Ditech Mortgage Bought Out by New Residential Investment Corporation

A New Beginning: Ditech Mortgage is Now Part of Ocwen Financial Corporation.

Ocwen Financial Corporation is pleased to announce that Ditech Mortgage has been acquired and is now part of the Ocwen family. This acquisition marks a new beginning for both companies, offering customers more options and services than ever before.

Ditech Mortgage, formerly known as GMAC Mortgage, has been providing mortgage loan origination services since 1992. As part of the Ocwen family, Ditech will continue to offer its customers a wide range of mortgage products and services including refinancing options, home equity loans, and reverse mortgages.

Ocwen Financial Corporation is one of the largest non-bank mortgage servicers in the United States. With this acquisition, Ocwen expands its reach by adding an additional 1 million customers to its portfolio. The combined company will be able to provide better customer service with more streamlined processes and access to a larger variety of loan products.

The combination of these two respected companies creates a powerful force in the mortgage industry. Customers can look forward to an enhanced customer experience with improved technology and more efficient operations. With this new beginning comes great promise for both organizations and their customers alike.


Ditech Mortgage, formerly known as GreenTree Servicing, was acquired by Walter Investment Management Corporation in 2014. The acquisition was part of a larger move by Walter Investment to expand its business into the mortgage and loan servicing sector. In 2018, Ditech Mortgage was acquired again, this time by Ocwen Financial Corporation. Ocwen is a leading provider of residential and commercial mortgage services in the United States. As part of the acquisition, Ocwen assumed all of Ditech Mortgage’s servicing rights and obligations.

– Overview of the Ditech Mortgage Acquisition

Ditech Mortgage Acquisition is a process that has been used in the mortgage industry for many years. It involves the purchase of mortgages from one lender to another, allowing the acquiring lender to take over the existing loan portfolio and provide new financing options. The acquisition gives lenders access to a larger pool of borrowers and can help increase their loan volume. This article will provide an overview of Ditech Mortgage Acquisition, its benefits, and how it works.

The first step in the process is for the acquiring lender to contact the current lender about purchasing their mortgage portfolio. This can be done through direct communication or through a broker. Once an agreement is reached, the acquiring lender will review all of the documents related to each loan in order to ensure that they meet their criteria for approval. If approved, the acquiring lender will then fund the purchase of the loans and take ownership of them.

The advantages of Ditech Mortgage Acquisition include increased access to a larger pool of borrowers, improved customer service, lower costs associated with servicing loans, and improved liquidity. Additionally, it allows lenders to diversify their portfolios by taking on more riskier loans that may not be available through traditional lending channels.

When it comes to how Ditech Mortgage Acquisition works, there are several steps involved in completing a successful transaction. First, both parties must agree on terms such as pricing and payment structure before proceeding with any paperwork or closing procedures. Next, all documents related to each loan must be reviewed and approved by both parties before being signed off on by both parties. Finally, once all documents have been reviewed and approved, funds are transferred from one party (the acquiring lender) to another (the current lender).

Overall, Ditech Mortgage Acquisition is an important process for lenders who want access to more borrowers or who want to diversify their portfolios by taking on more risky loans that may not be available through traditional lending channels. It also offers cost savings associated with servicing loans as well as improved customer service and liquidity benefits for both parties involved in the transaction.

– Who Purchased Ditech Mortgage and What Does it Mean?

On June 14th, 2020, Ditech Mortgage Corporation was purchased by New Residential Investment Corp. in a $1.3 billion deal. This acquisition is expected to provide financial stability for Ditech Mortgage and its customers while creating a larger platform of mortgage servicing capabilities.

The acquisition is part of New Residential’s strategy to expand its portfolio of mortgage servicing rights (MSRs) and loan origination platforms across the United States. With the addition of Ditech Mortgage, New Residential will now have access to over 1 million loan servicing accounts, as well as an expansive network of correspondent lenders and direct-to-consumer channels.

For customers of Ditech Mortgage, this purchase may result in improved customer service and more competitive pricing on their mortgages. Additionally, the combined company is expected to benefit from increased economies of scale in technology investments, operational efficiencies, and cost savings.

Overall, the acquisition of Ditech Mortgage by New Residential Investment Corp. is a positive development for both companies and their customers alike. The combined company will have access to greater resources than either could have achieved on their own, resulting in improved customer service and better pricing options for homeowners across the country.

– How the Acquisition Will Impact Consumers

The recent acquisition of one company by another can have a significant impact on consumers. Depending on the nature of the acquisition, it can mean changes to products and services, pricing, customer service, and more. Understanding how the acquisition will affect customers is important for businesses and consumers alike.

For starters, it’s important to consider what products and services may be affected by the acquisition. If one company has a product or service that is similar to another company’s offering, then they may choose to merge them into one product or service. This could mean changes in features, pricing, or availability of the product or service. It could also mean that some products or services are discontinued altogether due to redundancy.

Another factor to consider is how customer service may be impacted by an acquisition. A new company taking over an existing business could mean changes in how customers are serviced and supported. The new company may offer different support options such as phone lines, online chat, or email support instead of the traditional methods used by the previous owner. Additionally, customers may experience longer wait times for help due to staff shortages as a result of the transition period following an acquisition.

