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    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_D096CD53F59DA3DB6A8B0D6FEE2EB09D_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_D096CD53F59DA3DB6A8B0D6FEE2EB09D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_D096CD53F59DA3DB6A8B0D6FEE2EB09D_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_D096CD53F59DA3DB6A8B0D6FEE2EB09D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Other Account</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts_D096CD53F59DA3DB6A8B0D6FEE2EB09D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesAdjustments_A385556C4916B29BF4640D6FEE2E607E_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesAdjustments_A385556C4916B29BF4640D6FEE2E607E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net charge-offs and other</link:label>
    <link:label id="lab_us-gaap_ValuationAllowancesAndReservesAdjustments_A385556C4916B29BF4640D6FEE2E607E_label_en-US" xlink:label="lab_us-gaap_ValuationAllowancesAndReservesAdjustments_A385556C4916B29BF4640D6FEE2E607E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-09, Valuation Allowances and Reserves, Increase (Decrease) Adjustment</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ValuationAllowancesAndReservesAdjustments" xlink:label="loc_us-gaap_ValuationAllowancesAndReservesAdjustments_A385556C4916B29BF4640D6FEE2E607E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_06E1FFAC3598C2E386A40D6FEE2ECADE_periodEndLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_06E1FFAC3598C2E386A40D6FEE2ECADE" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowance_06E1FFAC3598C2E386A40D6FEE2ECADE" xlink:type="locator" />
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    <link:label id="lab_srt_CounterpartyNameAxis_A6F2FE5F2DC1E63AB64D7F2E93CCA803_label_en-US" xlink:label="lab_srt_CounterpartyNameAxis_A6F2FE5F2DC1E63AB64D7F2E93CCA803" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_CounterpartyNameAxis" xlink:label="loc_srt_CounterpartyNameAxis_A6F2FE5F2DC1E63AB64D7F2E93CCA803" xlink:type="locator" />
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    <link:label id="lab_srt_RepurchaseAgreementCounterpartyNameDomain_258401A560361E39A7947F2E93CD00E5_label_en-US" xlink:label="lab_srt_RepurchaseAgreementCounterpartyNameDomain_258401A560361E39A7947F2E93CD00E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="loc_srt_RepurchaseAgreementCounterpartyNameDomain_258401A560361E39A7947F2E93CD00E5" xlink:type="locator" />
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    <link:label id="lab_ocn_UnrelatedPartyMember_7345B1EC6B008E5CEE0B7F2E93CD51F5_label_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_7345B1EC6B008E5CEE0B7F2E93CD51F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrelated Party [Member]</link:label>
    <link:label id="lab_ocn_UnrelatedPartyMember_7345B1EC6B008E5CEE0B7F2E93CD51F5_documentation_en-US" xlink:label="lab_ocn_UnrelatedPartyMember_7345B1EC6B008E5CEE0B7F2E93CD51F5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents unrelated party.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_UnrelatedPartyMember" xlink:label="loc_ocn_UnrelatedPartyMember_7345B1EC6B008E5CEE0B7F2E93CD51F5" xlink:type="locator" />
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    <link:label id="lab_dei_LegalEntityAxis_AA23013C886F00F9D3877F2E93CD9BFC_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis_AA23013C886F00F9D3877F2E93CD9BFC" 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_AA23013C886F00F9D3877F2E93CD9BFC_label_en-US" xlink:label="lab_dei_LegalEntityAxis_AA23013C886F00F9D3877F2E93CD9BFC" 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="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_AA23013C886F00F9D3877F2E93CD9BFC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis_AA23013C886F00F9D3877F2E93CD9BFC" xlink:to="lab_dei_LegalEntityAxis_AA23013C886F00F9D3877F2E93CD9BFC" xlink:type="arc" />
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    <link:label id="lab_dei_EntityDomain_2C32CEF577CF9D86BA7C7F2E93CD7D05_label_en-US" xlink:label="lab_dei_EntityDomain_2C32CEF577CF9D86BA7C7F2E93CD7D05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2018/dei-2018-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_2C32CEF577CF9D86BA7C7F2E93CD7D05" xlink:type="locator" />
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    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92_terseLabel_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ</link:label>
    <link:label id="lab_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92_label_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92" 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_FD89275D76AB860D232B7F2E93CEED92_documentation_en-US" xlink:label="lab_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">New Residential Investment Corp.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_NewResidentialInvestmentCorpMember" xlink:label="loc_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92" xlink:to="lab_ocn_NewResidentialInvestmentCorpMember_FD89275D76AB860D232B7F2E93CEED92" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageServicingRightsAxis_46297BC3B7650BB12D707F2E93CE0D3F_terseLabel_en-US" xlink:label="lab_ocn_MortgageServicingRightsAxis_46297BC3B7650BB12D707F2E93CE0D3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Servicing Rights [Axis]</link:label>
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    <link:label id="lab_ocn_MortgageServicingRightsAxis_46297BC3B7650BB12D707F2E93CE0D3F_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsAxis_46297BC3B7650BB12D707F2E93CE0D3F" 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-20191231.xsd#ocn_MortgageServicingRightsAxis" xlink:label="loc_ocn_MortgageServicingRightsAxis_46297BC3B7650BB12D707F2E93CE0D3F" xlink:type="locator" />
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    <link:label id="lab_ocn_MortgageServicingRightsDomain_A73DDF0D533B25A095917F2E93CEFFE8_documentation_en-US" xlink:label="lab_ocn_MortgageServicingRightsDomain_A73DDF0D533B25A095917F2E93CEFFE8" 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_ocn_ThirdpartyConsentsReceivedAndMSRTransferredMember_BDE9EA19025334DA9D547F2E93CE58FC_documentation_en-US" xlink:label="lab_ocn_ThirdpartyConsentsReceivedAndMSRTransferredMember_BDE9EA19025334DA9D547F2E93CE58FC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Third-party Consents Received And MSR Transferred [Member]</link:label>
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    <link:label id="lab_ocn_LoansServicedServicing_27B931FF85260B34D5FD7F2E93CF8CD9_terseLabel_en-US" xlink:label="lab_ocn_LoansServicedServicing_27B931FF85260B34D5FD7F2E93CF8CD9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
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    <link:label id="lab_ocn_LoansServicedServicing_27B931FF85260B34D5FD7F2E93CF8CD9_documentation_en-US" xlink:label="lab_ocn_LoansServicedServicing_27B931FF85260B34D5FD7F2E93CF8CD9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Loans serviced where the financial institution owns the mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LoansServicedServicing" xlink:label="loc_ocn_LoansServicedServicing_27B931FF85260B34D5FD7F2E93CF8CD9" xlink:type="locator" />
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    <link:label id="lab_ocn_LoansServicedSubservicing_25A8B482A3CD66A96C537F2E93CFBB67_documentation_en-US" xlink:label="lab_ocn_LoansServicedSubservicing_25A8B482A3CD66A96C537F2E93CFBB67" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Loans serviced where the financial institution does not own the mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LoansServicedSubservicing" xlink:label="loc_ocn_LoansServicedSubservicing_25A8B482A3CD66A96C537F2E93CFBB67" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoansServicedSubservicing_25A8B482A3CD66A96C537F2E93CFBB67" xlink:to="lab_ocn_LoansServicedSubservicing_25A8B482A3CD66A96C537F2E93CFBB67" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3_terseLabel_en-US" xlink:label="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ</link:label>
    <link:label id="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3_label_en-US" xlink:label="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Portfolio Of Loans For Which Rights To Mortgage Servicing Rights Sold</link:label>
    <link:label id="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3_documentation_en-US" xlink:label="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This amount represents the unpaid principal balance of loans serviced for which rights to mortgage servicing rights have been sold.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold" xlink:label="loc_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3" xlink:to="lab_ocn_ServicingPortfolioOfLoansForWhichRightsToMortgageServicingRightsSold_70135D950143C3EA91AD7F2E93CFDCF3" xlink:type="arc" />
    <link:label id="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934_totalLabel_en-US" xlink:label="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Assets Serviced</link:label>
    <link:label id="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934_label_en-US" xlink:label="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets Serviced</link:label>
    <link:label id="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934_documentation_en-US" xlink:label="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total of property assets serviced as measured by UPB.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AssetsServiced" xlink:label="loc_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934" xlink:to="lab_ocn_AssetsServiced_A459C6C1C0AAE6B2B23F7F2E93CF7934" xlink:type="arc" />
    <link:label id="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unpaid principal balance on servicing assets acquired</link:label>
    <link:label id="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B_label_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unpaid Principal Balance on Servicing Assets Acquired</link:label>
    <link:label id="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B_documentation_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of unpaid principal balance on servicing assets acquired.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired" xlink:label="loc_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B" xlink:to="lab_ocn_UnpaidPrincipalBalanceonServicingAssetsAcquired_F5031BCE50959AD5CFA67F2E93CF678B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_869386B3C4BE77F255807F297FBEF0B0_label_en-US" xlink:label="lab_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_869386B3C4BE77F255807F297FBEF0B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discontinued Operations and Disposal Groups [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract" xlink:label="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_869386B3C4BE77F255807F297FBEF0B0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_869386B3C4BE77F255807F297FBEF0B0" xlink:to="lab_us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_869386B3C4BE77F255807F297FBEF0B0" xlink:type="arc" />
    <link:label id="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650_terseLabel_en-US" xlink:label="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exit cost liability</link:label>
    <link:label id="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650_label_en-US" xlink:label="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disposal Group Including Discontinued Operation Exit Cost Liabilities</link:label>
    <link:label id="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650_documentation_en-US" xlink:label="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount classified as exit cost liabilities attributable to disposal group held for sale or disposed of.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities" xlink:label="loc_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650" xlink:to="lab_ocn_DisposalGroupIncludingDiscontinuedOperationExitCostLiabilities_C7F2221F962533FBBA427F297FBE0650" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4112B844AC4799CFC5705E8F00379278_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4112B844AC4799CFC5705E8F00379278" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4112B844AC4799CFC5705E8F00379278" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4112B844AC4799CFC5705E8F00379278" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_4112B844AC4799CFC5705E8F00379278" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability [Roll Forward]</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644" 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_9C209273AC3AC34129DE5E8F00379644_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_IndemnificationObligationsLiabilityRollForward" xlink:label="loc_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644" xlink:to="lab_ocn_IndemnificationObligationsLiabilityRollForward_9C209273AC3AC34129DE5E8F00379644" xlink:type="arc" />
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6_periodStartLabel_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6" 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_D3E535084EC133AFA2F75E8F0037E7B6_label_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6" 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_D3E535084EC133AFA2F75E8F0037E7B6_documentation_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6" 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-20191231.xsd#ocn_RepresentationWarrantyAndCompensatoryFeesObligations" xlink:label="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6" xlink:to="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_D3E535084EC133AFA2F75E8F0037E7B6" xlink:type="arc" />
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Provision (reversal) for representation and warranty obligations</link:label>
    <link:label id="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66_label_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66" 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_0AB0E03EC6A88668EBBE5E8F0038AE66_documentation_en-US" xlink:label="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66" 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-20191231.xsd#ocn_ProvisionForRepresentationAndWarrantyObligations" xlink:label="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66" xlink:to="lab_ocn_ProvisionForRepresentationAndWarrantyObligations_0AB0E03EC6A88668EBBE5E8F0038AE66" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D" 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_F5AFD786E2794F4F871E5E8F0038738D_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D" 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_F5AFD786E2794F4F871E5E8F0038738D_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D" 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-20191231.xsd#ocn_IndemnificationObligationsLiabilityReserves" xlink:label="loc_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D" xlink:to="lab_ocn_IndemnificationObligationsLiabilityReserves_F5AFD786E2794F4F871E5E8F0038738D" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Obligation assumed in connection with the acquisition of PHH</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Indemnification Obligations Liability Assumed In Connection With Acquisition</link:label>
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents assumptions in connection with acquisitions the indemnification obligations reserves during the period.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition" xlink:label="loc_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD" xlink:to="lab_ocn_IndemnificationObligationsLiabilityAssumedInConnectionWithAcquisition_10C8CA766D9FB19A42E55E8F003896FD" xlink:type="arc" />
    <link:label id="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396_negatedTerseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396" 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_5DF925D04C7A968085E75E8F00380396_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396" 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_5DF925D04C7A968085E75E8F00380396_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396" 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-20191231.xsd#ocn_IndemnificationObligationsLiabilityChargeOffs" xlink:label="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396" xlink:to="lab_ocn_IndemnificationObligationsLiabilityChargeOffs_5DF925D04C7A968085E75E8F00380396" xlink:type="arc" />
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    <link:label id="lab_ocn_CaliforniaDepartmentofBusinessOversightMember_9B563EBA323DFD4F7208684BA57ABA11_terseLabel_en-US" xlink:label="lab_ocn_CaliforniaDepartmentofBusinessOversightMember_9B563EBA323DFD4F7208684BA57ABA11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">California Department of Business Oversight</link:label>
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    <link:label id="lab_ocn_FannieMaeMember_9A57C60A069BCD828782683AA5624DAC_terseLabel_en-US" xlink:label="lab_ocn_FannieMaeMember_9A57C60A069BCD828782683AA5624DAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fannie Mae</link:label>
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    <link:label id="lab_us-gaap_ComplianceWithRegulatoryCapitalRequirementsForMortgageCompaniesLineItems_47987BECBCE8A45B3EDA683AA562A197_terseLabel_en-US" xlink:label="lab_us-gaap_ComplianceWithRegulatoryCapitalRequirementsForMortgageCompaniesLineItems_47987BECBCE8A45B3EDA683AA562A197" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]</link:label>
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    <link:label id="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_B912F3EBDAF951B1760A683AA5677BC7_terseLabel_en-US" xlink:label="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_B912F3EBDAF951B1760A683AA5677BC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days from fiscal year end that servicer is obliged to provide audited financial statements</link:label>
    <link:label id="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_B912F3EBDAF951B1760A683AA5677BC7_label_en-US" xlink:label="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_B912F3EBDAF951B1760A683AA5677BC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Days From Fiscal Year End That Servicer Is Obliged To Provide Audited Financial Statements</link:label>
    <link:label id="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_B912F3EBDAF951B1760A683AA5677BC7_documentation_en-US" xlink:label="lab_ocn_NumberOfDaysFromFiscalYearEndThatServicerIsObligedToProvideAuditedFinancialStatements_B912F3EBDAF951B1760A683AA5677BC7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of days from fiscal year end that servicer is obliged to provide audited financial statements.</link:label>
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    <link:label id="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_4563E1609C1EBFE130D0683AA5678598_terseLabel_en-US" xlink:label="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_4563E1609C1EBFE130D0683AA5678598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital requirement based on outstanding UPB of owned and subserviced portfolio</link:label>
    <link:label id="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_4563E1609C1EBFE130D0683AA5678598_label_en-US" xlink:label="lab_ocn_CapitalRequirementUnpaidPrincipalBalance_4563E1609C1EBFE130D0683AA5678598" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Requirement, Unpaid Principal Balance</link:label>
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    <link:label id="lab_us-gaap_Capital_07A878CD78FF4B143573683AA56754EC_terseLabel_en-US" xlink:label="lab_us-gaap_Capital_07A878CD78FF4B143573683AA56754EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital</link:label>
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    <link:label id="lab_ocn_AmountOfDebtForgivenessForBorrowers_EA8830129DA50A4F24F1683AA5688FB0_terseLabel_en-US" xlink:label="lab_ocn_AmountOfDebtForgivenessForBorrowers_EA8830129DA50A4F24F1683AA5688FB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount of debt forgiveness for borrowers</link:label>
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    <link:label id="lab_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_DC0109C1AC96021B93E77F2E924D5836_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_DC0109C1AC96021B93E77F2E924D5836" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected income tax expense (benefit) at statutory rate</link:label>
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    <link:label id="lab_srt_ConsolidatedEntitiesDomain_9AF01245182BE85754EA7D36A30FE13D_label_en-US" xlink:label="lab_srt_ConsolidatedEntitiesDomain_9AF01245182BE85754EA7D36A30FE13D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="loc_srt_ConsolidatedEntitiesDomain_9AF01245182BE85754EA7D36A30FE13D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1E2855755BD4503DC3FF7D3658607FA8_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1E2855755BD4503DC3FF7D3658607FA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1E2855755BD4503DC3FF7D3658607FA8_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1E2855755BD4503DC3FF7D3658607FA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_1E2855755BD4503DC3FF7D3658607FA8" xlink:type="locator" />
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    <link:label id="lab_ocn_ResidentialMortgageBackedSecuritizationTrustsMember_04AF9F8BDC5CD1AA67717D316D8A9829_terseLabel_en-US" xlink:label="lab_ocn_ResidentialMortgageBackedSecuritizationTrustsMember_04AF9F8BDC5CD1AA67717D316D8A9829" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential Mortgage Backed Securitization Trusts</link:label>
    <link:label id="lab_ocn_ResidentialMortgageBackedSecuritizationTrustsMember_04AF9F8BDC5CD1AA67717D316D8A9829_label_en-US" xlink:label="lab_ocn_ResidentialMortgageBackedSecuritizationTrustsMember_04AF9F8BDC5CD1AA67717D316D8A9829" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Mortgage Backed Securitization Trusts [Member]</link:label>
    <link:label id="lab_ocn_ResidentialMortgageBackedSecuritizationTrustsMember_04AF9F8BDC5CD1AA67717D316D8A9829_documentation_en-US" xlink:label="lab_ocn_ResidentialMortgageBackedSecuritizationTrustsMember_04AF9F8BDC5CD1AA67717D316D8A9829" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Residential mortgage backed securitization trusts.</link:label>
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    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedAssetsCurrent_775198EDDB812B3B9A1E7D316D8B3A98_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedAssetsCurrent_775198EDDB812B3B9A1E7D316D8B3A98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash, amounts related to VIEs</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedAssetsCurrent_775198EDDB812B3B9A1E7D316D8B3A98_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedAssetsCurrent_775198EDDB812B3B9A1E7D316D8B3A98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Consolidated, Assets, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedAssetsCurrent" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedAssetsCurrent_775198EDDB812B3B9A1E7D316D8B3A98" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ServicingAssetAtFairValueAmount_2867DC00393335CBFE277D316D8B9CFA_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtFairValueAmount_2867DC00393335CBFE277D316D8B9CFA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at fair value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ServicingAssetAtFairValueAmount" xlink:label="loc_us-gaap_ServicingAssetAtFairValueAmount_2867DC00393335CBFE277D316D8B9CFA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8B686533DD656C740FF17D316D8D34F4_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8B686533DD656C740FF17D316D8D34F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at fair value</link:label>
    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8B686533DD656C740FF17D316D8D34F4_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8B686533DD656C740FF17D316D8D34F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held-for-sale, Fair Value Disclosure</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_8B686533DD656C740FF17D316D8D34F4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_608F783EE273723CA11F7D316D8DF03E_label_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_608F783EE273723CA11F7D316D8DF03E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Receivable, Fair Value Disclosure</link:label>
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    <link:label id="lab_us-gaap_OtherAssetsFairValueDisclosure_ED8E4D002654D1CF9EC37D316D8D7E6B_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsFairValueDisclosure_ED8E4D002654D1CF9EC37D316D8D7E6B" 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_ED8E4D002654D1CF9EC37D316D8D7E6B_label_en-US" xlink:label="lab_us-gaap_OtherAssetsFairValueDisclosure_ED8E4D002654D1CF9EC37D316D8D7E6B" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_ED8E4D002654D1CF9EC37D316D8D7E6B" xlink:type="locator" />
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    <link:label id="lab_ocn_OtherFinancingLiabilities_567CEAB4F5197E66562C7D316D8DA6B2_verboseLabel_en-US" xlink:label="lab_ocn_OtherFinancingLiabilities_567CEAB4F5197E66562C7D316D8DA6B2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other financing liabilities</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_OtherFinancingLiabilities" xlink:label="loc_ocn_OtherFinancingLiabilities_567CEAB4F5197E66562C7D316D8DA6B2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LongTermDebtFairValue_D8BC42D6C3D53A8E26987D316D8EA54E_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_D8BC42D6C3D53A8E26987D316D8EA54E" 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_D8BC42D6C3D53A8E26987D316D8EA54E_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_D8BC42D6C3D53A8E26987D316D8EA54E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Fair Value</link:label>
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    <link:label id="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_4B6F1CA694C79D2C316A7D316D8E491D_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesFairValueDisclosure_4B6F1CA694C79D2C316A7D316D8E491D" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_OtherLiabilitiesFairValueDisclosure_4B6F1CA694C79D2C316A7D316D8E491D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherLiabilities_FEA47807E4B4F85EAB567D38A4E89F0A_netLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilities_FEA47807E4B4F85EAB567D38A4E89F0A" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Other liabilities, related to VIEs</link:label>
    <link:label id="lab_us-gaap_OtherLiabilities_FEA47807E4B4F85EAB567D38A4E89F0A_label_en-US" xlink:label="lab_us-gaap_OtherLiabilities_FEA47807E4B4F85EAB567D38A4E89F0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
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    <link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_9078781BB7DC6CBF9B967D316D8E9A25_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_9078781BB7DC6CBF9B967D316D8E9A25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</link:label>
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    <link:label id="lab_us-gaap_CommonStockSharesAuthorized_48470A9B884FC65B27E07D316D8EBB44_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_48470A9B884FC65B27E07D316D8EBB44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Shares Authorized</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_F68DED810B5D541DC09E21663C8BCCE8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_F68DED810B5D541DC09E21663C8BCCE8" xlink:to="lab_us-gaap_OtherAssets_F68DED810B5D541DC09E21663C8BCCE8" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Table]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Table]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents information regarding Schedule of match funded advances.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_MatchFundedAdvancesTable" xlink:label="loc_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2" xlink:to="lab_ocn_MatchFundedAdvancesTable_038FB031C21DB02FEED821663D1BE0E2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential Mortgage</link:label>
    <link:label id="lab_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3_label_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Mortgage [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ResidentialMortgageMember" xlink:label="loc_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3" xlink:to="lab_us-gaap_ResidentialMortgageMember_A72303CEC5A92C0B6B9C21663D1BA2A3" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivable Type [Axis]</link:label>
    <link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F_label_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable Type [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F" xlink:to="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_CC724829626C26DC803F21663D1BCF0F" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivable [Domain]</link:label>
