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Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. [14] In March 2014, the company resumed originating loans using the Ditech name. [2]
Ultimately, the company sold to Ditech Communications (now itself acquired by Nuance Communications), a US public company based in Silicon Valley in mid-2005 in a deal valued at $24.55M. The acquisition brought benefit to Jasomi's investors and employees, and gave Ditech a credible toehold in the VoIP marketplace. Jasomi's then-CEO, Todd ...
Nuance Closes Ditech Networks Acquisition BURLINGTON, Mass.--(BUSINESS WIRE)-- Nuance Communications, Inc. (NAS: NUAN) announced it has closed its acquisition of Ditech Networks, Inc. (NAS: DITC) .
In February 2019, Ditech filed for bankruptcy and in October sold its forward mortgage business to New Residential for $1.2 billion. [8] In April 2021, Newrez a mortgage lending and servicing unit under New Residential agreed to acquire Caliber Home Loans from Lone Star Funds in a $1.675 billion deal. In February 2022, Newrez laid off 386 ...
Nuance to Acquire Ditech Networks Ditech Networks Enhances Nuance Voice to Text Business with Technology, Customers and Expertise, and Advances Voicemail to Text Platform Innovation BURLINGTON ...
Ditech Networks Sale Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Nuance Communications DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission ...
Society Corp. Keycorp Keycorp KeyBank: 1994 Signet Banking Corporation Pioneer Financial Corp. Signet Banking Corporation Wells Fargo: 1994 NBD Bancorp: AmeriFed Financial: NBD Bancorp: $149 million [28] JPMorgan Chase: 1994 BankAmerica Corp. Continental Illinois National Bank BankAmerica Corp. Bank of America: 1994 First Fidelity Bank: Bank of ...
In June 2013, Ocwen Financial Corp. (OCN), a provider of loan and asset-management services, agreed to buy contracts to handle payment collections on about $78 billion of mortgages from OneWest Bank FSB for $2.53 billion. On February 27, 2018, Ocwen Financial Corporation entered into definitive agreement to acquire PHH Corporation for $360 million.