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ditech Promotes Larry Gates to Arizona Area Sales Manager

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FORT WASHINGTON, PA – October 6, 2015 – Ditech Financial LLC (“ditech”) today announced that Larry Gates has been promoted to Area Sales Manager of Arizona.

In his new role, Larry will oversee the company's sales strategies throughout Arizona. He will be responsible for managing local sales teams, increasing Ditech's market share and leading business development.

“Larry is a highly skilled mortgage industry veteran,” said Tina Knaut, Ditech Area Sales Manager for the Southwest region of the U.S. “He has demonstrated the leadership and drive we look for in our sales executives. We are excited to have Larry in this role and know that the Arizona region will benefit greatly.”

In his previous role as Branch Manager for Ditech's Phoenix, AZ office, Larry managed the growth and business development of the Phoenix office and provided guidance to his team of Home Loan Specialists. Larry joined Ditech from Cornerstone Home Lending Inc., where he served as Branch Manager of the company's AZ offices. During his time with Cornerstone Home Lending Inc., Larry was responsible for carrying out strategic initiatives, sales development and managing local offices.

If you are looking for loan officer or branch opportunities, please contact Larry at 602-359-7395 or send him an email at Larry.Gates@ditech.com.

About Ditech

Ditech Financial LLC (“Ditech”) makes financially sound homeownership possible for millions of customers. Ditech is a well-known lender and servicer of residential mortgages. With over 5,000 employees in locations across the U.S., the company provides residential mortgage products through a team of home loan specialists who are easily accessible by phone (1-800-700-9212), online, and in-person. Additionally, Ditech’s Correspondent Lending Division partners with 600+ financial institutions nationwide, providing capital market expertise. Ditech is the 5th largest non-bank mortgage originator and the 7th largest servicer, most recently receiving a 5-star designation under Fannie Mae’s Servicer Total Achievement and Rewards Program. Ditech is owned by Walter Investment Management Corp. (NYSE: “WAC”), a leading diversified mortgage banking firm. For more information, please visit www.ditech.com.