    <link:label id="lab_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161_label_en-US" xlink:label="lab_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivableTypeDomain" xlink:label="loc_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161" xlink:to="lab_us-gaap_ReceivableTypeDomain_A87D030E241521FF3E1E21663D1B2161" xlink:type="arc" />
    <link:label id="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7_terseLabel_en-US" xlink:label="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal and interest</link:label>
    <link:label id="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7_label_en-US" xlink:label="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal And Interest [Member]</link:label>
    <link:label id="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7_documentation_en-US" xlink:label="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances on principal and interest.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_PrincipalAndInterestMember" xlink:label="loc_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7" xlink:to="lab_ocn_PrincipalAndInterestMember_0A55FDFE1298D4D1F09C21663D1B5FE7" xlink:type="arc" />
    <link:label id="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09_terseLabel_en-US" xlink:label="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Taxes and insurance</link:label>
    <link:label id="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09_label_en-US" xlink:label="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Taxes And Insurance [Member]</link:label>
    <link:label id="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09_documentation_en-US" xlink:label="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances on taxes and insurance.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TaxesAndInsuranceMember" xlink:label="loc_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09" xlink:to="lab_ocn_TaxesAndInsuranceMember_C364E320A0716FA43E7E21663D1B1E09" xlink:type="arc" />
    <link:label id="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747_terseLabel_en-US" xlink:label="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreclosures, bankruptcy, REO and other</link:label>
    <link:label id="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747_label_en-US" xlink:label="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreclosures Bankruptcy And Other [Member]</link:label>
    <link:label id="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747_documentation_en-US" xlink:label="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreclosures bankruptcy and other.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ForeclosuresBankruptcyAndOtherMember" xlink:label="loc_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747" xlink:to="lab_ocn_ForeclosuresBankruptcyAndOtherMember_4F606E22364A701699FD21663D1BF747" xlink:type="arc" />
    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1_terseLabel_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Line Items]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1_label_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Match Funded Advances [Line Items]</link:label>
    <link:label id="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1_documentation_en-US" xlink:label="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Line item represents information regarding match funded advances.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_MatchFundedAdvancesLineItems" xlink:label="loc_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1" xlink:to="lab_ocn_MatchFundedAdvancesLineItems_96CF3759B42FD977304621663D1B88E1" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD_verboseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Match funded assets</link:label>
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Accounted for as Secured Borrowings, Assets, Carrying Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_AF646805509BFCDF6EF121663D1BD3DD" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB" xlink:to="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_3D9D2B16111EF3A5F4C8014A0EE248DB" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E_terseLabel_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Senior Unsecured Notes</link:label>
    <link:label id="lab_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E_label_en-US" xlink:label="lab_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="loc_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E" xlink:to="lab_us-gaap_UnsecuredDebtMember_D4D20D2B894D46B75AB626089C86C37E" xlink:type="arc" />
    <link:label id="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53_terseLabel_en-US" xlink:label="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">8.375% Senior Secured Notes Due In 2022</link:label>
    <link:label id="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53_label_en-US" xlink:label="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53" 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_3705CC6918289E8BD83826089C871B53_documentation_en-US" xlink:label="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53" 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-20191231.xsd#ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember" xlink:label="loc_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53" xlink:to="lab_ocn_EightPointThreeSevenFiveSeniorSecuredNotesDueInTwoThousandTwentyTwoMember_3705CC6918289E8BD83826089C871B53" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPeriodAxis_D97EE0629443B3EABEFC26089C87DE7E_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPeriodAxis_D97EE0629443B3EABEFC26089C87DE7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Axis]</link:label>
    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPeriodAxis_D97EE0629443B3EABEFC26089C87DE7E_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPeriodAxis_D97EE0629443B3EABEFC26089C87DE7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPeriodAxis_D97EE0629443B3EABEFC26089C87DE7E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IntersegmentEliminationMember_783EDC984FC62156EB187E73C88E1FE4_label_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_783EDC984FC62156EB187E73C88E1FE4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment Eliminations [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="loc_us-gaap_IntersegmentEliminationMember_783EDC984FC62156EB187E73C88E1FE4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_31AB42F3D13421E65E467E73C88EFF83_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_31AB42F3D13421E65E467E73C88EFF83" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
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    <link:label id="lab_us-gaap_SegmentDomain_EC7D16389E11E895F9EC7E73C88EF430_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_EC7D16389E11E895F9EC7E73C88EF430" 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_EC7D16389E11E895F9EC7E73C88EF430_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_EC7D16389E11E895F9EC7E73C88EF430" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
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    <link:label id="lab_ocn_ForwardWholesaleLendingSegmentMember_9C13C79490D8348C8FFC7E73C88E0E65_terseLabel_en-US" xlink:label="lab_ocn_ForwardWholesaleLendingSegmentMember_9C13C79490D8348C8FFC7E73C88E0E65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Wholesale Lending Segment</link:label>
    <link:label id="lab_ocn_ForwardWholesaleLendingSegmentMember_9C13C79490D8348C8FFC7E73C88E0E65_label_en-US" xlink:label="lab_ocn_ForwardWholesaleLendingSegmentMember_9C13C79490D8348C8FFC7E73C88E0E65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Wholesale Lending Segment [Member]</link:label>
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    <link:loc xlink:href="ocn-20191231.xsd#ocn_ForwardWholesaleLendingSegmentMember" xlink:label="loc_ocn_ForwardWholesaleLendingSegmentMember_9C13C79490D8348C8FFC7E73C88E0E65" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingMember_48FAB41C622CAFF923F47E73C88E17DE_terseLabel_en-US" xlink:label="lab_ocn_ServicingMember_48FAB41C622CAFF923F47E73C88E17DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
    <link:label id="lab_ocn_ServicingMember_48FAB41C622CAFF923F47E73C88E17DE_label_en-US" xlink:label="lab_ocn_ServicingMember_48FAB41C622CAFF923F47E73C88E17DE" 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_48FAB41C622CAFF923F47E73C88E17DE_documentation_en-US" xlink:label="lab_ocn_ServicingMember_48FAB41C622CAFF923F47E73C88E17DE" 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-20191231.xsd#ocn_ServicingMember" xlink:label="loc_ocn_ServicingMember_48FAB41C622CAFF923F47E73C88E17DE" xlink:type="locator" />
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    <link:label id="lab_ocn_LendingMember_E75EADF0B5D8ADE69A4E7E73C88E679C_terseLabel_en-US" xlink:label="lab_ocn_LendingMember_E75EADF0B5D8ADE69A4E7E73C88E679C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lending</link:label>
    <link:label id="lab_ocn_LendingMember_E75EADF0B5D8ADE69A4E7E73C88E679C_label_en-US" xlink:label="lab_ocn_LendingMember_E75EADF0B5D8ADE69A4E7E73C88E679C" 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_E75EADF0B5D8ADE69A4E7E73C88E679C_documentation_en-US" xlink:label="lab_ocn_LendingMember_E75EADF0B5D8ADE69A4E7E73C88E679C" 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-20191231.xsd#ocn_LendingMember" xlink:label="loc_ocn_LendingMember_E75EADF0B5D8ADE69A4E7E73C88E679C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetImpairmentCharges_98B2B708B89A2BEA5ECD7E73C88E1BAC_terseLabel_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_98B2B708B89A2BEA5ECD7E73C88E1BAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss on write-off of fixed assets, net</link:label>
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    <link:label id="lab_ocn_OtherIncomeExpenseAbstract0_E9136675A9CE59D62AFE7E73C88E8343_terseLabel_en-US" xlink:label="lab_ocn_OtherIncomeExpenseAbstract0_E9136675A9CE59D62AFE7E73C88E8343" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income (expense):</link:label>
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    <link:label id="lab_us-gaap_InterestAndOtherIncome_F8A1B3A792C7825B20997E73C88E58DE_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestAndOtherIncome_F8A1B3A792C7825B20997E73C88E58DE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndOtherIncome" xlink:label="loc_us-gaap_InterestAndOtherIncome_F8A1B3A792C7825B20997E73C88E58DE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueAmortization1_EE88B02BEE3AEC2E44617E73C88EAC47_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueAmortization1_EE88B02BEE3AEC2E44617E73C88EAC47" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Pledged MSR liability expense</link:label>
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    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueAdditions_2EF049776D91504FB3AC7F6E1DFD8570_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueAdditions_2EF049776D91504FB3AC7F6E1DFD8570" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueAdditions_2EF049776D91504FB3AC7F6E1DFD8570_label_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueAdditions_2EF049776D91504FB3AC7F6E1DFD8570" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Liability at Fair Value, Additions</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ServicingLiabilityAtFairValueAdditions" xlink:label="loc_us-gaap_ServicingLiabilityAtFairValueAdditions_2EF049776D91504FB3AC7F6E1DFD8570" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sales</link:label>
    <link:label id="lab_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65_label_en-US" xlink:label="lab_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset At Fair Value, Sales</link:label>
    <link:label id="lab_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65_documentation_en-US" xlink:label="lab_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Asset At Fair Value, Sales</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ServicingAssetAtFairValueSales" xlink:label="loc_ocn_ServicingAssetAtFairValueSales_E93D709B47FC3CE8FBFA7F808222BB65" xlink:type="locator" />
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    <link:label id="lab_ocn_RestructuringFeeReceivedInConnectionWithTransferOfMortgageServicingRights_E6A7DA2F47BD160F11B37F6E1DFE8905_terseLabel_en-US" xlink:label="lab_ocn_RestructuringFeeReceivedInConnectionWithTransferOfMortgageServicingRights_E6A7DA2F47BD160F11B37F6E1DFE8905" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receipt of lump-sum cash payments</link:label>
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    <link:label id="lab_ocn_RestructuringFeeReceivedInConnectionWithTransferOfMortgageServicingRights_E6A7DA2F47BD160F11B37F6E1DFE8905_documentation_en-US" xlink:label="lab_ocn_RestructuringFeeReceivedInConnectionWithTransferOfMortgageServicingRights_E6A7DA2F47BD160F11B37F6E1DFE8905" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restructuring fee received in connection with transfer of mortgage servicing rights.</link:label>
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    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions_AE9BB9BC3F610948F9947F6E1DFE42F0_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions_AE9BB9BC3F610948F9947F6E1DFE42F0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in fair value:</link:label>
    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions_AE9BB9BC3F610948F9947F6E1DFE42F0_label_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions_AE9BB9BC3F610948F9947F6E1DFE42F0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Liability at Fair Value, Changes in Fair Value Resulting from Changes in Valuation Inputs or Changes in Assumptions</link:label>
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    <link:label id="lab_ocn_RunoffSettlementsAndOtherFinancingLiability_E6A13536B3D4FB1181547F6E1DFE8595_negatedTerseLabel_en-US" xlink:label="lab_ocn_RunoffSettlementsAndOtherFinancingLiability_E6A13536B3D4FB1181547F6E1DFE8595" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Runoff and settlement:</link:label>
    <link:label id="lab_ocn_RunoffSettlementsAndOtherFinancingLiability_E6A13536B3D4FB1181547F6E1DFE8595_label_en-US" xlink:label="lab_ocn_RunoffSettlementsAndOtherFinancingLiability_E6A13536B3D4FB1181547F6E1DFE8595" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Runoff Settlements And Other Financing Liability</link:label>
    <link:label id="lab_ocn_RunoffSettlementsAndOtherFinancingLiability_E6A13536B3D4FB1181547F6E1DFE8595_documentation_en-US" xlink:label="lab_ocn_RunoffSettlementsAndOtherFinancingLiability_E6A13536B3D4FB1181547F6E1DFE8595" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the decrease in the value of financing liability due to portfolio runoff, settlements and other.</link:label>
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    <link:label id="lab_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958_negatedTerseLabel_en-US" xlink:label="lab_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Calls</link:label>
    <link:label id="lab_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958_label_en-US" xlink:label="lab_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Liability Calls</link:label>
    <link:label id="lab_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958_documentation_en-US" xlink:label="lab_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of decrease in liability balance in connection with clean-up call rights exercised by NRZ.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_FinancingLiabilityCalls" xlink:label="loc_ocn_FinancingLiabilityCalls_4567CAE87D1A258BE3D27F6E1DFE0958" xlink:type="locator" />
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    <link:label id="lab_ocn_FinancingLiabilityAtFairValue_FFB0DA0EF86A4230F2137F6E1DFEFEC6_periodEndLabel_en-US" xlink:label="lab_ocn_FinancingLiabilityAtFairValue_FFB0DA0EF86A4230F2137F6E1DFEFEC6" 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-20191231.xsd#ocn_FinancingLiabilityAtFairValue" xlink:label="loc_ocn_FinancingLiabilityAtFairValue_FFB0DA0EF86A4230F2137F6E1DFEFEC6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_430DD06FF16E0660226E21663DA2E2CC_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_430DD06FF16E0660226E21663DA2E2CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Recurring and Nonrecurring [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_430DD06FF16E0660226E21663DA2E2CC_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_430DD06FF16E0660226E21663DA2E2CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Recurring and Nonrecurring [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_430DD06FF16E0660226E21663DA2E2CC" xlink:type="locator" />
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    <link:label id="lab_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE_terseLabel_en-US" xlink:label="lab_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE_label_en-US" xlink:label="lab_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE_documentation_en-US" xlink:label="lab_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Mortgage Servicing Rights [Member]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_FairValueMortgageServicingRightsMember" xlink:label="loc_ocn_FairValueMortgageServicingRightsMember_C49DF56658B5B181234321663DA333FE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_695F7DF5C8E4F61EFDCF21663DA3714E" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_ADC248D520BF7A4A90B321663DA40A0B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_ADC248D520BF7A4A90B321663DA40A0B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments and Nonfinancial Assets Measured at Fair Value on a Recurring or Non-recurring basis or Disclosed, but not Carried, at Fair Value</link:label>
    <link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_ADC248D520BF7A4A90B321663DA40A0B_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTextBlock_ADC248D520BF7A4A90B321663DA40A0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, by Balance Sheet Grouping [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTextBlock" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTextBlock_ADC248D520BF7A4A90B321663DA40A0B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Reconciliation of the Changes in Fair Value of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis</link:label>
    <link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A" xlink:to="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_427374F03C644246D15C21663DA41C0A" xlink:type="arc" />
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    <link:label id="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_C80DE13BE6FC79235909014A0E02ECB9_terseLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_C80DE13BE6FC79235909014A0E02ECB9" 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_C80DE13BE6FC79235909014A0E02ECB9_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_C80DE13BE6FC79235909014A0E02ECB9" 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_C80DE13BE6FC79235909014A0E02ECB9_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedSubservicingFeesAmount_C80DE13BE6FC79235909014A0E02ECB9" 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-20191231.xsd#ocn_ContractuallySpecifiedSubservicingFeesAmount" xlink:label="loc_ocn_ContractuallySpecifiedSubservicingFeesAmount_C80DE13BE6FC79235909014A0E02ECB9" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_8D81142F71B745A91612014A0E024E99_terseLabel_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_8D81142F71B745A91612014A0E024E99" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NRZ</link:label>
    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_8D81142F71B745A91612014A0E024E99_label_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_8D81142F71B745A91612014A0E024E99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Fee Collected On Behalf Of Counterparty</link:label>
    <link:label id="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_8D81142F71B745A91612014A0E024E99_documentation_en-US" xlink:label="lab_ocn_ServicingFeeCollectedOnBehalfOfCounterparty_8D81142F71B745A91612014A0E024E99" 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_62FE2D19334F28A92767014A0E02AF62_totalLabel_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_62FE2D19334F28A92767014A0E02AF62" 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_62FE2D19334F28A92767014A0E02AF62_label_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_62FE2D19334F28A92767014A0E02AF62" 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_62FE2D19334F28A92767014A0E02AF62_documentation_en-US" xlink:label="lab_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_62FE2D19334F28A92767014A0E02AF62" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All amounts that, per contract, are due in exchange for servicing or subservicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal" xlink:label="loc_ocn_ContractuallySpecifiedServicingAndSubservicingFeesAmountTotal_62FE2D19334F28A92767014A0E02AF62" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_32871FDDBA4EB11714D0014A0E025F20_terseLabel_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_32871FDDBA4EB11714D0014A0E025F20" 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_32871FDDBA4EB11714D0014A0E025F20_label_en-US" xlink:label="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_32871FDDBA4EB11714D0014A0E025F20" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_32871FDDBA4EB11714D0014A0E025F20" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_32871FDDBA4EB11714D0014A0E025F20" xlink:to="lab_us-gaap_LateFeeIncomeGeneratedByServicingFinancialAssetsAmount_32871FDDBA4EB11714D0014A0E025F20" xlink:type="arc" />
    <link:label id="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F_terseLabel_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F" 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_CBF198A4DF4574FC5905014A0E03A32F_label_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F" 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_CBF198A4DF4574FC5905014A0E03A32F_documentation_en-US" xlink:label="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents fees related to a specific loan modification program due to the servicer in exchange for servicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F" xlink:to="lab_ocn_LoanModificationProgramFeesEarnedInExchangeForServicingFinancialAssets_CBF198A4DF4574FC5905014A0E03A32F" xlink:type="arc" />
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353_terseLabel_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Custodial accounts (float earnings)</link:label>
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353_label_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Float Earnings Earned In Exchange For Servicing Financial Assets</link:label>
    <link:label id="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353_documentation_en-US" xlink:label="lab_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount related to interest earned on unremitted loan payments held in custodial accounts, are due to the servicer in exchange for servicing the financial asset.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_FloatEarningsEarnedInExchangeForServicingFinancialAssets_6052AE7B84162B540420014A0E035353" xlink:type="locator" />
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    <link:label id="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_DD14194742224420FB6B014A0E034294_terseLabel_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_DD14194742224420FB6B014A0E034294" 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_DD14194742224420FB6B014A0E034294_label_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_DD14194742224420FB6B014A0E034294" 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_DD14194742224420FB6B014A0E034294_documentation_en-US" xlink:label="lab_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_DD14194742224420FB6B014A0E034294" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents loan collection fees paid by the borrower to the servicer for automated payment services.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_ocn_LoanCollectionFeesEarnedInExchangeForServicingFinancialAssets_DD14194742224420FB6B014A0E034294" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28_terseLabel_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28_label_en-US" xlink:label="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ancillary Fee Income Generated by Servicing Financial Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount" xlink:label="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28" xlink:to="lab_us-gaap_AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount_18D80B9DD306A1E84902014A0E036D28" xlink:type="arc" />
    <link:label id="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_30274F6D906462E87CBD014A0E033627_totalLabel_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_30274F6D906462E87CBD014A0E033627" 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_30274F6D906462E87CBD014A0E033627_label_en-US" xlink:label="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_30274F6D906462E87CBD014A0E033627" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets" xlink:label="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_30274F6D906462E87CBD014A0E033627" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_30274F6D906462E87CBD014A0E033627" xlink:to="lab_us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets_30274F6D906462E87CBD014A0E033627" xlink:type="arc" />
    <link:label id="lab_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B_terseLabel_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Table]</link:label>
    <link:label id="lab_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B_label_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxCreditCarryforwardTable" xlink:label="loc_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B" xlink:to="lab_us-gaap_TaxCreditCarryforwardTable_79F3BE1ED912C3CF8C1278532D8FD25B" xlink:type="arc" />
    <link:label id="lab_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA_terseLabel_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Axis]</link:label>
    <link:label id="lab_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA_label_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxCreditCarryforwardAxis" xlink:label="loc_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA" xlink:to="lab_us-gaap_TaxCreditCarryforwardAxis_48308BC3BEBA72C0B5BB78532D8F4BEA" xlink:type="arc" />
    <link:label id="lab_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA_terseLabel_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward, Name [Domain]</link:label>
    <link:label id="lab_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA_label_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward, Name [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxCreditCarryforwardNameDomain" xlink:label="loc_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA" xlink:to="lab_us-gaap_TaxCreditCarryforwardNameDomain_6B5D4C15B2BB12862D1A78532D8F9DCA" xlink:type="arc" />
    <link:label id="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A_terseLabel_en-US" xlink:label="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transition Tax Liability</link:label>
    <link:label id="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A_label_en-US" xlink:label="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transition Tax Liability [Member]</link:label>
    <link:label id="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A_documentation_en-US" xlink:label="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transition tax liability.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TransitionTaxLiabilityMember" xlink:label="loc_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A" xlink:to="lab_ocn_TransitionTaxLiabilityMember_E5E9B1B02D21EE0002B078532D90949A" xlink:type="arc" />
    <link:label id="lab_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56_terseLabel_en-US" xlink:label="lab_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual Limitations on Utilization of Tax Attributes</link:label>
    <link:label id="lab_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56_label_en-US" xlink:label="lab_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Annual Limitations on Utilization of Tax Attributes [Member]</link:label>
    <link:label id="lab_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56_documentation_en-US" xlink:label="lab_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual limitations on utilization of tax attributes.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AnnualLimitationsonUtilizationofTaxAttributesMember" xlink:label="loc_ocn_AnnualLimitationsonUtilizationofTaxAttributesMember_B71F9AF2D93026E395BF78532D954C56" xlink:type="locator" />
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    <link:label id="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757_terseLabel_en-US" xlink:label="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Tax Credit</link:label>
    <link:label id="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757_label_en-US" xlink:label="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Tax Credit [Member]</link:label>
