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Ditech Holding Corporation  (WAC)
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Ditech Holding's Suppliers Performance

WAC's Supply Chain

 
WAC Costs vs Sales of Suppliers Growth Ditech Holding's Suppliers recorded an increase in sales by 4.22 % year on year in Q4 2018, from the previous quarter, sales fell by -3.22 %, Ditech Holding's cost of sales deteriorated by 0 % year on year, sequentially cost of sales grew by 109.17 % in Q4.

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Ditech Holding's Suppliers recorded an increase in sales by 4.22 % year on year in Q4 2018, from the previous quarter, sales fell by -3.22 %, Ditech Holding's cost of sales deteriorated by 0 % year on year, sequentially cost of sales grew by 109.17 % in Q4.

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  News about Ditech Holding Corporation Contracts



Ditech Holding's Comment on Supply Chain


Our businesses employ technology by using third-party systems where standardization is key and proprietary systems where superior functionality, flexibility and time to market are critical to regulatory compliance, customer experience and credit performance. The majority of our proprietary systems are supported by a team of information technology professionals using the latest development techniques and technologies to protect our systems and ensure they are effective. In-house developed proprietary systems are leveraged for customer service, default management, data modeling and reverse mortgage originations and servicing.
On October 27, 2014, Green Tree Servicing (now Ditech Financial) signed a long-term Loan Servicing Agreement with Black Knight Financial Services, LLC for the use of MSP, a mortgage and consumer loan servicing platform. Ditech Financial has been using a combination of MSP and its own proprietary collections, customer service and default management systems to service Ginnie Mae and Freddie Mac loans for several years. Ditech Financial intends to move its Fannie Mae first lien mortgages to MSP and will continue to utilize proprietary collections, customer service and default management systems for such loans. Ditech Financial anticipates that it will move the remainder of its loans, which consist primarily of private label loans, manufactured housing loans and second liens, to MSP from its proprietary system in 2017. We believe we have capacity in our platform to support the growth of our portfolios.