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Walter Investment Management Corp. (WAC)

27.01 Down 0.57(2.07%) 4:07PM EDT
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Walter Investment Management Corp.
3000 Bayport Drive
Suite 1100
Tampa, FL 33607
United States - Map
Phone: 813-421-7600

Index Membership:N/A
Industry:Mortgage Investment
Full Time Employees:6,300

Business Summary 

Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. The company operates through six segments: Servicing, Originations, Reverse Mortgage, Asset Receivables Management, Insurance, and Loans and Residuals. The Servicing segment performs services for third-party investors in forward loans, as well as for on-balance sheet residential loans and real estate owned associated with forward mortgages. This segment offers services to various types of loans, such as forward residential mortgages, manufactured housing, and consumer installment loans and contracts. The Originations segment originates and purchases forward mortgage loans to third parties while retaining the servicing rights. The Reverse Mortgage segment primarily focuses on the origination, securitization, and servicing of reverse mortgage loans and a mortgage portfolio of federally-insured HECMs. This segment also performs servicing for third-party investors in reverse loans; and provides other ancillary services for the reverse mortgage market. The Asset Receivables Management segment collects post charge-off deficiency balances on behalf of third-party securitization trusts and other asset owners. The Insurance segment offers voluntary and lender-placed hazard insurance for residential loan customers, as well as other ancillary products to third parties through its insurance agency. The Loans and Residuals segment is engaged in the provision of assets and mortgage-backed debt of the residual trusts; and the unencumbered residential loan portfolio and real estate owned, which are associated with forward loans. Walter Investment Management Corp. was founded in 1958 and is based in Tampa, Florida.

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Corporate Governance 
Walter Investment Management Corp.’s ISS Governance QuickScore as of Jul 1, 2014 is 8. The pillar scores are Audit: 10; Board: 3; Shareholder Rights: 9; Compensation: 7.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Mark J. O'Brien , 71
Chairman and Chief Exec. Officer
Mr. Denmar John Dixon , 52
Vice Chairman and Chief Investment Officer
Mr. Keith A. Anderson , 52
Chief Operating Officer and Exec. VP
Mr. Thomas J. Franco ,
Pres of Green Tree Servicing, LLC
Mr. Gary L. Tillett , 54
Chief Financial Officer and Exec. VP
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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