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA_label_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA_documentation_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represent repurchase agreement related to loans held for sale.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_RepurchaseAgreementMember" xlink:label="loc_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA" xlink:to="lab_ocn_RepurchaseAgreementMember_EBFBFF0723E39482FE100BBD4BC444BA" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents master repurchase agreement.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MasterRepurchaseAgreementMember" xlink:label="loc_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576" xlink:to="lab_ocn_MasterRepurchaseAgreementMember_AF7CC58136C94D29079D0BBD4BC44576" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950_label_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents participation agreement.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ParticipationAgreementMember" xlink:label="loc_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950" xlink:to="lab_ocn_ParticipationAgreementMember_2BF486202A0324A9E76C0BBD4BC48950" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63_terseLabel_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement [Member]</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63_label_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement [Member]</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63_documentation_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents mortgage warehouse agreement.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MortgageWarehouseAgreementMember" xlink:label="loc_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63" xlink:to="lab_ocn_MortgageWarehouseAgreementMember_A4B59E786255CEDED1D60BBD4BC48F63" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Two [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Two [Member]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_MasterRepurchaseAgreementTwoMember" xlink:label="loc_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE" xlink:to="lab_ocn_MasterRepurchaseAgreementTwoMember_1B86E7426FB943CAB7270BBD4BC4F2CE" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_06C3453BA169D994A6000BBD4BC4FB8A" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_F220E5D112B0BE9E2EF00BBD4BC4FB19_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_F220E5D112B0BE9E2EF00BBD4BC4FB19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">New term loans issuable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_F220E5D112B0BE9E2EF00BBD4BC4FB19" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount_F220E5D112B0BE9E2EF00BBD4BC4FB19" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount_F220E5D112B0BE9E2EF00BBD4BC4FB19" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Periodic prepayment of SSTL</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="loc_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1" xlink:to="lab_us-gaap_DebtInstrumentPeriodicPayment_DE1147F940621B06E9960BBD4BC4E9A1" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of equity interest in foreign subsidiaries pledged as security to secured debt</link:label>
    <link:label id="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598_label_en-US" xlink:label="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Equity Interest In Foreign Subsidiaries Pledged As Security To Secured Debt</link:label>
    <link:label id="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598_documentation_en-US" xlink:label="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of equity interest in foreign subsidiaries pledged as security to secured debt.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt" xlink:label="loc_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_2FFB2B1E9105028BD47E0BBD4BC40598" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_43256DEC716A08E76F540BBD4BC44C28_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_43256DEC716A08E76F540BBD4BC44C28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate at floor</link:label>
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    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_43256DEC716A08E76F540BBD4BC44C28_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_43256DEC716A08E76F540BBD4BC44C28" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the index floor rate used for interest rate on the debt instrument.</link:label>
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    <link:label id="lab_ocn_PercentageOfLoanToCollateralValue_AAD4AF4BAEA1870697FE0BBD4BC4CE12_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanToCollateralValue_AAD4AF4BAEA1870697FE0BBD4BC4CE12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of loan to value</link:label>
    <link:label id="lab_ocn_PercentageOfLoanToCollateralValue_AAD4AF4BAEA1870697FE0BBD4BC4CE12_label_en-US" xlink:label="lab_ocn_PercentageOfLoanToCollateralValue_AAD4AF4BAEA1870697FE0BBD4BC4CE12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Loan To Collateral Value</link:label>
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    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_16C8524E2044AEC29E490BBD4BC4D7D3_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_16C8524E2044AEC29E490BBD4BC4D7D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Beneficial interest</link:label>
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    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_16C8524E2044AEC29E490BBD4BC4D7D3_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_16C8524E2044AEC29E490BBD4BC4D7D3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Agreement Term, Potential Benefit Interest Percentage By Lender</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_ADA48FF8B3055DC9C4660BBD4BC411DE_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_ADA48FF8B3055DC9C4660BBD4BC411DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument stated percentage of interest</link:label>
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    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommitmentBasis_B30762161EB974A2E6C20BBD4BC4309E_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommitmentBasis_B30762161EB974A2E6C20BBD4BC4309E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available on committed basis</link:label>
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommitmentBasis_B30762161EB974A2E6C20BBD4BC4309E_label_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommitmentBasis_B30762161EB974A2E6C20BBD4BC4309E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Maximum Borrowing Available On Commitment Basis</link:label>
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommitmentBasis_B30762161EB974A2E6C20BBD4BC4309E_documentation_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommitmentBasis_B30762161EB974A2E6C20BBD4BC4309E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available on commitment basis.</link:label>
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    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_821FEE0970AAFC55A9F40BBD4BC481E5_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_821FEE0970AAFC55A9F40BBD4BC481E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available at discretion of lender</link:label>
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    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_821FEE0970AAFC55A9F40BBD4BC481E5_documentation_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_821FEE0970AAFC55A9F40BBD4BC481E5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available at discretion of lender.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender" xlink:label="loc_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_821FEE0970AAFC55A9F40BBD4BC481E5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_72117E876D8ECA9EA9724EF9055A4B30_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_6E23F32F9BB25CDA97345CF76BD6CE1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Quarterly Results of Operations (Unaudited)</link:label>
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateScheduleTable_7769D5E48BF9E95153E95BA242772C4B_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateScheduleTable_148AA89B15E352D19C3EB770DE2C61D5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate Schedule [Table]</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateScheduleTable_7769D5E48BF9E95153E95BA242772C4B_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateScheduleTable_148AA89B15E352D19C3EB770DE2C61D5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate Schedule [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageLoansOnRealEstateScheduleTable" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateScheduleTable_148AA89B15E352D19C3EB770DE2C61D5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis_3FFBDF22CDCBB6A495C15BA24277F3EA_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis_6FE1DCE6C17B5A219DCCC800F42E446D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Loan Type [Axis]</link:label>
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateLoanTypeDomain_056C947440B3209588D95BA242773853_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateLoanTypeDomain_F9C0EC5FB4895F33A7EACED7BF04A5DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Loan Type [Domain]</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_7259C7EEFCB4550674694EF902CB1627_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_483F035C8FC05713AF6EF03A4C30A5CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forfeited/Canceled (in dollars per share)</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_721D7F0A101F320782704EF902CB1A4C_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_A6DE7363F1685958BBD1BA9C52B020CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercisable at end of year (in shares)</link:label>
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    <link:label id="lab_ocn_ForwardMortgageLoansMember_3DDA686231922106BE105B406A4D19B1_terseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageLoansMember_57468D4B3FB55CEDA5B3CA20175EA419" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Loans [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageLoansMember_3DDA686231922106BE105B406A4D19B1_label_en-US" xlink:label="lab_ocn_ForwardMortgageLoansMember_57468D4B3FB55CEDA5B3CA20175EA419" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Mortgage Loans [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageLoansMember_3DDA686231922106BE105B406A4D19B1_documentation_en-US" xlink:label="lab_ocn_ForwardMortgageLoansMember_57468D4B3FB55CEDA5B3CA20175EA419" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forward mortgage loans that are originated or purchase from third parties.</link:label>
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    <link:label id="lab_ocn_HomeEquityConversionMortgagesMember_B05CC41B63988E85EA105B406A4DE0EA_terseLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgagesMember_0E9BE0894E49553AA25255A43AE75ECB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HECM [Member]</link:label>
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    <link:label id="lab_ocn_HomeEquityConversionMortgagesMember_B05CC41B63988E85EA105B406A4DE0EA_documentation_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgagesMember_0E9BE0894E49553AA25255A43AE75ECB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents home equity conversion mortgages.</link:label>
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    <link:label id="lab_ocn_AveragePeriodtoSecuritization_9BE314763DEADBA9C4965B406A4D5A92_terseLabel_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_CEDFBD626493564BB37A2D8F6270DA68" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average period to securitization</link:label>
