| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
5 |
| Employees |
5,900 |
| Revenues (TTM) (Millions $) |
813 |
| Net Income (TTM) (Millions $) |
-427 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Ditech Holding Corporation is a publicly held financial services company that provides a broad range of mortgage-related products and services to consumers and businesses in the United States. The company was founded in 1995 and is headquartered in Fort Washington, Pennsylvania.
The company operates through three primary business segments: Servicing, Originations, and Reverse. The servicing segment provides loan servicing, management, and maintenance for residential and commercial loans, including collections and foreclosures. The originations segment offers various mortgage loan products, including conforming and jumbo loans, fixed and adjustable-rate mortgages, and government-backed loans such as FHA and VA loans. The Reverse segment provides reverse mortgage products and services to eligible seniors who own their homes and want to convert their equity into cash.
Ditech Holdings Corporation operates under a number of subsidiary brands, including Ditech Financial LLC, Reverse Mortgage Solutions Inc., and MFS Supply LLC. The company also maintains a significant online presence, with a consumer-facing website that offers mortgage-related products and services directly to consumers.
As of 2018, Ditech Holding Corporation reported total assets of $24 billion and a workforce of approximately 2,500 employees across its various business segments. The company has faced a number of challenges in recent years, including significant losses in its servicing business and a bankruptcy filing in 2019. However, the company has since emerged from bankruptcy and continues to operate under new leadership and with a renewed focus on enhancing customer experience and value.
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