    <link:label id="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757_documentation_en-US" xlink:label="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign tax credit.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ForeignTaxCreditMember" xlink:label="loc_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757" xlink:to="lab_ocn_ForeignTaxCreditMember_6DCD0A38288EDA7791A678532D95D757" xlink:type="arc" />
    <link:label id="lab_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-09, Valuation Allowance, Tax Credit Carryforward</link:label>
    <link:label id="lab_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30_label_en-US" xlink:label="lab_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-09, Valuation Allowance, Tax Credit Carryforward [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ValuationAllowanceTaxCreditCarryforwardMember" xlink:label="loc_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30" xlink:to="lab_us-gaap_ValuationAllowanceTaxCreditCarryforwardMember_74478CAB309B0189D20478532D953E30" xlink:type="arc" />
    <link:label id="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4_terseLabel_en-US" xlink:label="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-09, Valuation Allowance, Operating Loss Carryforward</link:label>
    <link:label id="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4_label_en-US" xlink:label="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SEC Schedule, 12-09, Valuation Allowance, Operating Loss Carryforward [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember" xlink:label="loc_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4" xlink:to="lab_us-gaap_ValuationAllowanceOperatingLossCarryforwardsMember_C031DE3F24B0A5988F4778532D960AB4" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital Loss Carryforward</link:label>
    <link:label id="lab_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95_label_en-US" xlink:label="lab_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Loss Carryforward [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalLossCarryforwardMember" xlink:label="loc_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95" xlink:to="lab_us-gaap_CapitalLossCarryforwardMember_12D2661B134B8863640478532D964B95" xlink:type="arc" />
    <link:label id="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597_terseLabel_en-US" xlink:label="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">India and Philippines Subsidiary</link:label>
    <link:label id="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597_label_en-US" xlink:label="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">India And Philippines Subsidiary [Member]</link:label>
    <link:label id="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597_documentation_en-US" xlink:label="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">India and Philippines subsidiary.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_IndiaAndPhilippinesSubsidiaryMember" xlink:label="loc_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597" xlink:to="lab_ocn_IndiaAndPhilippinesSubsidiaryMember_A705F23CD84DA1F95AB478532D970597" xlink:type="arc" />
    <link:label id="lab_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B_terseLabel_en-US" xlink:label="lab_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Mortgage Servicing Inc</link:label>
    <link:label id="lab_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B_label_en-US" xlink:label="lab_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Mortgage Servicing Inc [Member]</link:label>
    <link:label id="lab_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B_documentation_en-US" xlink:label="lab_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the primary operating subsidiary.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_OcwenMortgageServicingIncMember" xlink:label="loc_ocn_OcwenMortgageServicingIncMember_ABD73A87551E693F33D078532D97181B" xlink:type="locator" />
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    <link:label id="lab_country_VI_667A5EDCDCCE851FB71578532D980F2B_terseLabel_en-US" xlink:label="lab_country_VI_667A5EDCDCCE851FB71578532D980F2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">USVI</link:label>
    <link:label id="lab_country_VI_667A5EDCDCCE851FB71578532D980F2B_label_en-US" xlink:label="lab_country_VI_667A5EDCDCCE851FB71578532D980F2B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">VIRGIN ISLANDS, US</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_VI" xlink:label="loc_country_VI_667A5EDCDCCE851FB71578532D980F2B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_VI_667A5EDCDCCE851FB71578532D980F2B" xlink:to="lab_country_VI_667A5EDCDCCE851FB71578532D980F2B" xlink:type="arc" />
    <link:label id="lab_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534_terseLabel_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Line Items]</link:label>
    <link:label id="lab_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534_label_en-US" xlink:label="lab_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax Credit Carryforward [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TaxCreditCarryforwardLineItems" xlink:label="loc_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534" xlink:to="lab_us-gaap_TaxCreditCarryforwardLineItems_07BF93EF24DC5CDDD1DC78532D982534" xlink:type="arc" />
    <link:label id="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4_terseLabel_en-US" xlink:label="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease in federal net operating loss carryforwards</link:label>
    <link:label id="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4_label_en-US" xlink:label="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease in Federal Net Operating Loss Carryforwards</link:label>
    <link:label id="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4_documentation_en-US" xlink:label="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount before allocation of valuation allowances of decrease in deferred tax asset attributable to deductible operating loss carryforwards.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_DecreaseinFederalNetOperatingLossCarryforwards" xlink:label="loc_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4" xlink:to="lab_ocn_DecreaseinFederalNetOperatingLossCarryforwards_A75618D2B3690871C70478532D990DD4" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxReconciliationTaxCreditsForeign_E0D5614F9F2D282D00E778532D990FAF_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxReconciliationTaxCreditsForeign_E0D5614F9F2D282D00E778532D990FAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in foreign tax credits</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxReconciliationTaxCreditsForeign" xlink:label="loc_us-gaap_IncomeTaxReconciliationTaxCreditsForeign_E0D5614F9F2D282D00E778532D990FAF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxReconciliationTaxCreditsForeign_E0D5614F9F2D282D00E778532D990FAF" xlink:to="lab_us-gaap_IncomeTaxReconciliationTaxCreditsForeign_E0D5614F9F2D282D00E778532D990FAF" xlink:type="arc" />
    <link:label id="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E_terseLabel_en-US" xlink:label="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Decrease in deferred tax asset</link:label>
    <link:label id="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E_label_en-US" xlink:label="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Deferred Tax Asset</link:label>
    <link:label id="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E_documentation_en-US" xlink:label="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represent the amount of decrease, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and operating loss carryforwards.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_DecreaseInDeferredTaxAsset" xlink:label="loc_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E" xlink:to="lab_ocn_DecreaseInDeferredTaxAsset_687C5346D1088965432878532D99FF4E" xlink:type="arc" />
    <link:label id="lab_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1_terseLabel_en-US" xlink:label="lab_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in deferred tax asset</link:label>
    <link:label id="lab_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1_label_en-US" xlink:label="lab_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase In Deferred Tax Asset</link:label>
    <link:label id="lab_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1_documentation_en-US" xlink:label="lab_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represent the amount of increase, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and operating loss carryforwards.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_IncreaseInDeferredTaxAsset" xlink:label="loc_ocn_IncreaseInDeferredTaxAsset_75CCD5466D93129EAD0A78532D99A7D1" xlink:type="locator" />
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    <link:label id="lab_ocn_ReverseMortgageLoanInterestRateLockCommitmentsMember_CACADF73BDD8722EDA467D36DD05B2B4_terseLabel_en-US" xlink:label="lab_ocn_ReverseMortgageLoanInterestRateLockCommitmentsMember_CACADF73BDD8722EDA467D36DD05B2B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reverse Mortgage Loan Interest Rate Lock Commitments</link:label>
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    <link:label id="lab_ocn_ReverseMortgageLoanInterestRateLockCommitmentsMember_CACADF73BDD8722EDA467D36DD05B2B4_documentation_en-US" xlink:label="lab_ocn_ReverseMortgageLoanInterestRateLockCommitmentsMember_CACADF73BDD8722EDA467D36DD05B2B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reverse mortgage loan interest rate lock commitments.</link:label>
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    <link:label id="lab_us-gaap_OtherCommitmentsLineItems_7572D51810C4379B8E897D36DD05CA80_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsLineItems_7572D51810C4379B8E897D36DD05CA80" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Commitments [Line Items]</link:label>
    <link:label id="lab_us-gaap_OtherCommitmentsLineItems_7572D51810C4379B8E897D36DD05CA80_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsLineItems_7572D51810C4379B8E897D36DD05CA80" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Commitments [Line Items]</link:label>
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    <link:label id="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_093439CE00DB4390FFCC7D41E9D33F81_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_093439CE00DB4390FFCC7D41E9D33F81" 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_093439CE00DB4390FFCC7D41E9D33F81_label_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_093439CE00DB4390FFCC7D41E9D33F81" 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_093439CE00DB4390FFCC7D41E9D33F81_documentation_en-US" xlink:label="lab_ocn_NumberOfStatesWhoArePartOfConfidentialSupervisoryMemorandumOfUnderstanding_093439CE00DB4390FFCC7D41E9D33F81" 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>
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    <link:label id="lab_ocn_AdditionalBorrowingCapacityToBorrowers_BC2DA2696914ED85CEAF7D36DD0566CB_terseLabel_en-US" xlink:label="lab_ocn_AdditionalBorrowingCapacityToBorrowers_BC2DA2696914ED85CEAF7D36DD0566CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional borrowing capacity to borrowers</link:label>
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    <link:label id="lab_ocn_AdditionalBorrowingCapacityToBorrowers_BC2DA2696914ED85CEAF7D36DD0566CB_documentation_en-US" xlink:label="lab_ocn_AdditionalBorrowingCapacityToBorrowers_BC2DA2696914ED85CEAF7D36DD0566CB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional borrowing capacity to borrowers.</link:label>
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    <link:label id="lab_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6_terseLabel_en-US" xlink:label="lab_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term commitments to lend</link:label>
    <link:label id="lab_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6_label_en-US" xlink:label="lab_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-Term Commitments To Lend</link:label>
    <link:label id="lab_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6_documentation_en-US" xlink:label="lab_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Short-term commitments to lend.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ShortTermCommitmentsToLend" xlink:label="loc_ocn_ShortTermCommitmentsToLend_5169FBD96CDAA75A98F37D36DD0584F6" xlink:type="locator" />
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    <link:label id="lab_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC_terseLabel_en-US" xlink:label="lab_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Threshold percentage of outstanding principal balance on maximum claim amount</link:label>
    <link:label id="lab_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC_label_en-US" xlink:label="lab_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Threshold Percentage Of Outstanding Principal Balance On Maximum Claim Amount</link:label>
    <link:label id="lab_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC_documentation_en-US" xlink:label="lab_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Threshold percentage of outstanding principal balance on maximum claim amount.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount" xlink:label="loc_ocn_ThresholdPercentageOfOutstandingPrincipalBalanceOnMaximumClaimAmount_9B9E9CDD76146ECD29787D36DD05BCAC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average remaining lease term (years)</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Weighted Average Remaining Lease Term</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623" xlink:to="lab_us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1_0A8A8AF9F8354F849DF37D36DD067623" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average discount rate (percent)</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Weighted Average Discount Rate, Percent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent" xlink:label="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC" xlink:to="lab_us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent_47044710B2E97E58EC8F7D36DD0680BC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeaseCost_7669ECCCE02BCB13C64C7D36DD066473_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost_7669ECCCE02BCB13C64C7D36DD066473" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating lease cost</link:label>
    <link:label id="lab_us-gaap_OperatingLeaseCost_7669ECCCE02BCB13C64C7D36DD066473_label_en-US" xlink:label="lab_us-gaap_OperatingLeaseCost_7669ECCCE02BCB13C64C7D36DD066473" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Lease, Cost</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseCost" xlink:label="loc_us-gaap_OperatingLeaseCost_7669ECCCE02BCB13C64C7D36DD066473" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344_verboseLabel_en-US" xlink:label="lab_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Operating leases, rent expense</link:label>
    <link:label id="lab_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344_label_en-US" xlink:label="lab_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Rent Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LeaseAndRentalExpense" xlink:label="loc_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344" xlink:to="lab_us-gaap_LeaseAndRentalExpense_7D6EF0FC65EB12ABDCF67D36DD066344" xlink:type="arc" />
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    <link:label id="lab_us-gaap_VariableLeaseCost_7D7EAC3647A4B8F4EFDF7D36DD06D40A_label_en-US" xlink:label="lab_us-gaap_VariableLeaseCost_7D7EAC3647A4B8F4EFDF7D36DD06D40A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Lease, Cost</link:label>
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    <link:label id="lab_us-gaap_SubleaseIncome_EF9148B56655110039007D36DD066C60_terseLabel_en-US" xlink:label="lab_us-gaap_SubleaseIncome_EF9148B56655110039007D36DD066C60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease income</link:label>
    <link:label id="lab_us-gaap_SubleaseIncome_EF9148B56655110039007D36DD066C60_label_en-US" xlink:label="lab_us-gaap_SubleaseIncome_EF9148B56655110039007D36DD066C60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sublease Income</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementSubleaseRevenue_E7C575C41695DE336CE77D36DD064B8B_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementSubleaseRevenue_E7C575C41695DE336CE77D36DD064B8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sublease income</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesIncomeStatementSubleaseRevenue_E7C575C41695DE336CE77D36DD064B8B_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesIncomeStatementSubleaseRevenue_E7C575C41695DE336CE77D36DD064B8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Income Statement, Sublease Revenue</link:label>
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    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_CC80D122DD92210402B426089D18A1DF_terseLabel_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_CC80D122DD92210402B426089D18A1DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Master Advance Receivables Trust (OMART)</link:label>
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    <link:label id="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_CC80D122DD92210402B426089D18A1DF_documentation_en-US" xlink:label="lab_ocn_OcwenMasterAdvanceReceivablesTrustMember_CC80D122DD92210402B426089D18A1DF" 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_F696DF58661475FF2F0826089D18E46D_documentation_en-US" xlink:label="lab_ocn_OcwenFreddieAdvanceFundingMember_F696DF58661475FF2F0826089D18E46D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen Freddie advance funding.</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_E383135F9D4D17837ADA26089D19FE03_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_E383135F9D4D17837ADA26089D19FE03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Effective Percentage</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_E383135F9D4D17837ADA26089D19FE03" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_DAA033FC76E268C5774B26089D196DF4_verboseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_DAA033FC76E268C5774B26089D196DF4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Match funded liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_DAA033FC76E268C5774B26089D196DF4" xlink:type="locator" />
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    <link:label id="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_FE66B64DD3520B279C3B0C52954ECEA1_documentation_en-US" xlink:label="lab_ocn_MovementInLoansHeldForSaleAtFairValueRollForward_FE66B64DD3520B279C3B0C52954ECEA1" 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_LoansHeldForSaleAtLowerOfCostOrFairValue_E44AD897200D02AEA6F90C52954FA477_periodStartLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_E44AD897200D02AEA6F90C52954FA477" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
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    <link:label id="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_E44AD897200D02AEA6F90C52954FA477_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_E44AD897200D02AEA6F90C52954FA477" 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_FD5618B257369520AE3F0C52954FC48D_terseLabel_en-US" xlink:label="lab_ocn_PaymentsforOriginationofMortgageLoansHeldforsaleatLowerofCostorFairValue_FD5618B257369520AE3F0C52954FC48D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases</link:label>
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    <link:label id="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_AFDF77BDED70339F57140C52954FB6F2_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_AFDF77BDED70339F57140C52954FB6F2" 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_AFDF77BDED70339F57140C52954FB6F2_label_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_AFDF77BDED70339F57140C52954FB6F2" 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_AFDF77BDED70339F57140C52954FB6F2_documentation_en-US" xlink:label="lab_ocn_ProceedsfromSaleofMortgageLoansHeldforsaleatLowerofCostorFairValue_AFDF77BDED70339F57140C52954FB6F2" 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_2C5046CE298EC437D3780C52954F00C8_negatedTerseLabel_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_2C5046CE298EC437D3780C52954F00C8" 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_2C5046CE298EC437D3780C52954F00C8_label_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_2C5046CE298EC437D3780C52954F00C8" 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_2C5046CE298EC437D3780C52954F00C8_documentation_en-US" xlink:label="lab_ocn_ProceedsfromPrincipalPaymentsonMortgageLoansHeldforsaleatLowerofCostorFairValue_2C5046CE298EC437D3780C52954F00C8" 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_ED8D068DDA032A5A877A0C52954F4211_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_ED8D068DDA032A5A877A0C52954F4211" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_ED8D068DDA032A5A877A0C52954F4211_label_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_ED8D068DDA032A5A877A0C52954F4211" 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_ED8D068DDA032A5A877A0C52954F4211_documentation_en-US" xlink:label="lab_ocn_TransferstoAccountsReceivablefromMortgageLoansHeldforsaleatLowerofCostorFairValue_ED8D068DDA032A5A877A0C52954F4211" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to accounts receivable from mortgage loans held-for-sale, at lower of cost or fair value.</link:label>
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    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E145DB25161A0CA5EC080C52955481FB_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E145DB25161A0CA5EC080C52955481FB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">REO (Other assets)</link:label>
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    <link:label id="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E145DB25161A0CA5EC080C52955481FB_documentation_en-US" xlink:label="lab_ocn_TransferstoRealEstateOwnedfromMortgageLoansHeldforsaleatLowerofCostorFairValue_E145DB25161A0CA5EC080C52955481FB" 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>
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    <link:label id="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_F9CE338E32600413BA7F0C5295550DEA_terseLabel_en-US" xlink:label="lab_ocn_GainLossonSaleofMortgageLoansHeldforsaleatLowerCostorFairValue_F9CE338E32600413BA7F0C5295550DEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of loans</link:label>
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    <link:label id="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_08520BE4ABF422C718700C529555A5E6_negatedTerseLabel_en-US" xlink:label="lab_ocn_IncreaseDecreaseinValuationAllowanceofMortgageLoansHeldforsaleatLowerCostorFairValue_08520BE4ABF422C718700C529555A5E6" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Decrease (increase) in valuation allowance</link:label>
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    <link:label id="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_7F692822EDCEC8B7B5230C5295553B83_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_7F692822EDCEC8B7B5230C5295553B83" 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_7F692822EDCEC8B7B5230C5295553B83_label_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_7F692822EDCEC8B7B5230C5295553B83" 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_7F692822EDCEC8B7B5230C5295553B83_documentation_en-US" xlink:label="lab_ocn_OtherAdjustmentstoMortgageLoansHeldforsaleatLowerCostorFairValue_7F692822EDCEC8B7B5230C5295553B83" 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_DDFB7C7692B5FC1C8EDB0C529555527D_periodEndLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerOfCostOrFairValue_DDFB7C7692B5FC1C8EDB0C529555527D" 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_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_AD28ADB45F35B396DD5B0D6FEE5C2112_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_AD28ADB45F35B396DD5B0D6FEE5C2112" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Receivables</link:label>
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    <link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_8BA7FCB47437010FE8A80D6FEE5CD95E_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_8BA7FCB47437010FE8A80D6FEE5CD95E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Changes in Allowance For Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock" xlink:label="loc_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_8BA7FCB47437010FE8A80D6FEE5CD95E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_D28E8C3F1DF611A8788A21663D7A3700_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_D28E8C3F1DF611A8788A21663D7A3700" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
    <link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_D28E8C3F1DF611A8788A21663D7A3700_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_D28E8C3F1DF611A8788A21663D7A3700" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_D28E8C3F1DF611A8788A21663D7A3700" xlink:type="locator" />
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    <link:label id="lab_ocn_LoansHeldforInvestmentSecuritizationTrustsMember_0AB49B371FA8EA180C5F21663D7C635D_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentSecuritizationTrustsMember_0AB49B371FA8EA180C5F21663D7C635D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans Held for Investments - Restricted for Securitization Investors</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentSecuritizationTrustsMember_0AB49B371FA8EA180C5F21663D7C635D_label_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentSecuritizationTrustsMember_0AB49B371FA8EA180C5F21663D7C635D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Investment Securitization Trusts [Member]</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentSecuritizationTrustsMember_0AB49B371FA8EA180C5F21663D7C635D_documentation_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentSecuritizationTrustsMember_0AB49B371FA8EA180C5F21663D7C635D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans held for investment securitization trusts.</link:label>
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    <link:label id="lab_us-gaap_ServicingContractsMember_09AF6CFC60FD8B5C7EAB21663D7C5E10_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingContractsMember_09AF6CFC60FD8B5C7EAB21663D7C5E10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing Contracts</link:label>
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    <link:label id="lab_ocn_LoansHeldforInvestmentMember_1A8B277DBC201E1B393C21663D7CEC37_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentMember_1A8B277DBC201E1B393C21663D7CEC37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans Held for Investment</link:label>
    <link:label id="lab_ocn_LoansHeldforInvestmentMember_1A8B277DBC201E1B393C21663D7CEC37_label_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentMember_1A8B277DBC201E1B393C21663D7CEC37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held for Investment [Member]</link:label>
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    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_E252FD50809562C1B90421663D81D11B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_E252FD50809562C1B90421663D81D11B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuances</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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_E252FD50809562C1B90421663D81D11B" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_E252FD50809562C1B90421663D81D11B" xlink:type="arc" />
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    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisConsolidationOfMortgagebackedSecuritizationTrusts_0712C4B27129CC87487221663D81DA72_documentation_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisConsolidationOfMortgagebackedSecuritizationTrusts_0712C4B27129CC87487221663D81DA72" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the consolidated amount of the mortgage backed securitization trusts classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</link:label>
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    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToLoansHeldForSaleAtFairValue_8FB50393EC612F2B47A621663D820152_negatedTerseLabel_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToLoansHeldForSaleAtFairValue_8FB50393EC612F2B47A621663D820152" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at fair value</link:label>
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    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToLoansHeldForSaleAtFairValue_8FB50393EC612F2B47A621663D820152_documentation_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToLoansHeldForSaleAtFairValue_8FB50393EC612F2B47A621663D820152" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value measurement with unobservable inputs reconciliation asset transfers out of level3 to loans held for sale at fair value.</link:label>