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_9BE314763DEADBA9C4965B406A4D5A92_label_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_CEDFBD626493564BB37A2D8F6270DA68" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average Period to Securitization</link:label>
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_9BE314763DEADBA9C4965B406A4D5A92_documentation_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_CEDFBD626493564BB37A2D8F6270DA68" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time period in which securitization takes place after loan closing or purchase.</link:label>
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    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_25F1900D10CBA30E35B65B406A4D459F_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_1B3F21156D2D5AA2B43B149A25C0CA08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs retained</link:label>
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    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_25F1900D10CBA30E35B65B406A4D459F_documentation_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_1B3F21156D2D5AA2B43B149A25C0CA08" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of mortgage servicing rights (MSRs) retained in connection with transfer of securitized loans accounted for as sales.</link:label>
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    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_483EBF847884751B7CB25B406A4D1EE7_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_2354B18E87C856DBA8D9082B1D4C2DC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of transferred residential loans serviced 60 days or more past due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_483EBF847884751B7CB25B406A4D1EE7_label_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_2354B18E87C856DBA8D9082B1D4C2DC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_483EBF847884751B7CB25B406A4D1EE7_documentation_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_2354B18E87C856DBA8D9082B1D4C2DC7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of loan transferred through securitization 60 days or more past due.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue" xlink:label="loc_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_2354B18E87C856DBA8D9082B1D4C2DC7" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_A94320F44785F0F32C245B406A4D9BB8_terseLabel_en-US" xlink:label="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_872DB92329F556CCB83358ADF2DA25E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days that transferred residential loans serviced were past due</link:label>
    <link:label id="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_A94320F44785F0F32C245B406A4D9BB8_label_en-US" xlink:label="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_872DB92329F556CCB83358ADF2DA25E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Days That Transferred Residential Loans Serviced Were Past Due</link:label>
    <link:label id="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_A94320F44785F0F32C245B406A4D9BB8_documentation_en-US" xlink:label="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_872DB92329F556CCB83358ADF2DA25E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of days that transferred residential loans serviced were past due.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue" xlink:label="loc_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_872DB92329F556CCB83358ADF2DA25E4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_5614065961F3C2C81C8E5B406A4D01CC_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_14BEF41DA79B524B9CF2611F14559281" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Charge-offs, net of recovers, associated with transferred residential loans serviced 60 days or more past due</link:label>
    <link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_5614065961F3C2C81C8E5B406A4D01CC_label_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_14BEF41DA79B524B9CF2611F14559281" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Loan and Lease Losses Write-offs, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_14BEF41DA79B524B9CF2611F14559281" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_14BEF41DA79B524B9CF2611F14559281" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesWriteoffsNet_14BEF41DA79B524B9CF2611F14559281" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_871D125523DC0D5AF5225B406A4D59D7_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_ED86D584DE2F5AC0B1BE9DDD796D2A1E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment - Reverse mortgages</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_ED86D584DE2F5AC0B1BE9DDD796D2A1E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableFairValueDisclosure_ED86D584DE2F5AC0B1BE9DDD796D2A1E" xlink:to="lab_us-gaap_LoansReceivableFairValueDisclosure_ED86D584DE2F5AC0B1BE9DDD796D2A1E" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_8657CECC1B527B4F28355B406A4D3984_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_FCEAA6483FAE572AB457DCBDB81C38EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment - Reverse mortgages, not pledged as collateral</link:label>
    <link:label id="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_8657CECC1B527B4F28355B406A4D3984_label_en-US" xlink:label="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_FCEAA6483FAE572AB457DCBDB81C38EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Of Loans Held For Investment Not Pledged As Collateral</link:label>
    <link:label id="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_8657CECC1B527B4F28355B406A4D3984_documentation_en-US" xlink:label="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_FCEAA6483FAE572AB457DCBDB81C38EF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the fair value of reverse mortgage loans originated but not securitized and not yet pledged as collateral.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral" xlink:label="loc_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_FCEAA6483FAE572AB457DCBDB81C38EF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_FCEAA6483FAE572AB457DCBDB81C38EF" xlink:to="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_FCEAA6483FAE572AB457DCBDB81C38EF" xlink:type="arc" />
    <link:label id="lab_ocn_InterestExpenseTextBlock_1517FFC67729F482CC554EF903E349F8_terseLabel_en-US" xlink:label="lab_ocn_InterestExpenseTextBlock_2541A553C13653F98FCF3F4114FC79C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_ocn_InterestExpenseTextBlock_1517FFC67729F482CC554EF903E349F8_label_en-US" xlink:label="lab_ocn_InterestExpenseTextBlock_2541A553C13653F98FCF3F4114FC79C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense [Text Block]</link:label>
    <link:label id="lab_ocn_InterestExpenseTextBlock_1517FFC67729F482CC554EF903E349F8_documentation_en-US" xlink:label="lab_ocn_InterestExpenseTextBlock_2541A553C13653F98FCF3F4114FC79C8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of the cost of all borrowed funds accounted for as interest expense that was charged against earnings during the period, by category of interest-bearing liabilities.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_InterestExpenseTextBlock" xlink:label="loc_ocn_InterestExpenseTextBlock_2541A553C13653F98FCF3F4114FC79C8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_InterestExpenseTextBlock_2541A553C13653F98FCF3F4114FC79C8" xlink:to="lab_ocn_InterestExpenseTextBlock_2541A553C13653F98FCF3F4114FC79C8" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_7BEC393D5FB9AEAC09B84EF905D774DB_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_E693576A3BBE5268B837336B96A7AC5F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds received from securitizations</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_7BEC393D5FB9AEAC09B84EF905D774DB_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_E693576A3BBE5268B837336B96A7AC5F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Securitizations of Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_E693576A3BBE5268B837336B96A7AC5F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_E693576A3BBE5268B837336B96A7AC5F" xlink:to="lab_us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale_E693576A3BBE5268B837336B96A7AC5F" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_39A9288E6AB0387541A74EF905D7DED8_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_CCF588EA9C5A5398AB5C2B5C7C6C3ED2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing fees collected</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_39A9288E6AB0387541A74EF905D7DED8_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_CCF588EA9C5A5398AB5C2B5C7C6C3ED2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Servicing Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_CCF588EA9C5A5398AB5C2B5C7C6C3ED2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_CCF588EA9C5A5398AB5C2B5C7C6C3ED2" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_CCF588EA9C5A5398AB5C2B5C7C6C3ED2" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_814E8731BDECE60E5F064EF905D7544E_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_7E9F4A0D64F4526291094CAA098591D6" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Purchases of previously transferred assets, net of claims reimbursed</link:label>
    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_814E8731BDECE60E5F064EF905D7544E_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_7E9F4A0D64F4526291094CAA098591D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferor and Transferee, Purchases of Previously Transferred Financial Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_7E9F4A0D64F4526291094CAA098591D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_7E9F4A0D64F4526291094CAA098591D6" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_7E9F4A0D64F4526291094CAA098591D6" xlink:type="arc" />
    <link:label id="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_2160502F91EE3A9331504EF905D71A27_totalLabel_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_E8F7D706AA1E58689BE2B5692FD30E84" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flows between transferor and transferee proceeds and payment related to transfers accounted for sales</link:label>
    <link:label id="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_2160502F91EE3A9331504EF905D71A27_label_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_E8F7D706AA1E58689BE2B5692FD30E84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferor And Transferee Proceeds And Payment Related To Transfers Accounted For Sales</link:label>
    <link:label id="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_2160502F91EE3A9331504EF905D71A27_documentation_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_E8F7D706AA1E58689BE2B5692FD30E84" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash flows between transferor and transferee proceeds and payment related to transfers accounted for sales.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales" xlink:label="loc_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_E8F7D706AA1E58689BE2B5692FD30E84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_E8F7D706AA1E58689BE2B5692FD30E84" xlink:to="lab_ocn_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales_E8F7D706AA1E58689BE2B5692FD30E84" xlink:type="arc" />
    <link:label id="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_B637C9FF1ACCD45DE9185C50BAC88D7F_terseLabel_en-US" xlink:label="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_6610F2D81D0B5A5C9C5248DE3E1CF59C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]</link:label>
    <link:label id="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_B637C9FF1ACCD45DE9185C50BAC88D7F_label_en-US" xlink:label="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_6610F2D81D0B5A5C9C5248DE3E1CF59C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Servicer Advance Receivables Trust [Member]</link:label>
