Walter Investment to Appoint David Schneider President, Ditech Servicing and Originations

Walter Investment Management Corp. (NYSE: WAC) (“Walter Investment” or the “Company”) today announced that David Schneider, EVP of Walter Investment and President, Servicing of Ditech Financial LLC (“Ditech”), will be named President of Ditech with responsibility for leading both the Servicing and Originations businesses, effective immediately. Patricia Cook, EVP of Walter Investment and President, Originations of Ditech, will be leaving the Company.

“As the mortgage industry and our business continue to evolve, we felt it was an important progression to unify Ditech’s leadership. David has deep experience in both the servicing and originations sectors and will lead our efforts as we strive to deliver excellent service to our customers, drive a strong culture of compliance and improve efficiency across the business,” said Denmar J. Dixon, Walter Investment’s Vice Chairman, Chief Executive Officer and President.  “We have consistently demonstrated our robust originations capabilities and expect to continue to concentrate our efforts on the growth and development of both our Consumer and Correspondent channels.”

“I want to thank Patti for her meaningful contributions to Walter Investment during her tenure, including leading the organization’s business development efforts and, most recently, managing our Originations business, including growing the Ditech brand,” continued Dixon.