What happened Shares of Ocwen Financial Corporation (NYSE: OCN) jumped more than 10% on Tuesday after hedge fund manager Leon Cooperman recommended the mortgage servicing company. The stock is down 20% over the past year, and Cooperman believes it is oversold. So what Ocwen is a non-bank financial company that handles the administrative tasks associated with a loan, including sending statements and receiving payments. The company acquired PHH Corporation in October 2018 to expand its operations, but the purchase saddled Ocwen with significant debt and has weighed on operations. Image source: Getty Images. Speaking on CNBC on Tuesday, Cooperman said that investors are not paying attention to Ocwen. He said the company has a book value of $3.50 per share, well in excess of its $1.40 per share trading price at the time he spoke. Now what Ocwen announced a $5 million share buyback plan earlier this month and said it is on track to return to profitability by the second half of 2020. The company also boosted its full-year 2020 origination volume target to at least $15 billion, from a prior target of $10 billion. Housing demand has held up well, and should help Ocwen to grow its business in the quarters to come. The company still has a long road ahead of it, but for patient investors, Cooperman sees an opportunity in shares of Ocwen Financial. 10 stocks we like better than Ocwen FinancialWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ocwen Financial wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source