    <link:label id="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_B637C9FF1ACCD45DE9185C50BAC88D7F_documentation_en-US" xlink:label="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_6610F2D81D0B5A5C9C5248DE3E1CF59C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen servicer advance receivables trust.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OcwenServicerAdvanceReceivablesTrustMember" xlink:label="loc_ocn_OcwenServicerAdvanceReceivablesTrustMember_6610F2D81D0B5A5C9C5248DE3E1CF59C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OcwenServicerAdvanceReceivablesTrustMember_6610F2D81D0B5A5C9C5248DE3E1CF59C" xlink:to="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_6610F2D81D0B5A5C9C5248DE3E1CF59C" xlink:type="arc" />
    <link:label id="lab_ocn_OcwenFreddieAdvanceFundingMember_C823924F208E108BE1995C50BAC8639F_terseLabel_en-US" xlink:label="lab_ocn_OcwenFreddieAdvanceFundingMember_3D79F793ACD153A287C52D9A6B336F80" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Ocwen Freddie Advance Funding (OFAF) [Member]</link:label>
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfBorrower_0D62FCE6D717BB3C56155BA243357D68_documentation_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfBorrower_864CCB9BF3215D94A49162824C97F5EF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total advance payments made by financial institutions on behalf of borrowers in a servicing relationship.</link:label>
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    <link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_7244EE2ADB9E9749B6215BA24335CCAA_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_8B5257D9ACA15C3BBB0A72B8B7E460DB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for losses</link:label>
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance_0703B456CA63C3474F095BA24335FC00_terseLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance_22F834B46EC95C128003A64D4425B738" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances, net</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance" xlink:label="loc_ocn_AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance_22F834B46EC95C128003A64D4425B738" xlink:type="locator" />
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    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_3B545810CE9AB8EA8EB4610C5EAC8716_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_BED5D5300A9650E6AF2430F3D677F10B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale At Fair Value [Abstract]</link:label>
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    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_46DC6F712876D5AC7E7D610C5EAD4F3E_documentation_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_F4263368E9A35E59905722CDA4D27395" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain On Sale Of Loans Including Value Assigned To MSRs Retained</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained" xlink:label="loc_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_F4263368E9A35E59905722CDA4D27395" xlink:type="locator" />
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    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_D080EB20EE13C972078C610C5EAD3615_terseLabel_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_0A17E48C9EC15A26A99AB50499B84ADF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of IRLCs</link:label>
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    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_D080EB20EE13C972078C610C5EAD3615_documentation_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_0A17E48C9EC15A26A99AB50499B84ADF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the net increase or decrease in the fair value of the interest rate derivative or group of derivatives.</link:label>
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    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_37A74392D20CCA7E1F83610C5EADF238_terseLabel_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_01038A2E445D59B4AFDC72D77ABE0D80" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of loans held for sale</link:label>
    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_37A74392D20CCA7E1F83610C5EADF238_label_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_01038A2E445D59B4AFDC72D77ABE0D80" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Fair Value Of Mortgage Loans Held For Sale</link:label>
    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_37A74392D20CCA7E1F83610C5EADF238_documentation_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_01038A2E445D59B4AFDC72D77ABE0D80" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period in the fair value of mortgage loans that are held with the intention to sell or be securitized in the near future.</link:label>
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    <link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_6C0689080545375EC4C7610C5EAD1FC8_terseLabel_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_F504CDF86A845FAC98EAA6331B5231E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss on economic hedge instruments</link:label>
    <link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_6C0689080545375EC4C7610C5EAD1FC8_label_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_F504CDF86A845FAC98EAA6331B5231E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized Gain (Loss) on Derivatives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_F504CDF86A845FAC98EAA6331B5231E3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrealizedGainLossOnDerivatives_F504CDF86A845FAC98EAA6331B5231E3" xlink:to="lab_us-gaap_UnrealizedGainLossOnDerivatives_F504CDF86A845FAC98EAA6331B5231E3" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_024D234A746B02300E63610C5EAD7C2B_terseLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_A65214661C5B5F49B35BA234F11117B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_024D234A746B02300E63610C5EAD7C2B_label_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_A65214661C5B5F49B35BA234F11117B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) on Sales of Other Real Estate</link:label>
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    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_856574BE15B00084E709610C5EAD5884_totalLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_E4B931F727F35A30BE6DAEC1A2AA5505" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gain on loans held for sale, net</link:label>
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    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_BD1B296FCE7AC382EA015CF81F65B628_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_74674D94C4295D37AB2231090824E933" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
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    <link:label id="lab_us-gaap_StatementTable_3E892B3D34333969BBBF5CF81F65FC5B_label_en-US" xlink:label="lab_us-gaap_StatementTable_E254DB75A87C53D2BB7A219B640922F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_E254DB75A87C53D2BB7A219B640922F3" xlink:type="locator" />
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    <link:label id="lab_ocn_ResCapMember_BC58FC906B87FE8B0F5D5CF81F655BA3_documentation_en-US" xlink:label="lab_ocn_ResCapMember_2C6827203100530AA24C257C7FF8A56A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">ResCap [Member]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ResCapMember" xlink:label="loc_ocn_ResCapMember_2C6827203100530AA24C257C7FF8A56A" xlink:type="locator" />
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    <link:label id="lab_ocn_OcwenStructuredInvestmentsLLCOSIMember_CEC3B9444E36747C7D365CF81F65ABC7_terseLabel_en-US" xlink:label="lab_ocn_OcwenStructuredInvestmentsLLCOSIMember_58A7412E9CE15CA9A592A89AAB9A744E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Structured Investments, LLC (OSI) [Member]</link:label>
    <link:label id="lab_ocn_OcwenStructuredInvestmentsLLCOSIMember_CEC3B9444E36747C7D365CF81F65ABC7_label_en-US" xlink:label="lab_ocn_OcwenStructuredInvestmentsLLCOSIMember_58A7412E9CE15CA9A592A89AAB9A744E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Structured Investments, LLC (OSI) [Member]</link:label>
    <link:label id="lab_ocn_OcwenStructuredInvestmentsLLCOSIMember_CEC3B9444E36747C7D365CF81F65ABC7_documentation_en-US" xlink:label="lab_ocn_OcwenStructuredInvestmentsLLCOSIMember_58A7412E9CE15CA9A592A89AAB9A744E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen Structured Investments, LLC (OSI) [Member]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OcwenStructuredInvestmentsLLCOSIMember" xlink:label="loc_ocn_OcwenStructuredInvestmentsLLCOSIMember_58A7412E9CE15CA9A592A89AAB9A744E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementLineItems_84A5BADDF10639023F885CF81F65F0FA_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems_4045511DB4C559289E7190C790A0BA5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities_E71DB6E8F461E69B875D5CF81F654A00_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities_43765016B29151CD90C6F5110C98BF8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Financial Instruments Used in Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities_43765016B29151CD90C6F5110C98BF8D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities_43765016B29151CD90C6F5110C98BF8D" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities_43765016B29151CD90C6F5110C98BF8D" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_28C1124008687384A5B15CF81F65D9E8_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_9BC37C77BA3B511F88941B08B41DDEED" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on loans held for sale, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_28C1124008687384A5B15CF81F65D9E8_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_9BC37C77BA3B511F88941B08B41DDEED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Mortgage Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale" xlink:label="loc_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_9BC37C77BA3B511F88941B08B41DDEED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_9BC37C77BA3B511F88941B08B41DDEED" xlink:to="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_9BC37C77BA3B511F88941B08B41DDEED" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_1EF56A11CEF03B2CD6705CF81F65C221_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_87595538CBF05580AAA352640A3EE36D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination and purchase of loans held for sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_87595538CBF05580AAA352640A3EE36D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_87595538CBF05580AAA352640A3EE36D" xlink:to="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_87595538CBF05580AAA352640A3EE36D" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_9C9FC8903E77590825015CF81F65FD41_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_5BA083F6C5575435ABC01DBF00C3D807" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale and collections of loans held for sale</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_9C9FC8903E77590825015CF81F65FD41_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_5BA083F6C5575435ABC01DBF00C3D807" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale and Collection of Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale" xlink:label="loc_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_5BA083F6C5575435ABC01DBF00C3D807" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_5BA083F6C5575435ABC01DBF00C3D807" xlink:to="lab_us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale_5BA083F6C5575435ABC01DBF00C3D807" xlink:type="arc" />
    <link:label id="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_26B88A7BEA015DF17E6E5CF81F6501A0_terseLabel_en-US" xlink:label="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_3D3A2E7FE0E95FEC94AE8057DBF17601" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities:</link:label>
