About Onity Group
Onity Group is a publicly listed company based in West Palm Beach (United States) founded in 1988. Mortgage servicing and origination are handled by Onity Group. The company has 4,300 employees. Its chief executive, as recorded, is Glen A Messina. Its website onitygroup.com draws about 17 thousand monthly visits. Its Indian entity Ocwen Financial Solutions Private Limited reported revenue of ₹498 Cr. Onity Group offers products and services including Mortgage Servicing, Mortgage Origination, Reverse Mortgage, and Subservicing. Its focus areas include Consumer and SME Loans, Consumer Loans, Home Loans and FinTech. Its competitors include Freedom Mortgage, Stavvy and FirstClose; 2 of its 3 listed competitors have raised funding.
Company details
Onity Group was founded in 1988 and is headquartered in West Palm Beach, United States. As a non-bank entity in the financial services sector, mortgage servicing and origination are conducted across the full lifecycle of loans. Solutions are delivered through primary brands PHH Mortgage and Liberty Reverse Mortgage, encompassing forward and reverse mortgage options for clients nationwide.
- Headquarters West Palm Beach, United States
- Employees 4,300
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website onitygroup.com
- Social LinkedIn X
- Legal Name Onity Group Inc.
- Indian entity revenue₹498 Cr
FY 2024 · -5% YoY
- Indian entity net profit₹46.82 Cr
FY 2024 · 9% margin
- Indian entity EBITDA₹83.16 Cr
FY 2024 · 17% margin
- Latest Funding Round$60.19M (USD), Post-IPO
Apr 2009
- Employee Count4,300
Associated legal entities of Onity Group
Onity Group operates through Ocwen Financial Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ocwen Financial Solutions Private Limited CIN U67190KA2000PTC027095 | Active | 17 May 2000 | Bengaluru, Karnataka | ₹498 Cr | 3,077 | 4 | View details |
Products & Services of Onity Group
Onity Group offers a comprehensive portfolio of products and services, including Mortgage Servicing, Mortgage Origination, Reverse Mortgage, and Subservicing.
Manages loan servicing for homeowners and investors.
Provides loan origination for residential mortgages.
Offers reverse mortgage solutions for eligible homeowners.
Handles subservicing for mortgage portfolios.
Funding Insights of Onity Group
- Total Rounds 1
- Last Round Post-IPO — $60.19M
- First Round $60.19M
(Apr 2009)
All 1 funding rounds of Onity Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2009 | $60.19M | Post-IPO | – | – | – |
Board of directors of Ocwen Financial Solutions Private Limited (Onity Group)
Ocwen Financial Solutions Private Limited is the primary company behind Onity Group. The board of Ocwen Financial Solutions Private Limited currently have 3 directors; the longest-serving is Sarukkai Parthasarathy Ravi, appointed in 2012. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sarukkai Parthasarathy Ravi DIN 05191642 | Director | 11 May 2012 | 14 yrs 5 mo | Ocwen Financial Solutions Private Limited |
| Joseph James Samarias DIN 08457268 | Director | 23 May 2019 | 7 yrs 5 mo | Ocwen Financial Solutions Private Limited |
| Vikram Jaluka DIN 03473576 | Director | 18 Jun 2025 | 1 yr 4 mo | Ocwen Financial Solutions Private Limited |
People of Onity Group
120 people are tracked at Onity Group (43 in leadership, 6 in board & advisors, 71 in team); the tracked headcount is 4,300.
| Name | Role | Group |
|---|---|---|
Glen A Messina | CEO | Leadership |
Tamara Gifford | Director, Community & External Relations | Leadership |
Sean O’Neil | EVP & CFO | Leadership |
Aaron Wade | EVP & Chief Investment Officer | Leadership |
Jose Irizarry | Senior Vice President, Human Resources, Total Rewards And Chief Diversity Officer | Leadership |
Jennifer Smith | Director, Human Resources Business Partner | Leadership |
Rajesh Satturu | Director HRIS - Hcm/erp/taleo Cloud | Leadership |
Vaibhav Arora | Director Of HR Technology, Operations, Analytics & Global Payroll | Leadership |
Renee Royer | Vice President And Assistant General Counsel | Leadership |
Patrick McDermott | Senior Vice President - Servicing CFO | Leadership |
Aruna Chandak | Director Accounting | Leadership |
Patty Taylor | Vice President Capital Markets Operations | Leadership |
Francois Grunenwald | CAO And Origination CFO | Leadership |
Curtis Schares | Vice President - Master Servicing-securities Administration, Client Relations, Insurance Initiatives | Leadership |
Melinda Ramos Kaufman | Vp, Capital Markets | Leadership |
Brett Ross | Director, Capital Markets Trading | Leadership |
Yasmin L'Estrange | Vice President Human Resources | Leadership |
Eric Spett | Senior Vice President, Deputy General Counsel-head Of Litigation | Leadership |
Leah Hutton | Senior Vice President & Deputy General Counsel | Leadership |
Scott W. Anderson | EVP, Chief Servicing Officer | Leadership |
100 more people are available in the full profile.
