08:44 AM EDT, 06/10/2024 (MT Newswires) -- Onity Group ( ONIT ) said Monday it has officially begun operating under its new brand name, replacing its former name, Ocwen Financial.

The company's common stock is expected to begin trading on the New York Stock Exchange under the symbol ONIT as the market opens Monday.

Onity's ( ONIT ) main brands, PHH Mortgage and Liberty Reverse Mortgage, are scheduled to rebrand to Onity Mortgage later this year.