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    <link:loc xlink:href="ocn-20191231.xsd#ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToReceivables" xlink:label="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToReceivables_A3BDB96D688B48372BD421663D824267" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToReceivables_A3BDB96D688B48372BD421663D824267" xlink:to="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToReceivables_A3BDB96D688B48372BD421663D824267" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41_negatedTerseLabel_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41_label_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement With Unobservable Inputs Reconciliation Asset Transfers Out of Level3 To Other Assets</link:label>
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41_documentation_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value measurement with unobservable inputs reconciliation asset transfers out of level3 to other assets.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets" xlink:label="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41" xlink:to="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationAssetTransfersOutofLevel3ToOtherAssets_741ABB2C5C806B88DC3521663D82CD41" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07_totalLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Purchases, issuances, sales and settlements, total</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, (Sales), Issuances, (Settlements)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements_2E392730D7415C74304721663D824E07" xlink:type="arc" />
    <link:label id="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E_terseLabel_en-US" xlink:label="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total realized and unrealized gains and (losses):</link:label>
    <link:label id="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E_label_en-US" xlink:label="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total realized and unrealized gains and (losses) (2): [Abstract]</link:label>
    <link:label id="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E_documentation_en-US" xlink:label="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E" 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-20191231.xsd#ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract" xlink:label="loc_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E" xlink:to="lab_ocn_TotalRealizedAndUnrealizedGainsAndLosses2Abstract_EB42E5D2A0E53F4A791521663D83BF3E" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Included in earnings</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_7E1ADED9B45BDAC373EC21663D835BA4" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C_terseLabel_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Included in earnings and other comprehensive income</link:label>
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C_label_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss)</link:label>
    <link:label id="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C_documentation_en-US" xlink:label="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included In Earnings and Other Comprehensive Income (Loss)</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss" xlink:label="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C" xlink:to="lab_ocn_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarningsandOtherComprehensiveIncomeLoss_E29E6C5857C9B0E8FE3B21663D83F14C" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers in and / or out of Level 3</link:label>
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_C9D2C80A4981C271893F21663D83B744" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_58F1A49B58E967FC645221663D83CD68_periodEndLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_58F1A49B58E967FC645221663D83CD68" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_58F1A49B58E967FC645221663D83CD68" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_58F1A49B58E967FC645221663D83CD68" xlink:to="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_58F1A49B58E967FC645221663D83CD68" xlink:type="arc" />
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25_terseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of MSRs accounted for as a financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25_label_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Of Mortgage Servicing Rights Accounted For As Financing</link:label>
    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25_documentation_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from sale of mortgage servicing rights accounted for as financing.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing" xlink:label="loc_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25" xlink:to="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_12A312BE5080C87A157121663D849E25" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_103C0C6AFEFC08130F8721663D843F31_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_103C0C6AFEFC08130F8721663D843F31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on sale of derivatives</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfDerivatives_103C0C6AFEFC08130F8721663D843F31_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfDerivatives_103C0C6AFEFC08130F8721663D843F31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Derivatives</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfDerivatives" xlink:label="loc_us-gaap_GainLossOnSaleOfDerivatives_103C0C6AFEFC08130F8721663D843F31" xlink:type="locator" />
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    <link:label id="lab_ocn_TransfersUponReceiptOfConsentsMortgageServicingRights_25E4B4A06287B25F9F5D21663D849048_terseLabel_en-US" xlink:label="lab_ocn_TransfersUponReceiptOfConsentsMortgageServicingRights_25E4B4A06287B25F9F5D21663D849048" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers upon receipt of consents mortgage servicing rights</link:label>
    <link:label id="lab_ocn_TransfersUponReceiptOfConsentsMortgageServicingRights_25E4B4A06287B25F9F5D21663D849048_label_en-US" xlink:label="lab_ocn_TransfersUponReceiptOfConsentsMortgageServicingRights_25E4B4A06287B25F9F5D21663D849048" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Upon Receipt Of Consents Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_TransfersUponReceiptOfConsentsMortgageServicingRights_25E4B4A06287B25F9F5D21663D849048_documentation_en-US" xlink:label="lab_ocn_TransfersUponReceiptOfConsentsMortgageServicingRights_25E4B4A06287B25F9F5D21663D849048" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the value of mortgage servicing rights transferred to transferee upon receipt of third party consents.</link:label>
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    <link:label id="lab_us-gaap_AssetsAbstract_00114ADFBC4142FD98965E8F0541F840_verboseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_00114ADFBC4142FD98965E8F0541F840" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_00114ADFBC4142FD98965E8F0541F840" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract_00114ADFBC4142FD98965E8F0541F840" xlink:to="lab_us-gaap_AssetsAbstract_00114ADFBC4142FD98965E8F0541F840" xlink:type="arc" />
    <link:label id="lab_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D_terseLabel_en-US" xlink:label="lab_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D_label_en-US" xlink:label="lab_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Cash" xlink:label="loc_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D" xlink:to="lab_us-gaap_Cash_6EC4A46803AACBD19E695E8F05411F3D" xlink:type="arc" />
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash (amounts related to variable interest entities (VIEs) of $20,434 and $20,968)</link:label>
    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalents_722BA6281BBF840F86195E8F05421C65" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingAsset_5CB148C1770E30E20AF35E8F0542BB0A_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAsset_5CB148C1770E30E20AF35E8F0542BB0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights (MSRs), at fair value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ServicingAsset" xlink:label="loc_us-gaap_ServicingAsset_5CB148C1770E30E20AF35E8F0542BB0A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingAsset_5CB148C1770E30E20AF35E8F0542BB0A" xlink:to="lab_us-gaap_ServicingAsset_5CB148C1770E30E20AF35E8F0542BB0A" xlink:type="arc" />
    <link:label id="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784_terseLabel_en-US" xlink:label="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances, net</link:label>
    <link:label id="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784_label_en-US" xlink:label="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784_documentation_en-US" xlink:label="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Carrying amount as of the balance sheet date of non-interest-bearing advances made on loans serviced for others. Includes receivables for funds advanced by the servicer to meet contractual principal and interest remittance requirements for the investors, pay property taxes and insurance premiums and process foreclosures. Also includes receivables for funds advanced to maintain, repair and market foreclosed real estate properties on behalf of investors.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_Advances" xlink:label="loc_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784" xlink:to="lab_ocn_Advances_12BBEEB3CE2FC9F533635E8F05421784" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_5943D8B3CF7A21B199675E8F05424DDA_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_5943D8B3CF7A21B199675E8F05424DDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match funded advances (related to VIEs)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_5943D8B3CF7A21B199675E8F05424DDA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_5943D8B3CF7A21B199675E8F05424DDA" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount_5943D8B3CF7A21B199675E8F05424DDA" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale ($208,752 and $176,525 carried at fair value)</link:label>
    <link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F" 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</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_FAB8601FBE4F5C1922795E8F0542AF3F" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansReceivableFairValueDisclosure_869CFFB927F828CE682C5E8F0543AD47_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableFairValueDisclosure_869CFFB927F828CE682C5E8F0543AD47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment, at fair value (amounts related to VIEs of $23,342 and $26,520)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableFairValueDisclosure" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_869CFFB927F828CE682C5E8F0543AD47" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableFairValueDisclosure_869CFFB927F828CE682C5E8F0543AD47" xlink:to="lab_us-gaap_LoansReceivableFairValueDisclosure_869CFFB927F828CE682C5E8F0543AD47" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables, net</link:label>
    <link:label id="lab_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7" xlink:to="lab_us-gaap_OtherReceivables_EC6AD1FA1512117000F45E8F05435FC7" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_CEB9B5E08624EB1EE0285E8F0543E8D6_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_CEB9B5E08624EB1EE0285E8F0543E8D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_CEB9B5E08624EB1EE0285E8F0543E8D6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_CEB9B5E08624EB1EE0285E8F0543E8D6" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_CEB9B5E08624EB1EE0285E8F0543E8D6" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherAssets_F7AB0A5C3FE10D09128F5E8F05430F6B_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_F7AB0A5C3FE10D09128F5E8F05430F6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets ($8,524 and $7,568 carried at fair value) (amounts related to VIEs of $4,078 and $2,874)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_F7AB0A5C3FE10D09128F5E8F05430F6B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_F7AB0A5C3FE10D09128F5E8F05430F6B" xlink:to="lab_us-gaap_OtherAssets_F7AB0A5C3FE10D09128F5E8F05430F6B" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_D6B88F85C1069F4706C25E8F05437E66_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_D6B88F85C1069F4706C25E8F05437E66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets related to discontinued operations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_D6B88F85C1069F4706C25E8F05437E66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_D6B88F85C1069F4706C25E8F05437E66" xlink:to="lab_us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation_D6B88F85C1069F4706C25E8F05437E66" xlink:type="arc" />
    <link:label id="lab_us-gaap_Assets_B831F455BAB788ABA4695E8F054418F1_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_B831F455BAB788ABA4695E8F054418F1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_B831F455BAB788ABA4695E8F054418F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_B831F455BAB788ABA4695E8F054418F1" xlink:to="lab_us-gaap_Assets_B831F455BAB788ABA4695E8F054418F1" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Stockholders&#8217; Equity</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_61598E7777CCCC0AEA9A5E8F0544532C" xlink:type="arc" />
    <link:label id="lab_us-gaap_LiabilitiesAbstract_6834201A49C19ED7FD125E8F054499A6_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_6834201A49C19ED7FD125E8F054499A6" 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_6834201A49C19ED7FD125E8F054499A6_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_6834201A49C19ED7FD125E8F054499A6" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_6834201A49C19ED7FD125E8F054499A6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAbstract_6834201A49C19ED7FD125E8F054499A6" xlink:to="lab_us-gaap_LiabilitiesAbstract_6834201A49C19ED7FD125E8F054499A6" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614_terseLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Home Equity Conversion Mortgage-Backed Securities (HMBS) - related borrowings, at fair value</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614_label_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614" 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_7B14A225714D65A560EF5E8F05448614_documentation_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614" 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-20191231.xsd#ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue" xlink:label="loc_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614" xlink:to="lab_ocn_HomeEquityConversionMortgageBackedSecuritiesRelatedBorrowingsAtFairValue_7B14A225714D65A560EF5E8F05448614" xlink:type="arc" />
    <link:label id="lab_ocn_OtherFinancingLiabilities_6C80A331329A07AD17845E8F054457A3_terseLabel_en-US" xlink:label="lab_ocn_OtherFinancingLiabilities_6C80A331329A07AD17845E8F054457A3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other financing liabilities ($972,595 and $1,057,671 carried at fair value) (amounts related to VIEs of $22,002 and $24,815)</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_OtherFinancingLiabilities" xlink:label="loc_ocn_OtherFinancingLiabilities_6C80A331329A07AD17845E8F054457A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherFinancingLiabilities_6C80A331329A07AD17845E8F054457A3" xlink:to="lab_ocn_OtherFinancingLiabilities_6C80A331329A07AD17845E8F054457A3" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BEDC424AE067DD6E734F5E8F0545A462_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BEDC424AE067DD6E734F5E8F0545A462" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Match funded liabilities (related to VIEs)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BEDC424AE067DD6E734F5E8F0545A462" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BEDC424AE067DD6E734F5E8F0545A462" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BEDC424AE067DD6E734F5E8F0545A462" xlink:type="arc" />
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    <link:label id="lab_ocn_OcwenExcessSpreadCollateralizedNotesSeries2019PLS1ClassAMember_5F6B7CBDDDEFB395EB8D683AA96A9E90_terseLabel_en-US" xlink:label="lab_ocn_OcwenExcessSpreadCollateralizedNotesSeries2019PLS1ClassAMember_5F6B7CBDDDEFB395EB8D683AA96A9E90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ocwen Excess Spread-Collateralized Notes, Series 2019-PLS1 Class A</link:label>
    <link:label id="lab_ocn_OcwenExcessSpreadCollateralizedNotesSeries2019PLS1ClassAMember_5F6B7CBDDDEFB395EB8D683AA96A9E90_label_en-US" xlink:label="lab_ocn_OcwenExcessSpreadCollateralizedNotesSeries2019PLS1ClassAMember_5F6B7CBDDDEFB395EB8D683AA96A9E90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ocwen Excess Spread-Collateralized Notes, Series 2019-PLS1 Class A [Member]</link:label>
    <link:label id="lab_ocn_OcwenExcessSpreadCollateralizedNotesSeries2019PLS1ClassAMember_5F6B7CBDDDEFB395EB8D683AA96A9E90_documentation_en-US" xlink:label="lab_ocn_OcwenExcessSpreadCollateralizedNotesSeries2019PLS1ClassAMember_5F6B7CBDDDEFB395EB8D683AA96A9E90" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ocwen Excess Spread-Collateralized Notes, Series 2019-PLS1 Class A [Member]</link:label>
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    <link:label id="lab_ocn_ForwardMortgageLoansMember_2C01713D4DC8B2399D3C683AA96B2809_terseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageLoansMember_2C01713D4DC8B2399D3C683AA96B2809" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Loans</link:label>
    <link:label id="lab_ocn_ForwardMortgageLoansMember_2C01713D4DC8B2399D3C683AA96B2809_label_en-US" xlink:label="lab_ocn_ForwardMortgageLoansMember_2C01713D4DC8B2399D3C683AA96B2809" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Mortgage Loans [Member]</link:label>
    <link:label id="lab_ocn_ForwardMortgageLoansMember_2C01713D4DC8B2399D3C683AA96B2809_documentation_en-US" xlink:label="lab_ocn_ForwardMortgageLoansMember_2C01713D4DC8B2399D3C683AA96B2809" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forward mortgage loans that are originated or purchase from third parties.</link:label>
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    <link:label id="lab_ocn_AveragePeriodtoSecuritization_53D6A1DB4CE18440AFAA683AA96C3CA2_terseLabel_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_53D6A1DB4CE18440AFAA683AA96C3CA2" 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_53D6A1DB4CE18440AFAA683AA96C3CA2_label_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_53D6A1DB4CE18440AFAA683AA96C3CA2" 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_53D6A1DB4CE18440AFAA683AA96C3CA2_documentation_en-US" xlink:label="lab_ocn_AveragePeriodtoSecuritization_53D6A1DB4CE18440AFAA683AA96C3CA2" 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-20191231.xsd#ocn_AveragePeriodtoSecuritization" xlink:label="loc_ocn_AveragePeriodtoSecuritization_53D6A1DB4CE18440AFAA683AA96C3CA2" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_9031FEF052C8E0EABF3C683AA96CF47A_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_9031FEF052C8E0EABF3C683AA96CF47A" 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_9031FEF052C8E0EABF3C683AA96CF47A_label_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_9031FEF052C8E0EABF3C683AA96CF47A" 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_9031FEF052C8E0EABF3C683AA96CF47A_documentation_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromSecuritizationTrustsRelatedToTransfersAccountedForAsSales_9031FEF052C8E0EABF3C683AA96CF47A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of mortgage servicing rights (MSRs) retained in connection with transfer of securitized loans accounted for as sales.</link:label>
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    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_D06F144168827B6FACB2683AA96C17AA_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_D06F144168827B6FACB2683AA96C17AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of transferred residential loans serviced 60 days or more past due</link:label>
    <link:label id="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_D06F144168827B6FACB2683AA96C17AA_label_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_D06F144168827B6FACB2683AA96C17AA" 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_D06F144168827B6FACB2683AA96C17AA_documentation_en-US" xlink:label="lab_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_D06F144168827B6FACB2683AA96C17AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of loan transferred through securitization 60 days or more past due.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue" xlink:label="loc_ocn_PercentageOfLoanTransferredThroughSecuritizationSixtyDaysOrMorePastDue_D06F144168827B6FACB2683AA96C17AA" xlink:type="locator" />
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    <link:label id="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_E8580190FC6AC1CBB32E683AA96C966B_terseLabel_en-US" xlink:label="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_E8580190FC6AC1CBB32E683AA96C966B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days that transferred residential loans serviced were past due</link:label>
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    <link:label id="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_E8580190FC6AC1CBB32E683AA96C966B_documentation_en-US" xlink:label="lab_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_E8580190FC6AC1CBB32E683AA96C966B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of days that transferred residential loans serviced were past due.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue" xlink:label="loc_ocn_NumberOfDaysThatTransferredResidentialLoansServicedWerePastDue_E8580190FC6AC1CBB32E683AA96C966B" xlink:type="locator" />
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    <link:label id="lab_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF_terseLabel_en-US" xlink:label="lab_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pledge advance remittance period</link:label>
    <link:label id="lab_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF_label_en-US" xlink:label="lab_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pledge Advance Remittance Period</link:label>
    <link:label id="lab_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF_documentation_en-US" xlink:label="lab_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pledge Advance Remittance Period</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_PledgeAdvanceRemittancePeriod" xlink:label="loc_ocn_PledgeAdvanceRemittancePeriod_DBC280C62E601393C384683AA96DFCFF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_170C59D71C9DE22A1353683AA96DB3DA_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_170C59D71C9DE22A1353683AA96DB3DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity</link:label>
    <link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_170C59D71C9DE22A1353683AA96DB3DA_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_170C59D71C9DE22A1353683AA96DB3DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_170C59D71C9DE22A1353683AA96DB3DA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Short-term debt</link:label>
    <link:label id="lab_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26_label_en-US" xlink:label="lab_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term Debt</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="loc_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26" xlink:to="lab_us-gaap_ShortTermBorrowings_F8D513444CCAE81C452C683AA96D1D26" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_DD889A4B0FD895F8F9F2683AA96DC5FE_terseLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_DD889A4B0FD895F8F9F2683AA96DC5FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unamortized debt issuance costs</link:label>
    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_DD889A4B0FD895F8F9F2683AA96DC5FE_label_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_DD889A4B0FD895F8F9F2683AA96DC5FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unamortized Debt Issuance Expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_UnamortizedDebtIssuanceExpense" xlink:label="loc_us-gaap_UnamortizedDebtIssuanceExpense_DD889A4B0FD895F8F9F2683AA96DC5FE" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_79DBDD065C3711C798E0683AA96D7DB6_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent_79DBDD065C3711C798E0683AA96D7DB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest payable</link:label>
    <link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_79DBDD065C3711C798E0683AA96D7DB6_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent_79DBDD065C3711C798E0683AA96D7DB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Payable</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_907642EC67C1BCBE89DE683AA96E6BA4_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_907642EC67C1BCBE89DE683AA96E6BA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, face amount</link:label>
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    <link:label id="lab_ocn_MatchingCompensationPerPayPeriod_1B3DA94E3BCC92BEEB317F297BB1778D_documentation_en-US" xlink:label="lab_ocn_MatchingCompensationPerPayPeriod_1B3DA94E3BCC92BEEB317F297BB1778D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the maximum amount of employer&#8217;s matching contribution per pay period on the eligible employee compensation.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_MatchingCompensationPerPayPeriod" xlink:label="loc_ocn_MatchingCompensationPerPayPeriod_1B3DA94E3BCC92BEEB317F297BB1778D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MatchingCompensationPerPayPeriod_1B3DA94E3BCC92BEEB317F297BB1778D" xlink:to="lab_ocn_MatchingCompensationPerPayPeriod_1B3DA94E3BCC92BEEB317F297BB1778D" xlink:type="arc" />
    <link:label id="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC_terseLabel_en-US" xlink:label="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provident fund contribution percentage on portion of employees salary</link:label>
    <link:label id="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC_label_en-US" xlink:label="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provident Fund Contribution Percentage On Portion Of Employees Salary</link:label>
    <link:label id="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC_documentation_en-US" xlink:label="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provident fund contribution percentage on portion of employee's salary.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary" xlink:label="loc_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC" xlink:to="lab_ocn_ProvidentFundContributionPercentageOnPortionOfEmployeesSalary_AEE500398C2A363785447F297BB239EC" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributions to 401(k)</link:label>
    <link:label id="lab_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B_label_en-US" xlink:label="lab_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Contribution Plan, Employer Discretionary Contribution Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:label="loc_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B" xlink:to="lab_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_F8DE18CE148A537C28347F297BB28E6B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net periodic benefit cost</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Net Periodic Benefit Cost (Credit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10" xlink:to="lab_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_631F1686DA537132F8A67F297BB2FA10" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected benefit payments, next twelve months</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_525E367856725D7F770A7F297BB2F3BE" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected benefit payments, year two</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Future Benefit Payment, Year Two</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_40A900910CE64B53372E7F297BB26D38" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected benefit payments, year three</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Future Benefit Payment, Year Three</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_AEC60293750AB36798A37F297BB250BC" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected benefit payments, year four</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Future Benefit Payment, Year Four</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_AAC8B84536D277A9E81B7F297BB3DE83" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected benefit payments, year five</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Future Benefit Payment, Year Five</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_1C666E2271605C6FD5EE7F297BB32844" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Future expected benefit payments, five subsequent years</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter" xlink:label="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7" xlink:to="lab_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_5F3A68AB5B308EB498D97F297BB302C7" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributions to defined benefit pension plans</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Other Cost (Credit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanOtherCosts" xlink:label="loc_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6" xlink:to="lab_us-gaap_DefinedBenefitPlanOtherCosts_2781C29EDA3D7F7AC4EB7F297BB3A3F6" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_E191149BCADA93FAB6C27F297BB35294_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_E191149BCADA93FAB6C27F297BB35294" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of plan assets</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_E191149BCADA93FAB6C27F297BB35294_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_E191149BCADA93FAB6C27F297BB35294" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Plan Assets, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xlink:label="loc_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_E191149BCADA93FAB6C27F297BB35294" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Benefit obligation</link:label>
