Thrifts and Mortgage Finance
Company Overview of Ditech Financial LLC
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
Fort Washington, PA 19034
Founded in 1975
Key Executives for Ditech Financial LLC
President of Servicing and Originations
Executive Vice President and Director
Compensation as of Fiscal Year 2015.
Ditech Financial LLC Key Developments
Ditech Financial LLC Appoints David Schneider as President
Feb 8 16
Walter Investment Management Corp. announced that David Schneider, EVP of Walter Investment and President, Servicing of Ditech Financial LLC, will be named President of Ditech with responsibility for leading both the Servicing and Originations businesses, effective immediately. Patricia Cook, EVP of Walter Investment and
President, Originations of Ditech, will be leaving the Company.
Green Tree Servicing Agrees to Pay $63 Million Settlement over Loan Complaints
Apr 22 15
Green Tree Servicing LLC will pay $63 million to resolve charges that it hurt homeowners with illegal loan servicing and debt collection practices. The company failed to honor modifications for loans transferred from other servicers, demanded payments before providing loss mitigation options, delayed decisions on short sales, and harassed and threatened overdue borrowers. The company will pay $48 million to affected consumers and a $15 million civil penalty. The settlement resolves allegations arising from an investigation that began in 2010. Walter Investment previously disclosed it had accrued the full amount of the settlement during 2014. The settlement will be paid from available cash and won't alter Walter's 2015 business plan.
Green Tree Servicing LLC Resolves Previously Disclosed Federal Trade Commission and Consumer Financial Protection Bureau Investigation
Apr 21 15
Green Tree Servicing LLC issued the statement regarding its settlement with the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB): Under terms of the stipulated order, which resolves allegations arising from an investigation that began in 2010, Green Tree has agreed, without admitting or denying any allegations, to injunctive relief, including the establishment of a data integrity program and a home preservation program, and will pay $48 million for consumer redress and a civil money penalty of $15 million. The settlement amount will be paid from available cash. The company developed its 2015 business plan taking the terms of the stipulated order into account, and the issuance of this order does not alter that business plan.
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