TAMPA, Fla., Oct. 17, 2016 /PRNewswire/ -- Walter
Investment Management Corp. (NYSE: WAC) ("Walter" or the "Company")
today announced the hiring of Alfred W.
Young, Jr. as Chief Risk and Compliance Officer,
Elizabeth F. Monahan as Chief Human
Resources Officer and Timothy J.
Cranny as Ditech Financial LLC's Senior Vice President of
Performing Loan Servicing. Mr. Young and Mr. Cranny are expected to
join the Company October 24, 2016 and
Ms. Monahan is expected to join November 1,
2016. They will each report to Walter's Chief Executive
Officer and President, Anthony N.
Renzi.
"I am delighted to welcome Fred, Liz and Tim to the Walter
team," said Mr. