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    <link:label id="lab_us-gaap_DerivativeContractTypeDomain_2E033D020F30D1423C487639D589726A_label_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_2E033D020F30D1423C487639D589726A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Contract [Domain]</link:label>
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    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_0652E164A240893D60147639D5899109_verboseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_0652E164A240893D60147639D5899109" 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_0652E164A240893D60147639D5899109_label_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_0652E164A240893D60147639D5899109" 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_0652E164A240893D60147639D5899109_documentation_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_0652E164A240893D60147639D5899109" 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>
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    <link:label id="lab_ocn_DerivativeAdditions_03E71821A7737FDD167E7639D58A8B79_documentation_en-US" xlink:label="lab_ocn_DerivativeAdditions_03E71821A7737FDD167E7639D58A8B79" 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>
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    <link:label id="lab_ocn_AmortizationOfDerivative_2E6D01F957DDB070C0337639D58AEDB3_documentation_en-US" xlink:label="lab_ocn_AmortizationOfDerivative_2E6D01F957DDB070C0337639D58AEDB3" 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>
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    <link:label id="lab_ocn_DerivativeMaturities_81D81091F83C9EDAD0F17639D58AB6AE_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturities_81D81091F83C9EDAD0F17639D58AB6AE" 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>
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    <link:label id="lab_ocn_DerivativeTerminations_D6EDF9B8982FC50701117639D58AB5A1_documentation_en-US" xlink:label="lab_ocn_DerivativeTerminations_D6EDF9B8982FC50701117639D58AB5A1" 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>
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    <link:label id="lab_ocn_DerivativeMaturityPeriod_8D8C38FC40BEC52963867639D58ABD21_terseLabel_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_8D8C38FC40BEC52963867639D58ABD21" 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_8D8C38FC40BEC52963867639D58ABD21_label_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_8D8C38FC40BEC52963867639D58ABD21" 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_8D8C38FC40BEC52963867639D58ABD21_documentation_en-US" xlink:label="lab_ocn_DerivativeMaturityPeriod_8D8C38FC40BEC52963867639D58ABD21" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a maturity period of derivative.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DerivativeMaturityPeriod_8D8C38FC40BEC52963867639D58ABD21" xlink:to="lab_ocn_DerivativeMaturityPeriod_8D8C38FC40BEC52963867639D58ABD21" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_6495A6AD50F972E7D9B17639D58AD68C_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_6495A6AD50F972E7D9B17639D58AD68C" 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>
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    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_6495A6AD50F972E7D9B17639D58AD68C_documentation_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_6495A6AD50F972E7D9B17639D58AD68C" 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>
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    <link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNet_3F16081F5BA44C1E85F57639D58A5DBA_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet_3F16081F5BA44C1E85F57639D58A5DBA" 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_3F16081F5BA44C1E85F57639D58A5DBA_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNet_3F16081F5BA44C1E85F57639D58A5DBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Fair Value, Net</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_DerivativeFairValueOfDerivativeNet_3F16081F5BA44C1E85F57639D58A5DBA" xlink:to="lab_us-gaap_DerivativeFairValueOfDerivativeNet_3F16081F5BA44C1E85F57639D58A5DBA" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on derivatives during the six months ended:</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNetAbstract" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1" xlink:to="lab_us-gaap_DerivativeGainLossOnDerivativeNetAbstract_E9AEADEBCAD523D31A4F7639D58A9FA1" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_29AD3DF1CB7B37796F0E7639D58AEBCB_verboseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_29AD3DF1CB7B37796F0E7639D58AEBCB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on derivatives</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments" xlink:label="loc_us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_29AD3DF1CB7B37796F0E7639D58AEBCB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_29AD3DF1CB7B37796F0E7639D58AEBCB" xlink:to="lab_us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_29AD3DF1CB7B37796F0E7639D58AEBCB" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_7CAEB8439B1A79A6D6277639D58AD79B_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_7CAEB8439B1A79A6D6277639D58AD79B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on derivatives</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_7CAEB8439B1A79A6D6277639D58AD79B_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_7CAEB8439B1A79A6D6277639D58AD79B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Gain (Loss) on Derivative, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_7CAEB8439B1A79A6D6277639D58AD79B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ReceivablesAbstract_B04D287191443D987B3BEA9FEAAEB936_label_en-US" xlink:label="lab_us-gaap_ReceivablesAbstract_3F3EBC2D3C8F560BB677B82F1E63CB24" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="loc_us-gaap_ReceivablesAbstract_3F3EBC2D3C8F560BB677B82F1E63CB24" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_4BDE18AF878B136806A9EA9FEAAE7D74_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_4A05E8E9C8AC55A284135301BAC179DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Receivables</link:label>
    <link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_4BDE18AF878B136806A9EA9FEAAE7D74_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_4A05E8E9C8AC55A284135301BAC179DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]</link:label>
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    <link:label id="lab_us-gaap_DebtDisclosureAbstract_247C5F42240EA72B11FB6526F10B8B2F_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract_247C5F42240EA72B11FB6526F10B8B2F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_247C5F42240EA72B11FB6526F10B8B2F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentTable_83546AE23FE7841E13D96526F10B0345_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_83546AE23FE7841E13D96526F10B0345" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentTable_83546AE23FE7841E13D96526F10B0345_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_83546AE23FE7841E13D96526F10B0345" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_83546AE23FE7841E13D96526F10B0345" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableRateAxis_499FA6165117B73F277B6526F10BD66F_label_en-US" xlink:label="lab_us-gaap_VariableRateAxis_499FA6165117B73F277B6526F10BD66F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Axis]</link:label>
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    <link:label id="lab_us-gaap_VariableRateDomain_D85C94AB2D0C683A4E7C6526F10B4A91_label_en-US" xlink:label="lab_us-gaap_VariableRateDomain_D85C94AB2D0C683A4E7C6526F10B4A91" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Rate [Domain]</link:label>
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    <link:label id="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_D1C34E204D21B7DCEF956526F10BE633_terseLabel_en-US" xlink:label="lab_us-gaap_LondonInterbankOfferedRateLIBORMember_D1C34E204D21B7DCEF956526F10BE633" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">London Interbank Offered Rate (LIBOR) [Member]</link:label>
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    <link:label id="lab_us-gaap_LongtermDebtTypeDomain_1DDC2202DC05EC4CFB426526F10B3221_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_1DDC2202DC05EC4CFB426526F10B3221" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Type [Domain]</link:label>
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    <link:label id="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_5C33B895DBD9BCF1D2926526F10B4B01_terseLabel_en-US" xlink:label="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_5C33B895DBD9BCF1D2926526F10B4B01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Ocwen Servicer Advance Receivables Trust III (OSARTIII) [Member]</link:label>
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    <link:label id="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_5C33B895DBD9BCF1D2926526F10B4B01_documentation_en-US" xlink:label="lab_ocn_OcwenServicerAdvanceReceivablesTrustMember_5C33B895DBD9BCF1D2926526F10B4B01" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen servicer advance receivables trust.</link:label>
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    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_41E6E5FA0FCE42609D1B6526F10B45D0_terseLabel_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_41E6E5FA0FCE42609D1B6526F10B45D0" 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_OcwenMasterAdvanceReceivablesTrustMember_41E6E5FA0FCE42609D1B6526F10B45D0_documentation_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_41E6E5FA0FCE42609D1B6526F10B45D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen master advance receivables trust.</link:label>
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    <link:label id="lab_ocn_OcwenFreddieAdvanceFundingMember_C20BE1F77951D22D50936526F10B78C5_terseLabel_en-US" xlink:label="lab_ocn_OcwenFreddieAdvanceFundingMember_C20BE1F77951D22D50936526F10B78C5" 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_C20BE1F77951D22D50936526F10B78C5_documentation_en-US" xlink:label="lab_ocn_OcwenFreddieAdvanceFundingMember_C20BE1F77951D22D50936526F10B78C5" 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_ocn_AutomotiveCapitalAssetReceivablesTrustMember_8E61DA0B6EC55D6CC6836526F10B9C8C_terseLabel_en-US" xlink:label="lab_ocn_AutomotiveCapitalAssetReceivablesTrustMember_8E61DA0B6EC55D6CC6836526F10B9C8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Automotive Capital Asset Receivables Trust [Member]</link:label>
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    <link:label id="lab_ocn_AutomotiveCapitalAssetReceivablesTrustMember_8E61DA0B6EC55D6CC6836526F10B9C8C_documentation_en-US" xlink:label="lab_ocn_AutomotiveCapitalAssetReceivablesTrustMember_8E61DA0B6EC55D6CC6836526F10B9C8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Automotive capital asset receivables trust.</link:label>
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    <link:label id="lab_ocn_SeriesTwoThousandSixteenTermNotesMember_DBBDEE756E031320F3756526F10B2F4B_terseLabel_en-US" xlink:label="lab_ocn_SeriesTwoThousandSixteenTermNotesMember_DBBDEE756E031320F3756526F10B2F4B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series 2016 Term Notes [Member]</link:label>
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    <link:label id="lab_ocn_SeriesTwoThousandFifteenTermNotesMember_EA923B4D3A49938324196526F10BF4D1_terseLabel_en-US" xlink:label="lab_ocn_SeriesTwoThousandFifteenTermNotesMember_EA923B4D3A49938324196526F10BF4D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Series 2015 Term Notes [Member]</link:label>
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    <link:label id="lab_ocn_SeriesTwoThousandFourteenVariableFundingNotesOneMember_672122665819443433736526F10B88BD_terseLabel_en-US" xlink:label="lab_ocn_SeriesTwoThousandFourteenVariableFundingNotesOneMember_672122665819443433736526F10B88BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance Receivables Backed Notes, Series 2014-VF1 [Member]</link:label>
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    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_1B048A1EAC810B97057E646F273A67F3_label_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_1B048A1EAC810B97057E646F273A67F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portion at Fair Value Measurement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_1B048A1EAC810B97057E646F273A67F3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_4FC9BF2D1D79225DDEC6646F273A8CBD_label_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_4FC9BF2D1D79225DDEC6646F273A8CBD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimate of Fair Value Measurement [Member]</link:label>
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    <link:label id="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_D42419ACA715BD41773C646F27498FF7_label_en-US" xlink:label="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_D42419ACA715BD41773C646F27498FF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgages Held-for-sale, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgagesHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_MortgagesHeldForSaleFairValueDisclosure_D42419ACA715BD41773C646F27498FF7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgagesHeldForSaleFairValueDisclosure_D42419ACA715BD41773C646F27498FF7" xlink:to="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_D42419ACA715BD41773C646F27498FF7" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF_verboseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF_label_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF" 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_923FD5E5AE42E1431BD3646F274962CF_documentation_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the home equity conversion mortgages insured by FHA.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_LoansHeldforInvestmentFairValueDisclosure" xlink:label="loc_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF" xlink:to="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_923FD5E5AE42E1431BD3646F274962CF" xlink:type="arc" />
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances (including match funded)</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B" 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_1F29BE636530AA9ECFC7646F2749406B_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B" 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-20170630.xsd#ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure" xlink:label="loc_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B" xlink:to="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_1F29BE636530AA9ECFC7646F2749406B" xlink:type="arc" />
    <link:label id="lab_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27_terseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Automotive dealer financing notes (including match funded)</link:label>
    <link:label id="lab_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27_label_en-US" xlink:label="lab_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesReceivableFairValueDisclosure" xlink:label="loc_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27" xlink:to="lab_us-gaap_NotesReceivableFairValueDisclosure_7A6CD916B7F5427E8739646F27499A27" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivablesFairValueDisclosure_A6EACD60B9757E7CD48B646F27493DBF_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_A6EACD60B9757E7CD48B646F27493DBF" 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_A6EACD60B9757E7CD48B646F27493DBF_label_en-US" xlink:label="lab_us-gaap_ReceivablesFairValueDisclosure_A6EACD60B9757E7CD48B646F27493DBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivables, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_A6EACD60B9757E7CD48B646F27493DBF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesFairValueDisclosure_A6EACD60B9757E7CD48B646F27493DBF" xlink:to="lab_us-gaap_ReceivablesFairValueDisclosure_A6EACD60B9757E7CD48B646F27493DBF" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E701A9299BB5F01800EC646F27492F51_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E701A9299BB5F01800EC646F27492F51" 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_E701A9299BB5F01800EC646F27492F51_label_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E701A9299BB5F01800EC646F27492F51" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure" xlink:label="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E701A9299BB5F01800EC646F27492F51" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E701A9299BB5F01800EC646F27492F51" xlink:to="lab_us-gaap_MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure_E701A9299BB5F01800EC646F27492F51" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. Treasury notes</link:label>
    <link:label id="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776" xlink:to="lab_us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue_5BC7DFCF63F7371D9554646F27499776" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A_terseLabel_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A" 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_32B6BE83E7985512D4FA646F27491D0A_label_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A" 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_32B6BE83E7985512D4FA646F27491D0A_documentation_en-US" xlink:label="lab_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A" 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-20170630.xsd#ocn_FinancialLiabilitiesAbstract" xlink:label="loc_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A" xlink:to="lab_ocn_FinancialLiabilitiesAbstract_32B6BE83E7985512D4FA646F27491D0A" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3_verboseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Match funded liabilities</link:label>
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_3754866505D65F112BAF646F274991F3" xlink:type="arc" />
    <link:label id="lab_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC" 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_C16EC548E216EE8B2AA3646F2749AFEC_label_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC" 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_C16EC548E216EE8B2AA3646F2749AFEC_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC" 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-20170630.xsd#ocn_FinancingLiabilitiesAbstract" xlink:label="loc_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC" xlink:to="lab_ocn_FinancingLiabilitiesAbstract_C16EC548E216EE8B2AA3646F2749AFEC" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF_terseLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF" 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_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF_label_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Equity Conversion Mortgage-Backed Securities Related Borrowings At Fair Value</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF_documentation_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of liability which is a resultant of reverse mortgage loans sold into the secondary with servicing rights retained. As the transfer of these loans do not meet the definition of participating interest because of the servicing requirement that requires the issuer to absorb some level of risk, these transfers are accounted for as financing.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue" xlink:label="loc_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF" xlink:to="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_C54BFC26B0AA6303641764714CA3FCCF" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6F1CE4901694DDF0D63E646F274956C7_terseLabel_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6F1CE4901694DDF0D63E646F274956C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing liability - MSRs pledged, at fair value</link:label>
    <link:label id="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6F1CE4901694DDF0D63E646F274956C7_label_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6F1CE4901694DDF0D63E646F274956C7" 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_6F1CE4901694DDF0D63E646F274956C7_documentation_en-US" xlink:label="lab_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6F1CE4901694DDF0D63E646F274956C7" 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-20170630.xsd#ocn_MortgageServiceRightsPledgedFairValueDisclosure" xlink:label="loc_ocn_MortgageServiceRightsPledgedFairValueDisclosure_6F1CE4901694DDF0D63E646F274956C7" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_4A3F65C0C80BF1F9D265646F27499AC8_terseLabel_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_4A3F65C0C80BF1F9D265646F27499AC8" 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_4A3F65C0C80BF1F9D265646F27499AC8_label_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_4A3F65C0C80BF1F9D265646F27499AC8" 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_4A3F65C0C80BF1F9D265646F27499AC8_documentation_en-US" xlink:label="lab_ocn_OtherFinancingLiabilitiesFairValueDisclosure_4A3F65C0C80BF1F9D265646F27499AC8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Financing Liabilities, Fair Value Disclosure</link:label>
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    <link:label id="lab_us-gaap_SeniorLongtermNotesCurrentAndNoncurrentAbstract_F26A9F2A7D50591846CA646F2749CC2E_label_en-US" xlink:label="lab_us-gaap_SeniorLongtermNotesCurrentAndNoncurrentAbstract_F26A9F2A7D50591846CA646F2749CC2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Notes [Abstract]</link:label>
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    <link:label id="lab_us-gaap_UnsecuredDebt_445EF4130C373F58FB9A646F27491321_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebt_445EF4130C373F58FB9A646F27491321" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt</link:label>
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    <link:label id="lab_us-gaap_SecuredDebt_CFD4270FA423CBEEDF5C646F274943DC_label_en-US" xlink:label="lab_us-gaap_SecuredDebt_CFD4270FA423CBEEDF5C646F274943DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Debt</link:label>
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    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTrades_6819AC578350521C1A5D646F27495CBC_negatedTerseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTrades_6819AC578350521C1A5D646F27495CBC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Forward mortgage-backed securities</link:label>
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    <link:label id="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D5C968C56D56F1AF37E07422C19DB1B2_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D5C968C56D56F1AF37E07422C19DB1B2" 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_D5C968C56D56F1AF37E07422C19DB1B2_label_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D5C968C56D56F1AF37E07422C19DB1B2" 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_D5C968C56D56F1AF37E07422C19DB1B2_documentation_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_D5C968C56D56F1AF37E07422C19DB1B2" 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>
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    <link:label id="lab_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Interest Expense [Table]</link:label>
    <link:label id="lab_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2_label_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Interest Expense [Table]</link:label>
    <link:label id="lab_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2_documentation_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Interest Expense [Table]</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_ScheduleofInterestExpenseTable" xlink:label="loc_ocn_ScheduleofInterestExpenseTable_A3FE03162ABC90355514646F246C65B2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CounterpartyNameAxis_5B4552A1D7FA549ADCBA646F246C0C2A_terseLabel_en-US" xlink:label="lab_us-gaap_CounterpartyNameAxis_5B4552A1D7FA549ADCBA646F246C0C2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:label id="lab_us-gaap_CounterpartyNameAxis_5B4552A1D7FA549ADCBA646F246C0C2A_label_en-US" xlink:label="lab_us-gaap_CounterpartyNameAxis_5B4552A1D7FA549ADCBA646F246C0C2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
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    <link:label id="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_159145E4E05DD8651C5B646F246CCB36_label_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementCounterpartyNameDomain_159145E4E05DD8651C5B646F246CCB36" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
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    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_22BB770C42F7EA37720D646F246C7484_terseLabel_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_22BB770C42F7EA37720D646F246C7484" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ [Member]</link:label>
    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_22BB770C42F7EA37720D646F246C7484_label_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_22BB770C42F7EA37720D646F246C7484" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Residential Investment Corp [Member]</link:label>
    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_22BB770C42F7EA37720D646F246C7484_documentation_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_22BB770C42F7EA37720D646F246C7484" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Residential Investment Corp.</link:label>
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    <link:label id="lab_ocn_ScheduleofInterestExpenseLineItems_DFFB0B2BAD8DFCBE05BD646F246CC43E_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseLineItems_DFFB0B2BAD8DFCBE05BD646F246CC43E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Interest Expense [Line Items]</link:label>
    <link:label id="lab_ocn_ScheduleofInterestExpenseLineItems_DFFB0B2BAD8DFCBE05BD646F246CC43E_label_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseLineItems_DFFB0B2BAD8DFCBE05BD646F246CC43E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Interest Expense [Line Items]</link:label>
    <link:label id="lab_ocn_ScheduleofInterestExpenseLineItems_DFFB0B2BAD8DFCBE05BD646F246CC43E_documentation_en-US" xlink:label="lab_ocn_ScheduleofInterestExpenseLineItems_DFFB0B2BAD8DFCBE05BD646F246CC43E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Line Items] for Schedule of Interest Expense [Table]</link:label>
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    <link:label id="lab_ocn_CompensatoryFeePayable_FF778EFBE9BEBEDE59C6646F246C03BE_terseLabel_en-US" xlink:label="lab_ocn_CompensatoryFeePayable_FF778EFBE9BEBEDE59C6646F246C03BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Compensatory fee payable</link:label>
    <link:label id="lab_ocn_CompensatoryFeePayable_FF778EFBE9BEBEDE59C6646F246C03BE_label_en-US" xlink:label="lab_ocn_CompensatoryFeePayable_FF778EFBE9BEBEDE59C6646F246C03BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compensatory Fee Payable</link:label>
    <link:label id="lab_ocn_CompensatoryFeePayable_FF778EFBE9BEBEDE59C6646F246C03BE_documentation_en-US" xlink:label="lab_ocn_CompensatoryFeePayable_FF778EFBE9BEBEDE59C6646F246C03BE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the compensatory fees payable for certain increased costs associated with its servicing advance financing facilities that are the direct result of a downgrade of S&amp;P servicer rating.</link:label>
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    <link:label id="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_31852A409233BBF9D76B74BA70510A58_terseLabel_en-US" xlink:label="lab_ocn_ValuationAllowanceforLoansHeldforSaleMember_31852A409233BBF9D76B74BA70510A58" 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>
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    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_89A1CE9370383D470148A413D4009759_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_89A1CE9370383D470148A413D4009759" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from custodial accounts</link:label>
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    <link:label id="lab_ocn_CounterPartyReceivables_FB761B291406DD54B90BA413D400E203_terseLabel_en-US" xlink:label="lab_ocn_CounterPartyReceivables_FB761B291406DD54B90BA413D400E203" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from NRZ</link:label>
    <link:label id="lab_ocn_CounterPartyReceivables_FB761B291406DD54B90BA413D400E203_label_en-US" xlink:label="lab_ocn_CounterPartyReceivables_FB761B291406DD54B90BA413D400E203" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counter Party Receivables</link:label>
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    <link:label id="lab_ocn_ServicingReceivableOther_AF6D0E6B617BB4D962D8A413D401DBA8_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableOther_AF6D0E6B617BB4D962D8A413D401DBA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_ServicingReceivableOther_AF6D0E6B617BB4D962D8A413D401DBA8_label_en-US" xlink:label="lab_ocn_ServicingReceivableOther_AF6D0E6B617BB4D962D8A413D401DBA8" 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_AF6D0E6B617BB4D962D8A413D401DBA8_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableOther_AF6D0E6B617BB4D962D8A413D401DBA8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Other</link:label>
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    <link:label id="lab_ocn_ServicingReceivableNet_61EFDC0190CA210A1FBCA413D40161C3_totalLabel_en-US" xlink:label="lab_ocn_ServicingReceivableNet_61EFDC0190CA210A1FBCA413D40161C3" 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_61EFDC0190CA210A1FBCA413D40161C3_label_en-US" xlink:label="lab_ocn_ServicingReceivableNet_61EFDC0190CA210A1FBCA413D40161C3" 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_61EFDC0190CA210A1FBCA413D40161C3_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableNet_61EFDC0190CA210A1FBCA413D40161C3" 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-20170630.xsd#ocn_ServicingReceivableNet" xlink:label="loc_ocn_ServicingReceivableNet_61EFDC0190CA210A1FBCA413D40161C3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeTaxReceivable_4F10E725325F9106680BA413D40181D1_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_4F10E725325F9106680BA413D40181D1" 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_4F10E725325F9106680BA413D40181D1_label_en-US" xlink:label="lab_us-gaap_IncomeTaxReceivable_4F10E725325F9106680BA413D40181D1" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReceivable" xlink:label="loc_us-gaap_IncomeTaxReceivable_4F10E725325F9106680BA413D40181D1" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF" 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_088C0A2406317EDA3BF6A413D401E6FF_label_en-US" xlink:label="lab_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF" 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_088C0A2406317EDA3BF6A413D401E6FF_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF" 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-20170630.xsd#ocn_OtherReceivablesNet" xlink:label="loc_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF" xlink:to="lab_ocn_OtherReceivablesNet_088C0A2406317EDA3BF6A413D401E6FF" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesGross_E7B47441A3951CD2D541A413D4011A1C_totalLabel_en-US" xlink:label="lab_ocn_OtherReceivablesGross_E7B47441A3951CD2D541A413D4011A1C" 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_E7B47441A3951CD2D541A413D4011A1C_label_en-US" xlink:label="lab_ocn_OtherReceivablesGross_E7B47441A3951CD2D541A413D4011A1C" 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_E7B47441A3951CD2D541A413D4011A1C_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesGross_E7B47441A3951CD2D541A413D4011A1C" 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-20170630.xsd#ocn_OtherReceivablesGross" xlink:label="loc_ocn_OtherReceivablesGross_E7B47441A3951CD2D541A413D4011A1C" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_CB4E14D29A53761095E9A413D4016DDC_negatedTerseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_CB4E14D29A53761095E9A413D4016DDC" 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_CB4E14D29A53761095E9A413D4016DDC_label_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_CB4E14D29A53761095E9A413D4016DDC" 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_CB4E14D29A53761095E9A413D4016DDC_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_CB4E14D29A53761095E9A413D4016DDC" 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-20170630.xsd#ocn_OtherReceivablesAllowanceForLosses" xlink:label="loc_ocn_OtherReceivablesAllowanceForLosses_CB4E14D29A53761095E9A413D4016DDC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87_totalLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87" xlink:to="lab_us-gaap_OtherReceivables_DA9B8C43A0ECE7288C59A413D401DD87" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableNoncurrent_7F5B536D73224F4AF4B8646F261152B6_periodStartLabel_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableNoncurrent_7F5B536D73224F4AF4B8646F261152B6" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForNotesAndLoansReceivableNoncurrent" xlink:label="loc_us-gaap_AllowanceForNotesAndLoansReceivableNoncurrent_7F5B536D73224F4AF4B8646F261152B6" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ValuationAllowancesAndReservesAdjustments" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesAdjustments_76FB861061D8C8978C69646F26110E02" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowanceForImpairmentOfRecognizedServicingAssetsSales_88FCA124198A14717E8E646F2611DEFC_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowanceForImpairmentOfRecognizedServicingAssetsSales_88FCA124198A14717E8E646F2611DEFC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sales of loans</link:label>
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    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_BD652DA6E1F817AF0D5A9D43F1B058AA_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_BD652DA6E1F817AF0D5A9D43F1B058AA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale ($239,490 and $284,632 carried at fair value)</link:label>
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_BD652DA6E1F817AF0D5A9D43F1B058AA_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_BD652DA6E1F817AF0D5A9D43F1B058AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_BD652DA6E1F817AF0D5A9D43F1B058AA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_19E625C5E772510341AD9D43F1B0861D_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_19E625C5E772510341AD9D43F1B0861D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment, at fair value</link:label>
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_19E625C5E772510341AD9D43F1B0861D_label_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_19E625C5E772510341AD9D43F1B0861D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_19E625C5E772510341AD9D43F1B0861D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherReceivables_87D51BE0130DF0B749049D43F1B02781_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_87D51BE0130DF0B749049D43F1B02781" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment, net</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_54EABC69DC4D76A1E7DE9D43F1B04F6A" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_4EE9AACA0AC5973490719D43F1B0B1D0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_4EE9AACA0AC5973490719D43F1B0B1D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets ($18,037 and $20,007 carried at fair value) ($26,570 and $43,331 related to VIEs)</link:label>
    <link:label id="lab_us-gaap_OtherAssets_4EE9AACA0AC5973490719D43F1B0B1D0_label_en-US" xlink:label="lab_us-gaap_OtherAssets_4EE9AACA0AC5973490719D43F1B0B1D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
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    <link:label id="lab_us-gaap_Assets_8A483CC4E1DC3C3850A99D43F1B0B566_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_8A483CC4E1DC3C3850A99D43F1B0B566" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_us-gaap_Assets_8A483CC4E1DC3C3850A99D43F1B0B566_label_en-US" xlink:label="lab_us-gaap_Assets_8A483CC4E1DC3C3850A99D43F1B0B566" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_8A483CC4E1DC3C3850A99D43F1B0B566" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_05C24BDE948B6328B9AD9D43F1B08103_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_05C24BDE948B6328B9AD9D43F1B08103" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_05C24BDE948B6328B9AD9D43F1B08103_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_05C24BDE948B6328B9AD9D43F1B08103" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities and Equity [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_05C24BDE948B6328B9AD9D43F1B08103" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9" xlink:to="lab_us-gaap_LiabilitiesAbstract_399BDBAF819C4D6D2E7D9D43F1B092E9" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_743D9DD82F4B2E5246719D43F1B02BF3_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_743D9DD82F4B2E5246719D43F1B02BF3" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other financing liabilities ($441,007 and $477,707 carried at fair value)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_743D9DD82F4B2E5246719D43F1B02BF3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_743D9DD82F4B2E5246719D43F1B02BF3" xlink:to="lab_us-gaap_DebtInstrumentCarryingAmount_743D9DD82F4B2E5246719D43F1B02BF3" xlink:type="arc" />
    <link:label id="lab_us-gaap_SecuredDebtOther_D3F4EDC8835BFA59E00C9D43F1B0F6B8_verboseLabel_en-US" xlink:label="lab_us-gaap_SecuredDebtOther_D3F4EDC8835BFA59E00C9D43F1B0F6B8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other secured borrowings, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SecuredDebtOther" xlink:label="loc_us-gaap_SecuredDebtOther_D3F4EDC8835BFA59E00C9D43F1B0F6B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuredDebtOther_D3F4EDC8835BFA59E00C9D43F1B0F6B8" xlink:to="lab_us-gaap_SecuredDebtOther_D3F4EDC8835BFA59E00C9D43F1B0F6B8" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherLiabilities_0490B0FE38961800E47D9D43F1B0ED10_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_0490B0FE38961800E47D9D43F1B0ED10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities ($11 and $1,550 carried at fair value)</link:label>
    <link:label id="lab_us-gaap_OtherLiabilities_0490B0FE38961800E47D9D43F1B0ED10_label_en-US" xlink:label="lab_us-gaap_OtherLiabilities_0490B0FE38961800E47D9D43F1B0ED10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="loc_us-gaap_OtherLiabilities_0490B0FE38961800E47D9D43F1B0ED10" xlink:type="locator" />
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    <link:label id="lab_us-gaap_Liabilities_3B32B9865A9CD4A7D5D69D43F1B015EF_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities_3B32B9865A9CD4A7D5D69D43F1B015EF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_3B32B9865A9CD4A7D5D69D43F1B015EF_label_en-US" xlink:label="lab_us-gaap_Liabilities_3B32B9865A9CD4A7D5D69D43F1B015EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_3B32B9865A9CD4A7D5D69D43F1B015EF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommitmentsAndContingencies_13305595AA275CD595829D43F1B0E18D_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_13305595AA275CD595829D43F1B0E18D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
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    <link:label id="lab_us-gaap_StockholdersEquityAbstract_7789F2A792D59021A6679D43F1B0A01C_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityAbstract_7789F2A792D59021A6679D43F1B0A01C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Financial Corporation (Ocwen) stockholders&#8217; equity</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="loc_us-gaap_StockholdersEquityAbstract_7789F2A792D59021A6679D43F1B0A01C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingencyReceivableCurrent_B5AF7214DFB75E031986A893CFD71137_label_en-US" xlink:label="lab_us-gaap_LossContingencyReceivableCurrent_B5AF7214DFB75E031986A893CFD71137" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Receivable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyReceivableCurrent" xlink:label="loc_us-gaap_LossContingencyReceivableCurrent_B5AF7214DFB75E031986A893CFD71137" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyReceivableCurrent_B5AF7214DFB75E031986A893CFD71137" xlink:to="lab_us-gaap_LossContingencyReceivableCurrent_B5AF7214DFB75E031986A893CFD71137" xlink:type="arc" />
    <link:label id="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210_terseLabel_en-US" xlink:label="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of common stock to plaintiffs, shares</link:label>
    <link:label id="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210_label_en-US" xlink:label="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance Of Common Stock To Plaintiffs Shares</link:label>
    <link:label id="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210_documentation_en-US" xlink:label="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the number of commons stock to be issued to plaintiffs upon the settlement.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_IssuanceOfCommonStockToPlaintiffsShares" xlink:label="loc_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210" xlink:to="lab_ocn_IssuanceOfCommonStockToPlaintiffsShares_7A6382DEEE9E3FDA135EA893CFD79210" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfStockIssuedOnOutstandingCommonStock_559F2620B7DB9C18A2EAA893CFD711BF_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfStockIssuedOnOutstandingCommonStock_559F2620B7DB9C18A2EAA893CFD711BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of stock issued on outstanding common stock</link:label>
    <link:label id="lab_ocn_PercentageOfStockIssuedOnOutstandingCommonStock_559F2620B7DB9C18A2EAA893CFD711BF_label_en-US" xlink:label="lab_ocn_PercentageOfStockIssuedOnOutstandingCommonStock_559F2620B7DB9C18A2EAA893CFD711BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Stock Issued On Outstanding Common Stock</link:label>
    <link:label id="lab_ocn_PercentageOfStockIssuedOnOutstandingCommonStock_559F2620B7DB9C18A2EAA893CFD711BF_documentation_en-US" xlink:label="lab_ocn_PercentageOfStockIssuedOnOutstandingCommonStock_559F2620B7DB9C18A2EAA893CFD711BF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the maximum percentage of the equity stock to be issued on the company&#8217;s outstanding common stock as on the date of court approval on settlement.</link:label>
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    <link:label id="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6_terseLabel_en-US" xlink:label="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of common stock to plaintiffs, value</link:label>
    <link:label id="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6_label_en-US" xlink:label="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issuance Of Common Stock To Plaintiffs Value</link:label>
    <link:label id="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6_documentation_en-US" xlink:label="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the value of commons stock to be issued to plaintiffs upon the settlement.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_IssuanceOfCommonStockToPlaintiffsValue" xlink:label="loc_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6" xlink:to="lab_ocn_IssuanceOfCommonStockToPlaintiffsValue_53ADC27817279D4AC5F8A893CFD746B6" xlink:type="arc" />
    <link:label id="lab_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Litigation settlement amount</link:label>
    <link:label id="lab_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE_label_en-US" xlink:label="lab_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Settlement, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationSettlementAmount" xlink:label="loc_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE" xlink:to="lab_us-gaap_LitigationSettlementAmount_3AA92DCA7CF9C26F8622A893CFD739CE" xlink:type="arc" />
    <link:label id="lab_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Litigation settlement expense</link:label>
    <link:label id="lab_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5_label_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Litigation Settlement, Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationSettlementExpense" xlink:label="loc_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5" xlink:to="lab_us-gaap_LitigationSettlementExpense_7EEBC89A2EDD0AD927C7A893CFD73EA5" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states charging with regulatory action</link:label>
    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565_label_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Charging With Regulatory Action</link:label>
    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the number of states which have taken regulatory action, alleging breaches of various laws, regulations and licensing requirements, including those related to escrow administration and proper licensing of business activities.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesChargingWithRegulatoryAction" xlink:label="loc_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565" xlink:to="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_287357A3C3D1B508007CA893CFD76565" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states where acquiring new mortgage servicing rights are prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Where Acquiring New Mortgage Servicing Rights Are Prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states where acquiring new mortgage servicing rights are prohibited following the cease and desist order.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited" xlink:label="loc_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593" xlink:to="lab_ocn_NumberOfStatesWhereAcquiringNewMortgageServicingRightsAreProhibited_5C04770ED159F614DD16A893CFD70593" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states where originating or acquiring new mortgage loans where we would be servicer are prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Where Originating Or Acquiring New Mortgage Loans Where We Would Be Servicer Are Prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states where originating or acquiring new mortgage loans where we would be servicer are prohibited following the cease and desist order.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited" xlink:label="loc_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084" xlink:to="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansWhereWeWouldBeServicerAreProhibited_3B8655EFD1EFF35D4759A893CFD7C084" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states where originating or acquiring new mortgage loans are prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Where Originating Or Acquiring New Mortgage Loans Are Prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states where originating or acquiring new mortgage loans are prohibited following the cease and desist order.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited" xlink:label="loc_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8" xlink:to="lab_ocn_NumberOfStatesWhereOriginatingOrAcquiringNewMortgageLoansAreProhibited_DAF5B941B9F213E38B92A893CFD7E9C8" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states where conducting foreclosure activities are prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Where Conducting Foreclosure Activities Are Prohibited</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states where conducting foreclosure activities are prohibited following the cease and desist order.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited" xlink:label="loc_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3" xlink:to="lab_ocn_NumberOfStatesWhereConductingForeclosureActivitiesAreProhibited_7EED814AA43926F02BF3A893CFD744C3" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states where origination activities are paused</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Where Origination Activities Are Paused</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of states where origination activities are paused following the regulatory action taken by different states.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesWhereOriginationActivitiesArePaused" xlink:label="loc_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30" xlink:to="lab_ocn_NumberOfStatesWhereOriginationActivitiesArePaused_4AAB0AED890D2129453DA893CFD72A30" xlink:type="arc" />
    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of states who are part of confidential supervisory memorandum of understanding</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of States Who Are Part Of Confidential Supervisory Memorandum Of Understanding</link:label>
    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of states which are part of confidential supervisory memorandum of understanding.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding" xlink:label="loc_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C" xlink:to="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_92D84F840B67F833EB1DA893CFD7333C" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Injunctive and equitable relief, costs, and civil money penalties sought</link:label>
    <link:label id="lab_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994_label_en-US" xlink:label="lab_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Damages Sought, Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:label="loc_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994" xlink:to="lab_us-gaap_LossContingencyDamagesSoughtValue_59E89824AEB2B637EED9A893CFD70994" xlink:type="arc" />
    <link:label id="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED_terseLabel_en-US" xlink:label="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forbearance period for exercising rights on guaranty agreements</link:label>
    <link:label id="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED_label_en-US" xlink:label="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forbearance Period For Exercising Rights On Guaranty Agreements</link:label>
    <link:label id="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED_documentation_en-US" xlink:label="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the forbearance period for exercising rights on guaranty agreements related to mortgage-backed securities and home equity conversion loan pools.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements" xlink:label="loc_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED" xlink:to="lab_ocn_ForbearancePeriodForExercisingRightsOnGuarantyAgreements_4093338B4BF73E33F1C4A893CFD782ED" xlink:type="arc" />
    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B_terseLabel_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial penalties in case of uncured violations</link:label>
    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B_label_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Penalties In Case Of Uncured Violations</link:label>
    <link:label id="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B_documentation_en-US" xlink:label="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial penalties in case of uncured violations.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_FinancialPenaltiesInCaseOfUncuredViolations" xlink:label="loc_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B" xlink:to="lab_ocn_FinancialPenaltiesInCaseOfUncuredViolations_098B6550D074515A0CF3A893CFD7F78B" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Civil penalty</link:label>
    <link:label id="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643_label_en-US" xlink:label="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Estimate of Possible Loss</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyEstimateOfPossibleLoss" xlink:label="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643" xlink:to="lab_us-gaap_LossContingencyEstimateOfPossibleLoss_06AC2E32997B5885682EA893CFD74643" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warranty repurchase demands unpaid principal balance</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warranty Repurchase Demands Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unpaid principal balance related to outstanding representation and warranty repurchase demands as of the end of the period.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance" xlink:label="loc_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1" xlink:to="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_B411F1020EA2A2CE12C6A893CFD779D1" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warranty repurchase demands number of loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warranty Repurchase Demands Number Of Loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the number of loans related to outstanding representation and warranty repurchase demands as of the end of the period.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_WarrantyRepurchaseDemandsNumberOfLoans" xlink:label="loc_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2" xlink:to="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_669703FEDC388B1617E7A893CFD705A2" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_FA87CD90A71E1FDDECC7EA9FEE3936C4_terseLabel_en-US" xlink:label="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_C91AFFAE25FB5B4689EF381496C27370" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Cash Flows Related to Transfers Accounted for as Sales</link:label>
    <link:label id="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_FA87CD90A71E1FDDECC7EA9FEE3936C4_label_en-US" xlink:label="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_C91AFFAE25FB5B4689EF381496C27370" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Cash Flows Related To Transfers Accounted For As Sale [Table Text Block]</link:label>
    <link:label id="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_FA87CD90A71E1FDDECC7EA9FEE3936C4_documentation_en-US" xlink:label="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_C91AFFAE25FB5B4689EF381496C27370" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Cash Flows Related To Transfers Accounted For As Sale [Table Text Block]</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock" xlink:label="loc_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_C91AFFAE25FB5B4689EF381496C27370" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_C91AFFAE25FB5B4689EF381496C27370" xlink:to="lab_ocn_ScheduleOfCashFlowsRelatedToTransfersAccountedForAsSaleTableTextBlock_C91AFFAE25FB5B4689EF381496C27370" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_6C5D5B8B7CBEB7DE5A10EA9FEE399FE6_terseLabel_en-US" xlink:label="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_CB7FC1CA796E54C18FF0AA490547815C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Assets That Relate to Continuing Involvement with Transferred Financial Assets with Servicing Rights and Maximum Exposure to Loss Including the Unpaid Principal Balance</link:label>
    <link:label id="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_6C5D5B8B7CBEB7DE5A10EA9FEE399FE6_label_en-US" xlink:label="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_CB7FC1CA796E54C18FF0AA490547815C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Assets That Relate To Continuing Involvement With Transferred Financial Assets With Servicing Rights And Maximum Exposure To Loss Including The Unpaid Principal Balance [Table Text Block]</link:label>
    <link:label id="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_6C5D5B8B7CBEB7DE5A10EA9FEE399FE6_documentation_en-US" xlink:label="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_CB7FC1CA796E54C18FF0AA490547815C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Assets That Relate To Continuing Involvement With Transferred Financial Assets With Servicing Rights And Maximum Exposure To Loss Including The Unpaid Principal Balance [Table Text Block]</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock" xlink:label="loc_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_CB7FC1CA796E54C18FF0AA490547815C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_CB7FC1CA796E54C18FF0AA490547815C" xlink:to="lab_ocn_ScheduleOfAssetsThatRelateToContinuingInvolvementWithTransferredFinancialAssetsWithServicingRightsAndMaximumExposureToLossIncludingTheUnpaidPrincipalBalanceTableTextBlock_CB7FC1CA796E54C18FF0AA490547815C" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_E1461B6B12D863466FFCEA9FEAB17E41_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_B375053B78A05719B6A3DEC1D8458E24" 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_E1461B6B12D863466FFCEA9FEAB17E41_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_B375053B78A05719B6A3DEC1D8458E24" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_B375053B78A05719B6A3DEC1D8458E24" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureTextBlock_B375053B78A05719B6A3DEC1D8458E24" xlink:to="lab_us-gaap_DebtDisclosureTextBlock_B375053B78A05719B6A3DEC1D8458E24" xlink:type="arc" />
    <link:label id="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA_terseLabel_en-US" xlink:label="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or After May 15, 2017 [Member]</link:label>
    <link:label id="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA_label_en-US" xlink:label="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On Or After May Fifteen Two Thousand Seventeen [Member]</link:label>
    <link:label id="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA_documentation_en-US" xlink:label="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redemption of notes on or after May 15, 2016.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember" xlink:label="loc_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA" xlink:to="lab_ocn_OnOrAfterMayFifteenTwoThousandSeventeenMember_68C87E4ECECC12F794967422C11021CA" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">May 15, 2018 [Member]</link:label>
    <link:label id="lab_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E_label_en-US" xlink:label="lab_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Redemption Period Six [Member]</link:label>
    <link:label id="lab_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument redemption period.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_DebtInstrumentRedemptionPeriodSixMember" xlink:label="loc_ocn_DebtInstrumentRedemptionPeriodSixMember_1AC7C70BF7C284D4680A7422C110B59E" xlink:type="locator" />
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    <link:label id="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399_terseLabel_en-US" xlink:label="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">On or Before November 15, 2018 [Member]</link:label>
    <link:label id="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399_label_en-US" xlink:label="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">On Or Before November Fifteen Two Thousand Eighteen [Member]</link:label>
    <link:label id="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399_documentation_en-US" xlink:label="lab_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notes redemption on or before November 15, 2018.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember" xlink:label="loc_ocn_OnOrBeforeNovemberFifteenTwoThousandEighteenMember_AD30506585028A65046C7422C1100399" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_98FD51BCC61B055560197422C110DD7C_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_98FD51BCC61B055560197422C110DD7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_98FD51BCC61B055560197422C110DD7C_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_98FD51BCC61B055560197422C110DD7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_98FD51BCC61B055560197422C110DD7C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484" xlink:to="lab_us-gaap_SegmentDomain_AE5550119F17B2FDFD6F7422C110D484" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB_terseLabel_en-US" xlink:label="lab_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB" 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_3F957887F3A93E79C5847422C11003DB_label_en-US" xlink:label="lab_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB" 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_3F957887F3A93E79C5847422C11003DB_documentation_en-US" xlink:label="lab_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB" 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-20170630.xsd#ocn_ServicingMember" xlink:label="loc_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB" xlink:to="lab_ocn_ServicingMember_3F957887F3A93E79C5847422C11003DB" xlink:type="arc" />
    <link:label id="lab_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A_terseLabel_en-US" xlink:label="lab_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A" 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_C26AA0224A7DF5EFEC0F7422C110836A_label_en-US" xlink:label="lab_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A" 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_C26AA0224A7DF5EFEC0F7422C110836A_documentation_en-US" xlink:label="lab_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A" 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-20170630.xsd#ocn_LendingMember" xlink:label="loc_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A" xlink:to="lab_ocn_LendingMember_C26AA0224A7DF5EFEC0F7422C110836A" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredDebtMember_13BA348AF4574B3322C17422C1102947_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_13BA348AF4574B3322C17422C1102947" 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_13BA348AF4574B3322C17422C1102947_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_13BA348AF4574B3322C17422C1102947" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_13BA348AF4574B3322C17422C1102947" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebtMember_13BA348AF4574B3322C17422C1102947" xlink:to="lab_us-gaap_UnsecuredDebtMember_13BA348AF4574B3322C17422C1102947" xlink:type="arc" />
    <link:label id="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8_terseLabel_en-US" xlink:label="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.625 Senior Notes, Due 2019 [Member]</link:label>
    <link:label id="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8_label_en-US" xlink:label="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Six Point Six Two Five Percent Senior Notes, Due Two Thousand Nineteen [Member]</link:label>
    <link:label id="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8_documentation_en-US" xlink:label="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Six Point Six Two Five Percent Senior Notes, Due Two Thousand Nineteen [Member]</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember" xlink:label="loc_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8" xlink:to="lab_ocn_SixPointSixTwoFivePercentSeniorNotesDueTwoThousandNineteenMember_174A950839FCC8A3081A7422C110D8E8" xlink:type="arc" />
    <link:label id="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C_terseLabel_en-US" xlink:label="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">8.375% Senior Secured Notes Due In 2022 [Member]</link:label>
    <link:label id="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C_label_en-US" xlink:label="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eight Point Three Seven Five Senior Secured Notes Due In Two Thousand Twenty Two [Member]</link:label>
    <link:label id="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C_documentation_en-US" xlink:label="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">8.375% Senior Secured Notes Due 2022.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember" xlink:label="loc_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C" xlink:to="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_331336CB60CA78D20D957422C110DC8C" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UPB of rights to MSRs sold</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Face Amount of Mortgages</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5" xlink:to="lab_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_F507E8F93CBC3AE59E837422C11025A5" xlink:type="arc" />
    <link:label id="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA_terseLabel_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding servicing advances</link:label>
    <link:label id="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA_label_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Outstanding Servicing Advances</link:label>
    <link:label id="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA_documentation_en-US" xlink:label="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Outstanding servicing advances in connection with rights to MSRs sold.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_OutstandingServicingAdvances" xlink:label="loc_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA" xlink:to="lab_ocn_OutstandingServicingAdvances_614096725AC200F379987422C11012DA" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption period, notice</link:label>
    <link:label id="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8_label_en-US" xlink:label="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Period Notice</link:label>
    <link:label id="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption Period Notice</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_DebtInstrumentRedemptionPeriodNotice" xlink:label="loc_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8" xlink:to="lab_ocn_DebtInstrumentRedemptionPeriodNotice_5CCD39CFA6BAB0312D5A7422C11042B8" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum percentage available for redemption using net cash proceeds of one or more Equity Offerings as defined in Indenture</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438_label_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use Of Cash Proceeds From Equity Offerings, Percentage Of Principal Amount Redeemable</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use of Cash Proceeds From Equity Offerings, Percentage of Principal Amount Redeemable</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable" xlink:label="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438" xlink:to="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsPercentageOfPrincipalAmountRedeemable_FFFA6A3051D5E76A5FEE7422C110F438" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_C05A66F71E482EFF039F7422C110A1A9_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_C05A66F71E482EFF039F7422C110A1A9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount, redemption price</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_C05A66F71E482EFF039F7422C110A1A9_label_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsRedemptionPricePercentage_C05A66F71E482EFF039F7422C110A1A9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use Of Cash Proceeds From Equity Offerings, Redemption Price, Percentage</link:label>
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    <link:label id="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_9136AD0588608FBC3CED7422C110D97E_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_9136AD0588608FBC3CED7422C110D97E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount to remain outstanding after redemption requirement</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_9136AD0588608FBC3CED7422C110D97E_label_en-US" xlink:label="lab_ocn_DebtInstrumentUseofCashProceedsFromEquityOfferingsMinimumPercentageofPrincipalAmountOutstanding_9136AD0588608FBC3CED7422C110D97E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use of Cash Proceeds From Equity Offerings, Minimum Percentage of Principal Amount Outstanding</link:label>
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    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum period for redemption after consummation of equity offering</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA_label_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use Of Cash Proceeds From Equity Offerings For Redemption, Maximum Days After Consummation Of Offering</link:label>
    <link:label id="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Use Of Cash Proceeds From Equity Offerings For Redemption, Maximum Days After Consummation Of Offering</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering" xlink:label="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA" xlink:to="lab_ocn_DebtInstrumentUseOfCashProceedsFromEquityOfferingsForRedemptionMaximumDaysAfterConsummationOfOffering_2B3A636413AA43A1447D7422C1108CEA" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_52BC2CF268DBBA8923F37422C1104AFC_terseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_52BC2CF268DBBA8923F37422C1104AFC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unamortized debt issuance costs</link:label>
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    <link:label id="lab_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of loan to value</link:label>
    <link:label id="lab_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C_label_en-US" xlink:label="lab_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Loan To Collateral Value</link:label>
    <link:label id="lab_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C_documentation_en-US" xlink:label="lab_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of loan to collateral value.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_PercentageOfLoanToCollateralValue" xlink:label="loc_ocn_PercentageOfLoanToCollateralValue_4CB96659095C17B580217422C110FE1C" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of principal amount, repurchase price</link:label>
    <link:label id="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E_label_en-US" xlink:label="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Change Of Control, Purchase Price, Percentage</link:label>
    <link:label id="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Change Of Control, Purchase Price, Percentage</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_DebtInstrumentChangeOfControlPurchasePricePercentage" xlink:label="loc_ocn_DebtInstrumentChangeOfControlPurchasePricePercentage_FCA29BCA7289C091E4497422C110840E" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_1E3073CD26EC5CDF2D667422C1108F8C_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_1E3073CD26EC5CDF2D667422C1108F8C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covenant compliance, consolidated tangible net worth at period end</link:label>
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    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_1E3073CD26EC5CDF2D667422C1108F8C_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_1E3073CD26EC5CDF2D667422C1108F8C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of consolidated tangible net worth requirement as part of the most restrictive covenant requirement.</link:label>
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    <link:label id="lab_ocn_AdvancesOnBehalfofBorrowersTable_903421676F146E3E60EC1C8FE267B671_terseLabel_en-US" xlink:label="lab_ocn_AdvancesOnBehalfofBorrowersTable_2684EB5AECCA55DDB3C7EE16E025B687" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances On Behalf of Borrowers [Table]</link:label>
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    <link:label id="lab_ocn_TaxesAndInsuranceMember_E4DB13CEA7198A184F541C8FE267E336_terseLabel_en-US" xlink:label="lab_ocn_TaxesAndInsuranceMember_35E482B76C565AFFB49750DD04AE5DB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes and Insurance [Member]</link:label>
    <link:label id="lab_ocn_TaxesAndInsuranceMember_E4DB13CEA7198A184F541C8FE267E336_label_en-US" xlink:label="lab_ocn_TaxesAndInsuranceMember_35E482B76C565AFFB49750DD04AE5DB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes And Insurance [Member]</link:label>
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    <link:loc xlink:href="ocn-20170630.xsd#ocn_TaxesAndInsuranceMember" xlink:label="loc_ocn_TaxesAndInsuranceMember_35E482B76C565AFFB49750DD04AE5DB4" xlink:type="locator" />
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    <link:label id="lab_ocn_ForeclosuresAndBankruptcyCostsMember_DD57D18CB3FE9F18C19C1C8FE2671945_terseLabel_en-US" xlink:label="lab_ocn_ForeclosuresAndBankruptcyCostsMember_3DC6A87FBAAA59F2A23382F85E1B177B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreclosures, Bankruptcy and Other [Member]</link:label>
    <link:label id="lab_ocn_ForeclosuresAndBankruptcyCostsMember_DD57D18CB3FE9F18C19C1C8FE2671945_label_en-US" xlink:label="lab_ocn_ForeclosuresAndBankruptcyCostsMember_3DC6A87FBAAA59F2A23382F85E1B177B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreclosures And Bankruptcy Costs [Member]</link:label>
    <link:label id="lab_ocn_ForeclosuresAndBankruptcyCostsMember_DD57D18CB3FE9F18C19C1C8FE2671945_documentation_en-US" xlink:label="lab_ocn_ForeclosuresAndBankruptcyCostsMember_3DC6A87FBAAA59F2A23382F85E1B177B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances on foreclosures, bankruptcy and other.</link:label>
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    <link:label id="lab_ocn_AdvancesOnBehalfofBorrowersLineItems_DB811CE9C6518E7D736E1C8FE267CCBE_terseLabel_en-US" xlink:label="lab_ocn_AdvancesOnBehalfofBorrowersLineItems_AFC24777F84F5ED983E15B963D06228E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances On Behalf of Borrowers [Line Items]</link:label>
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    <link:loc xlink:href="ocn-20170630.xsd#ocn_OtherAssetsLineItems" xlink:label="loc_ocn_OtherAssetsLineItems_E2C4520E107731340B7574B4ED9DBE3F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_640867157F129576A8BF74B6C43CAE64_verboseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_640867157F129576A8BF74B6C43CAE64" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in allowance of Automotive Dealer Financing Notes</link:label>
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    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_4AE35E7C1B680F9E5FC3646F2508D606_terseLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_4AE35E7C1B680F9E5FC3646F2508D606" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_4AE35E7C1B680F9E5FC3646F2508D606_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesAmount_4AE35E7C1B680F9E5FC3646F2508D606" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fees, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesAmount" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesAmount_4AE35E7C1B680F9E5FC3646F2508D606" xlink:type="locator" />
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    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_71366F128ADDF5C09090646F2508427D_terseLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_71366F128ADDF5C09090646F2508427D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subservicing</link:label>
    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_71366F128ADDF5C09090646F2508427D_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_71366F128ADDF5C09090646F2508427D" 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_71366F128ADDF5C09090646F2508427D_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_71366F128ADDF5C09090646F2508427D" 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-20170630.xsd#ocn_ContractuallySpecifiedSubservicingFeesAmount" xlink:label="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_71366F128ADDF5C09090646F2508427D" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_C95311EC4F725EB5D5D8646F2508316D_terseLabel_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_C95311EC4F725EB5D5D8646F2508316D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ</link:label>
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    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_C95311EC4F725EB5D5D8646F2508316D_documentation_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_C95311EC4F725EB5D5D8646F2508316D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing fee collected on mortgage servicing rights for which rights have been sold to NRZ.</link:label>
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    <link:label id="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_5E1E3D00889C1B659417646F2508C960_totalLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_5E1E3D00889C1B659417646F2508C960" 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_5E1E3D00889C1B659417646F2508C960_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_5E1E3D00889C1B659417646F2508C960" 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_5E1E3D00889C1B659417646F2508C960_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_5E1E3D00889C1B659417646F2508C960" 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>
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    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_05A4E618E00CD55CF744646F2508EACA_terseLabel_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_05A4E618E00CD55CF744646F2508EACA" 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_05A4E618E00CD55CF744646F2508EACA_label_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_05A4E618E00CD55CF744646F2508EACA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Late Fee Income Generated by Servicing Financial Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_05A4E618E00CD55CF744646F2508EACA" xlink:type="locator" />
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    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_6BE6869CD56754788D35646F25088C92_terseLabel_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_6BE6869CD56754788D35646F25088C92" 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_6BE6869CD56754788D35646F25088C92_label_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_6BE6869CD56754788D35646F25088C92" 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_6BE6869CD56754788D35646F25088C92_documentation_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_6BE6869CD56754788D35646F25088C92" 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>
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    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_146C0478B447F0613A4C646F2508D448_terseLabel_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_146C0478B447F0613A4C646F2508D448" 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_146C0478B447F0613A4C646F2508D448_label_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_146C0478B447F0613A4C646F2508D448" 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_146C0478B447F0613A4C646F2508D448_documentation_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_146C0478B447F0613A4C646F2508D448" 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>
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    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_1D9063AB512122A63368646F2508C64B_terseLabel_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_1D9063AB512122A63368646F2508C64B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_1D9063AB512122A63368646F2508C64B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_712A06FEE2B3AF0696ED646F25081CE0_totalLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_712A06FEE2B3AF0696ED646F25081CE0" 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_712A06FEE2B3AF0696ED646F25081CE0_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_712A06FEE2B3AF0696ED646F25081CE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fees, Late Fees, and Ancillary Fees Earned in Exchange for Servicing Financial Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_712A06FEE2B3AF0696ED646F25081CE0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherAssetsFairValueDisclosure_D4EE64B8E5942F3E87A67422C20A487D_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsFairValueDisclosure_D4EE64B8E5942F3E87A67422C20A487D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets, at fair value</link:label>
    <link:label id="lab_us-gaap_OtherAssetsFairValueDisclosure_D4EE64B8E5942F3E87A67422C20A487D_label_en-US" xlink:label="lab_us-gaap_OtherAssetsFairValueDisclosure_D4EE64B8E5942F3E87A67422C20A487D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_D4EE64B8E5942F3E87A67422C20A487D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LongTermDebtFairValue_60F1C3300FEF69BE3ABD7422C20AFADC_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_60F1C3300FEF69BE3ABD7422C20AFADC" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other financing liabilities, at fair value</link:label>
    <link:label id="lab_us-gaap_LongTermDebtFairValue_60F1C3300FEF69BE3ABD7422C20AFADC_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_60F1C3300FEF69BE3ABD7422C20AFADC" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_60F1C3300FEF69BE3ABD7422C20AFADC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities, at fair value</link:label>
    <link:label id="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB" xlink:to="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_6957B200240A95D299717422C20AADDB" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_B0B6011B44E490F44EE17422C20AD2F4_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_B0B6011B44E490F44EE17422C20AD2F4" 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_B0B6011B44E490F44EE17422C20AD2F4_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_B0B6011B44E490F44EE17422C20AD2F4" 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>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="loc_us-gaap_CommonStockParOrStatedValuePerShare_B0B6011B44E490F44EE17422C20AD2F4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockParOrStatedValuePerShare_B0B6011B44E490F44EE17422C20AD2F4" xlink:to="lab_us-gaap_CommonStockParOrStatedValuePerShare_B0B6011B44E490F44EE17422C20AD2F4" xlink:type="arc" />
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    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_C63C6371641D49A3A5A47422C20A2111_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_C63C6371641D49A3A5A47422C20A2111" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="loc_us-gaap_CommonStockSharesAuthorized_C63C6371641D49A3A5A47422C20A2111" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommonStockSharesIssued_37B94BB1C93CCC527E637422C20AB88F_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_37B94BB1C93CCC527E637422C20AB88F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares issued (in shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesIssued_37B94BB1C93CCC527E637422C20AB88F_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_37B94BB1C93CCC527E637422C20AB88F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="loc_us-gaap_CommonStockSharesIssued_37B94BB1C93CCC527E637422C20AB88F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock, shares outstanding (in shares)</link:label>
    <link:label id="lab_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Outstanding</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81" xlink:to="lab_us-gaap_CommonStockSharesOutstanding_B578E5EC4DC077C098DB7422C20A9C81" xlink:type="arc" />
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01_terseLabel_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average period to securitization</link:label>
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01_label_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average Period to Securitization</link:label>
    <link:label id="lab_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01_documentation_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Time period in which securitization takes place after loan closing or purchase.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_AveragePeriodtoSecuritization" xlink:label="loc_ocn_AveragePeriodtoSecuritization_842DE5F6F2921DD365AF64B5857E9D01" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs retained</link:label>
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B_label_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Assets at Amortized Cost, Additions Recognized from Securitization Trusts Related To Transfers Accounted For As Sales</link:label>
    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B_documentation_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of mortgage servicing rights (MSRs) retained in connection with transfer of securitized loans accounted for as sales.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales" xlink:label="loc_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_765FAF0DC6697BD1C03664B5858D906B" xlink:type="locator" />
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    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_866439BF68EDD30F325D64B5858DC7E3_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_866439BF68EDD30F325D64B5858DC7E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of loan transferred through securitization 60 days or more past due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_866439BF68EDD30F325D64B5858DC7E3_label_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_866439BF68EDD30F325D64B5858DC7E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Loan Transferred Through Securitization Sixty Days Or More Past Due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_866439BF68EDD30F325D64B5858DC7E3_documentation_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_866439BF68EDD30F325D64B5858DC7E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of loan transferred through securitization 60 days or more past due.</link:label>
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    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_44A4850355DE9ED3F77A64B5858DEBD2_verboseLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_44A4850355DE9ED3F77A64B5858DEBD2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">HMBS-related borrowings</link:label>
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    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_28F5C725B9EBCE5BE5D364B5859DC9DA_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_28F5C725B9EBCE5BE5D364B5859DC9DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment, at fair value</link:label>
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    <link:label id="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_C4A5D1D48D669001429A64B5859DD524_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_C4A5D1D48D669001429A64B5859DD524" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment, not pledged as collateral</link:label>
    <link:label id="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_C4A5D1D48D669001429A64B5859DD524_label_en-US" xlink:label="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_C4A5D1D48D669001429A64B5859DD524" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Of Loans Held For Investment Not Pledged As Collateral</link:label>
    <link:label id="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_C4A5D1D48D669001429A64B5859DD524_documentation_en-US" xlink:label="lab_ocn_FairValueOfLoansHeldForInvestmentNotPledgedAsCollateral_C4A5D1D48D669001429A64B5859DD524" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the fair value of reverse mortgage loans originated but not securitized and not yet pledged as collateral.</link:label>
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    <link:label id="lab_us-gaap_FairValueInputsProbabilityOfDefault_C6F02F48B76A3884B6DEA898EA32DEAC_label_en-US" xlink:label="lab_us-gaap_FairValueInputsProbabilityOfDefault_C6F02F48B76A3884B6DEA898EA32DEAC" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsProbabilityOfDefault" xlink:label="loc_us-gaap_FairValueInputsProbabilityOfDefault_C6F02F48B76A3884B6DEA898EA32DEAC" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_4837EB49772AC7138803A898EA32D5B6_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_4837EB49772AC7138803A898EA32D5B6" 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_4837EB49772AC7138803A898EA32D5B6_label_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_4837EB49772AC7138803A898EA32D5B6" 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_4837EB49772AC7138803A898EA32D5B6_documentation_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_4837EB49772AC7138803A898EA32D5B6" 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-20170630.xsd#ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm" xlink:label="loc_ocn_FairValueInputsFinancingCostsComparativeDerivativeTerm_4837EB49772AC7138803A898EA32D5B6" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_2630AF5B0B044F4F6295A898EA324291_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_2630AF5B0B044F4F6295A898EA324291" 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_2630AF5B0B044F4F6295A898EA324291_label_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_2630AF5B0B044F4F6295A898EA324291" 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_2630AF5B0B044F4F6295A898EA324291_documentation_en-US" xlink:label="lab_ocn_FairValueInputsFinancingCostsFloatEarnings_2630AF5B0B044F4F6295A898EA324291" 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-20170630.xsd#ocn_FairValueInputsFinancingCostsFloatEarnings" xlink:label="loc_ocn_FairValueInputsFinancingCostsFloatEarnings_2630AF5B0B044F4F6295A898EA324291" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_C59CD6D9E8A8216F79FBA898EA3233F2_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_C59CD6D9E8A8216F79FBA898EA3233F2" 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_C59CD6D9E8A8216F79FBA898EA3233F2_label_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_C59CD6D9E8A8216F79FBA898EA3233F2" 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_C59CD6D9E8A8216F79FBA898EA3233F2_documentation_en-US" xlink:label="lab_ocn_FairValueInputsBasisSpreadOnVariableRate_C59CD6D9E8A8216F79FBA898EA3233F2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fair value inputs basis spread on advance borrowings.</link:label>
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    <link:label id="lab_us-gaap_FairValueInputsDiscountRate_D78F039970A4209435ECA898EA32DD3C_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsDiscountRate_D78F039970A4209435ECA898EA32DD3C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted average discount rate</link:label>
    <link:label id="lab_us-gaap_FairValueInputsDiscountRate_D78F039970A4209435ECA898EA32DD3C_label_en-US" xlink:label="lab_us-gaap_FairValueInputsDiscountRate_D78F039970A4209435ECA898EA32DD3C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs, Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="loc_us-gaap_FairValueInputsDiscountRate_D78F039970A4209435ECA898EA32DD3C" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsWeightedAverageCostToService_50D6D836369432DDA10AA898EA32FBEC_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_50D6D836369432DDA10AA898EA32FBEC" 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_50D6D836369432DDA10AA898EA32FBEC_label_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_50D6D836369432DDA10AA898EA32FBEC" 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_50D6D836369432DDA10AA898EA32FBEC_documentation_en-US" xlink:label="lab_ocn_FairValueInputsWeightedAverageCostToService_50D6D836369432DDA10AA898EA32FBEC" 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-20170630.xsd#ocn_FairValueInputsWeightedAverageCostToService" xlink:label="loc_ocn_FairValueInputsWeightedAverageCostToService_50D6D836369432DDA10AA898EA32FBEC" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value inputs average note rate</link:label>
    <link:label id="lab_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC_label_en-US" xlink:label="lab_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Average Note Rate</link:label>
    <link:label id="lab_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC_documentation_en-US" xlink:label="lab_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value inputs average note rate.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_FairValueInputsAverageNoteRate" xlink:label="loc_ocn_FairValueInputsAverageNoteRate_EB3D50EF1D70D2625F59A898EA3298FC" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B_terseLabel_en-US" xlink:label="lab_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value inputs loan loss rate</link:label>
    <link:label id="lab_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B_label_en-US" xlink:label="lab_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Inputs Loan Loss Rate</link:label>
    <link:label id="lab_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B_documentation_en-US" xlink:label="lab_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value inputs loan loss rate.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_FairValueInputsLoanLossRate" xlink:label="loc_ocn_FairValueInputsLoanLossRate_208210C9C4B3AC57586BA898EA32908B" xlink:type="locator" />
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    <link:label id="lab_ocn_LoansHeldForSaleTextBlock_EFA029DC34AE75372E8BEA9FED83381E_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleTextBlock_A470599A59D056D5AEF425A307598334" 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_LoansHeldForSaleTextBlock_EFA029DC34AE75372E8BEA9FED83381E_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleTextBlock_A470599A59D056D5AEF425A307598334" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale [Text Block]</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleTextBlock_EFA029DC34AE75372E8BEA9FED83381E_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleTextBlock_A470599A59D056D5AEF425A307598334" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for the loans held for sale carried at fair value and lower of cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_LoansHeldForSaleTextBlock" xlink:label="loc_ocn_LoansHeldForSaleTextBlock_A470599A59D056D5AEF425A307598334" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditMember_6C4C79A169732615969AEC92E90C2F0F_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_71BFC9FABD435B85B79D34AFDE986C01" 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_6C4C79A169732615969AEC92E90C2F0F_label_en-US" xlink:label="lab_us-gaap_LineOfCreditMember_71BFC9FABD435B85B79D34AFDE986C01" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="loc_us-gaap_LineOfCreditMember_71BFC9FABD435B85B79D34AFDE986C01" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentCollateralAmount_2334AC43CCB860C5FD74EC92E90C7EB4_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_D084FAFEE4725C859BA4A83E4A0C20E7" 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_2334AC43CCB860C5FD74EC92E90C7EB4_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentCollateralAmount_D084FAFEE4725C859BA4A83E4A0C20E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Collateral Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCollateralAmount" xlink:label="loc_us-gaap_DebtInstrumentCollateralAmount_D084FAFEE4725C859BA4A83E4A0C20E7" xlink:type="locator" />
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    <link:label id="lab_ocn_AssetSalesAndFinancingTextBlock_E3269019F3F61EAC6710EA9FEB155306_verboseLabel_en-US" xlink:label="lab_ocn_AssetSalesAndFinancingTextBlock_1DCDF4A1A72C5E38873F60DCA4404916" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Sales of Advances and MSRs</link:label>
    <link:label id="lab_ocn_AssetSalesAndFinancingTextBlock_E3269019F3F61EAC6710EA9FEB155306_label_en-US" xlink:label="lab_ocn_AssetSalesAndFinancingTextBlock_1DCDF4A1A72C5E38873F60DCA4404916" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Sales and Financing [Text Block]</link:label>
    <link:label id="lab_ocn_AssetSalesAndFinancingTextBlock_E3269019F3F61EAC6710EA9FEB155306_documentation_en-US" xlink:label="lab_ocn_AssetSalesAndFinancingTextBlock_1DCDF4A1A72C5E38873F60DCA4404916" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for sales of assets and liabilities directly associated with those assets that will be transferred in the transaction. This may include a description of an asset sale (or series of individually immaterial assets sales) completed during the period, including background, timing, and assets and liabilities sold. This element does not include fixed asset sales and plant closings.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_AssetSalesAndFinancingTextBlock" xlink:label="loc_ocn_AssetSalesAndFinancingTextBlock_1DCDF4A1A72C5E38873F60DCA4404916" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_B8D11F6C43E712CAC6967591229EE2C1_periodStartLabel_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_B8D11F6C43E712CAC6967591229EE2C1" 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_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_B7D8304559691C6D3975A898EA706252_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_B7D8304559691C6D3975A898EA706252" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease in receivables and other assets, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets_B7D8304559691C6D3975A898EA706252" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_A145A96033E6B151EA92A898EA70CD3F_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_A145A96033E6B151EA92A898EA70CD3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_A145A96033E6B151EA92A898EA70CD3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_A145A96033E6B151EA92A898EA70CD3F" xlink:to="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_A145A96033E6B151EA92A898EA70CD3F" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_ED6CAFAB34E03B3B7A72A898EA700239_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_ED6CAFAB34E03B3B7A72A898EA700239" 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_ED6CAFAB34E03B3B7A72A898EA700239_label_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_ED6CAFAB34E03B3B7A72A898EA700239" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Activities, Cash Flow Statement</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_ED6CAFAB34E03B3B7A72A898EA700239" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_82DF4DFD66156817EA88A898EA70F9DA_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_82DF4DFD66156817EA88A898EA70F9DA" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_82DF4DFD66156817EA88A898EA70F9DA_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_82DF4DFD66156817EA88A898EA70F9DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_82DF4DFD66156817EA88A898EA70F9DA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_BDB1EB3B4031FDDEF958A898EA70DC26_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_BDB1EB3B4031FDDEF958A898EA70DC26" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_BDB1EB3B4031FDDEF958A898EA70DC26_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_BDB1EB3B4031FDDEF958A898EA70DC26" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_EC5E56FDDB0670C297DAA898EA7077FF_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_EC5E56FDDB0670C297DAA898EA7077FF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Origination of loans held for investment</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireLoansHeldForInvestment" xlink:label="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_EC5E56FDDB0670C297DAA898EA7077FF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_66A23CBFC8BFC090BCAAA898EA701C9E_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_66A23CBFC8BFC090BCAAA898EA701C9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal payments received on loans held for investment</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_48D8C7259D3327485F53A898EA70A480_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_48D8C7259D3327485F53A898EA70A480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireNotesReceivable_B83B3B09075EB6746171A898EA70AC81_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireNotesReceivable_B83B3B09075EB6746171A898EA70AC81" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Issuance of automotive dealer financing notes</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireNotesReceivable_B83B3B09075EB6746171A898EA70AC81_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireNotesReceivable_B83B3B09075EB6746171A898EA70AC81" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Notes Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="loc_us-gaap_PaymentsToAcquireNotesReceivable_B83B3B09075EB6746171A898EA70AC81" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_2D5041C8F125A45DDC82A898EA70352F_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_2D5041C8F125A45DDC82A898EA70352F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Collections of automotive dealer financing notes</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_86C5A4B01C231EE23BCBA898EA70E861_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_86C5A4B01C231EE23BCBA898EA70E861" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_86C5A4B01C231EE23BCBA898EA70E861" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_DC2F47A6F8C4C821510AA898EA70EA5A_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_DC2F47A6F8C4C821510AA898EA70EA5A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_DC2F47A6F8C4C821510AA898EA70EA5A_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_DC2F47A6F8C4C821510AA898EA70EA5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_DC2F47A6F8C4C821510AA898EA70EA5A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_3E53BFECF1795664C8A4A898EA706AFE_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_3E53BFECF1795664C8A4A898EA706AFE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_3E53BFECF1795664C8A4A898EA706AFE_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_3E53BFECF1795664C8A4A898EA706AFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_3E53BFECF1795664C8A4A898EA706AFE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C2C27180CF18D9F437FA898EA701DFE_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C2C27180CF18D9F437FA898EA701DFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from financing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C2C27180CF18D9F437FA898EA701DFE_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C2C27180CF18D9F437FA898EA701DFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C2C27180CF18D9F437FA898EA701DFE" xlink:type="locator" />
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    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0_negatedLabel_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of match funded liabilities, net</link:label>
    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0_label_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities</link:label>
    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0_documentation_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The net cash inflow (outflow) from debt issuances and repayments associated with advances transferred to special purpose entities in transactions accounted for as secured borrowings.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities" xlink:label="loc_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0C9B8A60880444D045E3A898EA706AD0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_8897C6C614BBD0A868D6A898EA70F438_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_8897C6C614BBD0A868D6A898EA70F438" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from mortgage loan warehouse facilities and other secured borrowings</link:label>
    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_8897C6C614BBD0A868D6A898EA70F438_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_8897C6C614BBD0A868D6A898EA70F438" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Lines of Credit</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_8897C6C614BBD0A868D6A898EA70F438" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RepaymentsOfSecuredDebt_9BE4896B63ECC7DBF2F5A898EA70A815_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfSecuredDebt_9BE4896B63ECC7DBF2F5A898EA70A815" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayments of mortgage loan warehouse facilities and other secured borrowings</link:label>
    <link:label id="lab_us-gaap_RepaymentsOfSecuredDebt_9BE4896B63ECC7DBF2F5A898EA70A815_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfSecuredDebt_9BE4896B63ECC7DBF2F5A898EA70A815" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Secured Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_9BE4896B63ECC7DBF2F5A898EA70A815" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsOfDebtIssuanceCosts_23E344C9077A869C82EBA898EA707C4C_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDebtIssuanceCosts_23E344C9077A869C82EBA898EA707C4C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment of debt issuance costs</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfLoansReceivable_053CC5CFB8C624DBD8BCA898EA70E3B2_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansReceivable_053CC5CFB8C624DBD8BCA898EA70E3B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of reverse mortgages (HECM loans) accounted for as a financing (HMBS-related borrowings)</link:label>
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    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_8E79B46949A35AC67858EA9FED80EAF5_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_AFFD59A6031F54CBAED00FCE4354D1EE" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Discount rate (Option-adjusted spread), 10%</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_8E79B46949A35AC67858EA9FED80EAF5_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_AFFD59A6031F54CBAED00FCE4354D1EE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_AFFD59A6031F54CBAED00FCE4354D1EE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_AFFD59A6031F54CBAED00FCE4354D1EE" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInDiscountRate_AFFD59A6031F54CBAED00FCE4354D1EE" xlink:type="arc" />
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_0C136E1CB4AB9EB36163EA9FED805A05_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_D5FDAD05D6BD5108AFB29CF1F09B8F61" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Discount rate (Option-adjusted spread), 20%</link:label>
    <link:label id="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_0C136E1CB4AB9EB36163EA9FED805A05_label_en-US" xlink:label="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_D5FDAD05D6BD5108AFB29CF1F09B8F61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 20 Percent Adverse Change in Discount Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate" xlink:label="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_D5FDAD05D6BD5108AFB29CF1F09B8F61" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_D5FDAD05D6BD5108AFB29CF1F09B8F61" xlink:to="lab_us-gaap_SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInDiscountRate_D5FDAD05D6BD5108AFB29CF1F09B8F61" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_2FFB0800C15A6E24DB51646F249BBC47_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_2FFB0800C15A6E24DB51646F249BBC47" 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_2FFB0800C15A6E24DB51646F249BBC47_label_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_2FFB0800C15A6E24DB51646F249BBC47" 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>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_2FFB0800C15A6E24DB51646F249BBC47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_2FFB0800C15A6E24DB51646F249BBC47" xlink:to="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_2FFB0800C15A6E24DB51646F249BBC47" xlink:type="arc" />
    <link:label id="lab_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued legal fees and settlements</link:label>
    <link:label id="lab_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06_label_en-US" xlink:label="lab_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimated Litigation Liability, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationReserveNoncurrent" xlink:label="loc_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06" xlink:to="lab_us-gaap_LitigationReserveNoncurrent_B93652767C505D35884E646F249B7E06" xlink:type="arc" />
    <link:label id="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0_terseLabel_en-US" xlink:label="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to NRZ</link:label>
    <link:label id="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0_label_en-US" xlink:label="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remittance Of Advances And Servicing Fees</link:label>
    <link:label id="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0_documentation_en-US" xlink:label="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of advances and servicing fees collected on behalf of NRZ, associated with rights to mortgage servicing rights sold and needs to be remitted.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_RemittanceOfAdvancesAndServicingFees" xlink:label="loc_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0" xlink:to="lab_ocn_RemittanceOfAdvancesAndServicingFees_BA5183E2E7EBD88DD839646F249BB8B0" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other accrued expenses</link:label>
    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_D864982C0BE96CD248EF646F249B857F" xlink:type="arc" />
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512_terseLabel_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing-related obligations</link:label>
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512_label_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512" 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_6AAFEEF761436EF8C357646F249BD512_documentation_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512" 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-20170630.xsd#ocn_DueToServicingAndSubservicingInvestors" xlink:label="loc_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512" xlink:to="lab_ocn_DueToServicingAndSubservicingInvestors_6AAFEEF761436EF8C357646F249BD512" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for indemnification obligations</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3" 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_4C8CACFD111723F0F8CA646F249BB8D3_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3" 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-20170630.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3" xlink:to="lab_ocn_IndemnificationObligationsLiability_4C8CACFD111723F0F8CA646F249BB8D3" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for uncertain tax positions</link:label>
    <link:label id="lab_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B_label_en-US" xlink:label="lab_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability for Uncertainty in Income Taxes, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilityForUncertainTaxPositionsNoncurrent" xlink:label="loc_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B" xlink:to="lab_us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_C1B01FCC0D56AA8A3924646F249B941B" xlink:type="arc" />
    <link:label id="lab_ocn_AmountsDueInConnectionWithSaleOfMortgageServicingRights_9C5549607BF3B84D9C1A646F249B4BF7_terseLabel_en-US" xlink:label="lab_ocn_AmountsDueInConnectionWithSaleOfMortgageServicingRights_9C5549607BF3B84D9C1A646F249B4BF7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts due in connection with MSR sales</link:label>
    <link:label id="lab_ocn_AmountsDueInConnectionWithSaleOfMortgageServicingRights_9C5549607BF3B84D9C1A646F249B4BF7_label_en-US" xlink:label="lab_ocn_AmountsDueInConnectionWithSaleOfMortgageServicingRights_9C5549607BF3B84D9C1A646F249B4BF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amounts Due In Connection With Sale Of Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_AmountsDueInConnectionWithSaleOfMortgageServicingRights_9C5549607BF3B84D9C1A646F249B4BF7_documentation_en-US" xlink:label="lab_ocn_AmountsDueInConnectionWithSaleOfMortgageServicingRights_9C5549607BF3B84D9C1A646F249B4BF7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amounts due to the purchaser in connection with sale of mortgage servicing rights.</link:label>
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    <link:label id="lab_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A_terseLabel_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A" 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_2CC429B0D910806D2191646F249BF75A_label_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A" 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_2CC429B0D910806D2191646F249BF75A_documentation_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A" 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-20170630.xsd#ocn_ChecksHeldForEscheat" xlink:label="loc_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A" xlink:to="lab_ocn_ChecksHeldForEscheat_2CC429B0D910806D2191646F249BF75A" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued interest payable</link:label>
    <link:label id="lab_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Payable, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="loc_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F" xlink:to="lab_us-gaap_InterestPayableCurrent_2118A493E97F57A9DB9E646F249BFE7F" xlink:type="arc" />
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    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_D0EC0699D2EC15E248F3A898EA030DC7_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_D0EC0699D2EC15E248F3A898EA030DC7" xlink:role="http://www.xbrl.org/2003/role/label" 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_LoansHeldForSaleAtLowerOfCostOrFairValue_D0EC0699D2EC15E248F3A898EA030DC7_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_D0EC0699D2EC15E248F3A898EA030DC7" xlink:role="http://www.xbrl.org/2003/role/documentation" 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_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_04746B79FBAED241360FA898EA038C8A_terseLabel_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_04746B79FBAED241360FA898EA038C8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases</link:label>
    <link:label id="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_04746B79FBAED241360FA898EA038C8A_label_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_04746B79FBAED241360FA898EA038C8A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments for Origination of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_04746B79FBAED241360FA898EA038C8A_documentation_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_04746B79FBAED241360FA898EA038C8A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments for origination of mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
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    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_8AD580AB031404C92B16A898EA037309_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_8AD580AB031404C92B16A898EA037309" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales</link:label>
    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_8AD580AB031404C92B16A898EA037309_label_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_8AD580AB031404C92B16A898EA037309" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sale of Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_8AD580AB031404C92B16A898EA037309_documentation_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_8AD580AB031404C92B16A898EA037309" 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_FD5F437B9CEFB3FF9AEEA898EA0302EA_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_FD5F437B9CEFB3FF9AEEA898EA0302EA" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Principal collections</link:label>
    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_FD5F437B9CEFB3FF9AEEA898EA0302EA_label_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_FD5F437B9CEFB3FF9AEEA898EA0302EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Principal Payments on Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_FD5F437B9CEFB3FF9AEEA898EA0302EA_documentation_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_FD5F437B9CEFB3FF9AEEA898EA0302EA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from principal payments on mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
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    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to accounts receivable</link:label>
    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD_label_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to Accounts Receivable from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD_documentation_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to accounts receivable from mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_C546D01E5CBA07B1F552A898EA035CDD" xlink:type="locator" />
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    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Transfers to real estate owned</link:label>
    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706_label_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to Real Estate Owned from Mortgage Loans Held-for-sale, at Lower of Cost or Fair Value</link:label>
    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706_documentation_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to real estate owned from mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue" xlink:label="loc_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706" xlink:to="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E8F790F948BE81414787A898EA030706" xlink:type="arc" />
    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_673BBD54E3F4ABC67F56A898EA031DB6_terseLabel_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_673BBD54E3F4ABC67F56A898EA031DB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on sale of loans</link:label>
    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_673BBD54E3F4ABC67F56A898EA031DB6_label_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_673BBD54E3F4ABC67F56A898EA031DB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Mortgage Loans Held-for-sale, at Lower Cost or Fair Value</link:label>
    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_673BBD54E3F4ABC67F56A898EA031DB6_documentation_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_673BBD54E3F4ABC67F56A898EA031DB6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gain (loss) on sale of mortgage loans held-for-sale, at lower cost or fair value.</link:label>
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    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3CF87989E38583B607A4A898EA03A34B_terseLabel_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3CF87989E38583B607A4A898EA03A34B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in valuation allowance</link:label>
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    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3CF87989E38583B607A4A898EA03A34B_documentation_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3CF87989E38583B607A4A898EA03A34B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">(Increase) decrease in valuation allowance of mortgage loans held-for-sale, at lower cost or fair value.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue" xlink:label="loc_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_3CF87989E38583B607A4A898EA03A34B" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_22D4570A1C40319890DCA898EA03E681_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_22D4570A1C40319890DCA898EA03E681" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_22D4570A1C40319890DCA898EA03E681_label_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_22D4570A1C40319890DCA898EA03E681" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Adjustments to Mortgage Loans Held-for-sale, at Lower Cost or Fair Value</link:label>
    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_22D4570A1C40319890DCA898EA03E681_documentation_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_22D4570A1C40319890DCA898EA03E681" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other adjustments to mortgage loans held-for-sale, at lower cost or fair value.</link:label>
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    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_8D685803AB409F083A85A898EA032DAE_periodEndLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_8D685803AB409F083A85A898EA032DAE" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance</link:label>
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    <link:label id="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_633621CF352FE8605F10EA9FEC5A229F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesDisclosureTextBlock_AFA807742DA9510FAFBE9D2993A16F43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
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    <link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_19A8982961ABAD0DDE660293C9DDB96D_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_A084E5FFB9FD5814885EF307F5DF8A51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing fees collected</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_CashFlowsBetweenTransfereeAndTransferorServicingFees_A084E5FFB9FD5814885EF307F5DF8A51" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees_A084E5FFB9FD5814885EF307F5DF8A51" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets_20C00E992E845CF6A585291D66AE20A1" xlink:type="locator" />
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    <link:label id="lab_ocn_CashFlowsBetweenTransfereeAndTransferorProceedsAndPaymentRelatedToTransfersAccountedForSales_7CF37E7DECCAF1E99FDC0293C9DD25B5_totalLabel_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransfereeAndTransferorProceedsAndPaymentRelatedToTransfersAccountedForSales_F44183D8AF21500FB65B70DDEFE4F6AA" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Cash flows received from and paid to securitization trusts</link:label>
    <link:label id="lab_ocn_CashFlowsBetweenTransfereeAndTransferorProceedsAndPaymentRelatedToTransfersAccountedForSales_7CF37E7DECCAF1E99FDC0293C9DD25B5_label_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransfereeAndTransferorProceedsAndPaymentRelatedToTransfersAccountedForSales_F44183D8AF21500FB65B70DDEFE4F6AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows Between Transferee And Transferor Proceeds And Payment Related To Transfers Accounted For Sales</link:label>
    <link:label id="lab_ocn_CashFlowsBetweenTransfereeAndTransferorProceedsAndPaymentRelatedToTransfersAccountedForSales_7CF37E7DECCAF1E99FDC0293C9DD25B5_documentation_en-US" xlink:label="lab_ocn_CashFlowsBetweenTransfereeAndTransferorProceedsAndPaymentRelatedToTransfersAccountedForSales_F44183D8AF21500FB65B70DDEFE4F6AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash flows between transferee and transferor proceeds and payment related to transfers accounted for sales.</link:label>
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    <link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_0C90CF330E82785DC678EA9FEBCA7A72_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock_4BEBFB76D45F502A9CF8D39C587239A0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value</link:label>
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    <link:label id="lab_ocn_MortgageServicingRightsRetainedMember_83258C97611BB65E785874B6FCF8BBB7_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsRetainedMember_83258C97611BB65E785874B6FCF8BBB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs Retained on Transfers of Forward Loans [Member]</link:label>
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    <link:label id="lab_ocn_RepurchasedGinnieMaeLoansMember_6F70AAE75EA8102552BE74B6FCF81E42_terseLabel_en-US" xlink:label="lab_ocn_RepurchasedGinnieMaeLoansMember_6F70AAE75EA8102552BE74B6FCF81E42" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on Sale of Repurchased Ginnie Mae Loans [Member]</link:label>
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    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D19F8574F23AB46631D07422C1FAC08E_periodEndLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D19F8574F23AB46631D07422C1FAC08E" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_D19F8574F23AB46631D07422C1FAC08E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_56822A79A964D5C4A5357422C1FAD775" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LossContingencyAccrualProductLiabilityNetRollingMaturityAbstract" xlink:label="loc_us-gaap_LossContingencyAccrualProductLiabilityNetRollingMaturityAbstract_BE7B84BFC8C0699690F774B6F9EC0117" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_13904062F83ABDC95BBE74B6F9EC8D3A_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_13904062F83ABDC95BBE74B6F9EC8D3A" 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_13904062F83ABDC95BBE74B6F9EC8D3A_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_13904062F83ABDC95BBE74B6F9EC8D3A" 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>
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    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287_periodStartLabel_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287_label_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Representation Warranty And Compensatory Fees Obligations</link:label>
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287_documentation_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the outstanding obligation of repurchase the loans, or otherwise indemnify or reimburse the investor or insurer for losses incurred due to material breach of contractual representation and warranties.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_RepresentationWarrantyAndCompensatoryFeesObligations" xlink:label="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287" xlink:to="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_E7EC021FCDA83A74839774B6F9EC3287" xlink:type="arc" />
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Provision for representation and warranty obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD_label_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD" 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_FD4A75DEAC25759F33AF74B6F9EC0DCD_documentation_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD" 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-20170630.xsd#ocn_ProvisionForRepresentationAndWarrantyObligations" xlink:label="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD" xlink:to="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_FD4A75DEAC25759F33AF74B6F9EC0DCD" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_46AE80D63D52971F7B9F74B6F9EC2352_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_46AE80D63D52971F7B9F74B6F9EC2352" 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_46AE80D63D52971F7B9F74B6F9EC2352_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_46AE80D63D52971F7B9F74B6F9EC2352" 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_46AE80D63D52971F7B9F74B6F9EC2352_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_46AE80D63D52971F7B9F74B6F9EC2352" 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-20170630.xsd#ocn_IndemnificationObligationsLiabilityReserves" xlink:label="loc_ocn_IndemnificationObligationsLiabilityReserves_46AE80D63D52971F7B9F74B6F9EC2352" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_F1E3D370E4204B416B4474B6F9EC3DEF_negatedTerseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_F1E3D370E4204B416B4474B6F9EC3DEF" 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_F1E3D370E4204B416B4474B6F9EC3DEF_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_F1E3D370E4204B416B4474B6F9EC3DEF" 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_F1E3D370E4204B416B4474B6F9EC3DEF_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_F1E3D370E4204B416B4474B6F9EC3DEF" 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-20170630.xsd#ocn_IndemnificationObligationsLiabilityChargeOffs" xlink:label="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_F1E3D370E4204B416B4474B6F9EC3DEF" xlink:type="locator" />
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    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_CC20C2C262EF38E9F43774B6F9EC67F6_periodEndLabel_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_CC20C2C262EF38E9F43774B6F9EC67F6" 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-20170630.xsd#ocn_RepresentationWarrantyAndCompensatoryFeesObligations" xlink:label="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_CC20C2C262EF38E9F43774B6F9EC67F6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_BA5A2FAC6114176412367422C16E41A7_periodStartLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_BA5A2FAC6114176412367422C16E41A7" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_BA5A2FAC6114176412367422C16E41A7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NotesReduction_B208037C583688AE27167422C16EE5B6_terseLabel_en-US" xlink:label="lab_us-gaap_NotesReduction_B208037C583688AE27167422C16EE5B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer from Other assets</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesReduction" xlink:label="loc_us-gaap_NotesReduction_B208037C583688AE27167422C16EE5B6" xlink:type="locator" />
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    <link:label id="lab_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08_negatedTerseLabel_en-US" xlink:label="lab_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sales</link:label>
    <link:label id="lab_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08_label_en-US" xlink:label="lab_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Match Funded Advances</link:label>
    <link:label id="lab_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08_documentation_en-US" xlink:label="lab_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale related to match funded advances.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_SaleOfMatchFundedAdvances" xlink:label="loc_ocn_SaleOfMatchFundedAdvances_3F1481BCF954795A0BF97422C16E9E08" xlink:type="locator" />
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    <link:label id="lab_ocn_MatchFundedAdvancesCollections_EFD979986D17B1C788D67422C16E6BBB_negatedTerseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesCollections_EFD979986D17B1C788D67422C16E6BBB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">New advances/notes (Collections of pledged assets), net</link:label>
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    <link:loc xlink:href="ocn-20170630.xsd#ocn_MatchFundedAdvancesCollections" xlink:label="loc_ocn_MatchFundedAdvancesCollections_EFD979986D17B1C788D67422C16E6BBB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_E1658C754C609C66A8867422C16ED5C0_periodEndLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_E1658C754C609C66A8867422C16ED5C0" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_E1658C754C609C66A8867422C16ED5C0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B" xlink:to="lab_us-gaap_LineOfCreditFacilityTable_1F16AADB7C1B91FF4720A898E8DB255B" xlink:type="arc" />
    <link:label id="lab_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:label id="lab_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B_label_en-US" xlink:label="lab_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B" xlink:to="lab_dei_LegalEntityAxis_7E9C55A7516D45917784A898E8DB555B" xlink:type="arc" />
    <link:label id="lab_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70_terseLabel_en-US" xlink:label="lab_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:label id="lab_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70_label_en-US" xlink:label="lab_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70" xlink:to="lab_dei_EntityDomain_36C5C85D2B1F464BB60AA898E8DB5F70" xlink:type="arc" />
    <link:label id="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C_terseLabel_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Loan Servicing [Member]</link:label>
    <link:label id="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C_label_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Loan Servicing [Member]</link:label>
    <link:label id="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C_documentation_en-US" xlink:label="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen loan servicing.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_OcwenLoanServicingMember" xlink:label="loc_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C" xlink:to="lab_ocn_OcwenLoanServicingMember_0AD5D32524DF51CE5EF1A898E8DBF13C" xlink:type="arc" />
    <link:label id="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F_terseLabel_en-US" xlink:label="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liberty Home Equity Solutions, Inc. [Member]</link:label>
    <link:label id="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F_label_en-US" xlink:label="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liberty Home Equity Solutions, Inc. [Member]</link:label>
    <link:label id="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F_documentation_en-US" xlink:label="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liberty Home Equity Solutions, Inc. [Member]</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_LibertyHomeEquitySolutionsInc.Member" xlink:label="loc_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F" xlink:to="lab_ocn_LibertyHomeEquitySolutionsInc.Member_D6974C65A630F884849FA898E8EAFC0F" xlink:type="arc" />
    <link:label id="lab_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178_terseLabel_en-US" xlink:label="lab_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eurodollar [Member]</link:label>
    <link:label id="lab_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178_label_en-US" xlink:label="lab_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eurodollar [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EurodollarMember" xlink:label="loc_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178" xlink:to="lab_us-gaap_EurodollarMember_3C17EC7FFE2960576DD1A898E8EA6178" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:label id="lab_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869_label_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869" xlink:to="lab_us-gaap_CreditFacilityAxis_92685BF8E1B67FC135CEA898E8EA2869" xlink:type="arc" />
    <link:label id="lab_us-gaap_CreditFacilityDomain_B41047E9C9022CD0B2ACA898E8EAE84C_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_B41047E9C9022CD0B2ACA898E8EAE84C" 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_B41047E9C9022CD0B2ACA898E8EAE84C_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_B41047E9C9022CD0B2ACA898E8EAE84C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_B41047E9C9022CD0B2ACA898E8EAE84C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityDomain_B41047E9C9022CD0B2ACA898E8EAE84C" xlink:to="lab_us-gaap_CreditFacilityDomain_B41047E9C9022CD0B2ACA898E8EAE84C" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57" 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_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57_label_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Specific secured line of credit.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_SeniorSecuredTermLoanMember" xlink:label="loc_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57" xlink:to="lab_ocn_SeniorSecuredTermLoanMember_A317920067239ADDD31DA898E8EA8E57" xlink:type="arc" />
    <link:label id="lab_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C_terseLabel_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase Agreements [Member]</link:label>
    <link:label id="lab_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C_label_en-US" xlink:label="lab_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase Agreements [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepurchaseAgreementsMember" xlink:label="loc_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C" xlink:to="lab_us-gaap_RepurchaseAgreementsMember_4C5707909A1CFB98EE47A898E8EA437C" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4" 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_FB8B73A8A60FC3779568A898E8EAA5C4_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4" 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_FB8B73A8A60FC3779568A898E8EAA5C4_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4" 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-20170630.xsd#ocn_MasterRepurchaseAgreementMember" xlink:label="loc_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4" xlink:to="lab_ocn_MasterRepurchaseAgreementMember_FB8B73A8A60FC3779568A898E8EAA5C4" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184" 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_A79769B107E01C8846ADA898E8EAD184_label_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184" 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_A79769B107E01C8846ADA898E8EAD184_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184" 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-20170630.xsd#ocn_ParticipationAgreementMember" xlink:label="loc_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184" xlink:to="lab_ocn_ParticipationAgreementMember_A79769B107E01C8846ADA898E8EAD184" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7" 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_A7DA73594B178F6A2ACDA898E8EAA6F7_label_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7" 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_A7DA73594B178F6A2ACDA898E8EAA6F7_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7" 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-20170630.xsd#ocn_ParticipationAgreementTwoMember" xlink:label="loc_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7" xlink:to="lab_ocn_ParticipationAgreementTwoMember_A7DA73594B178F6A2ACDA898E8EAA6F7" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847" 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_1807C2FEAD1041D6271EA898E8EA0847_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847" 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_1807C2FEAD1041D6271EA898E8EA0847_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847" 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-20170630.xsd#ocn_MasterRepurchaseAgreementTwoMember" xlink:label="loc_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847" xlink:to="lab_ocn_MasterRepurchaseAgreementTwoMember_1807C2FEAD1041D6271EA898E8EA0847" xlink:type="arc" />
    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_8D2C3BA58E88D14713D2A898E8EA052B_terseLabel_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_8D2C3BA58E88D14713D2A898E8EA052B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Servicing Lines Of Credit [Member]</link:label>
    <link:label id="lab_ocn_TotalServicingLinesOfCreditMember_8D2C3BA58E88D14713D2A898E8EA052B_label_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_8D2C3BA58E88D14713D2A898E8EA052B" 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_8D2C3BA58E88D14713D2A898E8EA052B_documentation_en-US" xlink:label="lab_ocn_TotalServicingLinesOfCreditMember_8D2C3BA58E88D14713D2A898E8EA052B" 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_us-gaap_LineOfCreditFacilityLineItems_45CE6BBCD74E1EC91B28A898E8EAAD95_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_45CE6BBCD74E1EC91B28A898E8EAAD95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Line Items]</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityLineItems_45CE6BBCD74E1EC91B28A898E8EAAD95_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityLineItems_45CE6BBCD74E1EC91B28A898E8EAAD95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_45CE6BBCD74E1EC91B28A898E8EAAD95" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentCarryingAmount_26C091D997A6E8766D0EA898E8EA481E_netLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentCarryingAmount_26C091D997A6E8766D0EA898E8EA481E" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Other secured borrowings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_26C091D997A6E8766D0EA898E8EA481E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_3D9811C55940F2BB2F10A898E8EA5FC8_negatedLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_3D9811C55940F2BB2F10A898E8EA5FC8" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Unamortized debt issuance costs - SSTL</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:label="loc_us-gaap_UnamortizedDebtIssuanceExpense_3D9811C55940F2BB2F10A898E8EA5FC8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnamortizedDebtIssuanceExpense_3D9811C55940F2BB2F10A898E8EA5FC8" xlink:to="lab_us-gaap_UnamortizedDebtIssuanceExpense_3D9811C55940F2BB2F10A898E8EA5FC8" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620_negatedLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Discount - SSTL</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Unamortized Discount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620" xlink:to="lab_us-gaap_DebtInstrumentUnamortizedDiscount_E2CE72CAB4BDB15200CFA898E8EA9620" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8" 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_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8_label_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt, Weighted Average Interest Rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8" xlink:to="lab_us-gaap_DebtWeightedAverageInterestRate_95EC120CC50832119A8EA898E8EADEC8" xlink:type="arc" />
    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate at index floor rate</link:label>
    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2_label_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument Interest Rate At Index Floor Rate</link:label>
    <link:label id="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the index floor rate used for interest rate on the debt instrument.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_DebtInstrumentInterestRateAtIndexFloorRate" xlink:label="loc_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2" xlink:to="lab_ocn_DebtInstrumentInterestRateAtIndexFloorRate_D865B9C5A6A49705FE73A898E8EA9AB2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Axis]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054" xlink:to="lab_us-gaap_ShortTermDebtTypeAxis_6E81CDF3FA5F357C454EA3CDDDE5C054" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt, Type [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551" xlink:to="lab_us-gaap_ShortTermDebtTypeDomain_883A8C60246037F8A414A3CDDDE59551" xlink:type="arc" />
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D_terseLabel_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Warehouse Agreement Borrowings [Member]</link:label>
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D_label_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Warehouse Agreement Borrowings [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WarehouseAgreementBorrowingsMember" xlink:label="loc_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D" xlink:to="lab_us-gaap_WarehouseAgreementBorrowingsMember_375F71FBA824F46A51C1A3CDDDE5881D" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Option One [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0_label_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Option One [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First option to elect borrowings interest rate per annum.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_SeniorSecuredTermLoanOptionOneMember" xlink:label="loc_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0" xlink:to="lab_ocn_SeniorSecuredTermLoanOptionOneMember_F2026A455A2DC3628F87A3CDDDE5C0E0" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Option Two [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B_label_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Secured Term Loan Option Two [Member]</link:label>
    <link:label id="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B_documentation_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Second option to elect borrowings interest rate per annum.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_SeniorSecuredTermLoanOptionTwoMember" xlink:label="loc_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B" xlink:to="lab_ocn_SeniorSecuredTermLoanOptionTwoMember_625685841DD1526C8153A3CDDDE5405B" xlink:type="arc" />
    <link:label id="lab_us-gaap_FederalFundsEffectiveSwapRateMember_ED74535F317D3957AD16A3CDDDE53E35_terseLabel_en-US" xlink:label="lab_us-gaap_FederalFundsEffectiveSwapRateMember_ED74535F317D3957AD16A3CDDDE53E35" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Federal Funds Rate [Member]</link:label>
    <link:label id="lab_us-gaap_FederalFundsEffectiveSwapRateMember_ED74535F317D3957AD16A3CDDDE53E35_label_en-US" xlink:label="lab_us-gaap_FederalFundsEffectiveSwapRateMember_ED74535F317D3957AD16A3CDDDE53E35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Federal Funds Effective Swap Rate [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FederalFundsEffectiveSwapRateMember" xlink:label="loc_us-gaap_FederalFundsEffectiveSwapRateMember_ED74535F317D3957AD16A3CDDDE53E35" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B_terseLabel_en-US" xlink:label="lab_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Base Rate [Member]</link:label>
    <link:label id="lab_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B_label_en-US" xlink:label="lab_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Base Rate [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BaseRateMember" xlink:label="loc_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B" xlink:to="lab_us-gaap_BaseRateMember_9C9C6A85D5601EF549AEA3CDDDE5CE1B" xlink:type="arc" />
    <link:label id="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0_terseLabel_en-US" xlink:label="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eurodollar Floor [Member]</link:label>
    <link:label id="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0_label_en-US" xlink:label="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eurodollar Floor [Member]</link:label>
    <link:label id="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0_documentation_en-US" xlink:label="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Eurodollar Floor.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_EurodollarFloorMember" xlink:label="loc_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0" xlink:to="lab_ocn_EurodollarFloorMember_230F67C1C673C581D6AAA3CDDDE506C0" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1_terseLabel_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1" 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_B0680696B1DA0C21ED9BA3CDDDE5C0E1_label_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1" 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_B0680696B1DA0C21ED9BA3CDDDE5C0E1_documentation_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1" 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-20170630.xsd#ocn_MortgageWarehouseAgreementMember" xlink:label="loc_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1" xlink:to="lab_ocn_MortgageWarehouseAgreementMember_B0680696B1DA0C21ED9BA3CDDDE5C0E1" xlink:type="arc" />
    <link:label id="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F_terseLabel_en-US" xlink:label="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amended Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F_label_en-US" xlink:label="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amended Senior Secured Term Loan [Member]</link:label>
    <link:label id="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F_documentation_en-US" xlink:label="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amended senior secured term loan.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_AmendedSeniorSecuredTermLoanMember" xlink:label="loc_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F" xlink:to="lab_ocn_AmendedSeniorSecuredTermLoanMember_9F1BE54CCF0106B02F1BA3CDDDE5719F" xlink:type="arc" />
    <link:label id="lab_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83_terseLabel_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83" 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_848DF82C404DA7322E03A3CDDDE50B83_label_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83" 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_848DF82C404DA7322E03A3CDDDE50B83_documentation_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83" 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-20170630.xsd#ocn_RepurchaseAgreementMember" xlink:label="loc_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83" xlink:to="lab_ocn_RepurchaseAgreementMember_848DF82C404DA7322E03A3CDDDE50B83" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of equity interest in foreign subsidiaries pledged as security to secured debt</link:label>
