OverviewSuggest Edit

Ditech Holding Corporation (formerly Walter Investment Management Corp.) is a diversified mortgage banking firm focused primarily on servicing and originating residential loans, including reverse loans. The Company services and originates mortgage loans; and services reverse mortgage loans. It serves GSEs, government agencies, third-party securitization trusts, and other credit owners.

TypePrivate
Founded1958
HQFort Washington, PA, US
Websitewalterinvestment.com
Overall CultureC+

Latest Updates

Employees (est.) (Jun 2021)48
Revenue (FY, 2017)$831.3 M(-16%)
Share Price (Jun 2018)$0.6(+43%)
Cybersecurity ratingAMore

Key People/Management at Ditech

Gerald A. Lombardo

Gerald A. Lombardo

Chief Financial Officer
Alfred W. Young

Alfred W. Young

Chief Risk and Compliance Officer
Elizabeth F. Monahan

Elizabeth F. Monahan

Chief Human Resources Officer
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Ditech Office Locations

Ditech has an office in Fort Washington
Fort Washington, PA, US (HQ)
1100 Virginia Dr #100
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Ditech Financials and Metrics

Summary Metrics

Founding Date

1958
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Ditech Revenue

Ditech's revenue was reported to be $831.26 m in FY, 2017
USD

Revenue (Q3, 2018)

204.7m

Net income (Q3, 2018)

(36.6m)

Cash (31-Dec-2018)

187.7m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

402.5m667.0m1.8b1.5b1.3b995.7m831.3m

Cost of goods sold

2.2m

Gross profit

664.8m

Gross profit Margin, %

100%
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

Revenue

6.0m151.1m165.8m164.1m160.8m291.8m569.2m489.2m369.9m413.7m386.0m310.9m412.4m219.4m66.8m187.5m297.3m245.3m208.8m176.6m198.5m204.7m

Cost of goods sold

2.1m

Gross profit

4.0m

Gross profit Margin, %

66%
USDQ2, 2011

Financial Leverage

3.7 x
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Ditech Acquisitions / Subsidiaries

Company NameDateDeal Size
Ditech Financial LLCMarch 01, 2013
Reverse Mortgage SolutionsNovember 01, 2012

Ditech Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Ditech Online and Social Media Presence

Embed Graph

Ditech Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    C+

    67/100

  • Compensation

    C+

    67/100

Learn more on Comparably

Ditech News and Updates

Ditech Holding Corporation Completes the Sale of Substantially All of the Forward Assets of Ditech Financial LLC to New Residential Investment Corp.

FORT WASHINGTON, Pa., Oct. 2, 2019 /PRNewswire/ -- Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCPQ) today announced that New Residential Investment Corp. ("New Residential") has completed the acquisition of substantially all...

Ditech Holding Corporation Completes the Sale of Stock and Assets of Reverse Mortgage Solutions, Inc. to Mortgage Assets Management

FORT WASHINGTON, Pa., Sept. 30, 2019 /PRNewswire/ -- Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCPQ) today announced that Mortgage Assets Management, LLC and certain of its affiliates (collectively, "Mortgage Assets") have...

Ditech Sale Blocked by Homeowner Claims of Botched Mortgages

Ditech Sale Blocked by Homeowner Claims of Mishandled Mortgages

Bank of America Emerges as Defender of Elderly Borrowers in Ditech Sale

Bank of America Emerges as Defender of Elderly Borrowers in Ditech Sale

Ditech Holding Corporation Signs Purchase Agreements with New Residential Investment Corp. and Mortgage Assets Management, LLC

FORT WASHINGTON, Pa., June 18, 2019 /PRNewswire/ -- Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCP) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with New Residential...

Homeowners Hurt by Mortgage Scam Seek Role in Ditech Bankruptcy

The fraud had targeted elderly African-American homeowners and coerced them into reverse mortgages with no benefits.
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Ditech Frequently Asked Questions

  • When was Ditech founded?

    Ditech was founded in 1958.

  • Who are Ditech key executives?

    Ditech's key executives are Gerald A. Lombardo, Alfred W. Young and Elizabeth F. Monahan.

  • How many employees does Ditech have?

    Ditech has 48 employees.

  • What is Ditech revenue?

    Latest Ditech annual revenue is $831.3 m.

  • What is Ditech revenue per employee?

    Latest Ditech revenue per employee is $17.3 m.

  • Who are Ditech competitors?

    Competitors of Ditech include City Bank, Basler Kantonalbank and CIBC Bank USA.

  • Where is Ditech headquarters?

    Ditech headquarters is located at 1100 Virginia Dr #100, Fort Washington.

  • Where are Ditech offices?

    Ditech has an office in Fort Washington.

  • How many offices does Ditech have?

    Ditech has 1 office.