    <link:label id="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_26B88A7BEA015DF17E6E5CF81F6501A0_label_en-US" xlink:label="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_3D3A2E7FE0E95FEC94AE8057DBF17601" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities: [Abstract]</link:label>
    <link:label id="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_26B88A7BEA015DF17E6E5CF81F6501A0_documentation_en-US" xlink:label="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_3D3A2E7FE0E95FEC94AE8057DBF17601" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ChangesInAssetsAndLiabilitiesAbstract" xlink:label="loc_ocn_ChangesInAssetsAndLiabilitiesAbstract_3D3A2E7FE0E95FEC94AE8057DBF17601" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChangesInAssetsAndLiabilitiesAbstract_3D3A2E7FE0E95FEC94AE8057DBF17601" xlink:to="lab_ocn_ChangesInAssetsAndLiabilitiesAbstract_3D3A2E7FE0E95FEC94AE8057DBF17601" xlink:type="arc" />
    <link:label id="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_F804AD5422B9C0CE99F95CF81F652193_negatedTerseLabel_en-US" xlink:label="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_D4F8635B51B850CEA20D7946E915FEA2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in advances and match funded advances</link:label>
    <link:label id="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_F804AD5422B9C0CE99F95CF81F652193_label_en-US" xlink:label="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_D4F8635B51B850CEA20D7946E915FEA2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Advances and Transfers Accounted For As Secured Borrowings Advances</link:label>
    <link:label id="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_F804AD5422B9C0CE99F95CF81F652193_documentation_en-US" xlink:label="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_D4F8635B51B850CEA20D7946E915FEA2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net change during the reporting period in the carrying amount of non-interest-bearing advances on loans serviced for others and advances transferred to special purpose entities in transactions accounted for as secured borrowings.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances" xlink:label="loc_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_D4F8635B51B850CEA20D7946E915FEA2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_D4F8635B51B850CEA20D7946E915FEA2" xlink:to="lab_ocn_IncreaseDecreaseInAdvancesAndTransfersAccountedForAsSecuredBorrowingsAdvances_D4F8635B51B850CEA20D7946E915FEA2" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_38DCAD2040E8164678065CF81F657DFA_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_3053DCBCEC6B5F93B5414E124C1A483B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in receivables and other assets, net</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_38DCAD2040E8164678065CF81F657DFA_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_3053DCBCEC6B5F93B5414E124C1A483B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Accounts Receivable and Other Operating Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_3053DCBCEC6B5F93B5414E124C1A483B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_3053DCBCEC6B5F93B5414E124C1A483B" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_3053DCBCEC6B5F93B5414E124C1A483B" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_0B83A0CAA0B3CB02EC435CF81F650123_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_20EFBC2CD8B45960855E949E8B2F4E93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease in other liabilities</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_0B83A0CAA0B3CB02EC435CF81F650123_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_20EFBC2CD8B45960855E949E8B2F4E93" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_20EFBC2CD8B45960855E949E8B2F4E93" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_20EFBC2CD8B45960855E949E8B2F4E93" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_20EFBC2CD8B45960855E949E8B2F4E93" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_2103497A8403DEC0454E5CF81F65A59D_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_AC1D7AC399085914BE9A9D49455B291D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_2103497A8403DEC0454E5CF81F65A59D_label_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_AC1D7AC399085914BE9A9D49455B291D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Activities, Cash Flow Statement</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_AC1D7AC399085914BE9A9D49455B291D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_AC1D7AC399085914BE9A9D49455B291D" xlink:to="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_AC1D7AC399085914BE9A9D49455B291D" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_84A205FB3508485A4AE15CF81F650C59_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_D036A4DAD60855A2B0A4D99E8E9A905F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_84A205FB3508485A4AE15CF81F650C59_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_D036A4DAD60855A2B0A4D99E8E9A905F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_D036A4DAD60855A2B0A4D99E8E9A905F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_D036A4DAD60855A2B0A4D99E8E9A905F" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_D036A4DAD60855A2B0A4D99E8E9A905F" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_1282F583111DE32F8B005CF81F6596B7_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D3B0C04686305CFE8C24CD494891E36B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_1282F583111DE32F8B005CF81F6596B7_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D3B0C04686305CFE8C24CD494891E36B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D3B0C04686305CFE8C24CD494891E36B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D3B0C04686305CFE8C24CD494891E36B" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_D3B0C04686305CFE8C24CD494891E36B" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_6EDF485A5FAA8154942F5CF81F65E631_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_5B339CA9B2A35A319D3FA0464486337A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination of loans held for investment - reverse mortgages</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_6EDF485A5FAA8154942F5CF81F65E631_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_5B339CA9B2A35A319D3FA0464486337A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Loans Held-for-investment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireLoansHeldForInvestment" xlink:label="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_5B339CA9B2A35A319D3FA0464486337A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_5B339CA9B2A35A319D3FA0464486337A" xlink:to="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_5B339CA9B2A35A319D3FA0464486337A" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_DE6FCC9224F416E78FC45CF81F6531D6_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_5863C3A9A57D5B53ABB9EE6788508465" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal payments received on loans held for investment - reverse mortgages</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_5863C3A9A57D5B53ABB9EE6788508465" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_A05B4B531D8AEE92EE395CF81F65AD3A_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_001CDD1BE3EE5B74A9B83B4BA1644FB8" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of mortgage servicing rights</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_F7B76D9B01386AEC64155CF81F65D150_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_2078555A39975DE5AB242D3222D1EBF7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of mortgage servicing rights</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_F7B76D9B01386AEC64155CF81F65D150_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_2078555A39975DE5AB242D3222D1EBF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Mortgage Servicing Rights (MSR)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_2078555A39975DE5AB242D3222D1EBF7" xlink:type="locator" />
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    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_03377635A8A3471CA5DE5CF81F65BD09_negatedLabel_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_7603DDEBD4945C178FF3C2CCD077EBBF" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Acquisition of advances in connection with the purchase of mortgage servicing rights</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_03377635A8A3471CA5DE5CF81F65BD09_label_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_7603DDEBD4945C178FF3C2CCD077EBBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments To Acquire Advances In Connection With Purchase Of Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_03377635A8A3471CA5DE5CF81F65BD09_documentation_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_7603DDEBD4945C178FF3C2CCD077EBBF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow to obtain non-interest bearing advances made on loans serviced for others and other related assets.</link:label>
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    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_94424C03A366817FFB7C5CF81F6550AD_negatedTerseLabel_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_89B1CE1EDE9D5D9D92AB12389D6EFD29" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of advances in connection with the purchase of loans</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_94424C03A366817FFB7C5CF81F6550AD_label_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_89B1CE1EDE9D5D9D92AB12389D6EFD29" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments To Acquire Advances In Connection With Purchase Of Loans</link:label>
    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_94424C03A366817FFB7C5CF81F6550AD_documentation_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_89B1CE1EDE9D5D9D92AB12389D6EFD29" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments To Acquire Advances In Connection With Purchase Of Loans</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans" xlink:label="loc_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfLoans_89B1CE1EDE9D5D9D92AB12389D6EFD29" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_823F38D73736421156C45CF81F650910_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_226B5EC00EF55F7CA259807D8D63A417" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances and match funded advances</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_823F38D73736421156C45CF81F650910_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_226B5EC00EF55F7CA259807D8D63A417" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Short-term Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfShortTermInvestments" xlink:label="loc_us-gaap_ProceedsFromSaleOfShortTermInvestments_226B5EC00EF55F7CA259807D8D63A417" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireNotesReceivable_C039F1CF4C0978F8C6995CF81F6586ED_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireNotesReceivable_E1C8E877E9EA52FF984635B402750479" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Issuance of automotive dealer financing notes</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireNotesReceivable_C039F1CF4C0978F8C6995CF81F6586ED_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireNotesReceivable_E1C8E877E9EA52FF984635B402750479" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Notes Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="loc_us-gaap_PaymentsToAcquireNotesReceivable_E1C8E877E9EA52FF984635B402750479" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_C30AF256128D6FD85A375CF81F65024D_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_5009F7E53F1A5AD4B8DBB39D2F4E5374" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collections of automotive dealer financing notes</link:label>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_C30AF256128D6FD85A375CF81F65024D_label_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_5009F7E53F1A5AD4B8DBB39D2F4E5374" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Collection