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    <link:label id="lab_ocn_OtherNetMember_13893F8FE1B4B709A63CD8CFBC877B20_documentation_en-US" xlink:label="lab_ocn_OtherNetMember_13893F8FE1B4B709A63CD8CFBC877B20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other net not defined elsewhere.</link:label>
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    <link:label id="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_97DEBD347DDE2B9B1D0EE009C84A48E8_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_97DEBD347DDE2B9B1D0EE009C84A48E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, interest rate, basis for effective rate at period end</link:label>
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    <link:label id="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_97DEBD347DDE2B9B1D0EE009C84A48E8_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateBasisforEffectiveRateatPeriodEnd_97DEBD347DDE2B9B1D0EE009C84A48E8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Basis for Effective Rate at Period End</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_3DC8D252F1E2DB1EBE4AE009C84A06A1_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_3DC8D252F1E2DB1EBE4AE009C84A06A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis spread on variable rate</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_3DC8D252F1E2DB1EBE4AE009C84A06A1" xlink:type="locator" />
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    <link:label id="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase (decrease) to borrowing capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase (Decrease) to Borrowing Capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Increase (Decrease) to Borrowing Capacity</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity" xlink:label="loc_ocn_LineofCreditFacilityIncreaseDecreasetoBorrowingCapacity_EFBC27BB9E9920571747E009C84ABC8A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6E2ADDF83A266D27A7FFE009C84A5C4E_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6E2ADDF83A266D27A7FFE009C84A5C4E" 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_6E2ADDF83A266D27A7FFE009C84A5C4E_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6E2ADDF83A266D27A7FFE009C84A5C4E" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_6E2ADDF83A266D27A7FFE009C84A5C4E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_9EF1131728A15D42CFCDE009C84A6AB9_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_9EF1131728A15D42CFCDE009C84A6AB9" 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_9EF1131728A15D42CFCDE009C84A6AB9_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_9EF1131728A15D42CFCDE009C84A6AB9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_9EF1131728A15D42CFCDE009C84A6AB9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransfersAndServicingAbstract_BCF299B823D2495E04B7D551133C6BB2_label_en-US" xlink:label="lab_us-gaap_TransfersAndServicingAbstract_BCF299B823D2495E04B7D551133C6BB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers and Servicing [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TransfersAndServicingAbstract" xlink:label="loc_us-gaap_TransfersAndServicingAbstract_BCF299B823D2495E04B7D551133C6BB2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfQuantitativeInformationAboutDerecognizedSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherTextBlock_C35E8FC9BE9525EF0107D5594B62A720_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfQuantitativeInformationAboutDerecognizedSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherTextBlock_C35E8FC9BE9525EF0107D5594B62A720" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of MSRs and Advances Sold</link:label>
    <link:label id="lab_us-gaap_ScheduleOfQuantitativeInformationAboutDerecognizedSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherTextBlock_C35E8FC9BE9525EF0107D5594B62A720_label_en-US" xlink:label="lab_us-gaap_ScheduleOfQuantitativeInformationAboutDerecognizedSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherTextBlock_C35E8FC9BE9525EF0107D5594B62A720" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Quantitative Information about Transferred Financial Assets that have been Derecognized and Other Financial Assets Managed Together [Table Text Block]</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_ScheduleOfQuantitativeInformationAboutDerecognizedSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherTextBlock_C35E8FC9BE9525EF0107D5594B62A720" xlink:to="lab_us-gaap_ScheduleOfQuantitativeInformationAboutDerecognizedSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherTextBlock_C35E8FC9BE9525EF0107D5594B62A720" xlink:type="arc" />
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_EDF64515F9DCC22B296F8A92903EBD11_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed_EDF64515F9DCC22B296F8A92903EBD11" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Weighted average prepayment speeds, 10%</link:label>
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    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed_C8C6D5D4DDB4871ECE768A92903ED2AB_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed_C8C6D5D4DDB4871ECE768A92903ED2AB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Weighted average prepayment speeds, 20%</link:label>
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    <link:label id="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_F36C31E4154BC8B6DC37DE27453AD30C_terseLabel_en-US" xlink:label="lab_ocn_NumberOfTrustsToTerminateAsServicerInCaseIfAllegationsProved_F36C31E4154BC8B6DC37DE27453AD30C" 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>
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    <link:label id="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_0887155840C7B24698F2DE27453A65E2_verboseLabel_en-US" xlink:label="lab_ocn_NumberOfNonAgencyServicingAgreementsTerminatedDueTodowngradesInMortgageServicerRating_0887155840C7B24698F2DE27453A65E2" 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>
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    <link:label id="lab_us-gaap_LitigationSettlementExpense_BDE93C3F3CF4E7976D24DE27453A6EE1_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_BDE93C3F3CF4E7976D24DE27453A6EE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Litigation settlement expense</link:label>
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    <link:label id="lab_ocn_NumberOfIndependentDirectorsAppointedAfterConsultationWithOperationsMonitor_8C7B59CCD6BD63C0088FDE27453A5845_terseLabel_en-US" xlink:label="lab_ocn_NumberOfIndependentDirectorsAppointedAfterConsultationWithOperationsMonitor_8C7B59CCD6BD63C0088FDE27453A5845" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of independent directors appointed after consultation with operations monitor</link:label>
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    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_4916FF1E0926187E3E10DE27453ACB4F_terseLabel_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_4916FF1E0926187E3E10DE27453ACB4F" 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>
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    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_4916FF1E0926187E3E10DE27453ACB4F_documentation_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_4916FF1E0926187E3E10DE27453ACB4F" 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>
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    <link:label id="lab_us-gaap_LossContingencyAccrualCarryingValuePayments_994C3EF05CE7464B10FDDE27453A024A_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualCarryingValuePayments_994C3EF05CE7464B10FDDE27453A024A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of penalty in consent order</link:label>
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    <link:label id="lab_us-gaap_LossContingencyAccrualAtCarryingValue_B95B3DB4B601720E1ADEDE27453A0DBF_verboseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualAtCarryingValue_B95B3DB4B601720E1ADEDE27453A0DBF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accrued penalty</link:label>
    <link:label id="lab_us-gaap_LossContingencyAccrualAtCarryingValue_B95B3DB4B601720E1ADEDE27453A0DBF_label_en-US" xlink:label="lab_us-gaap_LossContingencyAccrualAtCarryingValue_B95B3DB4B601720E1ADEDE27453A0DBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency Accrual</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyAccrualAtCarryingValue" xlink:label="loc_us-gaap_LossContingencyAccrualAtCarryingValue_B95B3DB4B601720E1ADEDE27453A0DBF" xlink:type="locator" />
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    <link:label id="lab_ocn_LossContingencyOversightMonitorPeriod_88FFEDC7ED53EC0D05B7DE27453AD1D0_terseLabel_en-US" xlink:label="lab_ocn_LossContingencyOversightMonitorPeriod_88FFEDC7ED53EC0D05B7DE27453AD1D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Oversight monitor period</link:label>
    <link:label id="lab_ocn_LossContingencyOversightMonitorPeriod_88FFEDC7ED53EC0D05B7DE27453AD1D0_label_en-US" xlink:label="lab_ocn_LossContingencyOversightMonitorPeriod_88FFEDC7ED53EC0D05B7DE27453AD1D0" 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_88FFEDC7ED53EC0D05B7DE27453AD1D0_documentation_en-US" xlink:label="lab_ocn_LossContingencyOversightMonitorPeriod_88FFEDC7ED53EC0D05B7DE27453AD1D0" 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-20150630.xsd#ocn_LossContingencyOversightMonitorPeriod" xlink:label="loc_ocn_LossContingencyOversightMonitorPeriod_88FFEDC7ED53EC0D05B7DE27453AD1D0" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfStateRegulatorsExaminationsPending_17EC963145314B92F912DE27453AAEA5_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStateRegulatorsExaminationsPending_17EC963145314B92F912DE27453AAEA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of state regulators examinations pending</link:label>
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    <link:label id="lab_ocn_NumberOfStateRegulatorsExaminationsPending_17EC963145314B92F912DE27453AAEA5_documentation_en-US" xlink:label="lab_ocn_NumberOfStateRegulatorsExaminationsPending_17EC963145314B92F912DE27453AAEA5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of state regulators examinations pending.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_NumberOfStateRegulatorsExaminationsPending" xlink:label="loc_ocn_NumberOfStateRegulatorsExaminationsPending_17EC963145314B92F912DE27453AAEA5" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_B5E231E52281E6B05100DE27453AD76B_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_B5E231E52281E6B05100DE27453AD76B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states in which regulators examinations pending</link:label>
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    <link:label id="lab_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_B5E231E52281E6B05100DE27453AD76B_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_B5E231E52281E6B05100DE27453AD76B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states in which regulators examinations pending.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_NumberOfStatesInWhichRegulatorsExaminationsPending" xlink:label="loc_ocn_NumberOfStatesInWhichRegulatorsExaminationsPending_B5E231E52281E6B05100DE27453AD76B" xlink:type="locator" />
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    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_FA57807A7B29272E66F8DE27453AA826_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_FA57807A7B29272E66F8DE27453AA826" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warranty repurchase demands unpaid principal balance</link:label>
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    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_FA57807A7B29272E66F8DE27453AA826_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_FA57807A7B29272E66F8DE27453AA826" 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>
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    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_BFBBC2C6B76F7CEE1649DE27453A8B93_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_BFBBC2C6B76F7CEE1649DE27453A8B93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warranty repurchase demands number of loans</link:label>
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    <link:label id="lab_us-gaap_InterestRateLockCommitmentsMember_7E7194E930A9DAED77F1D8CFBC8DFB5D_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateLockCommitmentsMember_7E7194E930A9DAED77F1D8CFBC8DFB5D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Lock Commitments [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateLockCommitmentsMember" xlink:label="loc_us-gaap_InterestRateLockCommitmentsMember_7E7194E930A9DAED77F1D8CFBC8DFB5D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateLockCommitmentsMember_7E7194E930A9DAED77F1D8CFBC8DFB5D" xlink:to="lab_us-gaap_InterestRateLockCommitmentsMember_7E7194E930A9DAED77F1D8CFBC8DFB5D" xlink:type="arc" />
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D_verboseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Forward MBS Trades [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D_label_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Mortgage Backed Securities Trades [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D_documentation_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a forward mortgage backed securities trades.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ForwardMortgageBackedSecuritiesTradesMember" xlink:label="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D" xlink:to="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_D16E97E179862C25ECA7D8CFBC8D691D" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Swaps [Member]</link:label>
    <link:label id="lab_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28_label_en-US" xlink:label="lab_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Swap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="loc_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28" xlink:to="lab_us-gaap_InterestRateSwapMember_BB047D9FF84C654A7978D8CFBC8D3D28" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4_terseLabel_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4" 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_B4FF35FAE68F22F5D27AD8CFBC8D44C4_label_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4" 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_B4FF35FAE68F22F5D27AD8CFBC8D44C4_documentation_en-US" xlink:label="lab_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4" 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-20150630.xsd#ocn_DerivativeNotionalBalanceRollForward" xlink:label="loc_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4" xlink:to="lab_ocn_DerivativeNotionalBalanceRollForward_B4FF35FAE68F22F5D27AD8CFBC8D44C4" xlink:type="arc" />
    <link:label id="lab_invest_DerivativeNotionalAmount_7D101E9646AF39671FBAD8CFBC8D4F74_periodStartLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_7D101E9646AF39671FBAD8CFBC8D4F74" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning notional 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_7D101E9646AF39671FBAD8CFBC8D4F74" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_7D101E9646AF39671FBAD8CFBC8D4F74" xlink:to="lab_invest_DerivativeNotionalAmount_7D101E9646AF39671FBAD8CFBC8D4F74" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802_terseLabel_en-US" xlink:label="lab_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802" 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_BB10FCC38CC45A1A0643D8CFBC8DD802_label_en-US" xlink:label="lab_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802" 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_BB10FCC38CC45A1A0643D8CFBC8DD802_documentation_en-US" xlink:label="lab_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802" 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-20150630.xsd#ocn_DerivativeAdditions" xlink:label="loc_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802" xlink:to="lab_ocn_DerivativeAdditions_BB10FCC38CC45A1A0643D8CFBC8DD802" xlink:type="arc" />
    <link:label id="lab_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A_negatedTerseLabel_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A" 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_9960F545813ABCCB2EE3D8CFBC8DAD5A_label_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A" 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_9960F545813ABCCB2EE3D8CFBC8DAD5A_documentation_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A" 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-20150630.xsd#ocn_AmortizationOfDerivative" xlink:label="loc_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A" xlink:to="lab_ocn_AmortizationOfDerivative_9960F545813ABCCB2EE3D8CFBC8DAD5A" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97_negatedTerseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97" 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_08523E6FAA3869DCD323D8CFBC8D8D97_label_en-US" xlink:label="lab_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97" 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_08523E6FAA3869DCD323D8CFBC8D8D97_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97" 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-20150630.xsd#ocn_DerivativeMaturities" xlink:label="loc_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97" xlink:to="lab_ocn_DerivativeMaturities_08523E6FAA3869DCD323D8CFBC8D8D97" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C_negatedTerseLabel_en-US" xlink:label="lab_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C" 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_8B8BD942A06B71EA100FD8CFBC8DAF8C_label_en-US" xlink:label="lab_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C" 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_8B8BD942A06B71EA100FD8CFBC8DAF8C_documentation_en-US" xlink:label="lab_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C" 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-20150630.xsd#ocn_DerivativeTerminations" xlink:label="loc_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C" xlink:to="lab_ocn_DerivativeTerminations_8B8BD942A06B71EA100FD8CFBC8DAF8C" xlink:type="arc" />
    <link:label id="lab_invest_DerivativeNotionalAmount_AD20C93C608A7A7E2AD3D8CFBC8D59B2_periodEndLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_AD20C93C608A7A7E2AD3D8CFBC8D59B2" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending notional 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_AD20C93C608A7A7E2AD3D8CFBC8D59B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_AD20C93C608A7A7E2AD3D8CFBC8D59B2" xlink:to="lab_invest_DerivativeNotionalAmount_AD20C93C608A7A7E2AD3D8CFBC8D59B2" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4" 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_788DF9148ACDB6831020D8CFBC8D38E4_label_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4" 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_788DF9148ACDB6831020D8CFBC8D38E4_documentation_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4" 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-20150630.xsd#ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract" xlink:label="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4" xlink:to="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_788DF9148ACDB6831020D8CFBC8D38E4" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivatives, at fair value</link:label>
    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Fair Value, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNet" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1" xlink:to="lab_us-gaap_DerivativeFairValueOfDerivativeNet_28336AB63BC2BDC7EF65D8CFBC8D4AB1" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8_terseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8" 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_546BD95B06A8EF2D7137D8CFBC8D97D8_label_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8" 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_546BD95B06A8EF2D7137D8CFBC8D97D8_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8" 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-20150630.xsd#ocn_DerivativeMaturityPeriod" xlink:label="loc_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8" xlink:to="lab_ocn_DerivativeMaturityPeriod_546BD95B06A8EF2D7137D8CFBC8D97D8" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsAbstract_1C3C00F2E805158D1DA5D0821C4CACD3_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsAbstract_1C3C00F2E805158D1DA5D0821C4CACD3" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="loc_us-gaap_RelatedPartyTransactionsAbstract_1C3C00F2E805158D1DA5D0821C4CACD3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsAbstract_1C3C00F2E805158D1DA5D0821C4CACD3" xlink:to="lab_us-gaap_RelatedPartyTransactionsAbstract_1C3C00F2E805158D1DA5D0821C4CACD3" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB" xlink:to="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_179C2A161B562C57C807D0821C4CBDDB" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8" xlink:to="lab_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_1263DC4F2D01E14AA017D0821C4C6BF8" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyDomain_DF60037B9F02FAD7AA7CD0821C4C6BE9_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_DF60037B9F02FAD7AA7CD0821C4C6BE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyDomain_DF60037B9F02FAD7AA7CD0821C4C6BE9_label_en-US" xlink:label="lab_us-gaap_RelatedPartyDomain_DF60037B9F02FAD7AA7CD0821C4C6BE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="loc_us-gaap_RelatedPartyDomain_DF60037B9F02FAD7AA7CD0821C4C6BE9" xlink:type="locator" />
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    <link:label id="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8_terseLabel_en-US" xlink:label="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Altisource [Member]</link:label>
    <link:label id="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8_label_en-US" xlink:label="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Altisource [Member]</link:label>
    <link:label id="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8_documentation_en-US" xlink:label="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Specific acquisition.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AltisourceMember" xlink:label="loc_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8" xlink:to="lab_ocn_AltisourceMember_3CBFB3B574B2E928FEE0D0821C4C85F8" xlink:type="arc" />
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E_terseLabel_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HLSS [Member]</link:label>
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E_label_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Loan Servicing Solutions [Member]</link:label>
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E_documentation_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents related party.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_HomeLoanServicingSolutionsMember" xlink:label="loc_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E" xlink:to="lab_ocn_HomeLoanServicingSolutionsMember_E8EE92BE42FCF2CB1EE4D0821C4CDB9E" xlink:type="arc" />
    <link:label id="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1_verboseLabel_en-US" xlink:label="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">AAMC [Member]</link:label>
    <link:label id="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1_label_en-US" xlink:label="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Altisource Asset Management Corporation [Member]</link:label>
    <link:label id="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1_documentation_en-US" xlink:label="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Altisource Asset Management Corporation (AAMC).</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AltisourceAssetManagementCorporationMember" xlink:label="loc_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1" xlink:to="lab_ocn_AltisourceAssetManagementCorporationMember_325E5EF402E014113546D0821C4C53D1" xlink:type="arc" />
    <link:label id="lab_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20_verboseLabel_en-US" xlink:label="lab_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Residential [Member]</link:label>
    <link:label id="lab_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20_label_en-US" xlink:label="lab_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Altisource Residential Lp [Member]</link:label>
    <link:label id="lab_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20_documentation_en-US" xlink:label="lab_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Altisource Residential LP.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AltisourceResidentialLpMember" xlink:label="loc_ocn_AltisourceResidentialLpMember_8FF2CDB431FBE97186F2D0821C4C7F20" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="loc_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902" xlink:to="lab_us-gaap_RelatedPartyTransactionLineItems_B3366576C874138A5331D0821C4C7902" xlink:type="arc" />
    <link:label id="lab_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8_terseLabel_en-US" xlink:label="lab_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenues and Expenses:</link:label>
    <link:label id="lab_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8_label_en-US" xlink:label="lab_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues and Expenses [Abstract]</link:label>
    <link:label id="lab_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8_documentation_en-US" xlink:label="lab_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8" 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-20150630.xsd#ocn_RevenuesAndExpensesAbstract" xlink:label="loc_ocn_RevenuesAndExpensesAbstract_51C62CD75ECED6B2FA12D0821C4C3BB8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
    <link:label id="lab_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A_label_en-US" xlink:label="lab_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from Related Parties</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="loc_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A" xlink:to="lab_us-gaap_RevenueFromRelatedParties_152364F3598B269AD708D0821C4D7C6A" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_F4476C28795C40820C1ED0821C4DDCCD_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_F4476C28795C40820C1ED0821C4DDCCD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expenses</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_F4476C28795C40820C1ED0821C4DDCCD_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_F4476C28795C40820C1ED0821C4DDCCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Expenses from Transactions with Related Party</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:label="loc_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_F4476C28795C40820C1ED0821C4DDCCD" xlink:type="locator" />
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    <link:label id="lab_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A_terseLabel_en-US" xlink:label="lab_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A" 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_216C9C0D13F5AF3E5BD98A928FAA277A_label_en-US" xlink:label="lab_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A" 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_216C9C0D13F5AF3E5BD98A928FAA277A_documentation_en-US" xlink:label="lab_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A" 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-20150630.xsd#ocn_InterestExpenseTextBlock" xlink:label="loc_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A" xlink:to="lab_ocn_InterestExpenseTextBlock_216C9C0D13F5AF3E5BD98A928FAA277A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilitiesDisclosureAbstract_D6D6056D218E81E218018A92901893E0_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesDisclosureAbstract_D6D6056D218E81E218018A92901893E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_D6D6056D218E81E218018A92901893E0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureAbstract_D6D6056D218E81E218018A92901893E0" xlink:to="lab_us-gaap_OtherLiabilitiesDisclosureAbstract_D6D6056D218E81E218018A92901893E0" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:label id="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:label="loc_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708" xlink:to="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_F67756128BE2C4586C6C8A9290182708" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivablesAbstract_AA48D616EDDAC621D526D8CFBD36F09C_label_en-US" xlink:label="lab_us-gaap_ReceivablesAbstract_AA48D616EDDAC621D526D8CFBD36F09C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="loc_us-gaap_ReceivablesAbstract_AA48D616EDDAC621D526D8CFBD36F09C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesAbstract_AA48D616EDDAC621D526D8CFBD36F09C" xlink:to="lab_us-gaap_ReceivablesAbstract_AA48D616EDDAC621D526D8CFBD36F09C" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government-insured loan claims</link:label>
    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5_label_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Government-Insured Loan Claims</link:label>
    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5" 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-20150630.xsd#ocn_ServicingReceivableGovernmentInsuredLoanClaims" xlink:label="loc_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5" xlink:to="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_31EBA32E99FEBDDD4B6DD8CFBD363AB5" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from custodial accounts</link:label>
    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F_label_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Due From Custodial Accounts</link:label>
    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Due From Custodial Accounts</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingReceivableDueFromCustodialAccounts" xlink:label="loc_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F" xlink:to="lab_ocn_ServicingReceivableDueFromCustodialAccounts_222A7CF87257769C7361D8CFBD36826F" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381" 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_3E3A5E95F26B6E7C41F2D8CFBD369381_label_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381" 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_3E3A5E95F26B6E7C41F2D8CFBD369381_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381" 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-20150630.xsd#ocn_ServicingReceivableReimbursableExpenses" xlink:label="loc_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381" xlink:to="lab_ocn_ServicingReceivableReimbursableExpenses_3E3A5E95F26B6E7C41F2D8CFBD369381" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other servicing receivables</link:label>
    <link:label id="lab_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B_label_en-US" xlink:label="lab_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B" 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_A3E1568CD178660215ADD8CFBD36356B_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B" 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-20150630.xsd#ocn_ServicingReceivableOther" xlink:label="loc_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B" xlink:to="lab_ocn_ServicingReceivableOther_A3E1568CD178660215ADD8CFBD36356B" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE_totalLabel_en-US" xlink:label="lab_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing receivable, total</link:label>
    <link:label id="lab_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE_label_en-US" xlink:label="lab_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE" 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_8EC22CD78C8B966FBC6BD8CFBD368FFE_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingReceivableNet" xlink:label="loc_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE" xlink:to="lab_ocn_ServicingReceivableNet_8EC22CD78C8B966FBC6BD8CFBD368FFE" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxReceivable_3CC3C673D37AD167AF2ED8CFBD367EEF_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_3CC3C673D37AD167AF2ED8CFBD367EEF" 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_3CC3C673D37AD167AF2ED8CFBD367EEF_label_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_3CC3C673D37AD167AF2ED8CFBD367EEF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncomeTaxReceivable" xlink:label="loc_us-gaap_IncomeTaxReceivable_3CC3C673D37AD167AF2ED8CFBD367EEF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxReceivable_3CC3C673D37AD167AF2ED8CFBD367EEF" xlink:to="lab_us-gaap_IncomeTaxReceivable_3CC3C673D37AD167AF2ED8CFBD367EEF" xlink:type="arc" />
    <link:label id="lab_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C_terseLabel_en-US" xlink:label="lab_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from related parties</link:label>
    <link:label id="lab_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C_label_en-US" xlink:label="lab_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due from Affiliates</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DueFromAffiliates" xlink:label="loc_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C" xlink:to="lab_us-gaap_DueFromAffiliates_86D90EF6DE331B67DE9CD8CFBD36792C" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575" 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_7D1E66375243E3C42AE4D8CFBD37D575_label_en-US" xlink:label="lab_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575" 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_7D1E66375243E3C42AE4D8CFBD37D575_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_OtherReceivablesNet" xlink:label="loc_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575" xlink:to="lab_ocn_OtherReceivablesNet_7D1E66375243E3C42AE4D8CFBD37D575" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169_totalLabel_en-US" xlink:label="lab_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169" 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_20370B485549F910C7B6D8CFBD378169_label_en-US" xlink:label="lab_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169" 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_20370B485549F910C7B6D8CFBD378169_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169" 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-20150630.xsd#ocn_OtherReceivablesGross" xlink:label="loc_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169" xlink:to="lab_ocn_OtherReceivablesGross_20370B485549F910C7B6D8CFBD378169" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305_negatedTerseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305" 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_4E96F68AF17CCEAD7965D8CFBD370305_label_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305" 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_4E96F68AF17CCEAD7965D8CFBD370305_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305" 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-20150630.xsd#ocn_OtherReceivablesAllowanceForLosses" xlink:label="loc_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305" xlink:to="lab_ocn_OtherReceivablesAllowanceForLosses_4E96F68AF17CCEAD7965D8CFBD370305" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A_totalLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A" xlink:to="lab_us-gaap_OtherReceivables_DE3DEBB31BFAF708E0FCD8CFBD37238A" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Loans Held for Sale Fair Value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD" 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_276AF5D6B4F9969AD3368A928F40AECD_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD" 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-20150630.xsd#ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock" xlink:label="loc_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD" xlink:to="lab_ocn_LoansHeldForSaleCarriedAtFairValueTableTextBlock_276AF5D6B4F9969AD3368A928F40AECD" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_AD398E4ECDD24E5CE4278A928F409AF8_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_AD398E4ECDD24E5CE4278A928F409AF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Loans Held for Sale at Lower Cost or Fair Value, Activity</link:label>
    <link:label id="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_AD398E4ECDD24E5CE4278A928F409AF8_label_en-US" xlink:label="lab_ocn_ScheduleofLoansHeldForSaleAtLowerCostOrFairValueActivityTableTextBlock_AD398E4ECDD24E5CE4278A928F409AF8" 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>
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    <link:label id="lab_ocn_IncrementalCommonSharesAttributableToCommonStockAwards_8730EA886E054CE5CA7AD8CFBC68A60D_terseLabel_en-US" xlink:label="lab_ocn_IncrementalCommonSharesAttributableToCommonStockAwards_8730EA886E054CE5CA7AD8CFBC68A60D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock awards (in shares)</link:label>
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    <link:label id="lab_ocn_IncrementalCommonSharesAttributableToCommonStockAwards_8730EA886E054CE5CA7AD8CFBC68A60D_documentation_en-US" xlink:label="lab_ocn_IncrementalCommonSharesAttributableToCommonStockAwards_8730EA886E054CE5CA7AD8CFBC68A60D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of common stock awards.</link:label>
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    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_791401A674987A20402AD8CFBC6872C7_verboseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_791401A674987A20402AD8CFBC6872C7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dilutive weighted average shares of common stock (in shares)</link:label>
    <link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_791401A674987A20402AD8CFBC6872C7_label_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_791401A674987A20402AD8CFBC6872C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted Average Number of Shares Outstanding, Diluted</link:label>
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    <link:label id="lab_us-gaap_EarningsPerShareDiluted_AA6F671B85D6C47A3816D8CFBC6815E6_verboseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted_AA6F671B85D6C47A3816D8CFBC6815E6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings per share (in USD per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="loc_us-gaap_EarningsPerShareDiluted_AA6F671B85D6C47A3816D8CFBC6815E6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DilutiveSecuritiesAbstract_6E81515F5A7B916AAD08D8CFBC682FF4_label_en-US" xlink:label="lab_us-gaap_DilutiveSecuritiesAbstract_6E81515F5A7B916AAD08D8CFBC682FF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive Securities, Effect on Basic Earnings Per Share [Abstract]</link:label>
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    <link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1889416A59BE4E8FCACDD8CFBC696058_terseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1889416A59BE4E8FCACDD8CFBC696058" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Anti-dilutive Securities (in shares)</link:label>
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    <link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_E0EE68AAEDB20433A1F68A9290A1B871_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_E0EE68AAEDB20433A1F68A9290A1B871" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements [Abstract]</link:label>
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    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_2432F6D6999D2FDF95768A928FA08D3A_documentation_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_2432F6D6999D2FDF95768A928FA08D3A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
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    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_D7F11450452FBB5F75158A928FA014AF_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_D7F11450452FBB5F75158A928FA014AF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Principal collections</link:label>
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    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_95373FF3F5497710AF438A928FA0C86A_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_95373FF3F5497710AF438A928FA0C86A" 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:loc xlink:href="ocn-20150630.xsd#ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_95373FF3F5497710AF438A928FA0C86A" xlink:type="locator" />
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    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_4DC9B80504407853D8D38A928FA05BD8_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_4DC9B80504407853D8D38A928FA05BD8" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to real estate owned</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_4DC9B80504407853D8D38A928FA05BD8" xlink:type="locator" />
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    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_8206A23EA566F8B54DA38A928FA08529_terseLabel_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_8206A23EA566F8B54DA38A928FA08529" 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_8206A23EA566F8B54DA38A928FA08529_label_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_8206A23EA566F8B54DA38A928FA08529" 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>
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    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3F239083EC4AAD5ED8B38A928FA09E02_negatedTerseLabel_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3F239083EC4AAD5ED8B38A928FA09E02" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in valuation allowance</link:label>
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    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_EFA54402D012B19A56E18A928FA061E9_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_EFA54402D012B19A56E18A928FA061E9" 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_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171_terseLabel_en-US" xlink:label="lab_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171_label_en-US" xlink:label="lab_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171_documentation_en-US" xlink:label="lab_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value agency mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_FairValueAgencyMortgageServicingRightsMember" xlink:label="loc_ocn_FairValueAgencyMortgageServicingRightsMember_C74D7AD9D3DD4202D419B5F865C79171" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF_terseLabel_en-US" xlink:label="lab_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Non-Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF_label_en-US" xlink:label="lab_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value NonAgency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF_documentation_en-US" xlink:label="lab_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value non-agency mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_FairValueNonAgencyMortgageServicingRightsMember" xlink:label="loc_ocn_FairValueNonAgencyMortgageServicingRightsMember_2916979CACB8FD752C73B5F865C7ACDF" xlink:type="locator" />
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    <link:label id="lab_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights Pledged [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A_label_en-US" xlink:label="lab_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights Pledged [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights pledged.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_MortgageServicingRightsPledgedMember" xlink:label="loc_ocn_MortgageServicingRightsPledgedMember_DB3BD4958A65E80BAF83B5F865C7C81A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Assets, Quantitative Information [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD_label_en-US" xlink:label="lab_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Assets, Quantitative Information [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems" xlink:label="loc_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD" xlink:to="lab_us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems_CAD36F57C7EF5B22864CB5F865C7EEFD" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average prepayment speed</link:label>
    <link:label id="lab_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4_label_en-US" xlink:label="lab_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Prepayment Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsPrepaymentRate" xlink:label="loc_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4" xlink:to="lab_us-gaap_FairValueInputsPrepaymentRate_367EEF640DCA9943A9D0B5F865C7C3F4" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average delinquency rate</link:label>
    <link:label id="lab_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745_label_en-US" xlink:label="lab_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Probability of Default</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsProbabilityOfDefault" xlink:label="loc_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745" xlink:to="lab_us-gaap_FairValueInputsProbabilityOfDefault_7EDD5C7F531625FDA50FB5F865C7D745" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance financing cost</link:label>
    <link:label id="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333_label_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Financing Costs, Comparative Derivative Term</link:label>
    <link:label id="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333_documentation_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Financing Costs, Comparative Derivative Term</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm" xlink:label="loc_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333" xlink:to="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_D183BDAB372BE5CFEA6CB5F865C7C333" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate for computing float earnings</link:label>
    <link:label id="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64_label_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64" 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_FA469D4090349B89C86AB5F865C77E64_documentation_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64" 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-20150630.xsd#ocn_FairValueInputsFinancingCostsFloatEarnings" xlink:label="loc_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64" xlink:to="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_FA469D4090349B89C86AB5F865C77E64" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804" 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_3B72338FCCAAA86B9036B5F865C7F804_label_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804" 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_3B72338FCCAAA86B9036B5F865C7F804_documentation_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_FairValueInputsBasisSpreadOnVariableRate" xlink:label="loc_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804" xlink:to="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_3B72338FCCAAA86B9036B5F865C7F804" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsDiscountRate_101D4EB93A9DB5C710F1B5F865C70EFA_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsDiscountRate_101D4EB93A9DB5C710F1B5F865C70EFA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average discount rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="loc_us-gaap_FairValueInputsDiscountRate_101D4EB93A9DB5C710F1B5F865C70EFA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsDiscountRate_101D4EB93A9DB5C710F1B5F865C70EFA" xlink:to="lab_us-gaap_FairValueInputsDiscountRate_101D4EB93A9DB5C710F1B5F865C70EFA" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6" 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_BE3732816B2438AD5D4CB5F865C8D2C6_label_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6" 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_BE3732816B2438AD5D4CB5F865C8D2C6_documentation_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6" 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-20150630.xsd#ocn_FairValueInputsWeightedAverageCostToService" xlink:label="loc_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6" xlink:to="lab_ocn_FairValueInputsWeightedAverageCostToService_BE3732816B2438AD5D4CB5F865C8D2C6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table]</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Assets and Associated Liabilities Accounted for as Secured Borrowings [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable" xlink:label="loc_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188" xlink:to="lab_us-gaap_ScheduleOfAssetsAndAssociatedLiabilitiesAccountedForAsSecuredBorrowingsTable_6D9EA7CF62D2FBD14069E00B28684188" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServicingRightsMember_E173810B9B630E311FCEE00B2869CE62_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_E173810B9B630E311FCEE00B2869CE62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsMember_E173810B9B630E311FCEE00B2869CE62_label_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_E173810B9B630E311FCEE00B2869CE62" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_MortgageServicingRightsMember_E173810B9B630E311FCEE00B2869CE62_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsMember_E173810B9B630E311FCEE00B2869CE62" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a contractual agreement where the right, or rights, to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages.</link:label>
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    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesMember_70786C80AFB4E05B448BE00B286984D0_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_70786C80AFB4E05B448BE00B286984D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances And Match Funded Advances [Member]</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesMember_70786C80AFB4E05B448BE00B286984D0_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_70786C80AFB4E05B448BE00B286984D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances And Match Funded Advances [Member]</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesMember_70786C80AFB4E05B448BE00B286984D0_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_70786C80AFB4E05B448BE00B286984D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances and match funded advances.</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueLineItems_D77B19401F31B3EAD6AFE00B28696A45_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueLineItems_D77B19401F31B3EAD6AFE00B28696A45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Assets at Fair Value [Line Items]</link:label>
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    <link:label id="lab_us-gaap_GainsLossesOnSalesOfAssets_FAB53A5A01083B7B4DD8E00B2869245F_verboseLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfAssets_FAB53A5A01083B7B4DD8E00B2869245F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on sale</link:label>
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    <link:label id="lab_ocn_AccruedExpensesIncludedInGainLossOnSale_C47DDF48B2C82BF6DB0BE00B2869FA05_terseLabel_en-US" xlink:label="lab_ocn_AccruedExpensesIncludedInGainLossOnSale_C47DDF48B2C82BF6DB0BE00B2869FA05" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Plus: Accrued expenses included in gain (loss) on sale</link:label>
    <link:label id="lab_ocn_AccruedExpensesIncludedInGainLossOnSale_C47DDF48B2C82BF6DB0BE00B2869FA05_label_en-US" xlink:label="lab_ocn_AccruedExpensesIncludedInGainLossOnSale_C47DDF48B2C82BF6DB0BE00B2869FA05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Expenses Included In Gain (Loss) On Sale</link:label>
    <link:label id="lab_ocn_AccruedExpensesIncludedInGainLossOnSale_C47DDF48B2C82BF6DB0BE00B2869FA05_documentation_en-US" xlink:label="lab_ocn_AccruedExpensesIncludedInGainLossOnSale_C47DDF48B2C82BF6DB0BE00B2869FA05" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accrued expenses included in gain (loss) on sale of MSRs, advances and match funded advances.</link:label>
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    <link:label id="lab_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F_terseLabel_en-US" xlink:label="lab_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sales price</link:label>
    <link:label id="lab_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F_label_en-US" xlink:label="lab_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales Price As Adjusted</link:label>
    <link:label id="lab_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F_documentation_en-US" xlink:label="lab_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total sale price of assets sold, net of the related assets assumed by the purchaser, including any post-closing adjustments to the price of assets sold or the carrying amount of liabilities assumed.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_SalesPriceAsAdjusted" xlink:label="loc_ocn_SalesPriceAsAdjusted_405C3F27219D3F8396D7E00B2869FB8F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_3CBE8320844F388E6510E00B2869A00A_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_3CBE8320844F388E6510E00B2869A00A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount due from purchaser at June 30</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_3CBE8320844F388E6510E00B2869A00A_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_3CBE8320844F388E6510E00B2869A00A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sales of Assets, Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSalesOfAssetsInvestingActivities" xlink:label="loc_us-gaap_ProceedsFromSalesOfAssetsInvestingActivities_3CBE8320844F388E6510E00B2869A00A" xlink:type="locator" />
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    <link:label id="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA_terseLabel_en-US" xlink:label="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount paid to purchasers for estimated representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and related indemnification obligations</link:label>
    <link:label id="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA_label_en-US" xlink:label="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Paid To Purchasers For Estimated Compensatory Fees Representation And Warranty Obligations</link:label>
    <link:label id="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA_documentation_en-US" xlink:label="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount paid to purchasers for estimated representation and warranty obligations, compensatory fees for foreclosures that may ultimately exceed investor timelines and related indemnification obligations.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations" xlink:label="loc_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA" xlink:to="lab_ocn_AmountPaidToPurchasersForEstimatedCompensatoryFeesRepresentationAndWarrantyObligations_3BB5AA2769D6CFDF1215E00B286932AA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_CAFE41904E1F12FD90B0E00B28699679_totalLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_CAFE41904E1F12FD90B0E00B28699679" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total net cash received</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_CAFE41904E1F12FD90B0E00B28699679_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_CAFE41904E1F12FD90B0E00B28699679" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_CAFE41904E1F12FD90B0E00B28699679" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_D4FF2061219BA585F0028A929003B121_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_D4FF2061219BA585F0028A929003B121" 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_D4FF2061219BA585F0028A929003B121_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_D4FF2061219BA585F0028A929003B121" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueTable_9FCB1FED379549BBFA6BD8CFBD504C15_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueTable_9FCB1FED379549BBFA6BD8CFBD504C15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Servicing Assets at Fair Value [Table]</link:label>
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis_8206B3813183533403BBD8CFBD5014D5_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis_8206B3813183533403BBD8CFBD5014D5" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesTypeAxis" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesTypeAxis_BC08A93CC8C1D867A3B9D8CFBD8A2B7F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves [Domain]</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesDomain" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339" xlink:to="lab_us-gaap_ValuationAllowancesAndReservesDomain_2BA7E090496255BCF9C5D8CFBD8A3339" xlink:type="arc" />
    <link:label id="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975_terseLabel_en-US" xlink:label="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation Allowance for Loans Held for Sale [Member]</link:label>
    <link:label id="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975_label_en-US" xlink:label="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowance for Loans Held for Sale [Member]</link:label>
    <link:label id="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975_documentation_en-US" xlink:label="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Valuation Allowance for Loans Held for Sale [Member]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ValuationAllowanceforLoansHeldforSaleMember" xlink:label="loc_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975" xlink:to="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_0E0554397B041357B375D8CFBD8A3975" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification Liability Obligations [Member]</link:label>
    <link:label id="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782_label_en-US" xlink:label="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Liability Obligations [Member]</link:label>
    <link:label id="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782_documentation_en-US" xlink:label="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Indemnification liability obligations.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_IndemnificationLiabilityObligationsMember" xlink:label="loc_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782" xlink:to="lab_ocn_IndemnificationLiabilityObligationsMember_2991302D644697EF5343D8CFBD8A6782" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_12AC80AE5F1CB8A576CED8CFBD8A9E21_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_12AC80AE5F1CB8A576CED8CFBD8A9E21" 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_12AC80AE5F1CB8A576CED8CFBD8A9E21_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_12AC80AE5F1CB8A576CED8CFBD8A9E21" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_12AC80AE5F1CB8A576CED8CFBD8A9E21" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_12AC80AE5F1CB8A576CED8CFBD8A9E21" xlink:to="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_12AC80AE5F1CB8A576CED8CFBD8A9E21" xlink:type="arc" />
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Valuation allowance</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves, Balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesBalance" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF" xlink:to="lab_us-gaap_ValuationAllowancesAndReservesBalance_354B570DDDE507506125D8CFBD8B83BF" xlink:type="arc" />
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reversal of valuation allowances</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves, Recoveries</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesRecoveries" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363" xlink:to="lab_us-gaap_ValuationAllowancesAndReservesRecoveries_A940ACBB32AE5F570395D8CFBD8BC363" xlink:type="arc" />
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_11C27839E9703322F4E7D8CFBD8BB8DE_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_11C27839E9703322F4E7D8CFBD8BB8DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in valuation allowance, adjustments</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_11C27839E9703322F4E7D8CFBD8BB8DE_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_11C27839E9703322F4E7D8CFBD8BB8DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Valuation Allowances and Reserves, Charged to Other Accounts</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_11C27839E9703322F4E7D8CFBD8BB8DE" xlink:type="locator" />
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    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_4AFBA50DC980621C6FACD8CFBD8B67FB_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_4AFBA50DC980621C6FACD8CFBD8B67FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at lower of cost or fair value</link:label>
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_926E5019891F8BBBB33A8A929017C624_verboseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_926E5019891F8BBBB33A8A929017C624" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Primary servicing UPB</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_926E5019891F8BBBB33A8A929017C624_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_926E5019891F8BBBB33A8A929017C624" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_926E5019891F8BBBB33A8A929017C624" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_4276FC60F62F65D067158A929073A499_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock_4276FC60F62F65D067158A929073A499" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_4276FC60F62F65D067158A929073A499_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock_4276FC60F62F65D067158A929073A499" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Disclosures [Text Block]</link:label>
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    <link:label id="lab_ocn_MatchFundedAdvancesTable_45F0900D745E7FBB598ADE2746173469_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_45F0900D745E7FBB598ADE2746173469" 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_45F0900D745E7FBB598ADE2746173469_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_45F0900D745E7FBB598ADE2746173469" 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_45F0900D745E7FBB598ADE2746173469_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_45F0900D745E7FBB598ADE2746173469" 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>
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    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_42B6EDAC71B524A4A12FDE274618F770_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_42B6EDAC71B524A4A12FDE274618F770" 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_42B6EDAC71B524A4A12FDE274618F770_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_42B6EDAC71B524A4A12FDE274618F770" 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_42B6EDAC71B524A4A12FDE274618F770_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_42B6EDAC71B524A4A12FDE274618F770" 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-20150630.xsd#ocn_MatchFundedAdvancesLineItems" xlink:label="loc_ocn_MatchFundedAdvancesLineItems_42B6EDAC71B524A4A12FDE274618F770" xlink:type="locator" />
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    <link:label id="lab_ocn_MatchFundedAdvancesRollForward_5D2A9E5D8DD6059790DBDE274618EBB9_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesRollForward_5D2A9E5D8DD6059790DBDE274618EBB9" 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_5D2A9E5D8DD6059790DBDE274618EBB9_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesRollForward_5D2A9E5D8DD6059790DBDE274618EBB9" 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_5D2A9E5D8DD6059790DBDE274618EBB9_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesRollForward_5D2A9E5D8DD6059790DBDE274618EBB9" 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-20150630.xsd#ocn_MatchFundedAdvancesRollForward" xlink:label="loc_ocn_MatchFundedAdvancesRollForward_5D2A9E5D8DD6059790DBDE274618EBB9" xlink:type="locator" />
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    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_CA0145E24B91ADE738A3DE27461844D5_periodStartLabel_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_CA0145E24B91ADE738A3DE27461844D5" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
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    <link:label id="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_40230DAC65DA0A5B6AD1DE274618E574_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesAcquiredDuringPeriod_40230DAC65DA0A5B6AD1DE274618E574" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Match Funded Advances, Acquired During Period</link:label>
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    <link:label id="lab_ocn_MatchFundedAdvancesCollections_B8F7E578BB0F53637EF0DE274618D3AB_negatedTerseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_B8F7E578BB0F53637EF0DE274618D3AB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Collections of pledged advances, net of new advances, and other</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesCollections_B8F7E578BB0F53637EF0DE274618D3AB_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_B8F7E578BB0F53637EF0DE274618D3AB" 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_B8F7E578BB0F53637EF0DE274618D3AB_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_B8F7E578BB0F53637EF0DE274618D3AB" 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-20150630.xsd#ocn_MatchFundedAdvancesCollections" xlink:label="loc_ocn_MatchFundedAdvancesCollections_B8F7E578BB0F53637EF0DE274618D3AB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CreditFacilityAxis_25882135FC8FAF5E17FCE00B279FF59A_label_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_25882135FC8FAF5E17FCE00B279FF59A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
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    <link:label id="lab_us-gaap_CreditFacilityDomain_3A750D7C313341DC221BE00B279F6C09_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_3A750D7C313341DC221BE00B279F6C09" 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_3A750D7C313341DC221BE00B279F6C09_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_3A750D7C313341DC221BE00B279F6C09" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_3A750D7C313341DC221BE00B279F6C09" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SeniorNotesMember_C358F1CC7D583995BB5AE00B279FC214_terseLabel_en-US" xlink:label="lab_us-gaap_SeniorNotesMember_C358F1CC7D583995BB5AE00B279FC214" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_us-gaap_SeniorNotesMember_C358F1CC7D583995BB5AE00B279FC214_label_en-US" xlink:label="lab_us-gaap_SeniorNotesMember_C358F1CC7D583995BB5AE00B279FC214" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Notes [Member]</link:label>
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    <link:label id="lab_us-gaap_UnsecuredDebtMember_F69B0E37CDBB9BD9AEABE00B27A0C882_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_F69B0E37CDBB9BD9AEABE00B27A0C882" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</link:label>
    <link:label id="lab_us-gaap_UnsecuredDebtMember_F69B0E37CDBB9BD9AEABE00B27A0C882_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_F69B0E37CDBB9BD9AEABE00B27A0C882" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_CC5DC02B5151CD799554E00B27A0AC5E_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_CC5DC02B5151CD799554E00B27A0AC5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Face amount</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtFairValueDisposals_5A536C8BC1EB5DBB2231DACA194C38EA_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueDisposals_5A536C8BC1EB5DBB2231DACA194C38EA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">MSR sales</link:label>
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    <link:label id="lab_ocn_NumberOfPerformingAgencyLoansHeldForSale_AA1E75209AC77B6EF8C1DACA194C2625_terseLabel_en-US" xlink:label="lab_ocn_NumberOfPerformingAgencyLoansHeldForSale_AA1E75209AC77B6EF8C1DACA194C2625" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of performing agency loans held for sale</link:label>
    <link:label id="lab_ocn_NumberOfPerformingAgencyLoansHeldForSale_AA1E75209AC77B6EF8C1DACA194C2625_label_en-US" xlink:label="lab_ocn_NumberOfPerformingAgencyLoansHeldForSale_AA1E75209AC77B6EF8C1DACA194C2625" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Performing Agency Loans Held For Sale</link:label>
    <link:label id="lab_ocn_NumberOfPerformingAgencyLoansHeldForSale_AA1E75209AC77B6EF8C1DACA194C2625_documentation_en-US" xlink:label="lab_ocn_NumberOfPerformingAgencyLoansHeldForSale_AA1E75209AC77B6EF8C1DACA194C2625" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of performing agency loans held for sale.</link:label>
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    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_CDB3D014E4DBCEDFDBDEDACA194C37A9_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_CDB3D014E4DBCEDFDBDEDACA194C37A9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of loans held for sale</link:label>
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    <link:label id="lab_ocn_CashPrePaymentsToSecureFutureObligations_5E7A4832828D914C9D9ADACA194CE264_terseLabel_en-US" xlink:label="lab_ocn_CashPrePaymentsToSecureFutureObligations_5E7A4832828D914C9D9ADACA194CE264" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash pre-payments to secure future obligations</link:label>
    <link:label id="lab_ocn_CashPrePaymentsToSecureFutureObligations_5E7A4832828D914C9D9ADACA194CE264_label_en-US" xlink:label="lab_ocn_CashPrePaymentsToSecureFutureObligations_5E7A4832828D914C9D9ADACA194CE264" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Pre-Payments To Secure Future Obligations</link:label>
    <link:label id="lab_ocn_CashPrePaymentsToSecureFutureObligations_5E7A4832828D914C9D9ADACA194CE264_documentation_en-US" xlink:label="lab_ocn_CashPrePaymentsToSecureFutureObligations_5E7A4832828D914C9D9ADACA194CE264" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents total cash prepayments to secure future obligations include repurchases, indemnifications and various fees.</link:label>
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    <link:label id="lab_us-gaap_EscrowDeposit_C84CB25F4C91AAA6B2D4DACA194C9243_terseLabel_en-US" xlink:label="lab_us-gaap_EscrowDeposit_C84CB25F4C91AAA6B2D4DACA194C9243" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Escrow deposit</link:label>
    <link:label id="lab_us-gaap_EscrowDeposit_C84CB25F4C91AAA6B2D4DACA194C9243_label_en-US" xlink:label="lab_us-gaap_EscrowDeposit_C84CB25F4C91AAA6B2D4DACA194C9243" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Escrow Deposit</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_EscrowDeposit_C84CB25F4C91AAA6B2D4DACA194C9243" xlink:to="lab_us-gaap_EscrowDeposit_C84CB25F4C91AAA6B2D4DACA194C9243" xlink:type="arc" />
    <link:label id="lab_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091_verboseLabel_en-US" xlink:label="lab_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">OASIS Series 2014-1 [Member]</link:label>
    <link:label id="lab_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091_label_en-US" xlink:label="lab_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OASIS Series 2014-1 [Member]</link:label>
    <link:label id="lab_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091_documentation_en-US" xlink:label="lab_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">OASIS Series 2014-1 [Member]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_OASISSeries20141Member" xlink:label="loc_ocn_OASISSeries20141Member_7F8E64E5A5F0EF5EBC3D8A928F000091" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis spread on UPB</link:label>
    <link:label id="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD_label_en-US" xlink:label="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Unpaid Principal Balance</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance" xlink:label="loc_ocn_DebtInstrumentBasisSpreadonUnpaidPrincipalBalance_ACEC801B2ADA614535B28A928F0195DD" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD_verboseLabel_en-US" xlink:label="lab_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Servicing revenue, reimbursement payable</link:label>
    <link:label id="lab_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD_label_en-US" xlink:label="lab_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Revenue, Reimbursement Payable</link:label>
    <link:label id="lab_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD_documentation_en-US" xlink:label="lab_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Revenue, Reimbursement Payable</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingRevenueReimbursementPayable" xlink:label="loc_ocn_ServicingRevenueReimbursementPayable_BB77751FFB752B2CBD21D5F65534C7BD" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_D72C9514B548B968F7E4D5F655343629_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_D72C9514B548B968F7E4D5F655343629" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) attributable to derivatives</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_D72C9514B548B968F7E4D5F655343629_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_D72C9514B548B968F7E4D5F655343629" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Derivatives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfDerivatives" xlink:label="loc_us-gaap_GainLossOnSaleOfDerivatives_D72C9514B548B968F7E4D5F655343629" xlink:type="locator" />
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    <link:label id="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_D5A83FDDCE8C1A637A9A8A92909FC713_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_D5A83FDDCE8C1A637A9A8A92909FC713" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Match Funded Advances on Residential Loans</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_D5A83FDDCE8C1A637A9A8A92909FC713_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_D5A83FDDCE8C1A637A9A8A92909FC713" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances On Residential Loans [Table Text Block]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_D5A83FDDCE8C1A637A9A8A92909FC713_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesOnResidentialLoansTableTextBlock_D5A83FDDCE8C1A637A9A8A92909FC713" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of match funded advances on residential loans serviced for others.</link:label>
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    <link:label id="lab_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_BE530AFFE3ADBDFCEA9E8A92909F3CE1_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofActivityInMatchFundedAdvancesTableTextBlock_BE530AFFE3ADBDFCEA9E8A92909F3CE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Activity In Match Funded Advances</link:label>
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    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_F06230CB9119259B62CB8A92902855CF_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueMSRsRetained_F06230CB9119259B62CB8A92902855CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at amortized cost</link:label>
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    <link:label id="lab_ocn_MortgageServicingRightsAtFairValue_D653ED72ED147EBFD82E8A929028A2E8_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsAtFairValue_D653ED72ED147EBFD82E8A929028A2E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at fair value</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_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_FEDD169CAD778C1A5E808A928FD71CCD" xlink:to="lab_us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock_FEDD169CAD778C1A5E808A928FD71CCD" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleOfLoansServicedByPropertyTypeTableTextBlock_A00AA337074188C21B408A928FD7A68D_terseLabel_en-US" xlink:label="lab_ocn_ScheduleOfLoansServicedByPropertyTypeTableTextBlock_A00AA337074188C21B408A928FD7A68D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Composition of Servicing and Subservicing Portfolios by Type of Property Serviced</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_ScheduleOfLoansServicedByPropertyTypeTableTextBlock" xlink:label="loc_ocn_ScheduleOfLoansServicedByPropertyTypeTableTextBlock_A00AA337074188C21B408A928FD7A68D" xlink:type="locator" />
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    <link:label id="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B_terseLabel_en-US" xlink:label="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B" 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>
    <link:label id="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B_label_en-US" xlink:label="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Servicing and Subservicing Fees [Table Text Block]</link:label>
    <link:label id="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B_documentation_en-US" xlink:label="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of fees generated during the reporting period for servicing subservicing of assets.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock" xlink:label="loc_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B" xlink:to="lab_ocn_ScheduleOfServicingAndSubservicingFeesTableTextBlock_AFD753EE4A0C216C1CD88A928FD7E83B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RelatedPartyTransactionAxis_80172CA866381C2E1BDDDA9C7B0029B0_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionAxis_80172CA866381C2E1BDDDA9C7B0029B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Axis]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionAxis_80172CA866381C2E1BDDDA9C7B0029B0_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionAxis_80172CA866381C2E1BDDDA9C7B0029B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="loc_us-gaap_RelatedPartyTransactionAxis_80172CA866381C2E1BDDDA9C7B0029B0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5_terseLabel_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Domain]</link:label>
    <link:label id="lab_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5_label_en-US" xlink:label="lab_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="loc_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5" xlink:to="lab_us-gaap_RelatedPartyTransactionDomain_30E7CAC95917B9AE6CDEDA9C7B00AFA5" xlink:type="arc" />
    <link:label id="lab_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E_terseLabel_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Homeward Acquisition [Member]</link:label>
    <link:label id="lab_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E_label_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E" 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_E0635C4C4791CD68B17CDA9C7B00174E_documentation_en-US" xlink:label="lab_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E" 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-20150630.xsd#ocn_HomewardAcquisitionMember" xlink:label="loc_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E" xlink:to="lab_ocn_HomewardAcquisitionMember_E0635C4C4791CD68B17CDA9C7B00174E" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F_negatedTerseLabel_en-US" xlink:label="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Servicing receivables, allowance for losses</link:label>
    <link:label id="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F_label_en-US" xlink:label="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivables, Allowance For Losses</link:label>
    <link:label id="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F_documentation_en-US" xlink:label="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivables, Allowance For Losses</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingReceivablesAllowanceForLosses" xlink:label="loc_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F" xlink:to="lab_ocn_ServicingReceivablesAllowanceForLosses_0D3CA65F34FBB9706C16DA9C7B00993F" xlink:type="arc" />
    <link:label id="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973_terseLabel_en-US" xlink:label="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for losses related to FHA or VA insured loans</link:label>
    <link:label id="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973_label_en-US" xlink:label="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Losses Related To FHA Or VA Insured Loans</link:label>
    <link:label id="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973_documentation_en-US" xlink:label="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance For Losses Related To FHA Or VA Insured Loans</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans" xlink:label="loc_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973" xlink:to="lab_ocn_AllowanceForLossesRelatedToFHAOrVAInsuredLoans_7160907D23E83FD7C1B7DA9C7B01F973" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Servicing receivables related to sales of MSRs</link:label>
    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27_label_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost, Disposals</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ServicingAssetAtAmortizedValueDisposals" xlink:label="loc_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27" xlink:to="lab_us-gaap_ServicingAssetAtAmortizedValueDisposals_7966EED789839C432156DA9C7B01CC27" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables, probable losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C_label_en-US" xlink:label="lab_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Receivables, Probable Losses</link:label>
    <link:label id="lab_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Receivables, Probable Losses</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_OtherReceivablesProbableLosses" xlink:label="loc_ocn_OtherReceivablesProbableLosses_EC8D4CEBFA8AC06C6C27DA9C7B01F95C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification claims received in cash</link:label>
    <link:label id="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3_label_en-US" xlink:label="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Receivable, Receipts</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts" xlink:label="loc_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3" xlink:to="lab_us-gaap_LossContingencyRelatedReceivableCarryingValueReceipts_99F97A4482BFD0275326DA9C7B019FA3" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_4E935DCFF77FB2F34CA98F9323B735F0_label_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract_4E935DCFF77FB2F34CA98F9323B735F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_15797BA0C60F9DF4879B8F9323B7253C_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount_15797BA0C60F9DF4879B8F9323B7253C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at fair value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_15797BA0C60F9DF4879B8F9323B7253C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_FB943FC4055242B842758F9323B75ADD_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_FB943FC4055242B842758F9323B75ADD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at fair value</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_D408DC6E2BBAF8F83D738F9323B854FB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LongTermDebtFairValue_111D06C3A5CCAE6ECD808F9F378AF451_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_111D06C3A5CCAE6ECD808F9F378AF451" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financing liabilities, at fair value</link:label>
    <link:label id="lab_us-gaap_LongTermDebtFairValue_111D06C3A5CCAE6ECD808F9F378AF451_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_111D06C3A5CCAE6ECD808F9F378AF451" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_111D06C3A5CCAE6ECD808F9F378AF451" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_3ACFCAC8A6ED0EB6E3538F9323B87BC7_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_3ACFCAC8A6ED0EB6E3538F9323B87BC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, par value (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_3ACFCAC8A6ED0EB6E3538F9323B87BC7_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_3ACFCAC8A6ED0EB6E3538F9323B87BC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</link:label>
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    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_CFAB2F93FB5BDD308FEC8F9323B85075_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_CFAB2F93FB5BDD308FEC8F9323B85075" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares Authorized</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_CFAB2F93FB5BDD308FEC8F9323B85075" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommonStockSharesIssued_E9BDD4B3111419E0742D8F9323B8E740_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_E9BDD4B3111419E0742D8F9323B8E740" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Issued</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_27C84E3BD5847DF5582B8F9323B827C1" xlink:type="locator" />
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    <link:label id="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_F2B36B10A4B05B914147E06B3902ED74_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_F2B36B10A4B05B914147E06B3902ED74" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase And Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_F2B36B10A4B05B914147E06B3902ED74_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_F2B36B10A4B05B914147E06B3902ED74" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase And Participation Agreement [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_F2B36B10A4B05B914147E06B3902ED74_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAndParticipationAgreementMember_F2B36B10A4B05B914147E06B3902ED74" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents master repurchase and participation agreements.</link:label>
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    <link:label id="lab_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C_terseLabel_en-US" xlink:label="lab_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance Funding Facility [Member]</link:label>
    <link:label id="lab_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C_label_en-US" xlink:label="lab_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Funding Facility [Member]</link:label>
    <link:label id="lab_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C_documentation_en-US" xlink:label="lab_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance funding facility.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AdvanceFundingFacilityMember" xlink:label="loc_ocn_AdvanceFundingFacilityMember_0B3BCA7195EFA26AAFF5E06B3902D41C" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingAdvanceFinancingFacilityMember_01F92EC9C2D596D07883E06B390298F8_terseLabel_en-US" xlink:label="lab_ocn_ServicingAdvanceFinancingFacilityMember_01F92EC9C2D596D07883E06B390298F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Advance Financing Facility [Member]</link:label>
    <link:label id="lab_ocn_ServicingAdvanceFinancingFacilityMember_01F92EC9C2D596D07883E06B390298F8_label_en-US" xlink:label="lab_ocn_ServicingAdvanceFinancingFacilityMember_01F92EC9C2D596D07883E06B390298F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Advance Financing Facility [Member]</link:label>
    <link:label id="lab_ocn_ServicingAdvanceFinancingFacilityMember_01F92EC9C2D596D07883E06B390298F8_documentation_en-US" xlink:label="lab_ocn_ServicingAdvanceFinancingFacilityMember_01F92EC9C2D596D07883E06B390298F8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing advance financing facility.</link:label>
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    <link:label id="lab_us-gaap_ProductInformationLineItems_D38F7A07B5B7E5B04DCAE06B390202E8_terseLabel_en-US" xlink:label="lab_us-gaap_ProductInformationLineItems_D38F7A07B5B7E5B04DCAE06B390202E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Description of Business and Basis of Presentation [Line Items]</link:label>
    <link:label id="lab_us-gaap_ProductInformationLineItems_D38F7A07B5B7E5B04DCAE06B390202E8_label_en-US" xlink:label="lab_us-gaap_ProductInformationLineItems_D38F7A07B5B7E5B04DCAE06B390202E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Product Information [Line Items]</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_0FAC6AA22339FE9CA342E06B390279E1_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_0FAC6AA22339FE9CA342E06B390279E1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Expected proceeds from sale of mortgage servicing rights</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentTerm_12A4B7C09E682FCE5D5CE06B3902720F_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTerm_12A4B7C09E682FCE5D5CE06B3902720F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of advance funding facility</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTerm_12A4B7C09E682FCE5D5CE06B3902720F_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTerm_12A4B7C09E682FCE5D5CE06B3902720F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Term</link:label>
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    <link:label id="lab_us-gaap_LineOfCredit_D8E91CDCDBC2FB6865E7E06B39026A51_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCredit_D8E91CDCDBC2FB6865E7E06B39026A51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of credit facility, amount outstanding</link:label>
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    <link:label id="lab_ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations_33162F6E42AEEA886D02E06B3902AEEC_label_en-US" xlink:label="lab_ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations_33162F6E42AEEA886D02E06B3902AEEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Agencies Communicated Material Sanction Suspension Or Prohibition In Connection With Seller Or Servicer Obligations</link:label>
    <link:label id="lab_ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations_33162F6E42AEEA886D02E06B3902AEEC_documentation_en-US" xlink:label="lab_ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations_33162F6E42AEEA886D02E06B3902AEEC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of agencies those communicated any material sanction, suspension or prohibition in connection with our seller/servicer obligations as a result of inability to provide audited financial statements for OLS, Homeward and Liberty within the required time frames.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations_33162F6E42AEEA886D02E06B3902AEEC" xlink:to="lab_ocn_NumberOfAgenciesCommunicatedMaterialSanctionSuspensionOrProhibitionInConnectionWithSellerOrServicerObligations_33162F6E42AEEA886D02E06B3902AEEC" xlink:type="arc" />
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    <link:label id="lab_ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_554A7953FE273FEE8198E06B3902B3F5_terseLabel_en-US" xlink:label="lab_ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_554A7953FE273FEE8198E06B3902B3F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of non-agency and whole loans servicing agreements with termination rights triggered</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered" xlink:label="loc_ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_554A7953FE273FEE8198E06B3902B3F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_554A7953FE273FEE8198E06B3902B3F5" xlink:to="lab_ocn_NumberOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_554A7953FE273FEE8198E06B3902B3F5" xlink:type="arc" />
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_49BE10AA87FA3537E367E06B39025BEB_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_49BE10AA87FA3537E367E06B39025BEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of non-agency and whole loans servicing agreements with termination rights triggered</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered" xlink:label="loc_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_49BE10AA87FA3537E367E06B39025BEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_49BE10AA87FA3537E367E06B39025BEB" xlink:to="lab_ocn_UnpaidPrincipalBalanceOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggered_49BE10AA87FA3537E367E06B39025BEB" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27" 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>
    <link:label id="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27_label_en-US" xlink:label="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27" xlink:role="http://www.xbrl.org/2003/role/label" 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:loc xlink:href="ocn-20150630.xsd#ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio" xlink:label="loc_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27" xlink:to="lab_ocn_PercentageOfNonAgencyAndWholeLoansServicingAgreementsWithTerminationRightsTriggeredOfServicingPortfolio_E244EA8F052BC5CC366BE06B39026C27" xlink:type="arc" />
    <link:label id="lab_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod_BA9DA659B61F5E07B063E06B3902248A_terseLabel_en-US" xlink:label="lab_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod_BA9DA659B61F5E07B063E06B3902248A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increased costs of financing to be compensated during any calendar month</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod" xlink:label="loc_ocn_IncreasedCostsOfFinancingAssociatedWithDowngradeOfServicerRatingToBeCompensatedDuringCalendarPeriod_BA9DA659B61F5E07B063E06B3902248A" xlink:type="locator" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAccruedLiabilitiesCurrent_6B1D88D3EECBF9F84FB8E06B3902C100" xlink:to="lab_us-gaap_OtherAccruedLiabilitiesCurrent_6B1D88D3EECBF9F84FB8E06B3902C100" xlink:type="arc" />
    <link:label id="lab_ocn_ExtendedTermAsNamedServicer_0D5C31D95029BE5198AAE06B390246F1_terseLabel_en-US" xlink:label="lab_ocn_ExtendedTermAsNamedServicer_0D5C31D95029BE5198AAE06B390246F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended term as named servicer</link:label>
    <link:label id="lab_ocn_ExtendedTermAsNamedServicer_0D5C31D95029BE5198AAE06B390246F1_label_en-US" xlink:label="lab_ocn_ExtendedTermAsNamedServicer_0D5C31D95029BE5198AAE06B390246F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extended Term As Named Servicer</link:label>
    <link:label id="lab_ocn_ExtendedTermAsNamedServicer_0D5C31D95029BE5198AAE06B390246F1_documentation_en-US" xlink:label="lab_ocn_ExtendedTermAsNamedServicer_0D5C31D95029BE5198AAE06B390246F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Extended term as a named servicer on loans for which rights to MSRs have been sold to HLSS.</link:label>
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    <link:label id="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641_terseLabel_en-US" xlink:label="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Standstill period to replace as named servicer</link:label>
    <link:label id="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641_label_en-US" xlink:label="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Standstill Period To Replace As Named Servicer</link:label>
    <link:label id="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641_documentation_en-US" xlink:label="lab_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Standstill period to replace the company as named servicer on the loans for which Rights to MSRs have been sold to HLSS.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_StandstillPeriodToReplaceAsNamedServicer" xlink:label="loc_ocn_StandstillPeriodToReplaceAsNamedServicer_583D1156F1CB540E86C4E06B3902F641" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revolving credit facility, remaining borrowing commitment</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Remaining Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC" xlink:to="lab_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_78260178163C215B7E8AE06B3902FAAC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssetsAbstract_2512D21252C5ACF81BEE8A928FF3E23F_label_en-US" xlink:label="lab_us-gaap_OtherAssetsAbstract_2512D21252C5ACF81BEE8A928FF3E23F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAssetsAbstract" xlink:label="loc_us-gaap_OtherAssetsAbstract_2512D21252C5ACF81BEE8A928FF3E23F" xlink:type="locator" />
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    <link:label id="lab_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722_terseLabel_en-US" xlink:label="lab_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Period required to remit collections on pledged advances</link:label>
    <link:label id="lab_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722_label_en-US" xlink:label="lab_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pledge Advance Remittance Period</link:label>
    <link:label id="lab_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722_documentation_en-US" xlink:label="lab_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pledge Advance Remittance Period</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_PledgeAdvanceRemittancePeriod" xlink:label="loc_ocn_PledgeAdvanceRemittancePeriod_3CFBC2FC4C33F78EDB968A928FF33722" xlink:type="locator" />
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    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F_terseLabel_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sales of loans</link:label>
    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F_label_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain On Sale Of Loans Including Value Assigned To MSRs Retained</link:label>
    <link:label id="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F_documentation_en-US" xlink:label="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F" 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-20150630.xsd#ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained" xlink:label="loc_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F" xlink:to="lab_ocn_GainOnSaleOfLoansIncludingValueAssignedToMSRsRetained_6CEF7AC7B7115CC82BE6D500C3EB988F" xlink:type="arc" />
    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037_terseLabel_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of IRLCs</link:label>
    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037_label_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain Loss On Interest Rate Derivative Instruments</link:label>
    <link:label id="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037_documentation_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_GainLossOnInterestRateDerivativeInstruments" xlink:label="loc_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037" xlink:to="lab_ocn_GainLossOnInterestRateDerivativeInstruments_8C62E746FBBEAEC505CFD500C3EB8037" xlink:type="arc" />
    <link:label id="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3_terseLabel_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3" 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_4ABD3F478FEDC5B71FAED500C3EBEAD3_label_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3" 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_4ABD3F478FEDC5B71FAED500C3EBEAD3_documentation_en-US" xlink:label="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ChangeInFairValueOfMortgageLoansHeldForSale" xlink:label="loc_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3" xlink:to="lab_ocn_ChangeInFairValueOfMortgageLoansHeldForSale_4ABD3F478FEDC5B71FAED500C3EBEAD3" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss (gain) on economic hedge instruments</link:label>
    <link:label id="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5_label_en-US" xlink:label="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Fair Value Hedges Recognized in Earnings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings" xlink:label="loc_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5" xlink:to="lab_us-gaap_GainLossOnFairValueHedgesRecognizedInEarnings_6BE2B7C6C6CC39C5ABEBD500C3EBCCE5" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_396B72426BDC355C5F2ED500C3EB018E_terseLabel_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_396B72426BDC355C5F2ED500C3EB018E" 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_396B72426BDC355C5F2ED500C3EB018E_label_en-US" xlink:label="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_396B72426BDC355C5F2ED500C3EB018E" 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>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainsLossesOnSalesOfOtherRealEstate" xlink:label="loc_us-gaap_GainsLossesOnSalesOfOtherRealEstate_396B72426BDC355C5F2ED500C3EB018E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainsLossesOnSalesOfOtherRealEstate_396B72426BDC355C5F2ED500C3EB018E" xlink:to="lab_us-gaap_GainsLossesOnSalesOfOtherRealEstate_396B72426BDC355C5F2ED500C3EB018E" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47_totalLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47" 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>
    <link:label id="lab_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47_label_en-US" xlink:label="lab_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSalesOfLoansNet" xlink:label="loc_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47" xlink:to="lab_us-gaap_GainLossOnSalesOfLoansNet_BF7E7A5B04E49CBBB531D500C3EB4C47" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings</link:label>
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD" xlink:to="lab_us-gaap_DebtDisclosureTextBlock_98F2E39EDFBB2D145F478A928E0BCEDD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetsAtAmortizedValueTable_36F6DCCFF1F1F81A24DD8A92904AFA48_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtAmortizedValueTable_36F6DCCFF1F1F81A24DD8A92904AFA48" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost [Table]</link:label>
    <link:label id="lab_us-gaap_ServicingAssetsAtAmortizedValueTable_36F6DCCFF1F1F81A24DD8A92904AFA48_label_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtAmortizedValueTable_36F6DCCFF1F1F81A24DD8A92904AFA48" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset at Amortized Cost [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ServicingAssetsAtAmortizedValueTable" xlink:label="loc_us-gaap_ServicingAssetsAtAmortizedValueTable_36F6DCCFF1F1F81A24DD8A92904AFA48" xlink:type="locator" />
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    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfSmallBalanceCommercialLoansServiced_C2A3972EBBF67B83CEC38A92904B23DE_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfSmallBalanceCommercialLoansServiced_C2A3972EBBF67B83CEC38A92904B23DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of small balance commercial loans serviced</link:label>
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    <link:label id="lab_us-gaap_FairValueDisclosureOffbalanceSheetRisksAmountAsset_89599A4EFE844EE467EE8A92904BE7C9_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureOffbalanceSheetRisksAmountAsset_89599A4EFE844EE467EE8A92904BE7C9" 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_AssetSalesAndFinancingTextBlock_740DF29FCB92E5AF03528A928E352CA4_verboseLabel_en-US" xlink:label="lab_ocn_AssetSalesAndFinancingTextBlock_740DF29FCB92E5AF03528A928E352CA4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sales of Advances and MSRs</link:label>
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    <link:label id="lab_us-gaap_PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue_FAEE05711CB24FEA1A19D0821DB23548_terseLabel_en-US" xlink:label="lab_us-gaap_PledgedAssetsSeparatelyReportedLoansPledgedForRepurchaseAgreementsAtFairValue_FAEE05711CB24FEA1A19D0821DB23548" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent loan repurchase asset</link:label>
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    <link:label id="lab_us-gaap_DeferredFinanceCostsNet_2E1CE743BCB0D3ACD184D0821DB2C1C3_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredFinanceCostsNet_2E1CE743BCB0D3ACD184D0821DB2C1C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid lender fees and debt issuance costs, net</link:label>
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    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_84648E1ACE4ECE2348D2D61A2E0E69A2_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_84648E1ACE4ECE2348D2D61A2E0E69A2" 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_84648E1ACE4ECE2348D2D61A2E0E69A2_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_84648E1ACE4ECE2348D2D61A2E0E69A2" 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-20150630.xsd#ocn_ContractuallySpecifiedSubservicingFeesAmount" xlink:label="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_84648E1ACE4ECE2348D2D61A2E0E69A2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_84648E1ACE4ECE2348D2D61A2E0E69A2" xlink:to="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_84648E1ACE4ECE2348D2D61A2E0E69A2" xlink:type="arc" />
    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768_totalLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768" 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_7C5AF8FFC3469B2F14C0D61A2E0EA768_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768" 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_7C5AF8FFC3469B2F14C0D61A2E0EA768_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768" 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-20150630.xsd#ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal" xlink:label="loc_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768" xlink:to="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_7C5AF8FFC3469B2F14C0D61A2E0EA768" xlink:type="arc" />
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345_terseLabel_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345" 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_143A87BF8B3047AF0F19D61A2E0EB345_label_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345" 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_143A87BF8B3047AF0F19D61A2E0EB345_documentation_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345" 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-20150630.xsd#ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345" xlink:to="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_143A87BF8B3047AF0F19D61A2E0EB345" xlink:type="arc" />
    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_F70370B8BA753CAD9853D61A2E0E5F9F_terseLabel_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_F70370B8BA753CAD9853D61A2E0E5F9F" 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_F70370B8BA753CAD9853D61A2E0E5F9F_label_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_F70370B8BA753CAD9853D61A2E0E5F9F" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_F70370B8BA753CAD9853D61A2E0E5F9F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_F70370B8BA753CAD9853D61A2E0E5F9F" xlink:to="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_F70370B8BA753CAD9853D61A2E0E5F9F" xlink:type="arc" />
    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB_terseLabel_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB" 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_EBCA7AD7191BC6B7DC31D61A2E0E71EB_label_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB" 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_EBCA7AD7191BC6B7DC31D61A2E0E71EB_documentation_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB" 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-20150630.xsd#ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB" xlink:to="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_EBCA7AD7191BC6B7DC31D61A2E0E71EB" xlink:type="arc" />
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0_terseLabel_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0" 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_5DD07EC1DAA563A2AE0ED61A2E0F28D0_label_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0" 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_5DD07EC1DAA563A2AE0ED61A2E0F28D0_documentation_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0" 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-20150630.xsd#ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0" xlink:to="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_5DD07EC1DAA563A2AE0ED61A2E0F28D0" xlink:type="arc" />
    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_0258B22A84FC9D20097DD61A2E0FF649_terseLabel_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_0258B22A84FC9D20097DD61A2E0FF649" 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_0258B22A84FC9D20097DD61A2E0FF649_label_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_0258B22A84FC9D20097DD61A2E0FF649" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_0258B22A84FC9D20097DD61A2E0FF649" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_0258B22A84FC9D20097DD61A2E0FF649" xlink:to="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_0258B22A84FC9D20097DD61A2E0FF649" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_A4B08AB1A9DF163DD363D61A2E0FB2DE_totalLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_A4B08AB1A9DF163DD363D61A2E0FB2DE" 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_A4B08AB1A9DF163DD363D61A2E0FB2DE_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_A4B08AB1A9DF163DD363D61A2E0FB2DE" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_A4B08AB1A9DF163DD363D61A2E0FB2DE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_A4B08AB1A9DF163DD363D61A2E0FB2DE" xlink:to="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_A4B08AB1A9DF163DD363D61A2E0FB2DE" xlink:type="arc" />
    <link:label id="lab_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5_label_en-US" xlink:label="lab_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances [Abstract]</link:label>
    <link:label id="lab_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5_documentation_en-US" xlink:label="lab_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances [Abstract]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AdvancesAbstract" xlink:label="loc_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5" xlink:to="lab_ocn_AdvancesAbstract_4155C71AF96169DA1C378A92904F3BE5" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72_terseLabel_en-US" xlink:label="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72_label_en-US" xlink:label="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Payments by Borrowers for Taxes and Insurance Summary [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary" xlink:label="loc_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72" xlink:to="lab_us-gaap_AdvancePaymentsByBorrowersForTaxesAndInsuranceSummary_29C34C44E5B96AC0BDB78A92904F9F72" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitizations and Variable Interest Entities</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7" xlink:to="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_2C5AE9040BE01FB0DABE8A92902506C7" xlink:type="arc" />
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basis of Presentation</link:label>
    <link:label id="lab_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315_label_en-US" xlink:label="lab_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation, Policy [Policy Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315" xlink:to="lab_us-gaap_ConsolidationPolicyTextBlock_CC7FEA6E97BB76703992DE22DF59C315" xlink:type="arc" />
    <link:label id="lab_us-gaap_PriorPeriodReclassificationAdjustmentDescription_F3346F90EC7F2860D63BDE22DF590878_terseLabel_en-US" xlink:label="lab_us-gaap_PriorPeriodReclassificationAdjustmentDescription_F3346F90EC7F2860D63BDE22DF590878" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassifications</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_74C66BE6AB3AC1496B36D61A2E683963_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_74C66BE6AB3AC1496B36D61A2E683963" 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_74C66BE6AB3AC1496B36D61A2E683963_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_74C66BE6AB3AC1496B36D61A2E683963" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1" xlink:label="loc_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_74C66BE6AB3AC1496B36D61A2E683963" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_03987EF132F181F24D24D61A2E68D1B9_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_03987EF132F181F24D24D61A2E68D1B9" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transfers to loans held for investment - reverse mortgages</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_03987EF132F181F24D24D61A2E68D1B9_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_03987EF132F181F24D24D61A2E68D1B9" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale" xlink:label="loc_us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale_03987EF132F181F24D24D61A2E68D1B9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfMortgageLoans_59928FCF9E5A73871B6ED61A2E68B9F3_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfMortgageLoans_59928FCF9E5A73871B6ED61A2E68B9F3" 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_us-gaap_GainLossOnSaleOfMortgageLoans_59928FCF9E5A73871B6ED61A2E68B9F3_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfMortgageLoans_59928FCF9E5A73871B6ED61A2E68B9F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Mortgage Loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_GainLossOnSaleOfMortgageLoans" xlink:label="loc_us-gaap_GainLossOnSaleOfMortgageLoans_59928FCF9E5A73871B6ED61A2E68B9F3" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F_label_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Adjustment Mortgage Loans Held For Sale</link:label>
    <link:label id="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F_documentation_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of addition or reductions in principal on mortgage loans held for sale other than foreclosures, costs of mortgages sold, and amortization of premium during the reporting period.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_OtherAdjustmentMortgageLoansHeldForSale" xlink:label="loc_ocn_OtherAdjustmentMortgageLoansHeldForSale_D6A4A90903186AD5FE2FD61A2E68AA9F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_4A4EEA45DEEE3F3C4C87D61A2E68D0F9_periodEndLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_4A4EEA45DEEE3F3C4C87D61A2E68D0F9" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_4A4EEA45DEEE3F3C4C87D61A2E68D0F9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_4A4EEA45DEEE3F3C4C87D61A2E68D0F9" xlink:to="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_4A4EEA45DEEE3F3C4C87D61A2E68D0F9" xlink:type="arc" />
    <link:label id="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8_terseLabel_en-US" xlink:label="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital requirement, unpaid principal balance</link:label>
    <link:label id="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8_label_en-US" xlink:label="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Requirement, Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8_documentation_en-US" xlink:label="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital Requirement, Unpaid Principal Balance</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_CapitalRequirementUnpaidPrincipalBalance" xlink:label="loc_ocn_CapitalRequirementUnpaidPrincipalBalance_57A1C400DD59FEFC4F668A928DE3F9A8" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615_terseLabel_en-US" xlink:label="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days from fiscal year end that servicer is obliged to provide audited financial statements</link:label>
    <link:label id="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615_label_en-US" xlink:label="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Days From Fiscal Year End That Servicer Is Obliged To Provide Audited Financial Statements</link:label>
    <link:label id="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615_documentation_en-US" xlink:label="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of days from fiscal year end that servicer is obliged to provide audited financial statements.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements" xlink:label="loc_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_EA296DC0116D4DE8EC7F8A928DE3D615" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsAbstract_F102E488EF35D0579D6FD50082CA52B8_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_F102E488EF35D0579D6FD50082CA52B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_F102E488EF35D0579D6FD50082CA52B8_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_F102E488EF35D0579D6FD50082CA52B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_F102E488EF35D0579D6FD50082CA52B8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_Cash_C67D7A442965D9DA671FD50082CB0591_terseLabel_en-US" xlink:label="lab_us-gaap_Cash_C67D7A442965D9DA671FD50082CB0591" 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_C67D7A442965D9DA671FD50082CB0591_label_en-US" xlink:label="lab_us-gaap_Cash_C67D7A442965D9DA671FD50082CB0591" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Cash" xlink:label="loc_us-gaap_Cash_C67D7A442965D9DA671FD50082CB0591" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Cash_C67D7A442965D9DA671FD50082CB0591" xlink:to="lab_us-gaap_Cash_C67D7A442965D9DA671FD50082CB0591" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAsset_8A56194CEEF682E213E2D50082CB6255_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset_8A56194CEEF682E213E2D50082CB6255" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights ($814,450 and $93,901 carried at fair value)</link:label>
    <link:label id="lab_us-gaap_ServicingAsset_8A56194CEEF682E213E2D50082CB6255_label_en-US" xlink:label="lab_us-gaap_ServicingAsset_8A56194CEEF682E213E2D50082CB6255" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ServicingAsset" xlink:label="loc_us-gaap_ServicingAsset_8A56194CEEF682E213E2D50082CB6255" xlink:type="locator" />
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    <link:label id="lab_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB_terseLabel_en-US" xlink:label="lab_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB_label_en-US" xlink:label="lab_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB" 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_4AE6DC1505C18EF618B3D50082CBDECB_documentation_en-US" xlink:label="lab_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_Advances" xlink:label="loc_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB" xlink:to="lab_ocn_Advances_4AE6DC1505C18EF618B3D50082CBDECB" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76" 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_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76" 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</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_1EB371159FB8DF09B9D6D50082CB4C76" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansHeldForSaleMortgages_83BD58D2D07D71C75D38D50082CBF311_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMortgages_83BD58D2D07D71C75D38D50082CBF311" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale ($276,581 and $401,120 carried at fair value)</link:label>
    <link:label id="lab_us-gaap_LoansHeldForSaleMortgages_83BD58D2D07D71C75D38D50082CBF311_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMortgages_83BD58D2D07D71C75D38D50082CBF311" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal Group, Including Discontinued Operation, Mortgage Loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansHeldForSaleMortgages" xlink:label="loc_us-gaap_LoansHeldForSaleMortgages_83BD58D2D07D71C75D38D50082CBF311" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredTaxAssetsNet_8A9FF33570451481EE8ED50082CC2E09_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet_8A9FF33570451481EE8ED50082CC2E09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Assets, Net of Valuation Allowance</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_661EC959AB84FF4040E3D50082CC7A39_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_661EC959AB84FF4040E3D50082CC7A39" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Gross</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServiceRightsAmortizedCost_EDBC0FA632010B7281B0D5F65544145D" xlink:to="lab_ocn_MortgageServiceRightsAmortizedCost_EDBC0FA632010B7281B0D5F65544145D" xlink:type="arc" />