    <link:label id="lab_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E_label_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plan, Benefit Obligation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitObligation" xlink:label="loc_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E" xlink:to="lab_us-gaap_DefinedBenefitPlanBenefitObligation_BF1099FB26B9270743357F297BB32A4E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DefinedBenefitPlanFundedStatusOfPlan_560D1E46502A0D42F1617F297BB3B8CB_terseLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanFundedStatusOfPlan_560D1E46502A0D42F1617F297BB3B8CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unfunded status recognized in Other liabilities</link:label>
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    <link:label id="lab_ocn_StatedInterestRateOfUnderlyingMortgageLoansMember_E490A408A64D42750BD07F6E1D5CE768_documentation_en-US" xlink:label="lab_ocn_StatedInterestRateOfUnderlyingMortgageLoansMember_E490A408A64D42750BD07F6E1D5CE768" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stated Interest Rate Of Underlying Mortgage Loans [Member]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_StatedInterestRateOfUnderlyingMortgageLoansMember" xlink:label="loc_ocn_StatedInterestRateOfUnderlyingMortgageLoansMember_E490A408A64D42750BD07F6E1D5CE768" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_StatedInterestRateOfUnderlyingMortgageLoansMember_E490A408A64D42750BD07F6E1D5CE768" xlink:to="lab_ocn_StatedInterestRateOfUnderlyingMortgageLoansMember_E490A408A64D42750BD07F6E1D5CE768" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeAxis_0FB7EEBA616C19699BA87F6E1D5C96BA_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis_0FB7EEBA616C19699BA87F6E1D5C96BA" 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_0FB7EEBA616C19699BA87F6E1D5C96BA_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeAxis_0FB7EEBA616C19699BA87F6E1D5C96BA" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="loc_us-gaap_ShortTermDebtTypeAxis_0FB7EEBA616C19699BA87F6E1D5C96BA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeAxis_0FB7EEBA616C19699BA87F6E1D5C96BA" xlink:to="lab_us-gaap_ShortTermDebtTypeAxis_0FB7EEBA616C19699BA87F6E1D5C96BA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShortTermDebtTypeDomain_E78466739FBB396B85137F6E1D5CB87D_terseLabel_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_E78466739FBB396B85137F6E1D5CB87D" 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_E78466739FBB396B85137F6E1D5CB87D_label_en-US" xlink:label="lab_us-gaap_ShortTermDebtTypeDomain_E78466739FBB396B85137F6E1D5CB87D" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="loc_us-gaap_ShortTermDebtTypeDomain_E78466739FBB396B85137F6E1D5CB87D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShortTermDebtTypeDomain_E78466739FBB396B85137F6E1D5CB87D" xlink:to="lab_us-gaap_ShortTermDebtTypeDomain_E78466739FBB396B85137F6E1D5CB87D" xlink:type="arc" />
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2_terseLabel_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Loan Warehouse Facilities</link:label>
    <link:label id="lab_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2_label_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WarehouseAgreementBorrowingsMember" xlink:label="loc_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2" xlink:to="lab_us-gaap_WarehouseAgreementBorrowingsMember_168A5DDEB7C855921EAB7F6E1D5D0DE2" xlink:type="arc" />
    <link:label id="lab_ocn_SeniorSecuredTermLoanMember_6C68FE4EBA1EA42E470D7F6E1D5E9A9F_terseLabel_en-US" xlink:label="lab_ocn_SeniorSecuredTermLoanMember_6C68FE4EBA1EA42E470D7F6E1D5E9A9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SSTL</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_SeniorSecuredTermLoanMember" xlink:label="loc_ocn_SeniorSecuredTermLoanMember_6C68FE4EBA1EA42E470D7F6E1D5E9A9F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SeniorSecuredTermLoanMember_6C68FE4EBA1EA42E470D7F6E1D5E9A9F" xlink:to="lab_ocn_SeniorSecuredTermLoanMember_6C68FE4EBA1EA42E470D7F6E1D5E9A9F" xlink:type="arc" />
    <link:label id="lab_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25_terseLabel_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase Agreement</link:label>
    <link:label id="lab_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25_label_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25" 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_EEA20C785C2708A480E17F6E1D5EAD25_documentation_en-US" xlink:label="lab_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25" 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-20191231.xsd#ocn_RepurchaseAgreementMember" xlink:label="loc_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25" xlink:to="lab_ocn_RepurchaseAgreementMember_EEA20C785C2708A480E17F6E1D5EAD25" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participation Agreement</link:label>
    <link:label id="lab_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1_label_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1" 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_AE50D531EE780DE7E6977F6E1D5FFBF1_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1" 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-20191231.xsd#ocn_ParticipationAgreementMember" xlink:label="loc_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1" xlink:to="lab_ocn_ParticipationAgreementMember_AE50D531EE780DE7E6977F6E1D5FFBF1" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F_terseLabel_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Loan Warehouse/MSR Facilities</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F_label_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F" 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_7768B6B431D033BD7B9E7F6E1D5F671F_documentation_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F" 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-20191231.xsd#ocn_MortgageWarehouseAgreementMember" xlink:label="loc_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F" xlink:to="lab_ocn_MortgageWarehouseAgreementMember_7768B6B431D033BD7B9E7F6E1D5F671F" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E" 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_3BAC34598FC4807A51657F6E1D5F6E6E_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E" 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-20191231.xsd#ocn_MasterRepurchaseAgreementMember" xlink:label="loc_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E" xlink:to="lab_ocn_MasterRepurchaseAgreementMember_3BAC34598FC4807A51657F6E1D5F6E6E" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C" 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_8A67E393E019B6A4895A7F6E1D5F106C_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C" 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-20191231.xsd#ocn_MasterRepurchaseAgreementTwoMember" xlink:label="loc_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C" xlink:to="lab_ocn_MasterRepurchaseAgreementTwoMember_8A67E393E019B6A4895A7F6E1D5F106C" xlink:type="arc" />
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012_terseLabel_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012_label_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Three [Member]</link:label>
    <link:label id="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012_documentation_en-US" xlink:label="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Master Repurchase Agreement Three [Member]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_MasterRepurchaseAgreementThreeMember" xlink:label="loc_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012" xlink:to="lab_ocn_MasterRepurchaseAgreementThreeMember_8072A713310422EFA5C77F6E1D5FE012" xlink:type="arc" />
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49_terseLabel_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participation Agreement Two</link:label>
    <link:label id="lab_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49_label_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49" 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_AE3D8F20AA6E3D2384B27F6E1D5F8E49_documentation_en-US" xlink:label="lab_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Participation agreement two.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ParticipationAgreementTwoMember" xlink:label="loc_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49" xlink:to="lab_ocn_ParticipationAgreementTwoMember_AE3D8F20AA6E3D2384B27F6E1D5F8E49" xlink:type="arc" />
    <link:label id="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205_terseLabel_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement Two</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205_label_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement Two [Member]</link:label>
    <link:label id="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205_documentation_en-US" xlink:label="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mortgage Warehouse Agreement Two [Member]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_MortgageWarehouseAgreementTwoMember" xlink:label="loc_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205" xlink:to="lab_ocn_MortgageWarehouseAgreementTwoMember_83DFB585E6CEE27A4ACF7F6E1D603205" xlink:type="arc" />
    <link:label id="lab_ocn_GinnieMaeMortgageServicingRightsFinancingFacilityMember_07CF1C9A007D854331B07F6E1D60B5F4_terseLabel_en-US" xlink:label="lab_ocn_GinnieMaeMortgageServicingRightsFinancingFacilityMember_07CF1C9A007D854331B07F6E1D60B5F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ginnie Mae Mortgage Servicing Rights Financing Facility</link:label>
    <link:label id="lab_ocn_GinnieMaeMortgageServicingRightsFinancingFacilityMember_07CF1C9A007D854331B07F6E1D60B5F4_label_en-US" xlink:label="lab_ocn_GinnieMaeMortgageServicingRightsFinancingFacilityMember_07CF1C9A007D854331B07F6E1D60B5F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ginnie Mae Mortgage Servicing Rights Financing Facility [Member]</link:label>
    <link:label id="lab_ocn_GinnieMaeMortgageServicingRightsFinancingFacilityMember_07CF1C9A007D854331B07F6E1D60B5F4_documentation_en-US" xlink:label="lab_ocn_GinnieMaeMortgageServicingRightsFinancingFacilityMember_07CF1C9A007D854331B07F6E1D60B5F4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ginnie Mae Mortgage Servicing Rights Financing Facility [Member]</link:label>
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    <link:label id="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_6443E32F0EC0814DF59F7F6E1D62886D_terseLabel_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_6443E32F0EC0814DF59F7F6E1D62886D" 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_6443E32F0EC0814DF59F7F6E1D62886D_label_en-US" xlink:label="lab_ocn_LineofCreditFacilityAgreementTermPotentialBenefitInterestPercentageByLender_6443E32F0EC0814DF59F7F6E1D62886D" 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>
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    <link:label id="lab_ocn_DebtInstrumentBasisPointsOnBenchmark_D8B03F423DAEBB6C01737F6E1D628718_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentBasisPointsOnBenchmark_D8B03F423DAEBB6C01737F6E1D628718" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt basis points of benchmark (percentage)</link:label>
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    <link:label id="lab_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">IRLCs</link:label>
    <link:label id="lab_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4_label_en-US" xlink:label="lab_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Lock Commitments [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateLockCommitmentsMember" xlink:label="loc_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4" xlink:to="lab_us-gaap_InterestRateLockCommitmentsMember_8058D1E1DAC376DE15FE10AD121797A4" xlink:type="arc" />
    <link:label id="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B_terseLabel_en-US" xlink:label="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TBA / Forward MBS Trades</link:label>
    <link:label id="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B_label_en-US" xlink:label="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TBA/Forward Mortgage Backed Securities Trades [Member]</link:label>
    <link:label id="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B_documentation_en-US" xlink:label="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">TBA/Forward Mortgage Backed Securities Trades [Member]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TBAForwardMortgageBackedSecuritiesTradesMember" xlink:label="loc_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B" xlink:to="lab_ocn_TBAForwardMortgageBackedSecuritiesTradesMember_D1085568BC2F14C53E821138A111847B" xlink:type="arc" />
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2_terseLabel_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward Trades</link:label>
    <link:label id="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2_label_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2" 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_31F8A6968EAC34E0497C10AD121835C2_documentation_en-US" xlink:label="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents a forward mortgage backed securities trades.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ForwardMortgageBackedSecuritiesTradesMember" xlink:label="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2" xlink:to="lab_ocn_ForwardMortgageBackedSecuritiesTradesMember_31F8A6968EAC34E0497C10AD121835C2" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Caps</link:label>
    <link:label id="lab_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150_label_en-US" xlink:label="lab_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cap [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateCapMember" xlink:label="loc_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150" xlink:to="lab_us-gaap_InterestRateCapMember_F887390215C05C305B2F10AD1218D150" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</link:label>
    <link:label id="lab_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F_label_en-US" xlink:label="lab_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="loc_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F" xlink:to="lab_us-gaap_DerivativeLineItems_F140399ED9CC989A1F7510AD1218097F" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notional balance at December 31, 2019</link:label>
    <link:label id="lab_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142_label_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative, Notional Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNotionalAmount" xlink:label="loc_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142" xlink:to="lab_us-gaap_DerivativeNotionalAmount_5AA612E659558C20C7911135F3C8F142" xlink:type="arc" />
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689_terseLabel_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of derivative assets (liabilities) at:</link:label>
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689_label_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivative assets (liabilities) at: [Abstract]</link:label>
    <link:label id="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689_documentation_en-US" xlink:label="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689" 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-20191231.xsd#ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract" xlink:label="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689" xlink:to="lab_ocn_FairValueOfDerivativeAssetsLiabilitiesAtAbstract_D929C1948C9B0AB5411E10AD121A6689" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_9D7086E39808804E614B1138A7CB71DB_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_9D7086E39808804E614B1138A7CB71DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (loss) on derivatives, net</link:label>
    <link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_9D7086E39808804E614B1138A7CB71DB_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_9D7086E39808804E614B1138A7CB71DB" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_9D7086E39808804E614B1138A7CB71DB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event [Table]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5_label_en-US" xlink:label="lab_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Table]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventTable" xlink:label="loc_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5" xlink:to="lab_us-gaap_SubsequentEventTable_A81485A9D0797834BDC5828F9330E0A5" xlink:type="arc" />
    <link:label id="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7_terseLabel_en-US" xlink:label="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loan Servicing And Subservicing Fees</link:label>
    <link:label id="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7_label_en-US" xlink:label="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Servicing And Subservicing Fees [Member]</link:label>
    <link:label id="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7_documentation_en-US" xlink:label="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7" 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-20191231.xsd#ocn_LoanServicingAndSubservicingFeesMember" xlink:label="loc_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7" xlink:to="lab_ocn_LoanServicingAndSubservicingFeesMember_758B69D870251D316E79828F9332EEF7" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
    <link:label id="lab_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569_label_en-US" xlink:label="lab_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Total [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsTotalMember" xlink:label="loc_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569" xlink:to="lab_us-gaap_AssetsTotalMember_C500ADCF1FE7D498B143828F9333B569" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPeriodOneMember_6161DBD8223330BAC302828F933911D7_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPeriodOneMember_6161DBD8223330BAC302828F933911D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Until January 27, 2021</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodOneMember" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPeriodOneMember_6161DBD8223330BAC302828F933911D7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtInstrumentRedemptionPeriodTwoMember_5BA9326829AFBADA623A828F93397CF4_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentRedemptionPeriodTwoMember_5BA9326829AFBADA623A828F93397CF4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subsequent to January 27, 2021</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentRedemptionPeriodTwoMember" xlink:label="loc_us-gaap_DebtInstrumentRedemptionPeriodTwoMember_5BA9326829AFBADA623A828F93397CF4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1_terseLabel_en-US" xlink:label="lab_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsequent Event [Line Items]</link:label>
    <link:label id="lab_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1_label_en-US" xlink:label="lab_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SubsequentEventLineItems" xlink:label="loc_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1" xlink:to="lab_us-gaap_SubsequentEventLineItems_6AE67BBEE1F2E96BC60D828F933EB4E1" xlink:type="arc" />
    <link:label id="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BADDB83A1B10E332F87D828F933FF41E_netLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_BADDB83A1B10E332F87D828F933FF41E" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Basis spread on variable rate (percentage)</link:label>
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    <link:label id="lab_ocn_FairValueElectionForAssetsPreviouslyUsingAmortizationMethodMember_D6EC8936C9105525D40668680C137BA1_terseLabel_en-US" xlink:label="lab_ocn_FairValueElectionForAssetsPreviouslyUsingAmortizationMethodMember_D6EC8936C9105525D40668680C137BA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Election For Assets Previously Using Amortization Method</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0B856367F88DECEA3D05683AAA1506BC_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_0B856367F88DECEA3D05683AAA1506BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash flows from operating activities</link:label>
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    <link:label id="lab_us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss_A15CE61C71BE1C4494C7683AAA18CA27_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_TradingSecuritiesUnrealizedHoldingGainLoss_A15CE61C71BE1C4494C7683AAA18CA27" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">(Gain) loss on trading securities</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_DC997EB3E9B493EC6899683AAA1A701D_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_DC997EB3E9B493EC6899683AAA1A701D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Liabilities</link:label>
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    <link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_2AAA0CA11AA60CEE66FA683AAA1A66FE_label_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_2AAA0CA11AA60CEE66FA683AAA1A66FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Operating Activities, Cash Flow Statement</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_6B4E0959ED2DC6BBE5D0683AAA1A17E3_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_6B4E0959ED2DC6BBE5D0683AAA1A17E3" 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_6B4E0959ED2DC6BBE5D0683AAA1A17E3_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_6B4E0959ED2DC6BBE5D0683AAA1A17E3" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_6B4E0959ED2DC6BBE5D0683AAA1A17E3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_6B4E0959ED2DC6BBE5D0683AAA1A17E3" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_6B4E0959ED2DC6BBE5D0683AAA1A17E3" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_C82ECBECCD1EE4B17F9A683AAA1A2B72_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_C82ECBECCD1EE4B17F9A683AAA1A2B72" 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_C82ECBECCD1EE4B17F9A683AAA1A2B72_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_C82ECBECCD1EE4B17F9A683AAA1A2B72" 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_C0BB46B6FA97258542FD683AAA1AEC58_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireLoansHeldForInvestment_C0BB46B6FA97258542FD683AAA1AEC58" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireLoansHeldForInvestment" xlink:label="loc_us-gaap_PaymentsToAcquireLoansHeldForInvestment_C0BB46B6FA97258542FD683AAA1AEC58" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_AC68F2BD131E40ED0A79683AAA1BAF35_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_AC68F2BD131E40ED0A79683AAA1BAF35" 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:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment" xlink:label="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_AC68F2BD131E40ED0A79683AAA1BAF35" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_AC68F2BD131E40ED0A79683AAA1BAF35" xlink:to="lab_us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment_AC68F2BD131E40ED0A79683AAA1BAF35" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness_45D4EAF478D531503B3C683AAA1BD6BF_terseLabel_en-US" xlink:label="lab_us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness_45D4EAF478D531503B3C683AAA1BD6BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash acquired in the acquisition of PHH</link:label>
    <link:label id="lab_us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness_45D4EAF478D531503B3C683AAA1BD6BF_label_en-US" xlink:label="lab_us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness_45D4EAF478D531503B3C683AAA1BD6BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Acquired in Excess of Payments to Acquire Business</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness" xlink:label="loc_us-gaap_CashAcquiredInExcessOfPaymentsToAcquireBusiness_45D4EAF478D531503B3C683AAA1BD6BF" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DecreaseInRestrictedCash_A06D4B3F2D099E1E4FB0683AAA1BD7EC_terseLabel_en-US" xlink:label="lab_us-gaap_DecreaseInRestrictedCash_A06D4B3F2D099E1E4FB0683AAA1BD7EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash acquired in the acquisition of PHH</link:label>
    <link:label id="lab_us-gaap_DecreaseInRestrictedCash_A06D4B3F2D099E1E4FB0683AAA1BD7EC_label_en-US" xlink:label="lab_us-gaap_DecreaseInRestrictedCash_A06D4B3F2D099E1E4FB0683AAA1BD7EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease in Restricted Cash</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_3A454E39C393A9DA8EFF683AAA1BFFC6_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_3A454E39C393A9DA8EFF683AAA1BFFC6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchase of MSRs</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_3A454E39C393A9DA8EFF683AAA1BFFC6_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_3A454E39C393A9DA8EFF683AAA1BFFC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Mortgage Servicing Rights (MSR)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireMortgageServicingRightsMSR" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageServicingRightsMSR_3A454E39C393A9DA8EFF683AAA1BFFC6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_2F5718A05D738D966621683AAA1CFEAC_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfShortTermInvestments_2F5718A05D738D966621683AAA1CFEAC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of advances and match funded advances</link:label>
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    <link:label id="lab_us-gaap_PaymentsToAcquireNotesReceivable_5681CD708798327F1553683AAA1C5216_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireNotesReceivable_5681CD708798327F1553683AAA1C5216" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Issuance of automotive dealer financing notes</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_C5F2DA312BEFC95DD0CD683AAA1CE885_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfNotesReceivable_C5F2DA312BEFC95DD0CD683AAA1CE885" 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_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_C7750485B0C00A7815F0683AAA1C8388_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans_C7750485B0C00A7815F0683AAA1C8388" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of real estate</link:label>
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    <link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_11C979A9EA17D62953E1683AAA1DC5B7_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_11C979A9EA17D62953E1683AAA1DC5B7" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
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    <link:label id="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0955132BF586E6A08B27683AAA1DD620_negatedLabel_en-US" xlink:label="lab_ocn_RepaymentOfProceedsFromTransfersAccountedForAsSecuredBorrowingsAssociatedLiabilities_0955132BF586E6A08B27683AAA1DD620" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of match funded liabilities, net</link:label>
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    <link:label id="lab_us-gaap_ProceedsFromLinesOfCredit_B494A451D0D9078B3142683AAA1D508E_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_B494A451D0D9078B3142683AAA1D508E" 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_B494A451D0D9078B3142683AAA1D508E_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLinesOfCredit_B494A451D0D9078B3142683AAA1D508E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Lines of Credit</link:label>
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    <link:label id="lab_us-gaap_RepaymentsOfLinesOfCredit_3738DFAA47CFF08AE58D683AAA1D55FD_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfLinesOfCredit_3738DFAA47CFF08AE58D683AAA1D55FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of Lines of Credit</link:label>
