Ditech Holding Corporation Company Review & Valuation
About Ditech Holding Corporation
Ditech Holding Corporation operates as an independent servicer and originator of mortgage loans, and servicer of reverse mortgage loans.
The company operates through three segments: Servicing, Originations, and Reverse Mortgage.
The Servicing segment performs servicing for mortgage loan portfolio, on behalf of third-party credit owners of mortgage loans, as well as performs subservicing for third-party owners.
This segment also operates complementary businesses, including asset receivables management that performs collections of post charge-off deficiency balances for third parties; and holds the assets and mortgage-backed debt of the Residual Trusts.
The Originations segment originates and purchases mortgage loans through consumer originations, and correspondents and wholesale lendings.
The Reverse Mortgage segment primarily focuses on the servicing of its own reverse loans and subservicing on behalf of third-party credit owners of reverse loans.
This segment also provides complementary services for the reverse mortgage market, such as real estate owned property management and disposition.
It serves government-sponsored entities, government agencies, third-party securitization trusts, and other credit owners.
The company was formerly known as Walter Investment Management Corp.
and changed its name to Ditech Holding Corporation in February 2018.
Ditech Holding Corporation was founded in 1958 and is based in Fort Washington, Pennsylvania.