Complete people profiles for Onity Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Onity Group
Onity Group is a publicly listed company on the NYSE with ticker symbol ONIT in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date28 Aug 2020
- Listed onEuronext: 0KAS
- Listed entityOnity Group Inc.
- Exchange sectorFinance
- ISINUS6757466064
- Share price$26.83 (-0.89% on the day) · 2026-10-13
- Market capitalisation$224.2M
- Price to earnings1.7
- EPS (diluted, trailing year)$15.79
- Volume (last session)82,832
Financials of Onity Group
Figures of Ocwen Financial Solutions Private Limited, the primary company behind Onity Group, for FY 2024. Revenue was ₹498 Cr (-5% year on year). Net profit was ₹46.82 Cr (9% margin). EBITDA was ₹83.16 Cr (17% margin). Revenue has grown at a compounded annual rate of -1% over three years and -2% over five years.
- ₹498 CrRevenue · FY 2024 · -5% YoY
- ₹46.82 CrNet profit · 9% margin
- ₹83.16 CrEBITDA · 17% margin
- ₹2.14 CrPaid-up capital
- 3,077Employees (provident fund records)
- -1%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.12B | $189.6M | $427.5M |
| 2024 | $960.3M | $33.9M | $460.1M |
| 2023 | $1.04B | -$63.7M | $404.5M |
| 2022 | $877.2M | $25.7M | $432.5M |
| 2021 | $1.05B | $18.1M | $350.5M |
Balance sheet, profit and loss, cash flow and ratios of Ocwen Financial Solutions Private Limited are on its company page.
Detailed financial statements for Onity Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Onity Group
3 dated milestones of Onity Group across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Onity Group is founded.
- Funding First funding round of $60.2M.
- IPO Lists on the stock exchange (IPO).
Competitors of Onity Group
Onity Group has 3 listed competitors in our database, 2 of them funded. They include Freedom Mortgage, Stavvy and FirstClose.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freedommortgage.com | 1990 | Mount Laurel Township, United States | 8,005 | Mortgage services are provided for home purchases and refinancing options. | ||
| stavvy.com | 2017 | Boston, United States | $41.5M | 15 | Digital platform for real estate transactions is provided. | |
| firstclose.com | 2000 | Austin, United States | $39.7M | 47 | Mortgage settlement solutions and home equity tools are provided. |
Detailed competitors of Onity Group
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Onity Group
The website of Onity Group (onitygroup.com) receives about 16.6K visits a month.
- Monthly visits16.6K
▲ 7.5% vs previous month
Websites whose visitors overlap most with Onity Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mortgagequestions.com | mortgagequestions.com | 100% | #39,561 | – | |
| phhmortgage.com | 88% | 549.6K | #144,763 | View details |
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Frequently Asked Questions about Onity Group
Onity Group was founded in 1988 and raised its 1st funding round 21 years after it was founded.
Onity Group is headquartered in West Palm Beach, United States. It is registered at West Palm Beach, Florida, United States.
Glen A Messina is the CEO of Onity Group, as recorded in our data.
Onity Group has 4,300 employees.
The primary company behind Onity Group, Ocwen Financial Solutions Private Limited, reported revenue of ₹498 Cr for FY 2024, down 5% year on year.
Onity Group was founded in 1988 and is headquartered in West Palm Beach, United States. As a non-bank entity in the financial services sector, mortgage servicing and origination are conducted across the full lifecycle of loans. Solutions are delivered through primary brands PHH Mortgage and Liberty Reverse Mortgage, encompassing forward and reverse mortgage options for clients nationwide.
Onity Group's top competitors include Freedom Mortgage, Stavvy and FirstClose.
Onity Group offers Mortgage Servicing, Mortgage Origination, Reverse Mortgage, and Subservicing.
Yes, Onity Group is publicly traded on NYSE under the ticker symbol ONIT.
Onity Group operates through Ocwen Financial Solutions Private Limited.
The legal entities of Onity Group currently have 4 directors, including Sarukkai Parthasarathy Ravi, Joseph James Samarias, Pragya Khetan and others.