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    <link:label id="lab_us-gaap_TransferToInvestments_004E2DE3BC6392E40554683AAA215DD4_terseLabel_en-US" xlink:label="lab_us-gaap_TransferToInvestments_004E2DE3BC6392E40554683AAA215DD4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment</link:label>
    <link:label id="lab_us-gaap_TransferToInvestments_004E2DE3BC6392E40554683AAA215DD4_label_en-US" xlink:label="lab_us-gaap_TransferToInvestments_004E2DE3BC6392E40554683AAA215DD4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer to Investments</link:label>
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    <link:label id="lab_us-gaap_LoansAssumed1_3368D57B1716A7D7EEE6683AAA2184D8_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAssumed1_3368D57B1716A7D7EEE6683AAA2184D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other financing liabilities</link:label>
    <link:label id="lab_us-gaap_LoansAssumed1_3368D57B1716A7D7EEE6683AAA2184D8_label_en-US" xlink:label="lab_us-gaap_LoansAssumed1_3368D57B1716A7D7EEE6683AAA2184D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Assumed</link:label>
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    <link:label id="lab_us-gaap_TransferOfInvestments_39690187A9F8400238F1683AAA227C9A_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfInvestments_39690187A9F8400238F1683AAA227C9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers from loans held for investment to loans held for sale</link:label>
    <link:label id="lab_us-gaap_TransferOfInvestments_39690187A9F8400238F1683AAA227C9A_label_en-US" xlink:label="lab_us-gaap_TransferOfInvestments_39690187A9F8400238F1683AAA227C9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer from Investments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransferOfInvestments" xlink:label="loc_us-gaap_TransferOfInvestments_39690187A9F8400238F1683AAA227C9A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_TransferToOtherRealEstate_1235C72E31A7152FACD4683AAA2249D6_terseLabel_en-US" xlink:label="lab_us-gaap_TransferToOtherRealEstate_1235C72E31A7152FACD4683AAA2249D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers of loans held for sale to real estate owned (REO)</link:label>
    <link:label id="lab_us-gaap_TransferToOtherRealEstate_1235C72E31A7152FACD4683AAA2249D6_label_en-US" xlink:label="lab_us-gaap_TransferToOtherRealEstate_1235C72E31A7152FACD4683AAA2249D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Owned, Transfer to Real Estate Owned</link:label>
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    <link:label id="lab_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issuance of common stock in connection with litigation settlement</link:label>
    <link:label id="lab_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B_label_en-US" xlink:label="lab_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssued1" xlink:label="loc_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B" xlink:to="lab_us-gaap_StockIssued1_5078F9B2E09CAB039450683AAA22461B" xlink:type="arc" />
    <link:label id="lab_us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification_7B80B2BF3B1F56C4608568667A926764_netLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification_7B80B2BF3B1F56C4608568667A926764" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Cumulative effect adjustment for election of fair value for MSRs previously accounted for using the amortization method</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification" xlink:label="loc_us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification_7B80B2BF3B1F56C4608568667A926764" xlink:type="locator" />
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    <link:label id="lab_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB_terseLabel_en-US" xlink:label="lab_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lease liability</link:label>
    <link:label id="lab_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB_label_en-US" xlink:label="lab_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recognition of Lease Liability</link:label>
    <link:label id="lab_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB_documentation_en-US" xlink:label="lab_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Recognition of lease liability.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_RecognitionofLeaseLiability" xlink:label="loc_ocn_RecognitionofLeaseLiability_58B68E8D1640749142E4683AAA22CBEB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AdditionalCashFlowElementsAndSupplementalCashFlowInformationAbstract_345488FA91094E5F9AA7683AAA225DEA_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalCashFlowElementsAndSupplementalCashFlowInformationAbstract_345488FA91094E5F9AA7683AAA225DEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental business acquisition information</link:label>
    <link:label id="lab_us-gaap_AdditionalCashFlowElementsAndSupplementalCashFlowInformationAbstract_345488FA91094E5F9AA7683AAA225DEA_label_en-US" xlink:label="lab_us-gaap_AdditionalCashFlowElementsAndSupplementalCashFlowInformationAbstract_345488FA91094E5F9AA7683AAA225DEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalCashFlowElementsAndSupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_AdditionalCashFlowElementsAndSupplementalCashFlowInformationAbstract_345488FA91094E5F9AA7683AAA225DEA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of assets acquired</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Value of Assets Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1_F3389987E6FA377B4013683AAA220B96" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of liabilities assumed</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Value of Liabilities Assumed</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1_A6F152D2BB5E5C6D49D8683AAA239E9B" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_174AF7551D6E0DDCA278683AAA23CE70_terseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_174AF7551D6E0DDCA278683AAA23CE70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total identifiable net assets acquired</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1_174AF7551D6E0DDCA278683AAA23CE70" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationConsiderationTransferred1_07D47412596A6388075B683AAA23CC9F_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationConsiderationTransferred1_07D47412596A6388075B683AAA23CC9F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total consideration</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_07D47412596A6388075B683AAA23CC9F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherPaymentsToAcquireBusinesses_2B6F483A833A5EB2D8E2683AAA232D74_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherPaymentsToAcquireBusinesses_2B6F483A833A5EB2D8E2683AAA232D74" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Cash consideration paid by PHH</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_435E18FD8E6BB0E0F2AF7F297B83940B_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_435E18FD8E6BB0E0F2AF7F297B83940B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Stock options granted, exercise price (in dollars per share)</link:label>
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    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_AA59B652B6C174C67C227F297B830CFF_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_AA59B652B6C174C67C227F297B830CFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options granted, fair value (in dollars per share)</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_6728F718115D00896BCB7F297B835E72_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_6728F718115D00896BCB7F297B835E72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options which expired unexercised</link:label>
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    <link:label id="lab_ocn_NumberOfMarketBasedOptionsNotMeetingPerformanceCriteria_2A4004EA528F1E0C6A007F297B835D1D_terseLabel_en-US" xlink:label="lab_ocn_NumberOfMarketBasedOptionsNotMeetingPerformanceCriteria_2A4004EA528F1E0C6A007F297B835D1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market-based options that have not met performance criteria (in shares)</link:label>
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    <link:label id="lab_ocn_AverageCommonStockTradingPriceToDetermineMarketConditionForOptionsExercise_FC76D4ED7B5D1C16A4B37F297B834398_terseLabel_en-US" xlink:label="lab_ocn_AverageCommonStockTradingPriceToDetermineMarketConditionForOptionsExercise_FC76D4ED7B5D1C16A4B37F297B834398" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average common stock trading price to determine market condition for options exercise</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2883190B73C624B7E8B87F297B841AAE_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_2883190B73C624B7E8B87F297B841AAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net aggregate intrinsic value of stock options outstanding</link:label>
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    <link:label id="lab_ocn_NumberOfMarketBasedOptionsOutstanding_33F56CC50ED3BA425D777F297B84567E_terseLabel_en-US" xlink:label="lab_ocn_NumberOfMarketBasedOptionsOutstanding_33F56CC50ED3BA425D777F297B84567E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Market-based options outstanding (in shares)</link:label>
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    <link:label id="lab_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_BEA279864BA545CBDE425E8A708D1CF1_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_BEA279864BA545CBDE425E8A708D1CF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income, Other, Net of Tax</link:label>
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    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_A37FE720626DD0DC1C9E5E8A708DDB4D_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_A37FE720626DD0DC1C9E5E8A708DDB4D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive loss</link:label>
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    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_2E9C02D65C659447597A5E8A708E88A7_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_2E9C02D65C659447597A5E8A708E88A7" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive loss attributable to Ocwen stockholders</link:label>
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    <link:label id="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_F6DF62C9F1E3B4FE14517F6E1E08984F_verboseLabel_en-US" xlink:label="lab_ocn_ProceedsFromSaleOfMortgageServicingRightsAccountedForAsFinancing_F6DF62C9F1E3B4FE14517F6E1E08984F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sale of mortgage servicing rights accounted for as financing</link:label>
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    <link:label id="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_48946B92689F6AF429407F6E1E0833BF_terseLabel_en-US" xlink:label="lab_ocn_TermOfExtendedSubservicingAgreementFollowingInitialTerm_48946B92689F6AF429407F6E1E0833BF" 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>
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    <link:label id="lab_ocn_SubservicingAgreementTermsRequiredNoticeOfNonRenewalPeriodMonths_E14A7443F08F55E648417F8DE5CB1215_terseLabel_en-US" xlink:label="lab_ocn_SubservicingAgreementTermsRequiredNoticeOfNonRenewalPeriodMonths_E14A7443F08F55E648417F8DE5CB1215" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Months notice required of PMC for non-renewal of subservicing agreement</link:label>
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    <link:label id="lab_us-gaap_EmployeeSeveranceMember_E6DFD22927D0CA4AAE2B784FD956248F_terseLabel_en-US" xlink:label="lab_us-gaap_EmployeeSeveranceMember_E6DFD22927D0CA4AAE2B784FD956248F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee Severance</link:label>
    <link:label id="lab_us-gaap_EmployeeSeveranceMember_E6DFD22927D0CA4AAE2B784FD956248F_label_en-US" xlink:label="lab_us-gaap_EmployeeSeveranceMember_E6DFD22927D0CA4AAE2B784FD956248F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee Severance [Member]</link:label>
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    <link:label id="lab_ocn_GinnieMaeLoansMember_CC3ACDDA4266FC7FFA430C529545F68B_terseLabel_en-US" xlink:label="lab_ocn_GinnieMaeLoansMember_CC3ACDDA4266FC7FFA430C529545F68B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ginnie Mae</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale" xlink:label="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_D159F0970F51E43724B90C529563420B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_D159F0970F51E43724B90C529563420B" xlink:to="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_D159F0970F51E43724B90C529563420B" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Principal collections</link:label>
    <link:label id="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A_label_en-US" xlink:label="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Loan and Lease Originations and Principal Collections</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1" xlink:label="loc_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A" xlink:to="lab_us-gaap_ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1_EC20F8D4C44E3B8F5DBE0C5295631A9A" xlink:type="arc" />
    <link:label id="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520_terseLabel_en-US" xlink:label="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired in connection with the acquisition of PHH</link:label>
    <link:label id="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520_label_en-US" xlink:label="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions To Mortgage Loans Held For Sale In Connection With Acquisition</link:label>
    <link:label id="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520_documentation_en-US" xlink:label="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of additions to mortgage loans held for sale in connection with acquisitions.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition" xlink:label="loc_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520" xlink:to="lab_ocn_AdditionsToMortgageLoansHeldForSaleInConnectionWithAcquisition_44685FA4B663E408D6FE0C5295634520" xlink:type="arc" />
    <link:label id="lab_us-gaap_TransferOfInvestments_A2544C6541D4F9D52CBE0C5295632765_verboseLabel_en-US" xlink:label="lab_us-gaap_TransferOfInvestments_A2544C6541D4F9D52CBE0C5295632765" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment, at fair value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransferOfInvestments" xlink:label="loc_us-gaap_TransferOfInvestments_A2544C6541D4F9D52CBE0C5295632765" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransferOfInvestments_A2544C6541D4F9D52CBE0C5295632765" xlink:to="lab_us-gaap_TransferOfInvestments_A2544C6541D4F9D52CBE0C5295632765" xlink:type="arc" />
    <link:label id="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988_negatedLabel_en-US" xlink:label="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Receivables</link:label>
    <link:label id="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988_label_en-US" xlink:label="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer To Receivables</link:label>
    <link:label id="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988_documentation_en-US" xlink:label="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Value transferred from mortgage loans to receivables in noncash transactions.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TransferToReceivables" xlink:label="loc_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988" xlink:to="lab_ocn_TransferToReceivables_5927302769A593EDD59B0C5295646988" xlink:type="arc" />
    <link:label id="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E_negatedTerseLabel_en-US" xlink:label="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Real estate owned (Other assets)</link:label>
    <link:label id="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E_label_en-US" xlink:label="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer To Real Estate Owned</link:label>
    <link:label id="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E_documentation_en-US" xlink:label="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Value transferred from mortgage loans to real estate owned in noncash transactions.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TransferToRealEstateOwned" xlink:label="loc_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E" xlink:to="lab_ocn_TransferToRealEstateOwned_711C02167D5764B032400C5295640E9E" xlink:type="arc" />
    <link:label id="lab_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31_terseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of loans</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Mortgage Loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GainLossOnSaleOfMortgageLoans" xlink:label="loc_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31" xlink:to="lab_us-gaap_GainLossOnSaleOfMortgageLoans_089920A80345FC2254C70C529564BE31" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">(Decrease) increase in fair value of loans</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Loans Held-for-sale</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInLoansHeldForSale" xlink:label="loc_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B" xlink:to="lab_us-gaap_IncreaseDecreaseInLoansHeldForSale_2F60A8E4A03DACF5DBE50C5295646D5B" xlink:type="arc" />
    <link:label id="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26_terseLabel_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26" 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_E5CBE6F17D181456DEAB0C529564AE26_label_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26" 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_E5CBE6F17D181456DEAB0C529564AE26_documentation_en-US" xlink:label="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount of addition or reductions in principal on mortgage loans held for sale other than foreclosures, costs of mortgages sold, and amortization of premium during the reporting period.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_OtherAdjustmentMortgageLoansHeldForSale" xlink:label="loc_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26" xlink:to="lab_ocn_OtherAdjustmentMortgageLoansHeldForSale_E5CBE6F17D181456DEAB0C529564AE26" xlink:type="arc" />
    <link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8EC2176EA5D5F5FB24340C529564BB9D_periodEndLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8EC2176EA5D5F5FB24340C529564BB9D" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_8EC2176EA5D5F5FB24340C529564BB9D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_8EC2176EA5D5F5FB24340C529564BB9D" xlink:to="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_8EC2176EA5D5F5FB24340C529564BB9D" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0_terseLabel_en-US" xlink:label="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Activity Related to HMBS Repurchases</link:label>
    <link:label id="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0_label_en-US" xlink:label="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Activity Related to HMBS Repurchases [Table Text Block]</link:label>
    <link:label id="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0_documentation_en-US" xlink:label="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of activity related to HMBS repurchases.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock" xlink:label="loc_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0" xlink:to="lab_ocn_ScheduleofActivityRelatedtoHMBSRepurchasesTableTextBlock_5FA250AB6B4A530A39661154C16BEDE0" xlink:type="arc" />
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A_terseLabel_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Future Minimum Rental Commitments under Non-cancelable Operating Leases</link:label>
    <link:label id="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A_label_en-US" xlink:label="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Operating Lease, Liability, Maturity [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A" xlink:to="lab_us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock_B7F6C84DCF968FE2647C12928602C88A" xlink:type="arc" />
    <link:label id="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A_terseLabel_en-US" xlink:label="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale and Transfers of Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A_label_en-US" xlink:label="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale And Transfers Of Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A_documentation_en-US" xlink:label="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale and transfers of mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_SaleAndTransfersOfMortgageServicingRightsMember" xlink:label="loc_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A" xlink:to="lab_ocn_SaleAndTransfersOfMortgageServicingRightsMember_E8FB95A14B17022299DE7F928EBBAC7A" xlink:type="arc" />
    <link:label id="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C_terseLabel_en-US" xlink:label="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance Funding, Subservicing Fees and Reimbursable Expenses</link:label>
    <link:label id="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C_label_en-US" xlink:label="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advance Funding, Subservicing Fees And Reimbursable Expenses [Member]</link:label>
    <link:label id="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C_documentation_en-US" xlink:label="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advance funding, subservicing fees and reimbursable expenses.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember" xlink:label="loc_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C" xlink:to="lab_ocn_AdvanceFundingSubservicingFeesAndReimbursableExpensesMember_F5E0BC71CAD7C04B9BDB7F928EBBB03C" xlink:type="arc" />
    <link:label id="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC_terseLabel_en-US" xlink:label="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sales and transfers of MSRs</link:label>
    <link:label id="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC_label_en-US" xlink:label="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counter Party Receivables</link:label>
    <link:label id="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC_documentation_en-US" xlink:label="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Counter party receivables.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_CounterPartyReceivables" xlink:label="loc_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC" xlink:to="lab_ocn_CounterPartyReceivables_D556DFB09BD778BBC4A37F928EBEDBCC" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to NRZ</link:label>
    <link:label id="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6_label_en-US" xlink:label="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Payable, Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableOtherCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6" xlink:to="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_2B50418C4D270DD942907F928EBE69F6" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413_totalLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing fees collected on behalf of NRZ</link:label>
    <link:label id="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413_label_en-US" xlink:label="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Collection of Loans Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromCollectionOfLoansReceivable" xlink:label="loc_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413" xlink:to="lab_us-gaap_ProceedsFromCollectionOfLoansReceivable_B933FE26BA6C6AAD9E247F928EBF2413" xlink:type="arc" />
    <link:label id="lab_ocn_BankServicingFeesRetained_4BDA4D0A8E605CE6C72B7F928EBF624A_terseLabel_en-US" xlink:label="lab_ocn_BankServicingFeesRetained_4BDA4D0A8E605CE6C72B7F928EBF624A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Subservicing fee retained</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_BankServicingFeesRetained" xlink:label="loc_ocn_BankServicingFeesRetained_4BDA4D0A8E605CE6C72B7F928EBF624A" xlink:type="locator" />
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    <link:label id="lab_ocn_LossOnValuationOfFinancingLiability_C782C46A7DEED4F9ABF07F928EBF10A9_negatedLabel_en-US" xlink:label="lab_ocn_LossOnValuationOfFinancingLiability_C782C46A7DEED4F9ABF07F928EBF10A9" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Changes in fair value</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LossOnValuationOfFinancingLiability" xlink:label="loc_ocn_LossOnValuationOfFinancingLiability_C782C46A7DEED4F9ABF07F928EBF10A9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LossOnValuationOfFinancingLiability_C782C46A7DEED4F9ABF07F928EBF10A9" xlink:to="lab_ocn_LossOnValuationOfFinancingLiability_C782C46A7DEED4F9ABF07F928EBF10A9" xlink:type="arc" />
    <link:label id="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA_terseLabel_en-US" xlink:label="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Runoff, settlement and other</link:label>
    <link:label id="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA_label_en-US" xlink:label="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reduction in Financing Liability and Interest Expense</link:label>
    <link:label id="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA_documentation_en-US" xlink:label="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reduction in financing liability and interest expense.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ReductioninFinancingLiabilityandInterestExpense" xlink:label="loc_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA" xlink:to="lab_ocn_ReductioninFinancingLiabilityandInterestExpense_327BF6361EAC2107C2397F928EBF72DA" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestIncomeOther_44D814C177AB20BF3DB77F928EBFECC3_netLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOther_44D814C177AB20BF3DB77F928EBFECC3" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_44D814C177AB20BF3DB77F928EBFECC3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InterestExpenseOther_6C24016CA59AC6FCBE577F928EBFF541_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseOther_6C24016CA59AC6FCBE577F928EBFF541" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="loc_us-gaap_InterestExpenseOther_6C24016CA59AC6FCBE577F928EBFF541" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpenseOther_6C24016CA59AC6FCBE577F928EBFF541" xlink:to="lab_us-gaap_InterestExpenseOther_6C24016CA59AC6FCBE577F928EBFF541" xlink:type="arc" />
    <link:label id="lab_us-gaap_FinancingInterestExpense_0539723BC29AD13676277F928EC0F011_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingInterestExpense_0539723BC29AD13676277F928EC0F011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pledged MSR liability expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingInterestExpense" xlink:label="loc_us-gaap_FinancingInterestExpense_0539723BC29AD13676277F928EC0F011" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingInterestExpense_0539723BC29AD13676277F928EC0F011" xlink:to="lab_us-gaap_FinancingInterestExpense_0539723BC29AD13676277F928EC0F011" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420_periodStartLabel_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance</link:label>
    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420_label_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Receivable, Allowance for Credit Loss, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForNotesAndLoansReceivableCurrent" xlink:label="loc_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420" xlink:to="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_2799B9DA82C40898C35821663D3A2420" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision</link:label>
    <link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Loan and Lease Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="loc_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6" xlink:to="lab_us-gaap_ProvisionForLoanAndLeaseLosses_618BFC7389D26CE6796821663D3A5CD6" xlink:type="arc" />
    <link:label id="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB_terseLabel_en-US" xlink:label="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfer from Liability for indemnification obligations (Other liabilities)</link:label>
    <link:label id="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB_label_en-US" xlink:label="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer From Liability For Indemnification Obligation</link:label>
    <link:label id="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB_documentation_en-US" xlink:label="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase in valuation allowance arising due to transfer from liabilities for indemnification obligation.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TransferFromLiabilityForIndemnificationObligation" xlink:label="loc_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB" xlink:to="lab_ocn_TransferFromLiabilityForIndemnificationObligation_ACC8E9B75F2839091C9D21663D3A1DEB" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Sales of loans</link:label>