    <link:label id="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC_terseLabel_en-US" xlink:label="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC_label_en-US" xlink:label="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Agency Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC_documentation_en-US" xlink:label="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non agency mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_NonAgencyMortgageServicingRightsMember" xlink:label="loc_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC" xlink:to="lab_ocn_NonAgencyMortgageServicingRightsMember_341EF63E313FAAF88153D3964111BABC" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_F1F0A0A6B96525FA0A02D3964112CD3E_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_F1F0A0A6B96525FA0A02D3964112CD3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value measurement of non-agency MSRs, cumulative-effect on retained earnings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_F1F0A0A6B96525FA0A02D3964112CD3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_F1F0A0A6B96525FA0A02D3964112CD3E" xlink:to="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_F1F0A0A6B96525FA0A02D3964112CD3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Taxes and Tax Credits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DeferredIncomeTaxesAndTaxCredits" xlink:label="loc_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A" xlink:to="lab_us-gaap_DeferredIncomeTaxesAndTaxCredits_0409BB169978E9C5C09ED3964112824A" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A_verboseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of MSRs</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Carrying Amount of Mortgages</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A" xlink:to="lab_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_37443A50631A1D679118D3964112D36A" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D" 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_2320D560E5E18EFE5CC0D396400B999D_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D" 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_2320D560E5E18EFE5CC0D396400B999D_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D" 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-20150630.xsd#ocn_IndemnificationObligationsLiabilityRollForward" xlink:label="loc_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D" xlink:to="lab_ocn_IndemnificationObligationsLiabilityRollForward_2320D560E5E18EFE5CC0D396400B999D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3_periodStartLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3" 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_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3" 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_D9C756CDFD150D125A50D396400B13F3_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3" 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-20150630.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3" xlink:to="lab_ocn_IndemnificationObligationsLiability_D9C756CDFD150D125A50D396400B13F3" xlink:type="arc" />
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D_terseLabel_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for representation and warranty obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D_label_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D" 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_7D62AEBCEC5AE529D7B8D396400C968D_documentation_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D" 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-20150630.xsd#ocn_ProvisionForRepresentationAndWarrantyObligations" xlink:label="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D" xlink:to="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_7D62AEBCEC5AE529D7B8D396400C968D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651" 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_38EEFB31077687525548D3964011D651_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651" 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_38EEFB31077687525548D3964011D651_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651" 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-20150630.xsd#ocn_IndemnificationObligationsLiabilityReserves" xlink:label="loc_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651" xlink:to="lab_ocn_IndemnificationObligationsLiabilityReserves_38EEFB31077687525548D3964011D651" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962_negatedTerseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962" 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_26815AA1C1D5151D3F0BD3964012E962_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962" 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_26815AA1C1D5151D3F0BD3964012E962_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962" 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-20150630.xsd#ocn_IndemnificationObligationsLiabilityChargeOffs" xlink:label="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962" xlink:to="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_26815AA1C1D5151D3F0BD3964012E962" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiability_9B358C0390551C60D634D3964012452D_periodEndLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_9B358C0390551C60D634D3964012452D" 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-20150630.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_9B358C0390551C60D634D3964012452D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiability_9B358C0390551C60D634D3964012452D" xlink:to="lab_ocn_IndemnificationObligationsLiability_9B358C0390551C60D634D3964012452D" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA_terseLabel_en-US" xlink:label="lab_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA" 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_44584C07E097D16DE47EC08D8C32C4BA_label_en-US" xlink:label="lab_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA" 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_44584C07E097D16DE47EC08D8C32C4BA_documentation_en-US" xlink:label="lab_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA" 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-20150630.xsd#ocn_ServicingMember" xlink:label="loc_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA" xlink:to="lab_ocn_ServicingMember_44584C07E097D16DE47EC08D8C32C4BA" xlink:type="arc" />
    <link:label id="lab_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8_terseLabel_en-US" xlink:label="lab_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8" 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_1D5D51ABCA03F1E983C0C08D8C32B9A8_label_en-US" xlink:label="lab_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8" 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_1D5D51ABCA03F1E983C0C08D8C32B9A8_documentation_en-US" xlink:label="lab_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8" 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-20150630.xsd#ocn_LendingMember" xlink:label="loc_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8" xlink:to="lab_ocn_LendingMember_1D5D51ABCA03F1E983C0C08D8C32B9A8" xlink:type="arc" />
    <link:label id="lab_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18_verboseLabel_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Corporate Items and Other [Member]</link:label>
    <link:label id="lab_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18_label_en-US" xlink:label="lab_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate and Other [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="loc_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18" xlink:to="lab_us-gaap_CorporateAndOtherMember_FB64658DC3D419305E7EC08D8C32BB18" xlink:type="arc" />
    <link:label id="lab_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF_terseLabel_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate Eliminations [Member]</link:label>
    <link:label id="lab_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF_label_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment Eliminations [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="loc_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF" xlink:to="lab_us-gaap_IntersegmentEliminationMember_7ECC0747BDAAE1CE0F26C08D8C32DECF" xlink:type="arc" />
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    <link:label id="lab_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930_label_en-US" xlink:label="lab_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Results of Operations [Abstract]</link:label>
    <link:label id="lab_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930_documentation_en-US" xlink:label="lab_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930" 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-20150630.xsd#ocn_ResultsOfOperationsAbstract" xlink:label="loc_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930" xlink:to="lab_ocn_ResultsOfOperationsAbstract_9D9D5DDD69497421048CC08D8C328930" xlink:type="arc" />
    <link:label id="lab_us-gaap_Revenues_9BC0474F150FF2E6805EC08D8C32DE4F_terseLabel_en-US" xlink:label="lab_us-gaap_Revenues_9BC0474F150FF2E6805EC08D8C32DE4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_us-gaap_Revenues_9BC0474F150FF2E6805EC08D8C32DE4F_label_en-US" xlink:label="lab_us-gaap_Revenues_9BC0474F150FF2E6805EC08D8C32DE4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_9BC0474F150FF2E6805EC08D8C32DE4F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3_terseLabel_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expenses</link:label>
    <link:label id="lab_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3_label_en-US" xlink:label="lab_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costs and Expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3" xlink:to="lab_us-gaap_CostsAndExpenses_F599B78FA9BA282C8C5DC08D8C32FBF3" xlink:type="arc" />
    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41_terseLabel_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income (expense):</link:label>
    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41_label_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income (expense): [Abstract]</link:label>
    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41_documentation_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41" 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-20150630.xsd#ocn_OtherIncomeExpenseAbstract0" xlink:label="loc_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41" xlink:to="lab_ocn_OtherIncomeExpenseAbstract0_634129365846D812E15BC08D8C329B41" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestIncomeOperating_7C36ED7DCA9B7721F90AC08D8C3379DA_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOperating_7C36ED7DCA9B7721F90AC08D8C3379DA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label id="lab_us-gaap_InterestIncomeOperating_7C36ED7DCA9B7721F90AC08D8C3379DA_label_en-US" xlink:label="lab_us-gaap_InterestIncomeOperating_7C36ED7DCA9B7721F90AC08D8C3379DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income, Operating</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="loc_us-gaap_InterestIncomeOperating_7C36ED7DCA9B7721F90AC08D8C3379DA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestExpense_48712C28B596C278F443C08D8C33D156_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_48712C28B596C278F443C08D8C33D156" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_48712C28B596C278F443C08D8C33D156" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense_48712C28B596C278F443C08D8C33D156" xlink:to="lab_us-gaap_InterestExpense_48712C28B596C278F443C08D8C33D156" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8" 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_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income (Expense)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8" xlink:to="lab_us-gaap_OtherNoncashIncomeExpense_38C16B520896A85927C9C08D8C3361C8" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherOperatingIncomeExpenseNet_6795A862278D2C8BB884C08D8C3347A8_totalLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingIncomeExpenseNet_6795A862278D2C8BB884C08D8C3347A8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other income (expense), net</link:label>
    <link:label id="lab_us-gaap_OtherOperatingIncomeExpenseNet_6795A862278D2C8BB884C08D8C3347A8_label_en-US" xlink:label="lab_us-gaap_OtherOperatingIncomeExpenseNet_6795A862278D2C8BB884C08D8C3347A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Income (Expense), Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet" xlink:label="loc_us-gaap_OtherOperatingIncomeExpenseNet_6795A862278D2C8BB884C08D8C3347A8" xlink:type="locator" />
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    <link:label id="lab_ocn_TotalAssetsAbstract_D339009BAAC304801471C08D8C335729_terseLabel_en-US" xlink:label="lab_ocn_TotalAssetsAbstract_D339009BAAC304801471C08D8C335729" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
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    <link:label id="lab_us-gaap_Assets_634E0CA19E93A8EBC7D5C08D8C3334E0_terseLabel_en-US" xlink:label="lab_us-gaap_Assets_634E0CA19E93A8EBC7D5C08D8C3334E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
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    <link:label id="lab_ocn_UnrelatedPartyMember_DBA9FD2AC54679ED15CAD8CFBD828F90_terseLabel_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_DBA9FD2AC54679ED15CAD8CFBD828F90" 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_DBA9FD2AC54679ED15CAD8CFBD828F90_label_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_DBA9FD2AC54679ED15CAD8CFBD828F90" 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_DBA9FD2AC54679ED15CAD8CFBD828F90_documentation_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_DBA9FD2AC54679ED15CAD8CFBD828F90" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unrelated party.</link:label>
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    <link:label id="lab_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD_terseLabel_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HLSS Mortgage LP [Member]</link:label>
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD_label_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Loan Servicing Solutions Mortgage LP [Member]</link:label>
    <link:label id="lab_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD_documentation_en-US" xlink:label="lab_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Home Loan Servicing Solutions Mortgage LP.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_HomeLoanServicingSolutionsMortgageLPMember" xlink:label="loc_ocn_HomeLoanServicingSolutionsMortgageLPMember_453C86111DEA00A7FD25D9EF8A0FE0AD" xlink:type="locator" />
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    <link:label id="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0_terseLabel_en-US" xlink:label="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">HLSS SEZ LP [Member]</link:label>
    <link:label id="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0_label_en-US" xlink:label="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">HLSS SEZ LP [Member]</link:label>
    <link:label id="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0_documentation_en-US" xlink:label="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">HLSS SEZ LP [Member]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_HLSSSEZLPMember" xlink:label="loc_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0" xlink:to="lab_ocn_HLSSSEZLPMember_1A7CAE38EFFEFCABDDB3D8CFBD8177A0" xlink:type="arc" />
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200_terseLabel_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200" 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_05553D396EB03100677FD8CFBD81A200_label_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200" 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_05553D396EB03100677FD8CFBD81A200_documentation_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200" 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-20150630.xsd#ocn_DelinquentFHAInsuredLoansMember" xlink:label="loc_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200" xlink:to="lab_ocn_DelinquentFHAInsuredLoansMember_05553D396EB03100677FD8CFBD81A200" xlink:type="arc" />
    <link:label id="lab_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269_terseLabel_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269" 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_FAED930C906C38331395D8CFBD81A269_label_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269" 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_FAED930C906C38331395D8CFBD81A269_documentation_en-US" xlink:label="lab_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269" 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-20150630.xsd#ocn_FHABuyoutLoansMember" xlink:label="loc_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269" xlink:to="lab_ocn_FHABuyoutLoansMember_FAED930C906C38331395D8CFBD81A269" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A_terseLabel_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A" 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_8A5D672C41FB20B1F815D8CFBD81601A_label_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A" 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_8A5D672C41FB20B1F815D8CFBD81601A_documentation_en-US" xlink:label="lab_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A" 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-20150630.xsd#ocn_ServicingAdvancesMember" xlink:label="loc_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A" xlink:to="lab_ocn_ServicingAdvancesMember_8A5D672C41FB20B1F815D8CFBD81601A" xlink:type="arc" />
    <link:label id="lab_us-gaap_LineOfCreditMember_D45B82FF8BC0A1088E0BD8CFBD801BB2_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_D45B82FF8BC0A1088E0BD8CFBD801BB2" 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_D45B82FF8BC0A1088E0BD8CFBD801BB2_label_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_D45B82FF8BC0A1088E0BD8CFBD801BB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_D45B82FF8BC0A1088E0BD8CFBD801BB2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditMember_D45B82FF8BC0A1088E0BD8CFBD801BB2" xlink:to="lab_us-gaap_LineOfCreditMember_D45B82FF8BC0A1088E0BD8CFBD801BB2" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collateral</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA" xlink:to="lab_us-gaap_DebtInstrumentCollateralAmount_259D6730D2C21E0F6CDAD8CFBD82FFEA" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance</link:label>
    <link:label id="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2_label_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2" 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_C528C4E8881BDE725354D8CFBD82D3F2_documentation_en-US" xlink:label="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2" 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-20150630.xsd#ocn_LoansHeldforSaleUnpaidPrincipalBalance" xlink:label="loc_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2" xlink:to="lab_ocn_LoansHeldforSaleUnpaidPrincipalBalance_C528C4E8881BDE725354D8CFBD82D3F2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of loans held-for-sale</link:label>
    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530" xlink:to="lab_us-gaap_ProceedsFromSaleOfLoansHeldForSale_4739D781E7F52AA21A80D8CFBD826530" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB_terseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payments to purchase delinquent FHA-insured loans</link:label>
    <link:label id="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB_label_en-US" xlink:label="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToPurchaseLoansHeldForSale" xlink:label="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB" xlink:to="lab_us-gaap_PaymentsToPurchaseLoansHeldForSale_8662BB72B34186842C87D8CFBD823EEB" xlink:type="arc" />
    <link:label id="lab_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591_terseLabel_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591" 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_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591_label_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591" 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_2C1E009F0B6D9FFDB5A2D8CFBD825591_documentation_en-US" xlink:label="lab_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591" 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-20150630.xsd#ocn_GainOnLoansHeldForSaleNet" xlink:label="loc_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591" xlink:to="lab_ocn_GainOnLoansHeldForSaleNet_2C1E009F0B6D9FFDB5A2D8CFBD825591" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6" 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_050E052BEAF437CE0A0BD8CFBD82C6E6_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6" 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_050E052BEAF437CE0A0BD8CFBD82C6E6_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds From Sale of Advances</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ProceedsFromSaleofAdvances" xlink:label="loc_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6" xlink:to="lab_ocn_ProceedsFromSaleofAdvances_050E052BEAF437CE0A0BD8CFBD82C6E6" xlink:type="arc" />
    <link:label id="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF_terseLabel_en-US" xlink:label="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sales of reverse mortgage loans</link:label>
    <link:label id="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF_label_en-US" xlink:label="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on Sales of Reverse Mortgage Loans</link:label>
    <link:label id="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF_documentation_en-US" xlink:label="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain on Sales of Reverse Mortgage Loans</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_GainonSalesofReverseMortgageLoans" xlink:label="loc_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF" xlink:to="lab_ocn_GainonSalesofReverseMortgageLoans_675F206C1129C78C89E9D8CFBD8216BF" xlink:type="arc" />
    <link:label id="lab_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469_terseLabel_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469" 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_555301836E4F4D788776D6581149A469_label_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469" 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_555301836E4F4D788776D6581149A469_documentation_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469" 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-20150630.xsd#ocn_RepurchaseAgreementMember" xlink:label="loc_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469" xlink:to="lab_ocn_RepurchaseAgreementMember_555301836E4F4D788776D6581149A469" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D" 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_CBEB26B51DAC07B15732D658114A5B6D_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D" 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_CBEB26B51DAC07B15732D658114A5B6D_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D" 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-20150630.xsd#ocn_MasterRepurchaseAgreementMember" xlink:label="loc_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D" xlink:to="lab_ocn_MasterRepurchaseAgreementMember_CBEB26B51DAC07B15732D658114A5B6D" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445" 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_8034D1D6D0C55331605AD658114AA445_label_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445" 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_8034D1D6D0C55331605AD658114AA445_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445" 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-20150630.xsd#ocn_ParticipationAgreementMember" xlink:label="loc_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445" xlink:to="lab_ocn_ParticipationAgreementMember_8034D1D6D0C55331605AD658114AA445" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78" 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_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78_label_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participation Agreement Two [Member]</link:label>
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Participation Agreement Two [Member]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ParticipationAgreementTwoMember" xlink:label="loc_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78" xlink:to="lab_ocn_ParticipationAgreementTwoMember_BF5B97E72CAAE7935E4FD658114AAD78" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF" 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_ACAC2517E684FAFCCF77D658114A31CF_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF" 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_ACAC2517E684FAFCCF77D658114A31CF_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF" 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-20150630.xsd#ocn_MasterRepurchaseAgreementTwoMember" xlink:label="loc_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF" xlink:to="lab_ocn_MasterRepurchaseAgreementTwoMember_ACAC2517E684FAFCCF77D658114A31CF" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4" 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_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Three [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Three [Member]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_MasterRepurchaseAgreementThreeMember" xlink:label="loc_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4" xlink:to="lab_ocn_MasterRepurchaseAgreementThreeMember_05D34FAB56FC590EFD30D658114A52F4" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3_terseLabel_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3" 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_5684373CF516D7AE808DD658114AA9A3_label_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3" 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_5684373CF516D7AE808DD658114AA9A3_documentation_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3" 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-20150630.xsd#ocn_MortgageWarehouseAgreementMember" xlink:label="loc_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3" xlink:to="lab_ocn_MortgageWarehouseAgreementMember_5684373CF516D7AE808DD658114AA9A3" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Secured Borrowings [Member]</link:label>
    <link:label id="lab_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3_label_en-US" xlink:label="lab_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuredDebtMember" xlink:label="loc_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3" xlink:to="lab_us-gaap_SecuredDebtMember_8CBFB92096A680FA2825D658114A9CA3" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to prepay loans</link:label>
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E_label_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Net Cash Proceeds From Permitted Asset Sales Allowed To Prepay Loans</link:label>
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E_documentation_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to prepay loans.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans" xlink:label="loc_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E" xlink:to="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToPrepayLoans_4AA21CEA8DFD4CFEFF27D658114B342E" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to reinvest in assets of business use</link:label>
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921_label_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Net Cash Proceeds From Permitted Asset Sales Allowed To Reinvest In Assets Of Business Use</link:label>
    <link:label id="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921_documentation_en-US" xlink:label="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of net cash proceeds from permitted asset sales allowed to reinvest in assets of business use.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse" xlink:label="loc_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921" xlink:to="lab_ocn_PercentageOfNetCashProceedsFromPermittedAssetSalesAllowedToReinvestInAssetsOfBusinessUse_430E3B3E36AC77708153D658114B3921" xlink:type="arc" />
    <link:label id="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F_terseLabel_en-US" xlink:label="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time period to reinvest net cash proceeds from permitted asset sales in assets of business use</link:label>
    <link:label id="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F_label_en-US" xlink:label="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time Period To Reinvest Net Cash Proceeds From Permitted Asset Sales In Assets Of Business Use</link:label>
    <link:label id="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F_documentation_en-US" xlink:label="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time period to reinvest net cash proceeds from permitted asset sales in assets of business use.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse" xlink:label="loc_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F" xlink:to="lab_ocn_TimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_A942F9417EF9CBC2B258D658114B115F" xlink:type="arc" />
    <link:label id="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190_terseLabel_en-US" xlink:label="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Extended time period to reinvest net cash proceeds from permitted asset sales in assets of business use</link:label>
    <link:label id="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190_label_en-US" xlink:label="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Extended Time Period To Reinvest Net Cash Proceeds From Permitted Asset Sales In Assets Of Business Use</link:label>
    <link:label id="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190_documentation_en-US" xlink:label="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Extended time period to reinvest net cash proceeds from permitted asset sales in assets of business use.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse" xlink:label="loc_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190" xlink:to="lab_ocn_ExtendedTimePeriodToReinvestNetCashProceedsFromPermittedAssetSalesInAssetsOfBusinessUse_D221B0062693DC7EA513D658114BB190" xlink:type="arc" />
    <link:label id="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A_terseLabel_en-US" xlink:label="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate leverage ratio</link:label>
    <link:label id="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A_label_en-US" xlink:label="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Leverage Ratio</link:label>
    <link:label id="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A_documentation_en-US" xlink:label="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate leverage ratio.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_CorporateLeverageRatio" xlink:label="loc_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A" xlink:to="lab_ocn_CorporateLeverageRatio_D2A0361814973E75338BD658114B988A" xlink:type="arc" />
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional borrowing capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Additional Borrowing Capacity</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Additional Borrowing Capacity</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_LineofCreditFacilityAdditionalBorrowingCapacity" xlink:label="loc_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B" xlink:to="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_4D5161205F1FEAF8DCC2D658114C936B" xlink:type="arc" />
    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Beneficial interest</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Agreement Term, Potential Benefit Interest Percentage By Lender</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender" xlink:label="loc_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_8715E87014873578CCE1D658114C9AD1" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesOnBehalfofBorrowersTable_C62DE92422F7E20EDBBF8A928E8F8BE0_label_en-US" xlink:label="lab_ocn_AdvancesOnBehalfofBorrowersTable_C62DE92422F7E20EDBBF8A928E8F8BE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances On Behalf of Borrowers [Table]</link:label>
    <link:label id="lab_ocn_AdvancesOnBehalfofBorrowersTable_C62DE92422F7E20EDBBF8A928E8F8BE0_documentation_en-US" xlink:label="lab_ocn_AdvancesOnBehalfofBorrowersTable_C62DE92422F7E20EDBBF8A928E8F8BE0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances On Behalf of Borrowers [Table]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AdvancesOnBehalfofBorrowersTable" xlink:label="loc_ocn_AdvancesOnBehalfofBorrowersTable_C62DE92422F7E20EDBBF8A928E8F8BE0" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingPrincipalAndInterestMember_0C8F618F89BB4EEF6A1B8A928E900E29_label_en-US" xlink:label="lab_ocn_ServicingPrincipalAndInterestMember_0C8F618F89BB4EEF6A1B8A928E900E29" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Principal And Interest [Member]</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingPrincipalAndInterestMember" xlink:label="loc_ocn_ServicingPrincipalAndInterestMember_0C8F618F89BB4EEF6A1B8A928E900E29" xlink:type="locator" />
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingTaxesAndInsuranceMember" xlink:label="loc_ocn_ServicingTaxesAndInsuranceMember_654325E986FACA1E4D2D8A928E907F9C" xlink:type="locator" />
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_ServicingForeclosuresAndBankruptcyCostsMember" xlink:label="loc_ocn_ServicingForeclosuresAndBankruptcyCostsMember_D9E7AE9EBC862CCBD1268A928E906D25" xlink:type="locator" />
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    <link:label id="lab_ocn_CorporateItemsAndOtherMember_10B71A638573525E14808A928E903E7F_label_en-US" xlink:label="lab_ocn_CorporateItemsAndOtherMember_10B71A638573525E14808A928E903E7F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Items And Other [Member]</link:label>
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_CorporateItemsAndOtherMember" xlink:label="loc_ocn_CorporateItemsAndOtherMember_10B71A638573525E14808A928E903E7F" xlink:type="locator" />
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    <link:loc xlink:href="ocn-20150630.xsd#ocn_AdvancesOnBehalfofBorrowersLineItems" xlink:label="loc_ocn_AdvancesOnBehalfofBorrowersLineItems_83E9623EBFCC7C8951998A928E903871" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_D7C87BE38364FCD4FF048A928E90BBA5_terseLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfByBorrower_D7C87BE38364FCD4FF048A928E90BBA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
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    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofbyBorrowerAllowancesforLosses_668B7E3BB43400E2D53A8A929071DBFF_label_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofbyBorrowerAllowancesforLosses_668B7E3BB43400E2D53A8A929071DBFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances, Payments on Behalf of by Borrower, Allowances for Losses</link:label>
    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofbyBorrowerAllowancesforLosses_668B7E3BB43400E2D53A8A929071DBFF_documentation_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofbyBorrowerAllowancesforLosses_668B7E3BB43400E2D53A8A929071DBFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances, Payments on Behalf of by Borrower, Allowances for Losses</link:label>
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    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_743B7E3ACE8619F1B1CBD8CFBC97BCB7_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_743B7E3ACE8619F1B1CBD8CFBC97BCB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent loan repurchase liability</link:label>
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_743B7E3ACE8619F1B1CBD8CFBC97BCB7_label_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_743B7E3ACE8619F1B1CBD8CFBC97BCB7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets Sold under Agreements to Repurchase, Repurchase Liability</link:label>
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    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7BD4816484C22198621BD8CFBC97EDD2_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7BD4816484C22198621BD8CFBC97EDD2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued expenses</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7BD4816484C22198621BD8CFBC97EDD2_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7BD4816484C22198621BD8CFBC97EDD2" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_7BD4816484C22198621BD8CFBC97EDD2" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationObligationsLiability_5D50EE3A31B26675BCFDD8CFBC974BB0_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_5D50EE3A31B26675BCFDD8CFBC974BB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for indemnification obligations</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_5D50EE3A31B26675BCFDD8CFBC974BB0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DueToRelatedPartiesCurrent_704AD25BE71EA55BCE61D8CFBC97FE3F_terseLabel_en-US" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrent_704AD25BE71EA55BCE61D8CFBC97FE3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to related parties</link:label>
    <link:label id="lab_us-gaap_DueToRelatedPartiesCurrent_704AD25BE71EA55BCE61D8CFBC97FE3F_label_en-US" xlink:label="lab_us-gaap_DueToRelatedPartiesCurrent_704AD25BE71EA55BCE61D8CFBC97FE3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due to Related Parties, Current</link:label>
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    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_74EDFF36455320E60E5AD8CFBC97B605_terseLabel_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_74EDFF36455320E60E5AD8CFBC97B605" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payable to loan servicing and subservicing investors</link:label>
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_74EDFF36455320E60E5AD8CFBC97B605_label_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_74EDFF36455320E60E5AD8CFBC97B605" 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_74EDFF36455320E60E5AD8CFBC97B605_documentation_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_74EDFF36455320E60E5AD8CFBC97B605" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_DueToServicingAndSubservicingInvestors" xlink:label="loc_ocn_DueToServicingAndSubservicingInvestors_74EDFF36455320E60E5AD8CFBC97B605" xlink:type="locator" />
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    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_CC0F422418E461E32269D8CFBC973BAE_terseLabel_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_CC0F422418E461E32269D8CFBC973BAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for selected tax items</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_CC0F422418E461E32269D8CFBC973BAE_label_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_CC0F422418E461E32269D8CFBC973BAE" 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_CC0F422418E461E32269D8CFBC973BAE_documentation_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_CC0F422418E461E32269D8CFBC973BAE" 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-20150630.xsd#ocn_LiabilityForUncertainTaxPositions" xlink:label="loc_ocn_LiabilityForUncertainTaxPositions_CC0F422418E461E32269D8CFBC973BAE" xlink:type="locator" />
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    <link:label id="lab_ocn_ChecksHeldForEscheat_C277D24040D7D910BFB1D8CFBC9782F7_terseLabel_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_C277D24040D7D910BFB1D8CFBC9782F7" 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_C277D24040D7D910BFB1D8CFBC9782F7_label_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_C277D24040D7D910BFB1D8CFBC9782F7" 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_C277D24040D7D910BFB1D8CFBC9782F7_documentation_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_C277D24040D7D910BFB1D8CFBC9782F7" 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-20150630.xsd#ocn_ChecksHeldForEscheat" xlink:label="loc_ocn_ChecksHeldForEscheat_C277D24040D7D910BFB1D8CFBC9782F7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_A3C35ECA16834310E73CD8CFBC976CD4_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_A3C35ECA16834310E73CD8CFBC976CD4" 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_OtherAccruedLiabilitiesCurrentAndNoncurrent_A3C35ECA16834310E73CD8CFBC976CD4_label_en-US" xlink:label="lab_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_A3C35ECA16834310E73CD8CFBC976CD4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_OtherAccruedLiabilitiesCurrentAndNoncurrent_A3C35ECA16834310E73CD8CFBC976CD4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherLiabilities_D4AAC395F5130DCA206FD8CFBC979FE7_totalLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_D4AAC395F5130DCA206FD8CFBC979FE7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_D4AAC395F5130DCA206FD8CFBC979FE7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_C64EDD93B02BFC806B9C8A928FD8D9AD_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock_C64EDD93B02BFC806B9C8A928FD8D9AD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Segment Reporting</link:label>
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    <link:label id="lab_us-gaap_Depreciation_D458944AF0CB13078BF6D8CFBC580DB5_verboseLabel_en-US" xlink:label="lab_us-gaap_Depreciation_D458944AF0CB13078BF6D8CFBC580DB5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation expense</link:label>
    <link:label id="lab_us-gaap_Depreciation_D458944AF0CB13078BF6D8CFBC580DB5_label_en-US" xlink:label="lab_us-gaap_Depreciation_D458944AF0CB13078BF6D8CFBC580DB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
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    <link:label id="lab_us-gaap_AmortizationOfMortgageServicingRightsMSRs_94FF48E2A05CA181FDD9D8CFBC58A3D9_verboseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfMortgageServicingRightsMSRs_94FF48E2A05CA181FDD9D8CFBC58A3D9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amortization of mortgage servicing rights</link:label>
    <link:label id="lab_us-gaap_AmortizationOfMortgageServicingRightsMSRs_94FF48E2A05CA181FDD9D8CFBC58A3D9_label_en-US" xlink:label="lab_us-gaap_AmortizationOfMortgageServicingRightsMSRs_94FF48E2A05CA181FDD9D8CFBC58A3D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of Mortgage Servicing Rights (MSRs)</link:label>
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    <link:label id="lab_us-gaap_AmortizationOfDebtDiscountPremium_1C4F1D79C0062307F5C7D8CFBC5832F7_verboseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfDebtDiscountPremium_1C4F1D79C0062307F5C7D8CFBC5832F7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amortization of debt discount</link:label>
    <link:label id="lab_us-gaap_AmortizationOfDebtDiscountPremium_1C4F1D79C0062307F5C7D8CFBC5832F7_label_en-US" xlink:label="lab_us-gaap_AmortizationOfDebtDiscountPremium_1C4F1D79C0062307F5C7D8CFBC5832F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of Debt Discount (Premium)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="loc_us-gaap_AmortizationOfDebtDiscountPremium_1C4F1D79C0062307F5C7D8CFBC5832F7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AmortizationOfFinancingCosts_B66FA2C776165D493CFFD8CFBC588779_terseLabel_en-US" xlink:label="lab_us-gaap_AmortizationOfFinancingCosts_B66FA2C776165D493CFFD8CFBC588779" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of debt issuance costs</link:label>
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    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EB3457AAFF98376D6D68D8CFBDC67843_label_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EB3457AAFF98376D6D68D8CFBDC67843" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimate of Fair Value Measurement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EB3457AAFF98376D6D68D8CFBDC67843" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EB3457AAFF98376D6D68D8CFBDC67843" xlink:to="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_EB3457AAFF98376D6D68D8CFBDC67843" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2" xlink:to="lab_us-gaap_FairValueInputsLevel1Member_6EECF096D9438D95F735D8CFBDC6C2C2" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2 [Member]</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB" xlink:to="lab_us-gaap_FairValueInputsLevel2Member_C8AB8EA3BA6CDD595AB2D8CFBDC631AB" xlink:type="arc" />
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_3EDE87FDD1796C27E2F3D8CFBDC6F168_terseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_3EDE87FDD1796C27E2F3D8CFBDC6F168" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Mortgage Backed Securities Trades [Member]</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_ForwardMortgageBackedSecuritiesTradesMember" xlink:label="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_3EDE87FDD1796C27E2F3D8CFBDC6F168" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_3EDE87FDD1796C27E2F3D8CFBDC6F168" xlink:to="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_3EDE87FDD1796C27E2F3D8CFBDC6F168" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63_terseLabel_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets:</link:label>
    <link:label id="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63_label_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets [Abstract]</link:label>
    <link:label id="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63_documentation_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63" 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-20150630.xsd#ocn_FinancialAssetsAbstract" xlink:label="loc_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63" xlink:to="lab_ocn_FinancialAssetsAbstract_D0F699ABDE041268E1D0D8CFBDC70F63" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale:</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C" 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>
    <link:label id="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C" 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-20150630.xsd#ocn_LoansHeldForSaleAtFairValueAbstract" xlink:label="loc_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C" xlink:to="lab_ocn_LoansHeldForSaleAtFairValueAbstract_6B5289C41D96CDD5CAC9D8CFBDC73B6C" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at lower of cost or fair value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale At Lower Cost Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354" 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 loans held-for-sale at lower cost of fair value as presented on the statement of financial position which may include mortgage loans held-for-sale, finance receivables held-for-sale, or any other loans classified as held-for-sale which are due the Company as of the balance sheet date.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure" xlink:label="loc_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354" xlink:to="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_D3717CCD28A89E39C4CBD8CFBDC7F354" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansHeldForSaleMortgages_D49289F3767F98FB4864D8CFBDC739FF_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMortgages_D49289F3767F98FB4864D8CFBDC739FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Loans held for sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_LoansHeldForSaleMortgages" xlink:label="loc_us-gaap_LoansHeldForSaleMortgages_D49289F3767F98FB4864D8CFBDC739FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleMortgages_D49289F3767F98FB4864D8CFBDC739FF" xlink:to="lab_us-gaap_LoansHeldForSaleMortgages_D49289F3767F98FB4864D8CFBDC739FF" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6" 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>
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6_label_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Investment, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6_documentation_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held for Investment, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_LoansHeldforInvestmentFairValueDisclosure" xlink:label="loc_ocn_LoansHeldforInvestmentFairValueDisclosure_C2339779C39E7167CBB4D8CFBDC776E6" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639" 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_3B446984592BF62AC925D8CFBDC71639_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639" 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_3B446984592BF62AC925D8CFBDC71639_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639" 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>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure" xlink:label="loc_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639" xlink:to="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_3B446984592BF62AC925D8CFBDC71639" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_A51893F649AFD5534C62D8CFBDC72031_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_A51893F649AFD5534C62D8CFBDC72031" 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_A51893F649AFD5534C62D8CFBDC72031_label_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_A51893F649AFD5534C62D8CFBDC72031" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_A51893F649AFD5534C62D8CFBDC72031" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesFairValueDisclosure_A51893F649AFD5534C62D8CFBDC72031" xlink:to="lab_us-gaap_ReceivablesFairValueDisclosure_A51893F649AFD5534C62D8CFBDC72031" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3" 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_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3_label_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage-backed Securities Available-for-sale, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure" xlink:label="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3" xlink:to="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_466366000D5B6CFB2712D8CFBDC7C8A3" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6_terseLabel_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6" 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_30A41DDA79D115A098A9D8CFBDC76AF6_label_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6" 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_30A41DDA79D115A098A9D8CFBDC76AF6_documentation_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6" 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-20150630.xsd#ocn_FinancialLiabilitiesAbstract" xlink:label="loc_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6" xlink:to="lab_ocn_FinancialLiabilitiesAbstract_30A41DDA79D115A098A9D8CFBDC76AF6" xlink:type="arc" />