of Notes Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:label="loc_us-gaap_ProceedsFromCollectionOfNotesReceivable_5009F7E53F1A5AD4B8DBB39D2F4E5374" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromCollectionOfNotesReceivable_5009F7E53F1A5AD4B8DBB39D2F4E5374" xlink:to="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_5009F7E53F1A5AD4B8DBB39D2F4E5374" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F34B60BF5A5EF0272CDB5CF81F651771_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_A777128858B951978EFAE1B5DA55EE4A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions to premises and equipment</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_F34B60BF5A5EF0272CDB5CF81F651771_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_A777128858B951978EFAE1B5DA55EE4A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_A777128858B951978EFAE1B5DA55EE4A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E899DB1DCCD820A659E5CF81F655FE7_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_42AEA146808358A3BADF208FC6E4E874" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payments to acquire business</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_4E899DB1DCCD820A659E5CF81F655FE7_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_42AEA146808358A3BADF208FC6E4E874" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_42AEA146808358A3BADF208FC6E4E874" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_42AEA146808358A3BADF208FC6E4E874" xlink:to="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_42AEA146808358A3BADF208FC6E4E874" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromContributionsFromAffiliates_B0CA711F8BED47E76A675CF81F65BF9F_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromContributionsFromAffiliates_9786366B17B75573BA0D1260A0C278B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Distribution of capital from unconsolidated entities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromContributionsFromAffiliates" xlink:label="loc_us-gaap_ProceedsFromContributionsFromAffiliates_9786366B17B75573BA0D1260A0C278B8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_7C3D9A5C8D1550111B2A5CF81F65EC75_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_D7ACA5D7714950F88042A06A2F4C05EB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_7C3D9A5C8D1550111B2A5CF81F65EC75_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_D7ACA5D7714950F88042A06A2F4C05EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_D7ACA5D7714950F88042A06A2F4C05EB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_194858CD75EDAB02EA7D5CF81F652FD1_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11877E2895D55A9FA4DBC8D0516C6FF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_194858CD75EDAB02EA7D5CF81F652FD1_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11877E2895D55A9FA4DBC8D0516C6FF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_11877E2895D55A9FA4DBC8D0516C6FF5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_11877E2895D55A9FA4DBC8D0516C6FF5" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11877E2895D55A9FA4DBC8D0516C6FF5" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_6274C524A24CF3BC40D45CF81F65598D_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_C6CECC5E87B65C93AF00C1E4D91E4E14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities</link:label>
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    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_1603C6734551F07BA4745CF81F65BC77_negatedLabel_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_CB92890F0C2750C881F5617A0CA9EF05" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of match funded liabilities, net</link:label>
    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_1603C6734551F07BA4745CF81F65BC77_label_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_CB92890F0C2750C881F5617A0CA9EF05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities</link:label>
    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_1603C6734551F07BA4745CF81F65BC77_documentation_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_CB92890F0C2750C881F5617A0CA9EF05" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net cash inflow (outflow) from debt issuances and repayments associated with advances transferred to special purpose entities in transactions accounted for as secured borrowings.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities" xlink:label="loc_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_CB92890F0C2750C881F5617A0CA9EF05" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_D9C3A8AF3BAFDBFAB7955CF81F659C49_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_CDB5D2476BED52EEACEAD2E4FBD22755" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from mortgage loan warehouse facilities and other secured borrowings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_D9C3A8AF3BAFDBFAB7955CF81F659C49_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_CDB5D2476BED52EEACEAD2E4FBD22755" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Lines of Credit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_CDB5D2476BED52EEACEAD2E4FBD22755" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromLinesOfCredit_CDB5D2476BED52EEACEAD2E4FBD22755" xlink:to="lab_us-gaap_ProceedsFromLinesOfCredit_CDB5D2476BED52EEACEAD2E4FBD22755" xlink:type="arc" />
    <link:label id="lab_us-gaap_RepaymentsOfLinesOfCredit_52C5B147507BBCBE15C25CF81F650DF8_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfLinesOfCredit_A23F92F0D6C153C0A8D5DF91224F9BC6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayments of mortgage loan warehouse facilities and other secured borrowings</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfLinesOfCredit_52C5B147507BBCBE15C25CF81F650DF8_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfLinesOfCredit_A23F92F0D6C153C0A8D5DF91224F9BC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Lines of Credit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_A23F92F0D6C153C0A8D5DF91224F9BC6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfLinesOfCredit_A23F92F0D6C153C0A8D5DF91224F9BC6" xlink:to="lab_us-gaap_RepaymentsOfLinesOfCredit_A23F92F0D6C153C0A8D5DF91224F9BC6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_85EB12E9BD077083C8885CF81F652BBE_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_BE0A937D75895BC0B20A2B2D2B92CA06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of senior notes</link:label>
    <link:label id="lab_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_85EB12E9BD077083C8885CF81F652BBE_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_BE0A937D75895BC0B20A2B2D2B92CA06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Issuance of Unsecured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfUnsecuredDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_BE0A937D75895BC0B20A2B2D2B92CA06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_BE0A937D75895BC0B20A2B2D2B92CA06" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfUnsecuredDebt_BE0A937D75895BC0B20A2B2D2B92CA06" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_C214CC4864BBC2483E795CF81F659F57_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_5728ED4E010059E3BCA8BBF377854041" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment of debt issuance costs</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_C214CC4864BBC2483E795CF81F659F57_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_5728ED4E010059E3BCA8BBF377854041" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Debt Issuance Costs</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfDebtIssuanceCosts_5728ED4E010059E3BCA8BBF377854041" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDebtIssuanceCosts_5728ED4E010059E3BCA8BBF377854041" xlink:to="lab_us-gaap_PaymentsOfDebtIssuanceCosts_5728ED4E010059E3BCA8BBF377854041" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_28FE8CE50EBF131137D05CF81F65E5D7_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_8CB93E15A7135E48923384EF50A4AA74" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of mortgage servicing rights accounted for as a financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_28FE8CE50EBF131137D05CF81F65E5D7_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_8CB93E15A7135E48923384EF50A4AA74" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_28FE8CE50EBF131137D05CF81F65E5D7_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_8CB93E15A7135E48923384EF50A4AA74" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing" xlink:label="loc_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_8CB93E15A7135E48923384EF50A4AA74" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_8CB93E15A7135E48923384EF50A4AA74" xlink:to="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_8CB93E15A7135E48923384EF50A4AA74" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_3E4FB3C58889E04B674C5CF81F65A63A_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_47085589EA85543AA96405A3D7625A7B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of reverse mortgages (HECM loans) accounted for as a financing (HMBS-related borrowings)</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_3E4FB3C58889E04B674C5CF81F65A63A_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_47085589EA85543AA96405A3D7625A7B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Loans Accounted For As Financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_3E4FB3C58889E04B674C5CF81F65A63A_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_47085589EA85543AA96405A3D7625A7B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Loans Accounted For As Financing</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing" xlink:label="loc_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_47085589EA85543AA96405A3D7625A7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_47085589EA85543AA96405A3D7625A7B" xlink:to="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_47085589EA85543AA96405A3D7625A7B" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_29634D3C5F329589A91F5CF81F654332_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_87EC2D2CC10A5B028315A782B7FAA31F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances accounted for as a financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_29634D3C5F329589A91F5CF81F654332_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_87EC2D2CC10A5B028315A782B7FAA31F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale of Advances</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_29634D3C5F329589A91F5CF81F654332_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_87EC2D2CC10A5B028315A782B7FAA31F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances in connection with sale of rights to MSRs.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ProceedsFromSaleofAdvances" xlink:label="loc_ocn_ProceedsFromSaleofAdvances_87EC2D2CC10A5B028315A782B7FAA31F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleofAdvances_87EC2D2CC10A5B028315A782B7FAA31F" xlink:to="lab_ocn_ProceedsFromSaleofAdvances_87EC2D2CC10A5B028315A782B7FAA31F" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_2ACE0FD3B098307AE4E85CF81F651971_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_B376D144B0B0578CB20C83C964DB55DC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common stock</link:label>
    <link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_2ACE0FD3B098307AE4E85CF81F651971_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_B376D144B0B0578CB20C83C964DB55DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Repurchase of Common Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_B376D144B0B0578CB20C83C964DB55DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_B376D144B0B0578CB20C83C964DB55DC" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_B376D144B0B0578CB20C83C964DB55DC" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_819AC870BA82C214A23D5CF81F6554CE_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_9DEAB4857393565688ABF98770835E5D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Payment of preferred stock dividends</link:label>
