The president of Ditech Financial LLC’s originations unit is leaving the firm just months after taking on the role, and her counterpart in servicing will take over her job.
In September 2015,
Walter Investment Management Corp. disclosed that subsidiaries Ditech Mortgage Corp. and Green Tree Servicing LLC were consolidated.
As part of the move,
Patti Cook was appointed president of Ditech’s origination business, and David Schneider was named president of the company’s servicing unit.
But Cook’s time at the combined organization has come to an end.
On Monday, Tampa, Florida-based Walter Investment announced that Cook is leaving the company.
“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,” Walter Investment Vice Chairman, Chief Executive Officer and President Denmar J. Dixon said in the news release.
Schneider, who is also executive vice president at Walter Investment, is taking over Cook’s duties. He’ll be responsible for leading both the servicing and originations businesses.
According to the statement, the change is immediately effective.
“As the mortgage industry and our business continue to evolve, we felt it was an important progression to unify Ditech’s leadership,” Dixon explained.
“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.”