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E" 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_845956F6AC96E2C3710CD8CFBDC74D5E_label_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E" 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_845956F6AC96E2C3710CD8CFBDC74D5E_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E" 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-20150630.xsd#ocn_FinancingLiabilitiesAbstract" xlink:label="loc_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E" xlink:to="lab_ocn_FinancingLiabilitiesAbstract_845956F6AC96E2C3710CD8CFBDC74D5E" xlink:type="arc" />
    <link:label id="lab_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1_terseLabel_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1" 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_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1_label_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1" 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_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1_documentation_en-US" xlink:label="lab_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1" 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-20150630.xsd#ocn_HMBSBorrowingsFairValueDisclosure" xlink:label="loc_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1" xlink:to="lab_ocn_HMBSBorrowingsFairValueDisclosure_AD017B8E1EF9A0DD5B9ED8CFBDC7B2A1" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859" 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_DFA47BEB9B731C34B966D8CFBDC7D859_label_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859" 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_DFA47BEB9B731C34B966D8CFBDC7D859_documentation_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859" 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-20150630.xsd#ocn_MortgageServiceRightsPledgedFairValueDisclosure" xlink:label="loc_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859" xlink:to="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_DFA47BEB9B731C34B966D8CFBDC7D859" xlink:type="arc" />
    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10_terseLabel_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10" 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_33F1BB717117E6097F30D8CFBDC79D10_label_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10" 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_33F1BB717117E6097F30D8CFBDC79D10_documentation_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10" 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-20150630.xsd#ocn_OtherFinancingLiabilitiesFairValueDisclosure" xlink:label="loc_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10" xlink:to="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_33F1BB717117E6097F30D8CFBDC79D10" xlink:type="arc" />
    <link:label id="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Financing liabilities</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E_label_en-US" xlink:label="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Liabilities, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financing Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_FinancingLiabilitiesFairValueDisclosure" xlink:label="loc_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E" xlink:to="lab_ocn_FinancingLiabilitiesFairValueDisclosure_5F379CC6D7520558B659D8CFBDC7266E" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_EEAB639B505FF5BC4C8DD8CFBDC815F6_terseLabel_en-US" xlink:label="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_EEAB639B505FF5BC4C8DD8CFBDC815F6" 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_EEAB639B505FF5BC4C8DD8CFBDC815F6_label_en-US" xlink:label="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_EEAB639B505FF5BC4C8DD8CFBDC815F6" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract" xlink:label="loc_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_EEAB639B505FF5BC4C8DD8CFBDC815F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_EEAB639B505FF5BC4C8DD8CFBDC815F6" xlink:to="lab_us-gaap_SecuredLongtermDebtCurrentAndNoncurrentAbstract_EEAB639B505FF5BC4C8DD8CFBDC815F6" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2" 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_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2_label_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fair value disclosure of senior secured term loan.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_SeniorSecuredTermLoanFairValueDisclosure" xlink:label="loc_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2" xlink:to="lab_ocn_SeniorSecuredTermLoanFairValueDisclosure_6E60BD1A4FDA9F63AA3BD8CFBDC8BDC2" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0" 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_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0_label_en-US" xlink:label="lab_us-gaap_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Borrowings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_OtherBorrowings" xlink:label="loc_us-gaap_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0" xlink:to="lab_us-gaap_OtherBorrowings_E4C30D4470F6D777B9C5D8CFBDC834C0" xlink:type="arc" />
    <link:label id="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A_terseLabel_en-US" xlink:label="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Other secured borrowings</link:label>
    <link:label id="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A_label_en-US" xlink:label="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Borrowings Including Secured Borrowings</link:label>
    <link:label id="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A_documentation_en-US" xlink:label="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of other borrowings including secured borrowings.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_OtherBorrowingsIncludingSecuredBorrowings" xlink:label="loc_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A" xlink:to="lab_ocn_OtherBorrowingsIncludingSecuredBorrowings_9724ED33ACDCC695840CD8CFBDC8EC3A" xlink:type="arc" />
    <link:label id="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42_terseLabel_en-US" xlink:label="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior unsecured notes</link:label>
    <link:label id="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42_label_en-US" xlink:label="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt, Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42_documentation_en-US" xlink:label="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unsecured Debt, Fair Value Disclosure</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_UnsecuredDebtFairValueDisclosure" xlink:label="loc_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42" xlink:to="lab_ocn_UnsecuredDebtFairValueDisclosure_E9728B8F03FBB51CE279D8CFBDC85F42" xlink:type="arc" />
    <link:label id="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153_terseLabel_en-US" xlink:label="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial instruments assets (liabilities):</link:label>
    <link:label id="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153_label_en-US" xlink:label="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial instruments (1): [Abstract]</link:label>
    <link:label id="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153_documentation_en-US" xlink:label="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153" 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-20150630.xsd#ocn_DerivativeFinancialInstruments1Abstract" xlink:label="loc_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153" xlink:to="lab_ocn_DerivativeFinancialInstruments1Abstract_BF7CA7FD58F6039033CDD8CFBDC80153" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Lock Commitments (IRLCs)</link:label>
    <link:label id="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E_label_en-US" xlink:label="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Derivative Assets, at Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_InterestRateDerivativeAssetsAtFairValue" xlink:label="loc_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E" xlink:to="lab_us-gaap_InterestRateDerivativeAssetsAtFairValue_4B402197F5C669A85D93D8CFBDC8A43E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward MBS trades</link:label>
    <link:label id="lab_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE" xlink:to="lab_us-gaap_DerivativeLiabilities_A68732C4274AB3EE6DB2D8CFBDC8A7CE" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeAssets_19E25A49C6DF4C5D7E8FD8CFBDC8EB0D_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_19E25A49C6DF4C5D7E8FD8CFBDC8EB0D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate caps</link:label>
    <link:label id="lab_us-gaap_DerivativeAssets_19E25A49C6DF4C5D7E8FD8CFBDC8EB0D_label_en-US" xlink:label="lab_us-gaap_DerivativeAssets_19E25A49C6DF4C5D7E8FD8CFBDC8EB0D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Asset</link:label>
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    <link:label id="lab_ocn_MortgageServiceRightsAbstract_BCBEEECC91138D2626FDD8CFBDC8727C_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsAbstract_BCBEEECC91138D2626FDD8CFBDC8727C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs:</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsAbstract_BCBEEECC91138D2626FDD8CFBDC8727C_label_en-US" xlink:label="lab_ocn_MortgageServiceRightsAbstract_BCBEEECC91138D2626FDD8CFBDC8727C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights [Abstract]</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsAbstract_BCBEEECC91138D2626FDD8CFBDC8727C_documentation_en-US" xlink:label="lab_ocn_MortgageServiceRightsAbstract_BCBEEECC91138D2626FDD8CFBDC8727C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Service Rights [Abstract]</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_E6D31AE2C16C901C6932D8CFBDC8D942_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue_E6D31AE2C16C901C6932D8CFBDC8D942" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at amortized cost</link:label>
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    <link:label id="lab_us-gaap_ServicingAsset_2C2CEEB0CAB6A5CCA835D8CFBDC8E6B2_verboseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset_2C2CEEB0CAB6A5CCA835D8CFBDC8E6B2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total MSRs</link:label>
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    <link:label id="lab_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C_terseLabel_en-US" xlink:label="lab_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal and interest</link:label>
    <link:label id="lab_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C_label_en-US" xlink:label="lab_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal and Interest Advances</link:label>
    <link:label id="lab_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C_documentation_en-US" xlink:label="lab_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance payments made by financial institutions on behalf of borrowers for principal and interest payments.</link:label>
    <link:loc xlink:href="ocn-20150630.xsd#ocn_PrincipalAndInterestAdvances" xlink:label="loc_ocn_PrincipalAndInterestAdvances_5741C50E944A9E228B9B8A928F0B714C" xlink:type="locator" />
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    <link:label id="lab_ocn_TaxesAndInsuranceAdvances_4D0B44018C4D5B69E6978A928F0BDA6A_terseLabel_en-US" xlink:label="lab_ocn_TaxesAndInsuranceAdvances_4D0B44018C4D5B69E6978A928F0BDA6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes and insurance</link:label>
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    <link:label id="lab_ocn_TaxesAndInsuranceAdvances_4D0B44018C4D5B69E6978A928F0BDA6A_documentation_en-US" xlink:label="lab_ocn_TaxesAndInsuranceAdvances_4D0B44018C4D5B69E6978A928F0BDA6A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance payments made by financial institutions on behalf of borrowers for taxes and insurance.</link:label>
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    <link:label id="lab_ocn_ForeclosuresBankruptcyRealEstateAndOther_FF05C7FC5DD3350810C98A928F0BB391_terseLabel_en-US" xlink:label="lab_ocn_ForeclosuresBankruptcyRealEstateAndOther_FF05C7FC5DD3350810C98A928F0BB391" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreclosures, bankruptcy, real estate and other</link:label>
    <link:label id="lab_ocn_ForeclosuresBankruptcyRealEstateAndOther_FF05C7FC5DD3350810C98A928F0BB391_label_en-US" xlink:label="lab_ocn_ForeclosuresBankruptcyRealEstateAndOther_FF05C7FC5DD3350810C98A928F0BB391" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreclosures Bankruptcy Real Estate and Other</link:label>
    <link:label id="lab_ocn_ForeclosuresBankruptcyRealEstateAndOther_FF05C7FC5DD3350810C98A928F0BB391_documentation_en-US" xlink:label="lab_ocn_ForeclosuresBankruptcyRealEstateAndOther_FF05C7FC5DD3350810C98A928F0BB391" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance payments made by financial institutions on behalf of borrowers related to foreclosures, bankruptcy and real estate.</link:label>
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    <link:label id="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_814D387316FA8037F2A58A928F0B797D_totalLabel_en-US" xlink:label="lab_ocn_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmountTwo_814D387316FA8037F2A58A928F0B797D" 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_IncomeStatementAbstract_312A48F45AB4FDB546E8CE7BE3C8E0B2_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_312A48F45AB4FDB546E8CE7BE3C8E0B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
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    <link:label id="lab_us-gaap_RevenuesAbstract_9274F19A274AEE33E262CE7BE3CA23EA_label_en-US" xlink:label="lab_us-gaap_RevenuesAbstract_9274F19A274AEE33E262CE7BE3CA23EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues [Abstract]</link:label>
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    <link:label id="lab_us-gaap_ServicingFeesNet_4E542194092E2D4C2135CE7BE3CB1C5B_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingFeesNet_4E542194092E2D4C2135CE7BE3CB1C5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing and subservicing fees</link:label>
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    <link:label id="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_07D6A0627B5A73817B4ECE7BE3CC809A_terseLabel_en-US" xlink:label="lab_us-gaap_OtherNonoperatingIncomeExpenseAbstract_07D6A0627B5A73817B4ECE7BE3CC809A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income (expense)</link:label>
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    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_24D2DBE49B0305F3A843D6626E924CF1_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_24D2DBE49B0305F3A843D6626E924CF1" 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_24D2DBE49B0305F3A843D6626E924CF1_label_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_24D2DBE49B0305F3A843D6626E924CF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Activities, Cash Flow Statement</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_F733F0DD8198E0781B6CD6626E9332C1_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_F733F0DD8198E0781B6CD6626E9332C1" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_F733F0DD8198E0781B6CD6626E9332C1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_DD18D6B32116DC58CA55D6626E93BA9F_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_DD18D6B32116DC58CA55D6626E93BA9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_72D42419D6134DAD5BA8D6626E935E2F_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_72D42419D6134DAD5BA8D6626E935E2F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination of loans held for investment &#8211; reverse mortgages</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireLoansHeldForInvestment" xlink:label="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_72D42419D6134DAD5BA8D6626E935E2F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_B8BA05310E2532E3E20ED6626E93F096_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_B8BA05310E2532E3E20ED6626E93F096" 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/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_B8BA05310E2532E3E20ED6626E93F096" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_9FD83A74886EF6226FFFD6626E93DC79_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_9FD83A74886EF6226FFFD6626E93DC79" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of mortgage servicing rights, net</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_9FD83A74886EF6226FFFD6626E93DC79_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_9FD83A74886EF6226FFFD6626E93DC79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Mortgage Servicing Rights (MSR)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireMortgageServicingRightsMSR" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_9FD83A74886EF6226FFFD6626E93DC79" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_87BC1BE6286E72C57FCCD6626E93D857_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_87BC1BE6286E72C57FCCD6626E93D857" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR_87BC1BE6286E72C57FCCD6626E93D857" xlink:type="locator" />
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    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_97C7D1496B7304433EB7D6626E939C88_negatedLabel_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_97C7D1496B7304433EB7D6626E939C88" 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>
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    <link:label id="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_97C7D1496B7304433EB7D6626E939C88_documentation_en-US" xlink:label="lab_ocn_PaymentsToAcquireAdvancesInConnectionWithPurchaseOfMortgageServicingRights_97C7D1496B7304433EB7D6626E939C88" 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_us-gaap_PaymentsToAcquireLoansReceivable_5DDAEF5A9AC2F9D3B767D6626E937811_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansReceivable_5DDAEF5A9AC2F9D3B767D6626E937811" 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 loans</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireLoansReceivable" xlink:label="loc_us-gaap_PaymentsToAcquireLoansReceivable_5DDAEF5A9AC2F9D3B767D6626E937811" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_282633C3AEC334777B0FD6626E94D854_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_282633C3AEC334777B0FD6626E94D854" 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>
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_D64E00C563F2C1735164D6626E9407CC_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_D64E00C563F2C1735164D6626E9407CC" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions to premises and equipment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_D64E00C563F2C1735164D6626E9407CC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_F5729D97BA4661C118F0D6626E945220_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_F5729D97BA4661C118F0D6626E945220" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of premises and equipment</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_B6E043514C00C279E108D6626E94C7D1_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_B6E043514C00C279E108D6626E94C7D1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash paid to acquire business</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2014/elts/us-gaap-2014-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_B6E043514C00C279E108D6626E94C7D1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_CE186EEAC476108F6F89D6626E95EE98_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_CE186EEAC476108F6F89D6626E95EE98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from other secured borrowings</link:label>
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    <link:label id="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_E6A48979EDFF6BB34AD6D6626E95D5B7_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfLoansAccountedForAsFinancing_E6A48979EDFF6BB34AD6D6626E95D5B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of loans accounted for as a financing</link:label>
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    <link:label id="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_4319EBFCB68F7E292EFDD6626E957F35_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_4319EBFCB68F7E292EFDD6626E957F35" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment of preferred stock dividends</link:label>
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    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_A9527B4E814312AF23F8DAD8D454ADCE_terseLabel_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_A9527B4E814312AF23F8DAD8D454ADCE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Ocwen Master Advance Receivables Trust (OMART) [Member]</link:label>
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    <link:label id="lab_ocn_OcwenFreddieAdvanceFundingMember_70BA254E6405CD07F64ADAD8D454EF0C_terseLabel_en-US" xlink:label="lab_ocn_OcwenFreddieAdvanceFundingMember_70BA254E6405CD07F64ADAD8D454EF0C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Ocwen Freddie Advance Funding Facility (OFAF) [Member]</link:label>
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    <link:label id="lab_ocn_OcwenFreddieAdvanceFundingMember_70BA254E6405CD07F64ADAD8D454EF0C_documentation_en-US" xlink:label="lab_ocn_OcwenFreddieAdvanceFundingMember_70BA254E6405CD07F64ADAD8D454EF0C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen Freddie advance funding.</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentMaturityDateRangeStart1_CD72F4F3DE5289FCDB56DAD8D45572D9_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDateRangeStart1_CD72F4F3DE5289FCDB56DAD8D45572D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization date</link:label>
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    <link:label id="lab_us-gaap_LineOfCreditFacilityTable_868B25ABBF3A120D5C688B74A87A1D29_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_868B25ABBF3A120D5C688B74A87A1D29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
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    <link:label id="lab_us-gaap_EurodollarMember_9B4B480575A72FEC6A578B74A87AD329_terseLabel_en-US" xlink:label="lab_us-gaap_EurodollarMember_9B4B480575A72FEC6A578B74A87AD329" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eurodollar [Member]</link:label>
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    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_65412AE0D29B994F3DC28B74A8811E38_label_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_65412AE0D29B994F3DC28B74A8811E38" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Servicing Lines Of Credit [Member]</link:label>
    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_65412AE0D29B994F3DC28B74A8811E38_documentation_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_65412AE0D29B994F3DC28B74A8811E38" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total amount of servicing lines of credit.</link:label>
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    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_1A68CC8951968662B8FB8B74A881EE88_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_1A68CC8951968662B8FB8B74A881EE88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate at index floor rate</link:label>
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