    <link:label id="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_819AC870BA82C214A23D5CF81F6554CE_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_9DEAB4857393565688ABF98770835E5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of Ordinary Dividends, Preferred Stock and Preference Stock</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="loc_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_9DEAB4857393565688ABF98770835E5D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_B769C6B3FAC278445A6F5CF81F655B22_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_BC1AA2D388B35B66A1A9841F03F7633F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_B769C6B3FAC278445A6F5CF81F655B22_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_BC1AA2D388B35B66A1A9841F03F7633F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from (Payments for) Other Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_BC1AA2D388B35B66A1A9841F03F7633F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_BC1AA2D388B35B66A1A9841F03F7633F" xlink:to="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_BC1AA2D388B35B66A1A9841F03F7633F" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_0A3DA6B33798A9743C285CF81F659907_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_C54463B4D89F55DF897533E021D0F9A9" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by (used in) financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_0A3DA6B33798A9743C285CF81F659907_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_C54463B4D89F55DF897533E021D0F9A9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_C54463B4D89F55DF897533E021D0F9A9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_C54463B4D89F55DF897533E021D0F9A9" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_C54463B4D89F55DF897533E021D0F9A9" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashPeriodIncreaseDecrease_0B4063C565CE15BCEDB45CF81F654859_totalLabel_en-US" xlink:label="lab_us-gaap_CashPeriodIncreaseDecrease_851F84F26DD656249D3FAED8A10464C6" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase (decrease) in cash</link:label>
    <link:label id="lab_us-gaap_CashPeriodIncreaseDecrease_0B4063C565CE15BCEDB45CF81F654859_label_en-US" xlink:label="lab_us-gaap_CashPeriodIncreaseDecrease_851F84F26DD656249D3FAED8A10464C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Period Increase (Decrease)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashPeriodIncreaseDecrease_851F84F26DD656249D3FAED8A10464C6" xlink:type="locator" />
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    <link:label id="lab_ocn_ClassB1Series2015VariableFundingNotesMember_0655D4D824AD376C85975C50646A495B_documentation_en-US" xlink:label="lab_ocn_ClassB1Series2015VariableFundingNotesMember_561967496D975A978B30AB7A052AD1BA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class B1 series 2015 variable funding notes.</link:label>
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    <link:label id="lab_ocn_ClassD1Series2015VariableFundingNotesMember_ADC5238467E28F5834415C50646AD057_label_en-US" xlink:label="lab_ocn_ClassD1Series2015VariableFundingNotesMember_3EB6166B2E11504880D1F8C9195E7D35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class D1 Series 2015 Variable Funding Notes [Member]</link:label>
    <link:label id="lab_ocn_ClassD1Series2015VariableFundingNotesMember_ADC5238467E28F5834415C50646AD057_documentation_en-US" xlink:label="lab_ocn_ClassD1Series2015VariableFundingNotesMember_3EB6166B2E11504880D1F8C9195E7D35" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class D1 series 2015 variable funding notes.</link:label>
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    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_4228FD4300D22E8AA4555C50646A6B04_terseLabel_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_DDEE1762878453FBA0AC774858545828" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Master Advance Receivables Trust (OMART) [Member]</link:label>
    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_4228FD4300D22E8AA4555C50646A6B04_label_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_DDEE1762878453FBA0AC774858545828" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Master Advance Receivables Trust [Member]</link:label>
    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_4228FD4300D22E8AA4555C50646A6B04_documentation_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_DDEE1762878453FBA0AC774858545828" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen master advance receivables trust.</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_F75BEB11496F36745D4F5C50646A29D4_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_6F3D29A3F9055900BE5BAC84DD55606D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate</link:label>
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    <link:label id="lab_ocn_DebtInstrumentAmortizationDate_37A80360144BFF40E36C5C50646A8B9F_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentAmortizationDate_2D1B4518D403536492CBF837901F2C9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization Date</link:label>
    <link:label id="lab_ocn_DebtInstrumentAmortizationDate_37A80360144BFF40E36C5C50646A8B9F_label_en-US" xlink:label="lab_ocn_DebtInstrumentAmortizationDate_2D1B4518D403536492CBF837901F2C9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Amortization Date</link:label>
    <link:label id="lab_ocn_DebtInstrumentAmortizationDate_37A80360144BFF40E36C5C50646A8B9F_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentAmortizationDate_2D1B4518D403536492CBF837901F2C9B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Date when the debt instrument revolving period ends under advance facility note and repayment of the outstanding balance must begin if the note is not renewed or extended presented as month and year.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DebtInstrumentAmortizationDate" xlink:label="loc_ocn_DebtInstrumentAmortizationDate_2D1B4518D403536492CBF837901F2C9B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_3510FD227CA52F9EAF1A5C5064749735_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B31178741970529192366CF3EA4E4EF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average interest rate</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_3510FD227CA52F9EAF1A5C5064749735_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_B31178741970529192366CF3EA4E4EF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
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    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_B9A65C33ACD7DCB4E6A85150035390CF_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_19D43795A7725CC687A3D5EB41B01561" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government-insured loan claims</link:label>
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    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_B9A65C33ACD7DCB4E6A85150035390CF_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_19D43795A7725CC687A3D5EB41B01561" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Government-Insured Loan Claims</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ServicingReceivableGovernmentInsuredLoanClaims" xlink:label="loc_ocn_ServicingReceivableGovernmentInsuredLoanClaims_19D43795A7725CC687A3D5EB41B01561" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_C157739DDC1F298EDB25515003536711_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_269BB5AD0BAA5DD1B030FB01E8D01859" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from custodial accounts</link:label>
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    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_C157739DDC1F298EDB25515003536711_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_269BB5AD0BAA5DD1B030FB01E8D01859" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Due From Custodial Accounts</link:label>
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    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_41812FC3B005A170E6CD51500353E11C_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_C52034BCDFA05B49BE23D95930037396" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reimbursable expenses</link:label>
    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_41812FC3B005A170E6CD51500353E11C_label_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_C52034BCDFA05B49BE23D95930037396" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Reimbursable Expenses</link:label>
    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_41812FC3B005A170E6CD51500353E11C_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_C52034BCDFA05B49BE23D95930037396" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Reimbursable Expenses</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ServicingReceivableReimbursableExpenses" xlink:label="loc_ocn_ServicingReceivableReimbursableExpenses_C52034BCDFA05B49BE23D95930037396" xlink:type="locator" />
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    <link:label id="lab_ocn_AmountDueOnSalesOfMortgageServicingRightsAndAdvances_3DCB78076773BCDF41265150035395BA_terseLabel_en-US" xlink:label="lab_ocn_AmountDueOnSalesOfMortgageServicingRightsAndAdvances_3BA285C5146A55E9939B8A8EFC965E48" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount due on sales of mortgage servicing rights and advances</link:label>
    <link:label id="lab_ocn_AmountDueOnSalesOfMortgageServicingRightsAndAdvances_3DCB78076773BCDF41265150035395BA_label_en-US" xlink:label="lab_ocn_AmountDueOnSalesOfMortgageServicingRightsAndAdvances_3BA285C5146A55E9939B8A8EFC965E48" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Due On Sales Of Mortgage Servicing Rights And Advances</link:label>
    <link:label id="lab_ocn_AmountDueOnSalesOfMortgageServicingRightsAndAdvances_3DCB78076773BCDF41265150035395BA_documentation_en-US" xlink:label="lab_ocn_AmountDueOnSalesOfMortgageServicingRightsAndAdvances_3BA285C5146A55E9939B8A8EFC965E48" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount due from purchaser of mortgage servicing rights and advances in an asset sale agreement.</link:label>
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    <link:label id="lab_ocn_ServicingReceivableOther_968D6D9B38067849F1C0515003536B31_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableOther_12CB78BA229254A29E2D39228B970C37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_ServicingReceivableOther_968D6D9B38067849F1C0515003536B31_label_en-US" xlink:label="lab_ocn_ServicingReceivableOther_12CB78BA229254A29E2D39228B970C37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Other</link:label>
    <link:label id="lab_ocn_ServicingReceivableOther_968D6D9B38067849F1C0515003536B31_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableOther_12CB78BA229254A29E2D39228B970C37" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Other</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ServicingReceivableOther" xlink:label="loc_ocn_ServicingReceivableOther_12CB78BA229254A29E2D39228B970C37" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableNet_3494A4E12E473AED033F5150035347DE_totalLabel_en-US" xlink:label="lab_ocn_ServicingReceivableNet_F334CD6D744258B194A063364F9E7B30" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
    <link:label id="lab_ocn_ServicingReceivableNet_3494A4E12E473AED033F5150035347DE_label_en-US" xlink:label="lab_ocn_ServicingReceivableNet_F334CD6D744258B194A063364F9E7B30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable Net</link:label>
