September 26, 2016 5:59 AM ET

Thrifts and Mortgage Finance

Company Overview of Ditech Financial LLC

Company Overview

Ditech Financial LLC, a mortgage company, lends and services residential mortgages. It offers a range of purchase loan options, including fixed rate, adjustable rate, jumbo, FHA, and VA loans. The company also partners with financial institutions nationwide providing capital market expertise. It offers residential mortgage products through a team of home loan specialists. Ditech Financial LLC was formerly known as Green Tree Servicing LLC and changed its name to Ditech Financial LLC in August 2015. The company was founded in 1975 and is based in Fort Washington, Pennsylvania with locations across the United States. Ditech Financial LLC operates as a subsidiary of Walter Investment Management...

1100 Virginia Drive

Suite 100A

Fort Washington, PA 19034

United States

Founded in 1975





Key Executives for Ditech Financial LLC

President of Green Tree
President of Servicing and Originations
Age: 50
Executive Vice President
Executive Vice President
Executive Vice President and Director
Age: 67
Compensation as of Fiscal Year 2016.

Ditech Financial LLC Key Developments

Freddie Mac Seeks Loan Auction

Federal Home Loan Mortgage Corporation (OTCPK:FMCC) announced a $1.1 billion non-performing loan transaction, an auction of seasoned non-performing residential whole loans. The non performing loans are currently serviced by Wells Fargo Bank, National Association or Ditech Financial LLC. Bids are due from qualified bidders on September 29, 2016. The sales are expected to settle in December 2016. The non-performing loans are offered as one pool. Advisors to Freddie Mac on the transaction are Wells Fargo Securities, LLC and First Financial Network, Inc.

Ditech Financial LLC to Lay Off 65 Employees at Regional Office in Greensboro

Ditech Financial LLC to lay off 65 employees at its regional office in Greensboro. The reason of the layoff is the closure of its 7031 Albert Pick Road office in a WARN (worker adjustment and retraining notification) filing.

Ditech Financial LLC Hires Brad Goedken as Chief Information Officer for Originations, Capital Markets and Corporate Systems

Ditech Financial LLC has hired Brad Goedken as Chief Information Officer for Originations, Capital Markets and Corporate Systems responsible for overseeing the company's aggressive technology agenda and planned upgrades. Goedken has significant experience in mortgage technology and most recently served as Chief Technology Officer for Sun Trust Mortgage where he worked to transform the originations platforms while achieving TRID compliance and established a digital mobile mortgage experience for Sun Trust clients.

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Recent Private Companies Transactions

January 29, 2016
Residential Credit Solutions, Inc., Certain Assets of Servicing Platform

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