The corporate entity operating today as Onity Group Inc. was originally established under its founding name, Ocwen Financial Corporation, in 1988. Over more than three decades of continuous commercial operations, the company evolved from its early roots into a massive mortgage servicing and origination powerhouse. The official transition to the Onity brand name and the ONIT stock ticker symbol occurred in June 2024, serving as a strategic milestone to mark its comprehensive multi-year corporate transformation, modernized digital infrastructure, and expanded business capabilities.