    <link:label id="lab_ocn_ServicingReceivableNet_3494A4E12E473AED033F5150035347DE_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableNet_F334CD6D744258B194A063364F9E7B30" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amounts due to the servicing business and primarily include reimbursable expenditures due from investors and amounts to be recovered from the custodial accounts of the trustees.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableNet_F334CD6D744258B194A063364F9E7B30" xlink:to="lab_ocn_ServicingReceivableNet_F334CD6D744258B194A063364F9E7B30" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxReceivable_C9ABE2F57B2CF7959149515003537278_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_9A1BCA3B28B65760BCD9283795367B30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes receivable</link:label>
    <link:label id="lab_us-gaap_IncomeTaxReceivable_C9ABE2F57B2CF7959149515003537278_label_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_9A1BCA3B28B65760BCD9283795367B30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Receivable</link:label>
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    <link:label id="lab_ocn_OtherReceivablesNet_54DF540C3B84DD09EC8F51500353D53A_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesNet_4791C26149B45E9890C674341959FC9D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_ocn_OtherReceivablesNet_54DF540C3B84DD09EC8F51500353D53A_label_en-US" xlink:label="lab_ocn_OtherReceivablesNet_4791C26149B45E9890C674341959FC9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables Net</link:label>
    <link:label id="lab_ocn_OtherReceivablesNet_54DF540C3B84DD09EC8F51500353D53A_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesNet_4791C26149B45E9890C674341959FC9D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying amount of other receivables, net, due from third parties or arising from transactions not separately disclosed.</link:label>
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    <link:label id="lab_ocn_OtherReceivablesGross_72A83B7EF732365002F5515003532530_totalLabel_en-US" xlink:label="lab_ocn_OtherReceivablesGross_41005C3BDB5953039C1B3812DCF86255" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other receivables, gross</link:label>
    <link:label id="lab_ocn_OtherReceivablesGross_72A83B7EF732365002F5515003532530_label_en-US" xlink:label="lab_ocn_OtherReceivablesGross_41005C3BDB5953039C1B3812DCF86255" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables, Gross</link:label>
    <link:label id="lab_ocn_OtherReceivablesGross_72A83B7EF732365002F5515003532530_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesGross_41005C3BDB5953039C1B3812DCF86255" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Receivables, Gross</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OtherReceivablesGross" xlink:label="loc_ocn_OtherReceivablesGross_41005C3BDB5953039C1B3812DCF86255" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_24329E492458CC2155A351500353AC9C_negatedTerseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_C20FA39683E855A48DFC087D20655144" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_24329E492458CC2155A351500353AC9C_label_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_C20FA39683E855A48DFC087D20655144" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables, Allowance For Losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_24329E492458CC2155A351500353AC9C_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_C20FA39683E855A48DFC087D20655144" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Receivables, Allowance For Losses</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OtherReceivablesAllowanceForLosses" xlink:label="loc_ocn_OtherReceivablesAllowanceForLosses_C20FA39683E855A48DFC087D20655144" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherReceivables_FDE8315B0DD2ECB3F7245150035342E0_totalLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_08F8E9A18775526DA933AD023878231C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Receivables, total</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_08F8E9A18775526DA933AD023878231C" xlink:type="locator" />
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    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock_45758D3DC22E4BA59ED64EF903C47D88_terseLabel_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock_DFC802CDE4E1577F8D8269AC052993F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Advances</link:label>
    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock_45758D3DC22E4BA59ED64EF903C47D88_label_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock_DFC802CDE4E1577F8D8269AC052993F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted For As Secured Borrowings Advances [Text Block]</link:label>
    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock_45758D3DC22E4BA59ED64EF903C47D88_documentation_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAdvancesTextBlock_DFC802CDE4E1577F8D8269AC052993F3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure for the carrying amount of advances transferred to special purpose entities in transactions accounted for as secured borrowings in the transferor's statement of financial position.  Advances include receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Advances also include receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors.</link:label>
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    <link:label id="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_626D41DCF38015201AF75266AC3B420F_terseLabel_en-US" xlink:label="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_5D81607B500D5A7EB3FF23018768BDAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">India And Philippines Subsidiary [Member]</link:label>
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    <link:label id="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_626D41DCF38015201AF75266AC3B420F_documentation_en-US" xlink:label="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_5D81607B500D5A7EB3FF23018768BDAF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">India and Philippines subsidiary.</link:label>
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    <link:label id="lab_ocn_ForeignSubsidiariesMember_03501CFC51F2F83CCC4B5266AC3BFA51_terseLabel_en-US" xlink:label="lab_ocn_ForeignSubsidiariesMember_24C6D12D3309587D92D38383CB737052" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Subsidiaries [Member]</link:label>
    <link:label id="lab_ocn_ForeignSubsidiariesMember_03501CFC51F2F83CCC4B5266AC3BFA51_label_en-US" xlink:label="lab_ocn_ForeignSubsidiariesMember_24C6D12D3309587D92D38383CB737052" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Subsidiaries [Member]</link:label>
    <link:label id="lab_ocn_ForeignSubsidiariesMember_03501CFC51F2F83CCC4B5266AC3BFA51_documentation_en-US" xlink:label="lab_ocn_ForeignSubsidiariesMember_24C6D12D3309587D92D38383CB737052" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign subsidiaries.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ForeignSubsidiariesMember" xlink:label="loc_ocn_ForeignSubsidiariesMember_24C6D12D3309587D92D38383CB737052" xlink:type="locator" />
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    <link:label id="lab_ocn_OcwenMortgageServicingIncMember_1F78E77C687FFF299F345266AC3B9EFD_terseLabel_en-US" xlink:label="lab_ocn_OcwenMortgageServicingIncMember_6C1571CCE2DB5FADA0E17DEE8D586A50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Mortgage Servicing Inc [Member]</link:label>
    <link:label id="lab_ocn_OcwenMortgageServicingIncMember_1F78E77C687FFF299F345266AC3B9EFD_label_en-US" xlink:label="lab_ocn_OcwenMortgageServicingIncMember_6C1571CCE2DB5FADA0E17DEE8D586A50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Mortgage Servicing Inc [Member]</link:label>
    <link:label id="lab_ocn_OcwenMortgageServicingIncMember_1F78E77C687FFF299F345266AC3B9EFD_documentation_en-US" xlink:label="lab_ocn_OcwenMortgageServicingIncMember_6C1571CCE2DB5FADA0E17DEE8D586A50" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the primary operating subsidiary.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_OcwenMortgageServicingIncMember" xlink:label="loc_ocn_OcwenMortgageServicingIncMember_6C1571CCE2DB5FADA0E17DEE8D586A50" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TaxCreditCarryforwardAxis_2292332F5B9303162BB05266AC3B480D_terseLabel_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardAxis_B82BD0B6C8345B6BBE244201B9431F5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Axis]</link:label>
    <link:label id="lab_us-gaap_TaxCreditCarryforwardAxis_2292332F5B9303162BB05266AC3B480D_label_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardAxis_B82BD0B6C8345B6BBE244201B9431F5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TaxCreditCarryforwardAxis" xlink:label="loc_us-gaap_TaxCreditCarryforwardAxis_B82BD0B6C8345B6BBE244201B9431F5B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_9D3C72A4746D6DBFFF345266AC3B7413_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_E9E5FB59E83A5EBC9F16682CCEB5489C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Loss Carryforwards [Member]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLossCarryforwardMember" xlink:label="loc_us-gaap_CapitalLossCarryforwardMember_79E0AC9BA65B58D0B0BB0139C90904F8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_97AD44B4CE196271A51F52C32F86EC23_label_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_C301A191779F56EB9E3C69E8C177AA9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Credit Losses on Financing Receivables [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="loc_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_C301A191779F56EB9E3C69E8C177AA9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_C301A191779F56EB9E3C69E8C177AA9E" xlink:to="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_C301A191779F56EB9E3C69E8C177AA9E" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_64D082E1F0BE64CB266052B599213C45_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_A224A07762DA5973AF4FE5139FB11315" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Activity in Balance of Loans Held for Sale, at Fair Value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_64D082E1F0BE64CB266052B599213C45_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_A224A07762DA5973AF4FE5139FB11315" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale Carried At Fair Value [Table Text Block]</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_64D082E1F0BE64CB266052B599213C45_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_A224A07762DA5973AF4FE5139FB11315" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held For Sale Carried At Fair Value [Table Text Block]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock" xlink:label="loc_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_A224A07762DA5973AF4FE5139FB11315" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_A224A07762DA5973AF4FE5139FB11315" xlink:to="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_A224A07762DA5973AF4FE5139FB11315" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_F8954F84A6C47C68FDC652B599218CBB_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_0853F26A416C5F11AC34FCD9C4BB9B53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Activity in Balance of Loans Held for Sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_F8954F84A6C47C68FDC652B599218CBB_label_en-US" xlink:label="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_0853F26A416C5F11AC34FCD9C4BB9B53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity [Table Text Block]</link:label>
    <link:label id="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_F8954F84A6C47C68FDC652B599218CBB_documentation_en-US" xlink:label="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_0853F26A416C5F11AC34FCD9C4BB9B53" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Loans Held For Sale At Lower Cost Or Fair Value, Activity [Table Text Block]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock" xlink:label="loc_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_0853F26A416C5F11AC34FCD9C4BB9B53" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_0853F26A416C5F11AC34FCD9C4BB9B53" xlink:to="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_0853F26A416C5F11AC34FCD9C4BB9B53" xlink:type="arc" />
