October 23, 2016 1:46 PM 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
Executive Vice President
Executive Vice President
Executive Vice President and Director
Age: 67
Head of Consumer Lending
Compensation as of Fiscal Year 2016.

Ditech Financial LLC Key Developments

Ditech Financial LLC Appoints Timothy J. Cranny as Senior Vice President of Performing Loan Servicing, Expects to Join on October 24, 2016

Ditech Financial LLC announced the appointment of Timothy J. Cranny as Senior Vice President of Performing Loan Servicing. Mr. Cranny are expected to join the company on October 24, 2016, will report to Walter's Chief Executive Officer and President, Anthony N. Renzi. Mr. Cranny joins Walter with over 25 years of experience in all aspects of financial services operations, including serving as a Managing Director at CitiMortgage where he was responsible for Performing Loan Servicing, including all performing loan customer contact centers, loan administration, investor reporting, cashiering operations, escrow administration, special loan servicing, MERs and custodial operations. Most recently, Mr. Cranny served as Managing Director for Citigroup's Branded Cards business where he was responsible for customer contact operations and domestic and partner management programs.

Ditech Financial LLC Announces Resignation of David C. Schneider as President

Effective October 12, 2016, David C. Schneider, President of Ditech Financial LLC left the Company. Mr. Schneider's departure is related to a broader plan to realign the Company's management structure.

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.

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Recent Private Companies Transactions

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

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