    <link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF_label_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Loan and Lease Losses, Loans Sold</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesLoansSold" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesLoansSold_6B52EDCF9BAFC058572D21663D3A51DF" xlink:type="arc" />
    <link:label id="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Loan, Lease, and Other Losses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForLoanLeaseAndOtherLosses" xlink:label="loc_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881" xlink:to="lab_us-gaap_ProvisionForLoanLeaseAndOtherLosses_304A183EF575F54535A921663D3A9881" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_6B83EDF9A8060C0E63C321663D3A3CFA_periodEndLabel_en-US" xlink:label="lab_us-gaap_AllowanceForNotesAndLoansReceivableCurrent_6B83EDF9A8060C0E63C321663D3A3CFA" 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_ocn_GainLossOnInterestRateDerivativeInstruments_EDC46AB52FCD5F4DE82D0C5295354885_terseLabel_en-US" xlink:label="lab_ocn_GainLossOnInterestRateDerivativeInstruments_EDC46AB52FCD5F4DE82D0C5295354885" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of IRLCs</link:label>
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    <link:label id="lab_us-gaap_OtherAssets_798088600EA622D2D558683AA7937C89_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_798088600EA622D2D558683AA7937C89" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_798088600EA622D2D558683AA7937C89" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_798088600EA622D2D558683AA7937C89" xlink:to="lab_us-gaap_OtherAssets_798088600EA622D2D558683AA7937C89" xlink:type="arc" />
    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, at fair value</link:label>
    <link:label id="lab_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB_label_en-US" xlink:label="lab_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Liability at Fair Value, Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ServicingLiabilityAtFairValueAmount" xlink:label="loc_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB" xlink:to="lab_us-gaap_ServicingLiabilityAtFairValueAmount_BB405EE94DCD009524476861D8A66FBB" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6" xlink:to="lab_us-gaap_FairValueInputsLevel2Member_4E56A818319B8D9660160C5295E98BE6" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF" xlink:to="lab_us-gaap_FairValueInputsLevel1Member_2D89850CF12B7B8D72D10C5295EAD3FF" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement Basis [Axis]</link:label>
    <link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement Basis [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204" xlink:to="lab_us-gaap_FairValueByMeasurementBasisAxis_DF11E72EA7E4F76F91830C5295EA5204" xlink:type="arc" />
    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_1BF5BC3C0F3118E4214F0C5295EA0292_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_1BF5BC3C0F3118E4214F0C5295EA0292" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_1BF5BC3C0F3118E4214F0C5295EA0292_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_1BF5BC3C0F3118E4214F0C5295EA0292" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_1BF5BC3C0F3118E4214F0C5295EA0292" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724_terseLabel_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Portion at Fair Value Measurement [Member]</link:label>
    <link:label id="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724_label_en-US" xlink:label="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724" xlink:to="lab_us-gaap_PortionAtFairValueFairValueDisclosureMember_EC9A21B54DFD16B50F850C5295EA5724" xlink:type="arc" />
    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_0CC716FE1E985AA315B80C5295EB1F17_terseLabel_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_0CC716FE1E985AA315B80C5295EB1F17" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Value</link:label>
    <link:label id="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_0CC716FE1E985AA315B80C5295EB1F17_label_en-US" xlink:label="lab_us-gaap_CarryingReportedAmountFairValueDisclosureMember_0CC716FE1E985AA315B80C5295EB1F17" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reported Value Measurement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_0CC716FE1E985AA315B80C5295EB1F17" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_FE78453B4AC2E90617CE0C5295EB2253_terseLabel_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_FE78453B4AC2E90617CE0C5295EB2253" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value</link:label>
    <link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_FE78453B4AC2E90617CE0C5295EB2253_label_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_FE78453B4AC2E90617CE0C5295EB2253" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimate of Fair Value Measurement [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_FE78453B4AC2E90617CE0C5295EB2253" xlink:type="locator" />
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    <link:label id="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1_terseLabel_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets:</link:label>
    <link:label id="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1_label_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Assets [Abstract]</link:label>
    <link:label id="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1_documentation_en-US" xlink:label="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1" 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-20191231.xsd#ocn_FinancialAssetsAbstract" xlink:label="loc_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1" xlink:to="lab_ocn_FinancialAssetsAbstract_7218EE49DC7F9080FD700C5295EDC0F1" xlink:type="arc" />
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale, at lower of cost or fair value</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7_label_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Sale At Lower Cost Fair Value Disclosure</link:label>
    <link:label id="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7_documentation_en-US" xlink:label="lab_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents loans held-for-sale at lower cost of fair value as presented on the statement of financial position which may include mortgage loans held-for-sale, finance receivables held-for-sale, or any other loans classified as held-for-sale which are due the Company as of the balance sheet date.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure" xlink:label="loc_ocn_LoansHeldForSaleAtLowerCostFairValueDisclosure_22F0ED337D32A01D1E820C5295F363F7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_CEE85C7CBDC96F0DC1000C5295F3763E_totalLabel_en-US" xlink:label="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_CEE85C7CBDC96F0DC1000C5295F3763E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Loans held for sale</link:label>
    <link:label id="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_CEE85C7CBDC96F0DC1000C5295F3763E_label_en-US" xlink:label="lab_us-gaap_MortgagesHeldForSaleFairValueDisclosure_CEE85C7CBDC96F0DC1000C5295F3763E" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgagesHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_MortgagesHeldForSaleFairValueDisclosure_CEE85C7CBDC96F0DC1000C5295F3763E" xlink:type="locator" />
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    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_D5D4D94BA750CD5721B60C5295F36856_terseLabel_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_D5D4D94BA750CD5721B60C5295F36856" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for investment</link:label>
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    <link:label id="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_D5D4D94BA750CD5721B60C5295F36856_documentation_en-US" xlink:label="lab_ocn_LoansHeldforInvestmentFairValueDisclosure_D5D4D94BA750CD5721B60C5295F36856" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the home equity conversion mortgages insured by FHA.</link:label>
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    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_653260BC84B17E3CB7920C5295F317BD_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesFairValueDisclosure_653260BC84B17E3CB7920C5295F317BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances (including match funded)</link:label>
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    <link:label id="lab_us-gaap_SeniorLongTermNotes_57DFD9BB4CC2444595A70C5295F652CB_label_en-US" xlink:label="lab_us-gaap_SeniorLongTermNotes_57DFD9BB4CC2444595A70C5295F652CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Senior Notes, Noncurrent</link:label>
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    <link:label id="lab_us-gaap_OtherBorrowings_671DB0595CC2F34D4B110C5295F684B3_label_en-US" xlink:label="lab_us-gaap_OtherBorrowings_671DB0595CC2F34D4B110C5295F684B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Borrowings</link:label>
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    <link:label id="lab_us-gaap_LongTermDebt_4893CEF88E9C5760A549683AA7D45FC0_totalLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_4893CEF88E9C5760A549683AA7D45FC0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Senior notes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_4893CEF88E9C5760A549683AA7D45FC0" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DebtWeightedAverageInterestRate_4D4F117C14285721BE60683AA7D4565F_terseLabel_en-US" xlink:label="lab_us-gaap_DebtWeightedAverageInterestRate_4D4F117C14285721BE60683AA7D4565F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average interest rate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_4D4F117C14285721BE60683AA7D4565F" xlink:type="locator" />
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    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8_terseLabel_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Delinquent FHA or VA Insured Loans</link:label>
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8_label_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Delinquent FHA Insured Loans [Member]</link:label>
    <link:label id="lab_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8_documentation_en-US" xlink:label="lab_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Delinquent FHA insured loans.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_DelinquentFHAInsuredLoansMember" xlink:label="loc_ocn_DelinquentFHAInsuredLoansMember_36BE2A28920957B5861E0D6FEE1ECAC8" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_DA8DE8F150C899C8EA830D6FEE240CB3_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_DA8DE8F150C899C8EA830D6FEE240CB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for losses related to defaulted FHA or VA insured loans</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowance_DA8DE8F150C899C8EA830D6FEE240CB3" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government-insured loan claims</link:label>
    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926_label_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Government-Insured Loan Claims</link:label>
    <link:label id="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Government-Insured Loan Claims</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ServicingReceivableGovernmentInsuredLoanClaims" xlink:label="loc_ocn_ServicingReceivableGovernmentInsuredLoanClaims_6F064493950E270D966C5E819C65C926" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from custodial accounts</link:label>
    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD_label_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Due From Custodial Accounts</link:label>
    <link:label id="lab_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Due From Custodial Accounts</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ServicingReceivableDueFromCustodialAccounts" xlink:label="loc_ocn_ServicingReceivableDueFromCustodialAccounts_FC78A3259CC2002E3C645E819C68EDFD" xlink:type="locator" />
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    <link:label id="lab_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1_terseLabel_en-US" xlink:label="lab_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advance funding, subservicing fees and reimbursable expenses</link:label>
    <link:label id="lab_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1_label_en-US" xlink:label="lab_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount Due On Sales Of Mortgage Servicing Rights</link:label>
    <link:label id="lab_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1_documentation_en-US" xlink:label="lab_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount due from purchaser of mortgage servicing rights in an asset sale agreement.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AmountDueOnSalesOfMortgageServicingRights" xlink:label="loc_ocn_AmountDueOnSalesOfMortgageServicingRights_E34BFC78A43FFDBBE9005E819C689AA1" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reimbursable expenses</link:label>
    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890_label_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Reimbursable Expenses</link:label>
    <link:label id="lab_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Reimbursable Expenses</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ServicingReceivableReimbursableExpenses" xlink:label="loc_ocn_ServicingReceivableReimbursableExpenses_181282F33712E5E56C655E819C680890" xlink:type="locator" />
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    <link:label id="lab_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805_terseLabel_en-US" xlink:label="lab_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805" 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_230584E73D31CFCB54785E819C689805_label_en-US" xlink:label="lab_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805" 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_230584E73D31CFCB54785E819C689805_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Servicing Receivable, Other</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ServicingReceivableOther" xlink:label="loc_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805" xlink:to="lab_ocn_ServicingReceivableOther_230584E73D31CFCB54785E819C689805" xlink:type="arc" />
    <link:label id="lab_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0_totalLabel_en-US" xlink:label="lab_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Servicing</link:label>
    <link:label id="lab_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0_label_en-US" xlink:label="lab_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0" 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_43DF994D79CAB8866B305E819C6969B0_documentation_en-US" xlink:label="lab_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0" 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-20191231.xsd#ocn_ServicingReceivableNet" xlink:label="loc_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0" xlink:to="lab_ocn_ServicingReceivableNet_43DF994D79CAB8866B305E819C6969B0" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176_terseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176" 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_55DF3544A573B94A0E795E819C699176_label_en-US" xlink:label="lab_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176" 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_55DF3544A573B94A0E795E819C699176_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176" 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-20191231.xsd#ocn_OtherReceivablesNet" xlink:label="loc_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176" xlink:to="lab_ocn_OtherReceivablesNet_55DF3544A573B94A0E795E819C699176" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166_totalLabel_en-US" xlink:label="lab_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166" 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_5368BC8B3E7568DFEEA55E819C69C166_label_en-US" xlink:label="lab_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166" 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_5368BC8B3E7568DFEEA55E819C69C166_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166" 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-20191231.xsd#ocn_OtherReceivablesGross" xlink:label="loc_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166" xlink:to="lab_ocn_OtherReceivablesGross_5368BC8B3E7568DFEEA55E819C69C166" xlink:type="arc" />
    <link:label id="lab_ocn_OtherReceivablesAllowanceForLosses_A78C86F0CE7CE22FA36F5E819C6AF2E6_negatedTerseLabel_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_A78C86F0CE7CE22FA36F5E819C6AF2E6" 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_A78C86F0CE7CE22FA36F5E819C6AF2E6_label_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_A78C86F0CE7CE22FA36F5E819C6AF2E6" 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_A78C86F0CE7CE22FA36F5E819C6AF2E6_documentation_en-US" xlink:label="lab_ocn_OtherReceivablesAllowanceForLosses_A78C86F0CE7CE22FA36F5E819C6AF2E6" 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-20191231.xsd#ocn_OtherReceivablesAllowanceForLosses" xlink:label="loc_ocn_OtherReceivablesAllowanceForLosses_A78C86F0CE7CE22FA36F5E819C6AF2E6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherReceivables_AB0317EED5EF084C246B5E819C6AA3CB_totalLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_AB0317EED5EF084C246B5E819C6AA3CB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Receivables, total</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_AB0317EED5EF084C246B5E819C6AA3CB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_AC1B6AA6A59902C992495E8F026CD3F3_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_AC1B6AA6A59902C992495E8F026CD3F3" 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_AC1B6AA6A59902C992495E8F026CD3F3_label_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_AC1B6AA6A59902C992495E8F026CD3F3" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_AC1B6AA6A59902C992495E8F026CD3F3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_AC1B6AA6A59902C992495E8F026CD3F3" xlink:to="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability_AC1B6AA6A59902C992495E8F026CD3F3" xlink:type="arc" />
    <link:label id="lab_ocn_DueToServicingAndSubservicingInvestors_7EFF05FD02F53357E27E5E8F026D6F25_terseLabel_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_7EFF05FD02F53357E27E5E8F026D6F25" 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_7EFF05FD02F53357E27E5E8F026D6F25_label_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_7EFF05FD02F53357E27E5E8F026D6F25" 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_7EFF05FD02F53357E27E5E8F026D6F25_documentation_en-US" xlink:label="lab_ocn_DueToServicingAndSubservicingInvestors_7EFF05FD02F53357E27E5E8F026D6F25" 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-20191231.xsd#ocn_DueToServicingAndSubservicingInvestors" xlink:label="loc_ocn_DueToServicingAndSubservicingInvestors_7EFF05FD02F53357E27E5E8F026D6F25" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_5851B026ACC998490D4C5E8F026D2C71_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_5851B026ACC998490D4C5E8F026D2C71" 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_5851B026ACC998490D4C5E8F026D2C71_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_5851B026ACC998490D4C5E8F026D2C71" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_5851B026ACC998490D4C5E8F026D2C71" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_5851B026ACC998490D4C5E8F026D2C71" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_5851B026ACC998490D4C5E8F026D2C71" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_889272806C272B5EE25B5E8F026D4457_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_889272806C272B5EE25B5E8F026D4457" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Due to NRZ - Advance collections and servicing fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsPayableOtherCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableOtherCurrentAndNoncurrent_889272806C272B5EE25B5E8F026D4457" xlink:type="locator" />
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    <link:label id="lab_ocn_IndemnificationObligationsLiability_331C0B7150D1302941BB5E8F026DF529_terseLabel_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_331C0B7150D1302941BB5E8F026DF529" 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_331C0B7150D1302941BB5E8F026DF529_label_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_331C0B7150D1302941BB5E8F026DF529" 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_331C0B7150D1302941BB5E8F026DF529_documentation_en-US" xlink:label="lab_ocn_IndemnificationObligationsLiability_331C0B7150D1302941BB5E8F026DF529" 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-20191231.xsd#ocn_IndemnificationObligationsLiability" xlink:label="loc_ocn_IndemnificationObligationsLiability_331C0B7150D1302941BB5E8F026DF529" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeaseLiability_D6DFE15CDCC5D7F072015E8F026D2D25_verboseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeaseLiability_D6DFE15CDCC5D7F072015E8F026D2D25" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Lease liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:label="loc_us-gaap_OperatingLeaseLiability_D6DFE15CDCC5D7F072015E8F026D2D25" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeaseLiability_D6DFE15CDCC5D7F072015E8F026D2D25" xlink:to="lab_us-gaap_OperatingLeaseLiability_D6DFE15CDCC5D7F072015E8F026D2D25" xlink:type="arc" />
    <link:label id="lab_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC_terseLabel_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC" 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_E907CD04BF9D68B40C735E8F026D5EBC_label_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC" 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_E907CD04BF9D68B40C735E8F026D5EBC_documentation_en-US" xlink:label="lab_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC" 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-20191231.xsd#ocn_ChecksHeldForEscheat" xlink:label="loc_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC" xlink:to="lab_ocn_ChecksHeldForEscheat_E907CD04BF9D68B40C735E8F026D5EBC" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued legal fees and settlements</link:label>
    <link:label id="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D_label_en-US" xlink:label="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Professional Fees</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D" xlink:to="lab_us-gaap_AccruedProfessionalFeesCurrentAndNoncurrent_2C6BAED19A5696BE7F9D5E8F026E636D" xlink:type="arc" />
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88_terseLabel_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for uncertain tax positions</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88_label_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability For Uncertain Tax Positions</link:label>
    <link:label id="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88_documentation_en-US" xlink:label="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount recognized in Other liabilities for uncertain tax positions as of the balance sheet date.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_LiabilityForUncertainTaxPositions" xlink:label="loc_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88" xlink:to="lab_ocn_LiabilityForUncertainTaxPositions_00EF8748CF0B78242B7B5E8F026E1F88" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E_terseLabel_en-US" xlink:label="lab_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for unfunded pension obligation</link:label>
    <link:label id="lab_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E_label_en-US" xlink:label="lab_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability, Other Postretirement Defined Benefit Plan, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent" xlink:label="loc_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E" xlink:to="lab_us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent_7D0A18F30B1DF518DEA45E8F026E3C7E" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestPayableCurrent_D0A5D3E4A851C2D4DBCF5E8F026ED33F_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent_D0A5D3E4A851C2D4DBCF5E8F026ED33F" 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_D0A5D3E4A851C2D4DBCF5E8F026ED33F_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrent_D0A5D3E4A851C2D4DBCF5E8F026ED33F" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPayableCurrent" xlink:label="loc_us-gaap_InterestPayableCurrent_D0A5D3E4A851C2D4DBCF5E8F026ED33F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPayableCurrent_D0A5D3E4A851C2D4DBCF5E8F026ED33F" xlink:to="lab_us-gaap_InterestPayableCurrent_D0A5D3E4A851C2D4DBCF5E8F026ED33F" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyDiscountedAmountOfInsuranceRelatedAssessmentLiability_6A7484BB75C55772ECB85E8F026E5C22_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyDiscountedAmountOfInsuranceRelatedAssessmentLiability_6A7484BB75C55772ECB85E8F026E5C22" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liability for mortgage insurance contingency</link:label>
    <link:label id="lab_us-gaap_LossContingencyDiscountedAmountOfInsuranceRelatedAssessmentLiability_6A7484BB75C55772ECB85E8F026E5C22_label_en-US" xlink:label="lab_us-gaap_LossContingencyDiscountedAmountOfInsuranceRelatedAssessmentLiability_6A7484BB75C55772ECB85E8F026E5C22" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Discounted Amount of Insurance-related Assessment Liability</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyDiscountedAmountOfInsuranceRelatedAssessmentLiability" xlink:label="loc_us-gaap_LossContingencyDiscountedAmountOfInsuranceRelatedAssessmentLiability_6A7484BB75C55772ECB85E8F026E5C22" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DefinedBenefitPlanFundedStatusOfPlan_157BB9F96318FCE0FF975E8F026F0C56_negatedLabel_en-US" xlink:label="lab_us-gaap_DefinedBenefitPlanFundedStatusOfPlan_157BB9F96318FCE0FF975E8F026F0C56" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Liability for unfunded India gratuity plan</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DefinedBenefitPlanFundedStatusOfPlan" xlink:label="loc_us-gaap_DefinedBenefitPlanFundedStatusOfPlan_157BB9F96318FCE0FF975E8F026F0C56" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredRevenue_FE4E78D7CBF058AA61095E8F026F1720_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredRevenue_FE4E78D7CBF058AA61095E8F026F1720" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_us-gaap_DeferredRevenue_FE4E78D7CBF058AA61095E8F026F1720_label_en-US" xlink:label="lab_us-gaap_DeferredRevenue_FE4E78D7CBF058AA61095E8F026F1720" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="loc_us-gaap_DeferredRevenue_FE4E78D7CBF058AA61095E8F026F1720" xlink:type="locator" />
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    <link:label id="lab_ocn_MassachusettsRegulatoryAgencyMember_D26ECE71E452AD0EBD925E8F004F926F_terseLabel_en-US" xlink:label="lab_ocn_MassachusettsRegulatoryAgencyMember_D26ECE71E452AD0EBD925E8F004F926F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Massachusetts Regulatory Agency</link:label>
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    <link:label id="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_E564FE7AD858D8FD4DA95E8F00518A1C_terseLabel_en-US" xlink:label="lab_ocn_NumberOfStatesChargingWithRegulatoryAction_E564FE7AD858D8FD4DA95E8F00518A1C" 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>
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    <link:label id="lab_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD_label_en-US" xlink:label="lab_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of State Attorneys General Charging With Regulatory Action</link:label>
    <link:label id="lab_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD_documentation_en-US" xlink:label="lab_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the number of state attorneys general charging with 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-20191231.xsd#ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction" xlink:label="loc_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD" xlink:to="lab_ocn_NumberOfStateAttorneysGeneralChargingWithRegulatoryAction_9B53B0A1D83689AE4BB65E8F0051E4DD" xlink:type="arc" />