    <link:label id="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989_label_en-US" xlink:label="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Equity Interest In Foreign Subsidiaries Pledged As Security To Secured Debt</link:label>
    <link:label id="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989_documentation_en-US" xlink:label="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of equity interest in foreign subsidiaries pledged as security to secured debt.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt" xlink:label="loc_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989" xlink:to="lab_ocn_PercentageOfEquityInterestInForeignSubsidiariesPledgedAsSecurityToSecuredDebt_8C02B32E55FB4579433AA3CDDDE5E989" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Periodic prepayment of SSTL</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="loc_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8" xlink:to="lab_us-gaap_DebtInstrumentPeriodicPayment_B92A24EA4A706613F8FAA3CDDDE5CDD8" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3_terseLabel_en-US" xlink:label="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage decrease in advance rates</link:label>
    <link:label id="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3_label_en-US" xlink:label="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Decrease In Advance Rates</link:label>
    <link:label id="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3_documentation_en-US" xlink:label="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the percentage decrease in advance rates under repurchase agreement.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_PercentageDecreaseInAdvanceRates" xlink:label="loc_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3" xlink:to="lab_ocn_PercentageDecreaseInAdvanceRates_9505DEF49B9A173F07CFA3CDDDE542A3" xlink:type="arc" />
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional borrowing capacity at discretion of the lender</link:label>
    <link:label id="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90" 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_90CC5D89D8C8499AC2B3A3CDDDE56F90_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90" 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-20170630.xsd#ocn_LineofCreditFacilityAdditionalBorrowingCapacity" xlink:label="loc_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90" xlink:to="lab_ocn_LineofCreditFacilityAdditionalBorrowingCapacity_90CC5D89D8C8499AC2B3A3CDDDE56F90" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Face amount</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount_96F86E34FC749970EC55A3CDDDE5D5C1" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available on committed basis</link:label>
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49_label_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Maximum Borrowing Available On Committed Basis</link:label>
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49_documentation_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available on committed basis.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis" xlink:label="loc_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49" xlink:to="lab_ocn_PercentageOfMaximumBorrowingAvailableOnCommittedBasis_D38925CE1D4C0768163FA3CDDDE5BA49" xlink:type="arc" />
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available at discretion of lender</link:label>
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03_label_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Maximum Borrowing Available At Discretion Of Lender</link:label>
    <link:label id="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03_documentation_en-US" xlink:label="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of maximum borrowing available at discretion of lender.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender" xlink:label="loc_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03" xlink:to="lab_ocn_PercentageOfMaximumBorrowingAvailableAtDiscretionOfLender_8D41DFC077BE1DC8C6CDA3CDDDE5DB03" xlink:type="arc" />
    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F" 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_97A42A3C948561884E6BA3CDDDE57D2F_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F" 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_97A42A3C948561884E6BA3CDDDE57D2F_documentation_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F" 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-20170630.xsd#ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender" xlink:label="loc_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F" xlink:to="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_97A42A3C948561884E6BA3CDDDE57D2F" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_D2851452C57666E717BDA7221E5457BE_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_D2851452C57666E717BDA7221E5457BE" 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_D2851452C57666E717BDA7221E5457BE_label_en-US" xlink:label="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_D2851452C57666E717BDA7221E5457BE" 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/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_D2851452C57666E717BDA7221E5457BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_D2851452C57666E717BDA7221E5457BE" xlink:to="lab_us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_D2851452C57666E717BDA7221E5457BE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172" 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>
    <link:label id="lab_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172_label_en-US" xlink:label="lab_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Assets at Fair Value [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ServicingAssetsAtFairValueLineItems" xlink:label="loc_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172" xlink:to="lab_us-gaap_ServicingAssetsAtFairValueLineItems_E2BDCE55158FC18D6244A7221E54A172" xlink:type="arc" />
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UPB of MSRs sold</link:label>
    <link:label id="lab_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE_label_en-US" xlink:label="lab_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Loans on Real Estate, Cost of Mortgages Sold</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" xlink:label="loc_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE" xlink:to="lab_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_3AE625AC5F466502744FA7221E54F7CE" xlink:type="arc" />
    <link:label id="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C_terseLabel_en-US" xlink:label="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Initial term to subservice mortgage servicing rights</link:label>
    <link:label id="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C_label_en-US" xlink:label="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Initial Term To Subservice Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C_documentation_en-US" xlink:label="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represent the initial term of subservicing the mortgage servicing rights for which rights had been sold and agreed upon by both counterparties under the Subservicing Agreement.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_InitialTermToSubserviceMortgageServicingRights" xlink:label="loc_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C" xlink:to="lab_ocn_InitialTermToSubserviceMortgageServicingRights_9541C5145E48CE0FC394A7221E54275C" xlink:type="arc" />
    <link:label id="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095_terseLabel_en-US" xlink:label="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term of extended subservicing agreement following initial term</link:label>
    <link:label id="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095_label_en-US" xlink:label="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Of Extended Subservicing Agreement Following Initial Term</link:label>
    <link:label id="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095_documentation_en-US" xlink:label="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represent the subservicing term that can be extended after initial term of subservicing agreement.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm" xlink:label="loc_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_686A690270C66218E4B5A7221E547095" xlink:type="locator" />
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    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_AE4DE7F808897B8E9552C4ABCFA032C1_terseLabel_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_D4356101FFB957348E699B7D77507701" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table]</link:label>
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_AE4DE7F808897B8E9552C4ABCFA032C1_label_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_D4356101FFB957348E699B7D77507701" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Qualitative and Quantitative Information, Transferor's Continuing Involvement [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTable_D4356101FFB957348E699B7D77507701" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesMember_9DC665604E98CCD84DC0C4ABCFA0288A_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_5720CC06017555B48C559F3FCB60E950" 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_9DC665604E98CCD84DC0C4ABCFA0288A_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_5720CC06017555B48C559F3FCB60E950" 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_9DC665604E98CCD84DC0C4ABCFA0288A_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_5720CC06017555B48C559F3FCB60E950" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances and match funded advances.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_AdvancesAndMatchFundedAdvancesMember" xlink:label="loc_ocn_AdvancesAndMatchFundedAdvancesMember_5720CC06017555B48C559F3FCB60E950" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesAndMatchFundedAdvancesMember_5720CC06017555B48C559F3FCB60E950" xlink:to="lab_ocn_AdvancesAndMatchFundedAdvancesMember_5720CC06017555B48C559F3FCB60E950" xlink:type="arc" />
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_3C0031CF59BEC927750BC4ABCFA0808B_terseLabel_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_4224962632E75E9EA73697AA899FE125" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]</link:label>
    <link:label id="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_3C0031CF59BEC927750BC4ABCFA0808B_label_en-US" xlink:label="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_4224962632E75E9EA73697AA899FE125" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems" xlink:label="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_4224962632E75E9EA73697AA899FE125" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_4224962632E75E9EA73697AA899FE125" xlink:to="lab_us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementLineItems_4224962632E75E9EA73697AA899FE125" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_CA425DEB5572FDC69198C4ABCFA0DFB9_terseLabel_en-US" xlink:label="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_019CAE831BB35D94AC6789D483AAE1E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying value of assets</link:label>
    <link:label id="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_CA425DEB5572FDC69198C4ABCFA0DFB9_label_en-US" xlink:label="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_019CAE831BB35D94AC6789D483AAE1E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transferor's Interests in Transferred Financial Assets, Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:label="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_019CAE831BB35D94AC6789D483AAE1E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_019CAE831BB35D94AC6789D483AAE1E1" xlink:to="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_019CAE831BB35D94AC6789D483AAE1E1" xlink:type="arc" />
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_B2ED6682E156B67B76B9C4ABCFA08B41_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_D4DC56CA42B65B47B23405C5381A7025" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UPB of loans transferred</link:label>
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_B2ED6682E156B67B76B9C4ABCFA08B41_label_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_D4DC56CA42B65B47B23405C5381A7025" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid Principal Balance Of Loans Transferred</link:label>
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_B2ED6682E156B67B76B9C4ABCFA08B41_documentation_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_D4DC56CA42B65B47B23405C5381A7025" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unpaid principal balance of forward loans transferred with servicing rights retained.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_UnpaidPrincipalBalanceOfLoansTransferred" xlink:label="loc_ocn_UnpaidPrincipalBalanceOfLoansTransferred_D4DC56CA42B65B47B23405C5381A7025" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnpaidPrincipalBalanceOfLoansTransferred_D4DC56CA42B65B47B23405C5381A7025" xlink:to="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_D4DC56CA42B65B47B23405C5381A7025" xlink:type="arc" />
    <link:label id="lab_ocn_MaximumExposureToLoss_91B0B3468E5571B7C922C4ABCFA08CCE_terseLabel_en-US" xlink:label="lab_ocn_MaximumExposureToLoss_E1B80857CBE95A2E838A3B512582C191" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum exposure to loss</link:label>
    <link:label id="lab_ocn_MaximumExposureToLoss_91B0B3468E5571B7C922C4ABCFA08CCE_label_en-US" xlink:label="lab_ocn_MaximumExposureToLoss_E1B80857CBE95A2E838A3B512582C191" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum Exposure To Loss</link:label>
    <link:label id="lab_ocn_MaximumExposureToLoss_91B0B3468E5571B7C922C4ABCFA08CCE_documentation_en-US" xlink:label="lab_ocn_MaximumExposureToLoss_E1B80857CBE95A2E838A3B512582C191" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum exposure to loss related to continuing involvement with forward loans that have been transferred with servicing rights retained as well as standard representations and warranties obligations.</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_MaximumExposureToLoss" xlink:label="loc_ocn_MaximumExposureToLoss_E1B80857CBE95A2E838A3B512582C191" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MaximumExposureToLoss_E1B80857CBE95A2E838A3B512582C191" xlink:to="lab_ocn_MaximumExposureToLoss_E1B80857CBE95A2E838A3B512582C191" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7_terseLabel_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) attributable to derivative financial instruments</link:label>
    <link:label id="lab_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7_label_en-US" xlink:label="lab_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized Gain (Loss) on Derivatives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7" xlink:to="lab_us-gaap_UnrealizedGainLossOnDerivatives_A7A51EA814B33D41489C6513128BD3B7" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Losses attributable to MSRs still held</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_32F911EF1DAA29C743786513128B3F47" xlink:type="arc" />
    <link:label id="lab_ocn_DecreaseInIncomeBeforeIncomeTaxes_2AE256793607474482AE742116423584_terseLabel_en-US" xlink:label="lab_ocn_DecreaseInIncomeBeforeIncomeTaxes_2AE256793607474482AE742116423584" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease in income before income taxes</link:label>
    <link:label id="lab_ocn_DecreaseInIncomeBeforeIncomeTaxes_2AE256793607474482AE742116423584_label_en-US" xlink:label="lab_ocn_DecreaseInIncomeBeforeIncomeTaxes_2AE256793607474482AE742116423584" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Income Before Income Taxes</link:label>
    <link:label id="lab_ocn_DecreaseInIncomeBeforeIncomeTaxes_2AE256793607474482AE742116423584_documentation_en-US" xlink:label="lab_ocn_DecreaseInIncomeBeforeIncomeTaxes_2AE256793607474482AE742116423584" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease in income before taxes as a result of movement of certain functions which had been associated with corporate cost centers to Lending and Servicing segments.</link:label>
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    <link:label id="lab_us-gaap_CumulativeEffectOnRetainedEarningsBeforeTax1_04D3E24A0A4246125F74649347268C13_label_en-US" xlink:label="lab_us-gaap_CumulativeEffectOnRetainedEarningsBeforeTax1_04D3E24A0A4246125F74649347268C13" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect on Retained Earnings, before Tax</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CumulativeEffectOnRetainedEarningsTax1" xlink:label="loc_us-gaap_CumulativeEffectOnRetainedEarningsTax1_4DB9A3C3F4719B85F7F3649347263C5D" xlink:type="locator" />
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    <link:label id="lab_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_FE408CBAB3D7D2821461C39699C56778_verboseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilityMortgageServicingRatesPledged1Member_5ADFFCA0D3D25EEE89293492B0A217A9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Financing liability &#8211; MSRs pledged [Member]</link:label>
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    <link:label id="lab_ocn_FinancingLiabilityAdvancesPledgedMember_9895219FF3EA274CDEA0C39699C59E80_terseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilityAdvancesPledgedMember_836361A49B145734A444125347444084" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing Liability &#8211; Advances Pledged [Member]</link:label>
    <link:label id="lab_ocn_FinancingLiabilityAdvancesPledgedMember_9895219FF3EA274CDEA0C39699C59E80_label_en-US" xlink:label="lab_ocn_FinancingLiabilityAdvancesPledgedMember_836361A49B145734A444125347444084" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Liability Advances Pledged [Member]</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_CF43B21A4080DD7A4B59BA2E81AB16E1_totalLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_3A20914571F45C028E204C7EAFB48BCE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing fees collected on behalf of NRZ/HLSS</link:label>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_CF43B21A4080DD7A4B59BA2E81AB16E1_label_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_3A20914571F45C028E204C7EAFB48BCE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Collection of Loans Receivable</link:label>
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    <link:label id="lab_ocn_BankServicingFeesRetained_236F69BAF5FB4F920976BA2E81AB7ED5_terseLabel_en-US" xlink:label="lab_ocn_BankServicingFeesRetained_0E5AE99596375E75BBF97C88DEE3C65B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Subservicing fee retained by Ocwen</link:label>
    <link:label id="lab_ocn_BankServicingFeesRetained_236F69BAF5FB4F920976BA2E81AB7ED5_label_en-US" xlink:label="lab_ocn_BankServicingFeesRetained_0E5AE99596375E75BBF97C88DEE3C65B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank Servicing Fees Retained</link:label>
    <link:label id="lab_ocn_BankServicingFeesRetained_236F69BAF5FB4F920976BA2E81AB7ED5_documentation_en-US" xlink:label="lab_ocn_BankServicingFeesRetained_0E5AE99596375E75BBF97C88DEE3C65B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank Servicing Fees Retained</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_BankServicingFeesRetained" xlink:label="loc_ocn_BankServicingFeesRetained_0E5AE99596375E75BBF97C88DEE3C65B" xlink:type="locator" />
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    <link:label id="lab_ocn_BankServicingFeesRemitted_20759D66002D74567455BA2E81AC6EDB_totalLabel_en-US" xlink:label="lab_ocn_BankServicingFeesRemitted_D6AB200B07795D40B71B519F826A476F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net servicing fees remitted to NRZ/HLSS</link:label>
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    <link:label id="lab_ocn_BankServicingFeesRemitted_20759D66002D74567455BA2E81AC6EDB_documentation_en-US" xlink:label="lab_ocn_BankServicingFeesRemitted_D6AB200B07795D40B71B519F826A476F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank Servicing Fees, Remitted</link:label>
    <link:loc xlink:href="ocn-20170630.xsd#ocn_BankServicingFeesRemitted" xlink:label="loc_ocn_BankServicingFeesRemitted_D6AB200B07795D40B71B519F826A476F" xlink:type="locator" />
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    <link:label id="lab_ocn_ReductioninFinancingLiability_FBBD7AEA58D892A6B092BA2E81AC9D0D_terseLabel_en-US" xlink:label="lab_ocn_ReductioninFinancingLiability_3D305ED52636589B8FDFC8DC5F0BF7AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Reduction in financing liability</link:label>
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    <link:label id="lab_ocn_ReductioninFinancingLiability_FBBD7AEA58D892A6B092BA2E81AC9D0D_documentation_en-US" xlink:label="lab_ocn_ReductioninFinancingLiability_3D305ED52636589B8FDFC8DC5F0BF7AB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reduction in Financing Liability</link:label>
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