This company was started in 1995. Ditech has made a revolutionary entry into the field to capitalize on the unmet need in the mortgage industry for faster, easier access to mortgage loans. The customers were not satisfied with traditional mortgage brokerage so Ditech's, ditech business model allowed consumers to get mortgages directly through a lender rather than relying on an intermediary like a mortgage broker. Simultaneously, the Internet was gaining popularity and consumers were finally accepting it as both a research and purchasing tool. The company is providing selected group of products that appeal to a wide range of borrowers.

The company is offering fewer products and avoiding niche offerings so that it is able to streamline its operations to keep costs and application delays to a minimum. Its percentage of growth tells its development, where it's funding volume has grown 290% and funding dollar volume has grown by 283%. Capitalizing on GMAC's reputation and mortgage experience, Ditech continues to successfully identify consumer needs and create products to address them.

Justin of Lesburg FL (08/28/08)
An existing ditech customer with an excellant payment and credit history. I built my custom dream home in 2007 using a construction loan from IndyMac Bank. at the end of the construction process, the construction loan converts to a permanent mortgage at no charge. I was solicted a lower interest rate by Alex of ditech on 12/12/07 and on 1/16/08. I thought at the time that this was worth looking into. I made it clear to him that if he wanted to close a deal that it needed to move quickly because I would have to pay interest on a construction loan that I did not convert to a permanent mortgage with my existing lender. He politely told me that being an existing customer, it would not take three weeks and so I began the paper work on 1/30/08.

The next two months were spent reapplying for the same loan for some odd reason, always a different one. I made it very clear to my lending agent that time was up on construction loan and that I needed to move on or close a deal, He assured me that everything was ok and would close the following week. I was then notified by Scott of ditech on 3/21/08, he proceeded to tell me that in order to close the loan I had to sell my existing home that was carried by ditech. I then contacted Alex to remind him of the accruing interest on the IndyMac loan, he stated that the interest that had been accruing could be added to the mortgage. I sold the existing property which was lakefront and generating rental income.

I was then contacted by my loan agent Alex on 4/17/08 at 7:00 p.m. to tell me that they would loan on the property. I am in need of an attorney not because this process almost cost me my marriage but it did cost me $6,618 in interest on the construction loan and my Lakefront property. Every time i see that Ditech sleep easy loan with up front answers, It makes my blood boil.

Blindsided by a lender that chose to walk out on a deal that they solicited. Overnight out of pocket expenses $6,618. I almost lost my dream home that I had only been in for several months and sold income generating property.