    <link:label id="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_E4ED67DAC623BDC34C6852B59921E19A_terseLabel_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_C665BE3001425ED38E3C55692095CB08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Activity in Gain on Loans Held for Sale, Net</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_E4ED67DAC623BDC34C6852B59921E19A_label_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_C665BE3001425ED38E3C55692095CB08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale [Table Text Block]</link:label>
    <link:label id="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_E4ED67DAC623BDC34C6852B59921E19A_documentation_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_C665BE3001425ED38E3C55692095CB08" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain On Loans Held For Sale [Table Text Block]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_GainOnLoansHeldForSaleTableTextBlock" xlink:label="loc_ocn_GainOnLoansHeldForSaleTableTextBlock_C665BE3001425ED38E3C55692095CB08" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnLoansHeldForSaleTableTextBlock_C665BE3001425ED38E3C55692095CB08" xlink:to="lab_ocn_GainOnLoansHeldForSaleTableTextBlock_C665BE3001425ED38E3C55692095CB08" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeNotionalBalanceRollForward_AA6BE4AD1D0F44F02F82EF3D54BB9F2C_terseLabel_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_8CE0D06057025927BDE79807476025D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Notional Balance [Roll Forward]</link:label>
    <link:label id="lab_ocn_DerivativeNotionalBalanceRollForward_AA6BE4AD1D0F44F02F82EF3D54BB9F2C_label_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_8CE0D06057025927BDE79807476025D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Notional Balance [Roll Forward]</link:label>
    <link:label id="lab_ocn_DerivativeNotionalBalanceRollForward_AA6BE4AD1D0F44F02F82EF3D54BB9F2C_documentation_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_8CE0D06057025927BDE79807476025D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative Notional Balance [Roll Forward]</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DerivativeNotionalBalanceRollForward" xlink:label="loc_ocn_DerivativeNotionalBalanceRollForward_8CE0D06057025927BDE79807476025D0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeNotionalBalanceRollForward_8CE0D06057025927BDE79807476025D0" xlink:to="lab_ocn_DerivativeNotionalBalanceRollForward_8CE0D06057025927BDE79807476025D0" xlink:type="arc" />
    <link:label id="lab_invest_DerivativeNotionalAmount_46BEDC5929CCF8FED57BEF3D54BBAB48_periodStartLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_B65EDB20B7AA5F269491899814FBB543" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Notional Amount, beginning balance</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_B65EDB20B7AA5F269491899814FBB543" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_B65EDB20B7AA5F269491899814FBB543" xlink:to="lab_invest_DerivativeNotionalAmount_B65EDB20B7AA5F269491899814FBB543" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeAdditions_721BB41A722C60E8337BEF3D54BB130A_terseLabel_en-US" xlink:label="lab_ocn_DerivativeAdditions_0262D008D303543D9E67CB2937399FCA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ocn_DerivativeAdditions_721BB41A722C60E8337BEF3D54BB130A_label_en-US" xlink:label="lab_ocn_DerivativeAdditions_0262D008D303543D9E67CB2937399FCA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Additions</link:label>
    <link:label id="lab_ocn_DerivativeAdditions_721BB41A722C60E8337BEF3D54BB130A_documentation_en-US" xlink:label="lab_ocn_DerivativeAdditions_0262D008D303543D9E67CB2937399FCA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents an increase in derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DerivativeAdditions" xlink:label="loc_ocn_DerivativeAdditions_0262D008D303543D9E67CB2937399FCA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeAdditions_0262D008D303543D9E67CB2937399FCA" xlink:to="lab_ocn_DerivativeAdditions_0262D008D303543D9E67CB2937399FCA" xlink:type="arc" />
    <link:label id="lab_ocn_AmortizationOfDerivative_1D827C044E1DEE809594EF3D54BB967D_negatedTerseLabel_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_B2ECEA1D215A5D92A5395BE6A2BFEA93" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ocn_AmortizationOfDerivative_1D827C044E1DEE809594EF3D54BB967D_label_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_B2ECEA1D215A5D92A5395BE6A2BFEA93" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization Of Derivative</link:label>
    <link:label id="lab_ocn_AmortizationOfDerivative_1D827C044E1DEE809594EF3D54BB967D_documentation_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_B2ECEA1D215A5D92A5395BE6A2BFEA93" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount for amortization of derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_AmortizationOfDerivative" xlink:label="loc_ocn_AmortizationOfDerivative_B2ECEA1D215A5D92A5395BE6A2BFEA93" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmortizationOfDerivative_B2ECEA1D215A5D92A5395BE6A2BFEA93" xlink:to="lab_ocn_AmortizationOfDerivative_B2ECEA1D215A5D92A5395BE6A2BFEA93" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeMaturities_160401D59BF6C61D29DFEF3D54BBC66C_negatedTerseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturities_16A3A85AFD07515BAABBC655CDFCA753" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Maturities</link:label>
    <link:label id="lab_ocn_DerivativeMaturities_160401D59BF6C61D29DFEF3D54BBC66C_label_en-US" xlink:label="lab_ocn_DerivativeMaturities_16A3A85AFD07515BAABBC655CDFCA753" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Maturities</link:label>
    <link:label id="lab_ocn_DerivativeMaturities_160401D59BF6C61D29DFEF3D54BBC66C_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturities_16A3A85AFD07515BAABBC655CDFCA753" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount for maturities of derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DerivativeMaturities" xlink:label="loc_ocn_DerivativeMaturities_16A3A85AFD07515BAABBC655CDFCA753" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeMaturities_16A3A85AFD07515BAABBC655CDFCA753" xlink:to="lab_ocn_DerivativeMaturities_16A3A85AFD07515BAABBC655CDFCA753" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeTerminations_FF1BB87C321C7DC894C0EF3D54BB14D4_negatedTerseLabel_en-US" xlink:label="lab_ocn_DerivativeTerminations_10583069B61653C2BB3B09D231C2DFC2" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Terminations</link:label>
    <link:label id="lab_ocn_DerivativeTerminations_FF1BB87C321C7DC894C0EF3D54BB14D4_label_en-US" xlink:label="lab_ocn_DerivativeTerminations_10583069B61653C2BB3B09D231C2DFC2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Terminations</link:label>
    <link:label id="lab_ocn_DerivativeTerminations_FF1BB87C321C7DC894C0EF3D54BB14D4_documentation_en-US" xlink:label="lab_ocn_DerivativeTerminations_10583069B61653C2BB3B09D231C2DFC2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount for termination of derivative instruments during the period.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DerivativeTerminations" xlink:label="loc_ocn_DerivativeTerminations_10583069B61653C2BB3B09D231C2DFC2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeTerminations_10583069B61653C2BB3B09D231C2DFC2" xlink:to="lab_ocn_DerivativeTerminations_10583069B61653C2BB3B09D231C2DFC2" xlink:type="arc" />
    <link:label id="lab_invest_DerivativeNotionalAmount_7FAD4139CEFDE0B5C45EEF3D54BBB44D_periodEndLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_2A0926D23A3B5B27B4D8E1948F2CCB38" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Notional Amount, ending balance</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_2A0926D23A3B5B27B4D8E1948F2CCB38" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_2A0926D23A3B5B27B4D8E1948F2CCB38" xlink:to="lab_invest_DerivativeNotionalAmount_2A0926D23A3B5B27B4D8E1948F2CCB38" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_3400B168A6C87A11EC8DEF3D54BB70B6_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_F8F10EFCA38858C785AC2EFA1DE17C49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of derivative assets (liabilities) at:</link:label>
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_3400B168A6C87A11EC8DEF3D54BB70B6_label_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_F8F10EFCA38858C785AC2EFA1DE17C49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivative assets (liabilities) at: [Abstract]</link:label>
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_3400B168A6C87A11EC8DEF3D54BB70B6_documentation_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_F8F10EFCA38858C785AC2EFA1DE17C49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">-- None. No documentation exists for this element. --</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract" xlink:label="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_F8F10EFCA38858C785AC2EFA1DE17C49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_F8F10EFCA38858C785AC2EFA1DE17C49" xlink:to="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_F8F10EFCA38858C785AC2EFA1DE17C49" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeMaturityPeriod_87F7CE4D4C29E897C5DCEF3D54BBBC5B_terseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_C7BADD566E275710ACC3F5E7D2C879A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity</link:label>
    <link:label id="lab_ocn_DerivativeMaturityPeriod_87F7CE4D4C29E897C5DCEF3D54BBBC5B_label_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_C7BADD566E275710ACC3F5E7D2C879A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Maturity Period</link:label>
    <link:label id="lab_ocn_DerivativeMaturityPeriod_87F7CE4D4C29E897C5DCEF3D54BBBC5B_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_C7BADD566E275710ACC3F5E7D2C879A8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a maturity period of derivative.</link:label>
    <link:loc xlink:href="ocn-20161231.xsd#ocn_DerivativeMaturityPeriod" xlink:label="loc_ocn_DerivativeMaturityPeriod_C7BADD566E275710ACC3F5E7D2C879A8" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtSecuritiesAbstract_0003844E085DB90F212A5CC13E099C3D_label_en-US" xlink:label="lab_ocn_DebtSecuritiesAbstract_6B8DEF4504D05471B321A88478511F7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Securities [Abstract]</link:label>
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    <link:label id="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_EBBE6110620A4BFAB1515BDC8319BCA4_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_9BD4701CFA565A65B71EE7E79018DBD3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of non-agency and whole loans servicing agreements with termination rights triggered of servicing portfolio</link:label>
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    <link:label id="lab_us-gaap_FairValueDisclosureOffbalanceSheetRisksAmountAsset_F0182E0764F8857FCB825BDC83191E58_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureOffbalanceSheetRisksAmountAsset_3CAC2BDC501651129C691FD977CDC748" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Float balances</link:label>
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    <link:label id="lab_ocn_IncomeRecognizedInConnectionWithExecutionOfCleanUpCallOnSecuritizationTrusts_9172BFF1EDBC4398754B5BDC831921F8_terseLabel_en-US" xlink:label="lab_ocn_IncomeRecognizedInConnectionWithExecutionOfCleanUpCallOnSecuritizationTrusts_13CD212A48665945A50377B04FF473C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income recognized in connection with execution of clean-up call on securitization trusts</link:label>
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