Finally, pricing is another factor that can be impacted by acquisitions. Depending on the circumstances surrounding the deal, prices may go up or down for certain products or services offered by either company involved in the transaction. Consumers should pay close attention to any changes in prices so they can make informed decisions about their purchases going forward.

In conclusion, acquisitions can have a major impact on consumers depending on what products and services are affected and how customer service and pricing are handled during the transition period following a deal being finalized. It’s important for businesses and consumers alike to understand how an acquisition will affect them so they can make informed decisions about their purchases going forward.

– The Financial Implications of the Acquisition

The acquisition of one company by another can have far-reaching implications for both sides, particularly when it comes to the financial aspects. It is important to consider all of the potential financial implications of an acquisition before making a decision. This article will provide an overview of the various financial implications that must be taken into account when considering an acquisition.

First, there are the costs associated with the transaction itself. These include legal and accounting fees, due diligence costs, and any other expenses related to completing the acquisition. Additionally, if debt financing is used to fund the purchase, there will be interest payments that must be made over time in order to pay off the loan.

Second, there are likely to be changes in tax liabilities as a result of the acquisition. Depending on how it is structured, it may result in higher taxes for one or both companies involved in the transaction. In addition, any goodwill or intangible assets acquired must be amortized over time and this can have significant tax implications as well.

Third, there could also be changes in cash flow due to the acquisition. If one company acquires another and then has difficulty integrating their operations or managing their new business units, this could lead to decreased revenue and increased expenses which would reduce cash flow. On the other hand, if integration goes well and synergies are realized between two companies then cash flow could increase significantly as a result of cost savings and increased revenue from combined operations.

Finally, there could also be changes in equity value due to the acquisition. If a company pays too much for another company or fails to properly integrate their operations after an acquisition then equity value could decrease significantly as investors react negatively to these events. Conversely, if an acquisition is successful and creates value for shareholders then equity values could increase significantly as investors recognize this added value.

In summary, acquisitions can have significant financial implications for both parties involved in a transaction and it is important that all potential implications are taken into consideration before making a decision about whether or not to proceed with an acquisition. By understanding all of these potential financial implications beforehand you can ensure that you make an informed decision about whether or not an acquisition is right for your organization.

– What Changes Can We Expect Following the Acquisition?

The acquisition of a company by another can have far-reaching consequences for both the acquiring and acquired companies, as well as their respective customers and employees. Generally speaking, changes can be expected in a number of areas, including operations, management structures, product offerings, customer service, and employee benefits.

In terms of operations, the combining of two companies usually results in some streamlining and consolidation. This could include merging departments or functions that were previously handled independently by each company. It may also involve the closure of certain locations or the relocation of personnel to different facilities. Additionally, there could be changes in processes used to develop products or services or provide customer support.

Management structures are also likely to change following an acquisition. The new organization will likely have a different hierarchy than either of the original companies had before the merger took place. In many cases, this means that senior positions will be filled by executives from the acquiring company while lower-level positions may remain largely unchanged.

Product offerings could also change after an acquisition occurs. The new organization may decide to discontinue some products or services that were previously offered by one or both companies prior to the merger taking place. Alternatively, they may choose to introduce new products or services based on ideas from either side of the deal.

Customer service is another area that could see alterations following an acquisition. Customers may find that their preferred contact methods are no longer available or that they receive different responses from customer service representatives than they did before the merger took place. Additionally, customers may need to become familiar with any new policies implemented by the combined organization.

Finally, employee benefits are likely to change following an acquisition as well. Employees should expect modifications in health insurance coverage options and retirement savings plans as well as changes in vacation time policies and other perks offered by either company prior to the merger taking place.

Overall, it is important for those involved with a newly merged organization—both customers and employees—to understand what changes they can expect following an acquisition so they can prepare accordingly for any potential adjustments that might take place in their day-to-day lives due to this transition period


Ditech Mortgage was acquired by Walter Investment Management Corporation in 2018. The acquisition was completed for a total purchase price of approximately $1.3 billion. The acquisition allowed Walter Investment to expand its offerings, providing customers with a more comprehensive suite of mortgage-related services.

Few Questions With Answers

1. Who bought out Ditech Mortgage?
Walter Investment Management Corp. (WAC) acquired Ditech Mortgage in 2018.

2. When did the acquisition of Ditech Mortgage take place?
The acquisition of Ditech Mortgage took place in July 2018.

3. What was the purpose of the acquisition?
The purpose of the acquisition was to expand Walter Investment Management Corp.’s digital mortgage capabilities and create a more comprehensive suite of mortgage products and services for consumers and lenders.

4. How much did Walter Investment Management Corp pay for Ditech Mortgage?
Walter Investment Management Corp paid $1.8 billion for Ditech Mortgage in cash and stock, plus additional payments contingent upon performance targets being met over a three-year period.

5. What is the current status of Ditech Mortgage?
Ditech Mortgage is now a wholly owned subsidiary of Walter Investment Management Corp, which offers mortgage solutions through its retail, wholesale, correspondent, and consumer direct channels under the brand name “Ditech”.

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