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Walter Investment Management Corp. (WAC)


NYSE - NYSE Delayed Price. Currency in USD
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Walter Investment Management Corp.

3000 Bayport Drive
Suite 1100
Tampa, FL 33606
United States
813-421-7600
http://www.walterinvestment.com

SectorFinancial
IndustryMortgage Investment
Full Time Employees4,500

Key Executives

NameTitlePayExercisedAge
Mr. George M. AwadExec. Chairman62.64kN/A57
Mr. Anthony N. RenziChief Exec. Officer, Pres and Director4.41MN/A53
Mr. Gary L. TillettChief Financial Officer and Exec. VP1.25MN/A57
Mr. Alfred W. Young Jr.Chief Risk & Compliance Officer and Exec. VP257.74kN/A47
Mr. Jeffery P. BakerPres of Reverse Mortgage Solutions, Inc561.62kN/A53
Amounts are as of December 31, 2016 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.

Description

Walter Investment Management Corp. operates as an independent servicer and originator of mortgage loans, and a servicer of reverse mortgage loans in the United States. It operates through three segments: Servicing, Originations, and Reverse Mortgage. The Servicing segment performs services on behalf of third-party credit owners of mortgage loans, as well as its mortgage loan portfolio; and subservicing for third-party owners of mortgage servicing rights. This segment also operates a collections agency that performs collections of post charge-off deficiency balances for third parties and the company; and holds the assets and mortgage-backed debt of the residual trusts. The Originations segment originates and purchases mortgage loans for third parties while retaining the servicing rights. The Reverse Mortgage segment performs servicing for third-party credit owners of reverse loans; and provides other services for the reverse mortgage market, such as real estate owned property management and disposition. Walter Investment Management Corp. was founded in 1958 and is based in Tampa, Florida.

Corporate Governance

Walter Investment Management Corp.’s ISS Governance QualityScore as of May 1, 2017 is 10. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 10; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.