Greentree Loan Servicing

Greentree Loan Servicing

Ditech Financial LLC (rebranded coming from “ditech Mortgage” as well as “Green Tree greentree loan servicing ” in 2015) is actually a service provider of home mortgage, loan greentree loan servicing as well as re-finance items to individuals and also institutional companions in the U.S.[[ 1 ]

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In May 2014, Ditech revealed its own re-entry to the nationwide property market after it” vanished” coming from the industry for 5 years during the course of the subprime mortgage loan situation in the overdue 2000s.[[ 2 ] It likewise introduced a business re-branding along with its own greentree loan servicing associate, Green Tree greentree loan servicing , which happened in 2015.

Powers launched” People Are Smart,” an ad campaign that leveraged GMAC’s credibility as an accountable creditor and also pressured the usefulness of creating sensible choices based upon pro advise supplied through loan experts.[[ 9 ] [ 10 ]

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In February 2010, GMAC transferred workplaces coming from Costa Mesa to Fort Washington, PA.[[ 11 ] In May 2010, GMAC modified its own label to Ally Financial.[[ 12 ]

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In 2012, during the course of the home loan situation, Ally took its own non commercial loaning device in to personal bankruptcy if you want to repay the U.S. Treasury using its own recognition of bailout funds.[[ thirteen ] In November 2012, Ditech was actually developed coming from properties of the level of GMAC ResCap during the course of the insolvency court proceeding.[[ 7 ]


In March 2013, Ditech was actually obtained through Walter Investment Management Co. coming from Ally Financial, the previous GMAC ResCap.[[ 2 ] Following the accomplishment, Ditech made use of the label of Walter’s Green Tree greentree loan servicing subsidiary to come finances for governing and also licensing explanations.[[ 2 ] DT Holdings, Ditech’s moms and dad provider, is actually a subsidiary of Walter Investment Management.[[ 14 ]

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In March 2014, the firm returned to coming car loans utilizing the Ditech title.[[ 2 ] The brand name possessed efficiently “faded away” coming from the market for 5 years during the course of the mortgage loan situation, and also the firm chose to deliver Ditech label back after calculating that individuals kept mainly good scenery of the company.[[ 2 ] In May 2014, Ditech declared its own re-entry to the U.S. casing market.[[ 1 ]


In March 2015, Ditech, in addition to Walter Investment associate Green Tree greentree loan servicing , introduced the 2 will go through a co-branding attempt to end up being “Ditech Financial, A Walter Company,” carrying Walter’s source as well as greentree loan servicing facilities consecutively under one, identifiable trademark name. The switch determined in the 2nd fifty percent of 2015.[[ 15 ]


Ditech uses a series of home mortgage and also re-finance alternatives. Mortgage alternatives feature dealt with price, modifiable price and also FHA fundings.[[ 16 ] Refinancing possibilities feature taken care of fee, modifiable fee as well as FHA financings, in addition to unique finance plans like HARP along with broadened loan-to-value restrictions for certified candidates.[[ 7] ] [ 17 ] The firm will certainly no more deliver nonprime home loans.[[ 2 ]

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In May 2014, Ditech released a co-branding as well as joint-venture effort along with greater than 600 institutional companions that supply mortgage loan as well as re-finance car loans to their clients.[[ 7 ] The technique covers straight individual finance as well as contributor lender.[[ 7 ] Institutional companions may value, secure as well as provide specific finances by means of the Ditech site.[[ 18 ]

Also in May 2014, Ditech declared brand-new reporter financial services and products featuring MyCommunityMortgage, FHA Program, Expanded LMPI, and also Freddie Only.[[ 18 ] In June 2014, Ditech’s reporter financing department started paying attention to companies for area financial institutions and also cooperative credit union, providing their consumers accessibility to Ditech’s modern technology, underwriting, handling, greentree loan servicing as well as advertising skills.[[ 19 ]

Ditech is actually known for tv commercials that opened in the course of the 2000s. They included a villainous loan policeman, participated in through star Ron Michaelson, redoing the catch phrase “Lost yet another loan to Ditech” composed through author, developer as well as supervisor Ken Roberts, that generated the Ditech tv as well as broadcast commercials coming from 1995 to 2007.[[ 5 ] [ twenty ] In May 2007, the business offered a brand-new advertising project, incorporating the tagline “People Are Smart” and also featuring the trademark series Home finance through GMAC to even more assist identify the Ditech label coming from direct-to-consumer financial institutions of dubious acceptability. Ditech possessed hugely higher alone label recognition and also client complete satisfaction, however many individuals wrongly assumed Ditech was actually a subprime creditor.[[ 21 ]

On September 11, 2001 in the U.S., a Ditech commercial was actually opening on CNN when it was actually disturbed for a statement that an aircraft had actually hit some of the Twin Towers of the World Trade Center in New York City. This will start CNN’s on-going online video of the September 11 strikes.[[ 22 ]

Ditech kept a sponsor in the NASCAR Nextel Cup Series coming from 2004- 07, plainly seeming on the # 25 Chevrolet steered through Brian Vickers. The firm secured supports on Hendrick’s part time # 44 vehicle, in addition to the # 87 vehicle on Busch Series degree.

In 2019 Ditech was actually gotten through New Rez.[[ 23 ] [ 24 ]

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