EXHIBIT 31.1

                                 CERTIFICATIONS

I, William C. Erbey, certify that:

1.      I have reviewed this quarterly report on Form 10-Q of Ocwen Financial
        Corporation;

2.      Based on my knowledge, this report does not contain any untrue statement
        of a material fact or omit to state a material fact necessary to make
        the statements made, in light of the circumstances under which such
        statements were made, not misleading with respect to the period covered
        by this report;

3.      Based on my knowledge, the financial statements, and other financial
        information included in this report, fairly present in all material
        respects the financial condition, results of operations and cash flows
        of the registrant as of, and for, the periods presented in this report;

4.      The registrant's other certifying officer(s) and I are responsible for
        establishing and maintaining disclosure controls and procedures (as
        defined in Exchange Act Rules 13a - 15(e) and 15d - 15(e) for the
        registrant and have:

                        (a) Designed such disclosure controls and procedures, or
                            caused such disclosure controls and procedures to be
                            designed under our supervision, to ensure that
                            material information relating to the registrant,
                            including its consolidated subsidiaries, is made
                            known to us by others within those entities,
                            particularly during the period in which this report
                            is being prepared;

                        (b) Evaluated the effectiveness of the registrant's
                            disclosure controls and procedures and presented in
                            this report our conclusions about the effectiveness
                            of the disclosure controls and procedures, as of the
                            end of the period covered by this report based on
                            such evaluation; and

                        (c) Disclosed in this report any changes in the
                            registrant's internal control over financial
                            reporting that occurred during the registrant's most
                            recent fiscal quarter (the registrant's fourth
                            fiscal quarter in the case of an annual report) that
                            has materially affected, or is reasonably likely to
                            materially affect, the registrant's internal control
                            over financial reporting; and

5.      The registrant's other certifying officer(s) and I have disclosed, based
        on our most recent evaluation of internal control over financial
        reporting, to the registrant's auditors and the audit committee of the
        registrant's board of directors (or persons performing the equivalent
        functions):

                        (a) All significant deficiencies and material weaknesses
                            in the design or operation of internal control over
                            financial reporting which are reasonably likely to
                            adversely affect the registrant's ability to record,
                            process, summarize and report financial information;
                            and

                        (b) Any fraud, whether or not material, that involves
                            management or other employees who have a significant
                            role in the registrant's internal control over
                            financial reporting.

Date: November 14, 2003                 /s/ William C. Erbey
                                        --------------------
                                        William C. Erbey
                                        Chief Executive Officer