Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Ditech history
Ditech company history timeline
In April 1995, Reddam began originating, selling, and servicing mortgage loans tied to the prime interest rate.
In 1999, DiTech was acquired by GMAC (now Ally Financial), then owned by General Motors.
GMAC Mortgage renamed DiTech “ditech.com.” Reddam left the company in 2000.
In 2005, DiTech was organized as a business unit of Residential Capital, LLC (often referred to as "ResCap"), which controlled mortgage-related subsidiaries owned by General Motors Corporation.
In 2006, ditech.com general manager Michael McCarthy resigned and was replaced by Richard D. Powers.
In February 2010, GMAC relocated ditech.com offices from Costa Mesa to Fort Washington, PA. In May 2010, GMAC changed its name to Ally Financial.
In November 2012, Ditech was formed from assets of the estate of GMAC ResCap during the bankruptcy proceeding.
Rate how well Ditech lives up to its initial vision.
Ditech jobs
Do you work at Ditech?
Does Ditech communicate its history to new hires?
Ditech competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Avenue Mortgage | - | $1.9M | 15 | - |
| Assured Mortgage | - | - | 30 | - |
| Quicken Loans | 1985 | $12.9B | 17,000 | 153 |
| Reverse Mortgage Funding | 2012 | $18.8M | 365 | - |
| Carrington Mortgage Services, Mortgage Lending Division | 2007 | $20.0M | 814 | 172 |
| Saxon Mortgage | 1960 | $41.0M | 150 | - |
| Fremont Bank | 1964 | $17.6M | 500 | 18 |
| Caliber Home Loans | 2008 | $15.0M | 50 | 7 |
| Farm Bureau Bank | 1999 | $3.7M | 50 | 9 |
| CCO Mortgage Corp | 1980 | $150.0M | 600 | - |
Ditech history FAQs
Zippia gives an in-depth look into the details of Ditech, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ditech. The employee data is based on information from people who have self-reported their past or current employments at Ditech. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Ditech. The data presented on this page does not represent the view of Ditech and its employees or that of Zippia.
Ditech may also be known as or be related to DITECH.COM, Ditech, Ditech Financial LLC, Ditech Financial Llc, Ditech Holding, Ditech Holding Corporation, Ditech Inc. and ditech.