Ditech Holding Corporation (NYSE:DHCP) was founded in 1958 and is headquartered in Fort Washington, Pennsylvania, USA. It has 3,700 full-time employees. It is an independent mortgage and reverse mortgage service agency and initiator.
Ditech Holding Corporation (DHCP):
Ditech Holding Corporation is divided into 3 divisions to operate : Servicing (service), Originations (loan origination) and Reverse Mortgage (reverse mortgage).
1. Servicing -Representing third-party credit owners of mortgage loans to provide services for the mortgage portfolio and provide services to third-party owners. The department also operates complementary businesses, including asset accounts receivable management, collecting the balance of arrears after arrears for third parties; and holding Residual Trusts assets and mortgage-backed debt.
2. Originations -origination and purchase of mortgage loans.
3. Reverse Mortgage ——Mainly focus on the company’s self-operated reverse loan provision service, and provide services on behalf of the third-party credit owner of reverse loan. The department also provides complementary services to the reverse mortgage market, such as real estate owned property management and disposal. Provide services to government-sponsored entities, government agencies, third-party securitization trusts and other credit owners.