    <link:label id="lab_us-gaap_LossContingencyDamagesSoughtValue_DCDB3378C8B30C5BD16E5E8F00520FBA_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyDamagesSoughtValue_DCDB3378C8B30C5BD16E5E8F00520FBA" 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_DCDB3378C8B30C5BD16E5E8F00520FBA_label_en-US" xlink:label="lab_us-gaap_LossContingencyDamagesSoughtValue_DCDB3378C8B30C5BD16E5E8F00520FBA" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:label="loc_us-gaap_LossContingencyDamagesSoughtValue_DCDB3378C8B30C5BD16E5E8F00520FBA" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LitigationSettlementExpense_E8A32992926C4204C15F5E8F00512DB6_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_E8A32992926C4204C15F5E8F00512DB6" 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_E8A32992926C4204C15F5E8F00512DB6_label_en-US" xlink:label="lab_us-gaap_LitigationSettlementExpense_E8A32992926C4204C15F5E8F00512DB6" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LitigationSettlementExpense" xlink:label="loc_us-gaap_LitigationSettlementExpense_E8A32992926C4204C15F5E8F00512DB6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LitigationSettlementExpense_E8A32992926C4204C15F5E8F00512DB6" xlink:to="lab_us-gaap_LitigationSettlementExpense_E8A32992926C4204C15F5E8F00512DB6" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding representation and warranty repurchase demands</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA" 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_125ACC918DAE3B0128D35E8F005265DA_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA" 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-20191231.xsd#ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance" xlink:label="loc_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA" xlink:to="lab_ocn_WarrantyRepurchaseDemandsUnpaidPrincipalBalance_125ACC918DAE3B0128D35E8F005265DA" xlink:type="arc" />
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9_terseLabel_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding representation and warranty repurchase demands, number of loans</link:label>
    <link:label id="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9_label_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9" 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_4FD52D0E672869B7BB2F5E8F0052AAE9_documentation_en-US" xlink:label="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9" 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-20191231.xsd#ocn_WarrantyRepurchaseDemandsNumberOfLoans" xlink:label="loc_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9" xlink:to="lab_ocn_WarrantyRepurchaseDemandsNumberOfLoans_4FD52D0E672869B7BB2F5E8F0052AAE9" xlink:type="arc" />
    <link:label id="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_C6C622B8D28B48DCC6625E8F0052D14D_terseLabel_en-US" xlink:label="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_C6C622B8D28B48DCC6625E8F0052D14D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Representation warranty and compensatory fees obligations</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_RepresentationWarrantyAndCompensatoryFeesObligations" xlink:label="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_C6C622B8D28B48DCC6625E8F0052D14D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_C6C622B8D28B48DCC6625E8F0052D14D" xlink:to="lab_ocn_RepresentationWarrantyAndCompensatoryFeesObligations_C6C622B8D28B48DCC6625E8F0052D14D" xlink:type="arc" />
    <link:label id="lab_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60_terseLabel_en-US" xlink:label="lab_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Indemnification claims recovered</link:label>
    <link:label id="lab_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60_label_en-US" xlink:label="lab_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Former Gain Contingency, Recognized in Current Period</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FormerGainContingencyRecognizedInCurrentPeriod" xlink:label="loc_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60" xlink:to="lab_us-gaap_FormerGainContingencyRecognizedInCurrentPeriod_B5CEA635A1CA8384450B5E8F00526D60" xlink:type="arc" />
    <link:label id="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF_terseLabel_en-US" xlink:label="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale of MSRs and Rights To MSRs</link:label>
    <link:label id="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF_label_en-US" xlink:label="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Of Rights To Mortgage Servicing Rights [Member]</link:label>
    <link:label id="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF_documentation_en-US" xlink:label="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale of rights to mortgage servicing rights.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_SaleOfRightsToMortgageServicingRightsMember" xlink:label="loc_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF" xlink:to="lab_ocn_SaleOfRightsToMortgageServicingRightsMember_C81AD6972C5FEF2A541810AD1287D4FF" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract_BC0208A38755FB8FEC7F0BDFF32AFCEB_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract_BC0208A38755FB8FEC7F0BDFF32AFCEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract_BC0208A38755FB8FEC7F0BDFF32AFCEB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract_BC0208A38755FB8FEC7F0BDFF32AFCEB" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAbstract_BC0208A38755FB8FEC7F0BDFF32AFCEB" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash</link:label>
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9_label_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_E46016CA03A487ECD9880BDFF32C6CF9" xlink:type="arc" />
    <link:label id="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1_terseLabel_en-US" xlink:label="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1_label_en-US" xlink:label="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Restricted Cash And Debt Service Accounts</link:label>
    <link:label id="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1_documentation_en-US" xlink:label="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of restricted cash and debt service accounts, acquired at the acquisition date.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts" xlink:label="loc_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1" xlink:to="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRestrictedCashAndDebtServiceAccounts_C22BF813478A5769B4300BDFF32CBDE1" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets_1D0C532D5594647685DD0BDFF32CA719_terseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets_1D0C532D5594647685DD0BDFF32CA719" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MSRs</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets_1D0C532D5594647685DD0BDFF32CA719" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets_1D0C532D5594647685DD0BDFF32CA719" xlink:to="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets_1D0C532D5594647685DD0BDFF32CA719" xlink:type="arc" />
    <link:label id="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35_terseLabel_en-US" xlink:label="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances</link:label>
    <link:label id="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35_label_en-US" xlink:label="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Advances</link:label>
    <link:label id="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35_documentation_en-US" xlink:label="lab_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of advances, net of allowances, acquired at the acquisition date.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances" xlink:label="loc_ocn_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetAdvances_1BBA80454B8487EAEA260BDFF32DBF35" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_5FB2D9B102E86E4DD79F0BDFF32E6219_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_5FB2D9B102E86E4DD79F0BDFF32E6219" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Senior notes (Senior unsecured notes)</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_A8EA895F57629615A17F0C5294D7B690_terseLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValueAdditions_A8EA895F57629615A17F0C5294D7B690" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions recognized in connection with asset acquisitions</link:label>
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    <link:label id="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_73B70AA76498F02E07530C5294D7F264_verboseLabel_en-US" xlink:label="lab_ocn_ServicingAssetsatAmortizedCostAdditionsRecognizedfromMortgageSales_73B70AA76498F02E07530C5294D7F264" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Additions recognized on the sale of mortgage loans</link:label>
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    <link:label id="lab_ocn_ServicingAssetatAmortizedCostTransfersandAdjustments_B28AAF0FA9AD292EBBB00C5294D8411C_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetatAmortizedCostTransfersandAdjustments_B28AAF0FA9AD292EBBB00C5294D8411C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Servicing transfers and adjustments</link:label>
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    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueGross_DA1968B157A2B1D200B60C5294D8F307_terseLabel_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueGross_DA1968B157A2B1D200B60C5294D8F307" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mortgage servicing rights, gross</link:label>
    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueGross_DA1968B157A2B1D200B60C5294D8F307_label_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueGross_DA1968B157A2B1D200B60C5294D8F307" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Servicing Asset At Amortized Value Gross</link:label>
    <link:label id="lab_ocn_ServicingAssetAtAmortizedValueGross_DA1968B157A2B1D200B60C5294D8F307_documentation_en-US" xlink:label="lab_ocn_ServicingAssetAtAmortizedValueGross_DA1968B157A2B1D200B60C5294D8F307" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the gross value of mortgage servicing rights before amortization and impairment valuation allowance.</link:label>
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    <link:label id="lab_us-gaap_ServicingAssetAtAmortizedValue_C18FC10902E904B819A00C5294D8D883_periodEndLabel_en-US" xlink:label="lab_us-gaap_ServicingAssetAtAmortizedValue_C18FC10902E904B819A00C5294D8D883" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance, MSRs</link:label>
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    <link:label id="lab_ocn_AdvancesRollForward_72A5AFB7C231DAC618580C5294FEEF14_terseLabel_en-US" xlink:label="lab_ocn_AdvancesRollForward_72A5AFB7C231DAC618580C5294FEEF14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances [Roll Forward]</link:label>
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    <link:label id="lab_ocn_AdvancesRollForward_72A5AFB7C231DAC618580C5294FEEF14_documentation_en-US" xlink:label="lab_ocn_AdvancesRollForward_72A5AFB7C231DAC618580C5294FEEF14" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances [Roll Forward]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AdvancesRollForward" xlink:label="loc_ocn_AdvancesRollForward_72A5AFB7C231DAC618580C5294FEEF14" xlink:type="locator" />
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    <link:label id="lab_ocn_AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance_7E70151844BE95E5C1100C5294FE3E26_periodStartLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsOnBehalfOfBorrowerNetOfValuationAllowance_7E70151844BE95E5C1100C5294FE3E26" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Advances, beginning balance</link:label>
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    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions_06AD3D3241A13BEE667D0CD0EA7B5287_terseLabel_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions_06AD3D3241A13BEE667D0CD0EA7B5287" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset acquisition</link:label>
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    <link:label id="lab_ocn_AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions_06AD3D3241A13BEE667D0CD0EA7B5287_documentation_en-US" xlink:label="lab_ocn_AdvancesPaymentsonBehalfofBorrowerAssetAcquisitions_06AD3D3241A13BEE667D0CD0EA7B5287" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances payments on behalf of borrower asset acquisitions.</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_F4D9C416D1A8A7E3221F7F2E9715A4B2" xlink:type="locator" />
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    <link:label id="lab_ocn_PercentageOfLoanToCollateralValue_C766E9BA1527CFEE0EE35E8F035F0C90_terseLabel_en-US" xlink:label="lab_ocn_PercentageOfLoanToCollateralValue_C766E9BA1527CFEE0EE35E8F035F0C90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of loan to value</link:label>
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    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_62C980FC7915E393B92B5E8F036056C1_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_62C980FC7915E393B92B5E8F036056C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt covenant, required consolidated tangible net worth</link:label>
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    <link:loc xlink:href="ocn-20191231.xsd#ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd" xlink:label="loc_ocn_DebtInstrumentCovenantComplianceConsolidatedTangibleNetWorthatPeriodEnd_62C980FC7915E393B92B5E8F036056C1" xlink:type="locator" />
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    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD_terseLabel_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Covenant liquidity requirement</link:label>
    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD_label_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Covenant Compliance, Liquidity Requirement</link:label>
    <link:label id="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD_documentation_en-US" xlink:label="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Covenant Compliance, Liquidity Requirement</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_DebtInstrumentCovenantComplianceLiquidityRequirement" xlink:label="loc_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD" xlink:to="lab_ocn_DebtInstrumentCovenantComplianceLiquidityRequirement_99582D440AD5E5E50EFF5E8F036048CD" xlink:type="arc" />
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C_terseLabel_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances and Match Funded Advances</link:label>
    <link:label id="lab_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C_label_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C" 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_417CC6973B7BA7EA978C21663DAE687C_documentation_en-US" xlink:label="lab_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C" 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-20191231.xsd#ocn_AdvancesAndMatchFundedAdvancesMember" xlink:label="loc_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C" xlink:to="lab_ocn_AdvancesAndMatchFundedAdvancesMember_417CC6973B7BA7EA978C21663DAE687C" xlink:type="arc" />
    <link:label id="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_E37562E164CDA936E95221663DAF5368_terseLabel_en-US" xlink:label="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_E37562E164CDA936E95221663DAF5368" 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_E37562E164CDA936E95221663DAF5368_label_en-US" xlink:label="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_E37562E164CDA936E95221663DAF5368" 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/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestsContinuedToBeHeldByTransferorFairValue" xlink:label="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_E37562E164CDA936E95221663DAF5368" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_E37562E164CDA936E95221663DAF5368" xlink:to="lab_us-gaap_InterestsContinuedToBeHeldByTransferorFairValue_E37562E164CDA936E95221663DAF5368" xlink:type="arc" />
    <link:label id="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4_terseLabel_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4" 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_3BA23700D305B29960A221663DAF05A4_label_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4" 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_3BA23700D305B29960A221663DAF05A4_documentation_en-US" xlink:label="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4" 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-20191231.xsd#ocn_UnpaidPrincipalBalanceOfLoansTransferred" xlink:label="loc_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4" xlink:to="lab_ocn_UnpaidPrincipalBalanceOfLoansTransferred_3BA23700D305B29960A221663DAF05A4" xlink:type="arc" />
    <link:label id="lab_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441_terseLabel_en-US" xlink:label="lab_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441" 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_25E2FDE9750613DD213021663DAF7441_label_en-US" xlink:label="lab_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441" 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_25E2FDE9750613DD213021663DAF7441_documentation_en-US" xlink:label="lab_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441" 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-20191231.xsd#ocn_MaximumExposureToLoss" xlink:label="loc_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441" xlink:to="lab_ocn_MaximumExposureToLoss_25E2FDE9750613DD213021663DAF7441" xlink:type="arc" />
    <link:label id="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B_terseLabel_en-US" xlink:label="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Active</link:label>
    <link:label id="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B_label_en-US" xlink:label="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Active [Member]</link:label>
    <link:label id="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B_documentation_en-US" xlink:label="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Active loans.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ActiveMember" xlink:label="loc_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B" xlink:to="lab_ocn_ActiveMember_2B67F4DE5009D59EB6B65E8F008E364B" xlink:type="arc" />
    <link:label id="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570_terseLabel_en-US" xlink:label="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inactive</link:label>
    <link:label id="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570_label_en-US" xlink:label="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inactive [Member]</link:label>
    <link:label id="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570_documentation_en-US" xlink:label="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Inactive loans.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_InactiveMember" xlink:label="loc_ocn_InactiveMember_158035096EE6B74751855E8F008ED570" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_InactiveMember_158035096EE6B74751855E8F008ED570" xlink:to="lab_ocn_InactiveMember_158035096EE6B74751855E8F008ED570" xlink:type="arc" />
    <link:label id="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074_terseLabel_en-US" xlink:label="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Repurchases Activity [Roll Forward]</link:label>
    <link:label id="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074_label_en-US" xlink:label="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Repurchases Activity [Roll Forward]</link:label>
    <link:label id="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074_documentation_en-US" xlink:label="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Repurchases Activity [Roll Forward]</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_ScheduleOfRepurchasesActivityRollForward" xlink:label="loc_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074" xlink:to="lab_ocn_ScheduleOfRepurchasesActivityRollForward_CF229C5A1359DECDFAEA5E8F008F2074" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541_periodStartLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance, repurchase securities, number</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541_label_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Equity Conversion Mortgage-Backed Security Repurchases Outstanding</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541_documentation_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the number of HMBS repurchase securities outstanding.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding" xlink:label="loc_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541" xlink:to="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_FBE8577D25DF392B63A85E8F008FE541" xlink:type="arc" />
    <link:label id="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D_terseLabel_en-US" xlink:label="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions, repurchase securities, number</link:label>
    <link:label id="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D_label_en-US" xlink:label="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions To Home Equity Conversion Mortgage-Backed Security Repurchases</link:label>
    <link:label id="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D_documentation_en-US" xlink:label="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the additions to HMBS repurchase securities.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases" xlink:label="loc_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D" xlink:to="lab_ocn_AdditionsToHomeEquityConversionMortgageBackedSecurityRepurchases_262C9ED2593345FA4EF85E8F008FFD7D" xlink:type="arc" />
    <link:label id="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844_negatedTerseLabel_en-US" xlink:label="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Recoveries, net, repurchase securities, number</link:label>
    <link:label id="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844_label_en-US" xlink:label="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoveries Related To Home Equity Conversion Mortgage-Backed Security Repurchases</link:label>
    <link:label id="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844_documentation_en-US" xlink:label="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the recoveries of HMBS repurchase securities.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases" xlink:label="loc_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844" xlink:to="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_E1D3CC949C77A457A89C5E8F008F4844" xlink:type="arc" />
    <link:label id="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252_terseLabel_en-US" xlink:label="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers, repurchase securities, number</link:label>
    <link:label id="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252_label_en-US" xlink:label="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Related To Home Equity Conversion Mortgage-Backed Security Repurchases</link:label>
    <link:label id="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252_documentation_en-US" xlink:label="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the transfers of HMBS repurchase securities.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases" xlink:label="loc_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252" xlink:to="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchases_3317FD3C5A85004ED4915E8F0090E252" xlink:type="arc" />
    <link:label id="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1_negatedTerseLabel_en-US" xlink:label="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in value, repurchase securities, number</link:label>
    <link:label id="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1_label_en-US" xlink:label="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Value Of Home Equity Conversion Mortgage-Backed Security Repurchases</link:label>
    <link:label id="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1_documentation_en-US" xlink:label="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the change in value of HMBS repurchase securities.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1" xlink:to="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchases_FB5B54DEAE57C91C00625E8F0090F8D1" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_A025FBFC748683A049345E8F00905B03_periodEndLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_A025FBFC748683A049345E8F00905B03" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance, repurchase securities, number</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding" xlink:label="loc_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_A025FBFC748683A049345E8F00905B03" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_A025FBFC748683A049345E8F00905B03" xlink:to="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstanding_A025FBFC748683A049345E8F00905B03" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D_periodStartLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning balance, repurchase securities, value</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D_label_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Home Equity Conversion Mortgage-Backed Security Repurchases Outstanding, Value</link:label>
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D_documentation_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of HMBS repurchase securities outstanding.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue" xlink:label="loc_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D" xlink:to="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_70934FF0AFF7EA0AE5305E8F0090173D" xlink:type="arc" />
    <link:label id="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10_terseLabel_en-US" xlink:label="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions, repurchase securities, value</link:label>
    <link:label id="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10_label_en-US" xlink:label="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount of Additions To Home Equity Conversion Mortgage-Backed Security Repurchases, Value</link:label>
    <link:label id="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10_documentation_en-US" xlink:label="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of additions to HMBS repurchase securities.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue" xlink:label="loc_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10" xlink:to="lab_ocn_AmountofAdditionsToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A145D9BE37DD4E36046C5E8F00904C10" xlink:type="arc" />
    <link:label id="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710_negatedTerseLabel_en-US" xlink:label="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Recoveries, repurchase securities, value</link:label>
    <link:label id="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710_label_en-US" xlink:label="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoveries Related To Home Equity Conversion Mortgage-Backed Security Repurchases, Value</link:label>
    <link:label id="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710_documentation_en-US" xlink:label="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of recoveries related to HMBS repurchase securities.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710" xlink:to="lab_ocn_RecoveriesRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_2E468483D83F147981025E8F00914710" xlink:type="arc" />
    <link:label id="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250_terseLabel_en-US" xlink:label="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers, repurchase securities, value</link:label>
    <link:label id="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250_label_en-US" xlink:label="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers Related To Home Equity Conversion Mortgage-Backed Security Repurchases, Value</link:label>
    <link:label id="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250_documentation_en-US" xlink:label="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of transfers related to HMBS repurchase securities.</link:label>
    <link:loc xlink:href="ocn-20191231.xsd#ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue" xlink:label="loc_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250" xlink:to="lab_ocn_TransfersRelatedToHomeEquityConversionMortgageBackedSecurityRepurchasesValue_A41C9199B4C49D5157795E8F00915250" xlink:type="arc" />
    <link:label id="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3_negatedTerseLabel_en-US" xlink:label="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Change in value, repurchase securities, value</link:label>
    <link:label id="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3_label_en-US" xlink:label="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Change In Value Of Home Equity Conversion Mortgage-Backed Security Repurchases, Value</link:label>
    <link:label id="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3_documentation_en-US" xlink:label="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This represents the amount of change in value of HMBS repurchase securities.</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3" xlink:to="lab_ocn_ChangeInValueOfHomeEquityConversionMortgageBackedSecurityRepurchasesValue_8CEC2AE9D82A7F762F295E8F0091A9E3" xlink:type="arc" />
    <link:label id="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_C141C0BAAA739082A61B5E8F0091A102_periodEndLabel_en-US" xlink:label="lab_ocn_HomeEquityConversionMortgageBackedSecurityRepurchasesOutstandingValue_C141C0BAAA739082A61B5E8F0091A102" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending balance, repurchase securities, value</link:label>
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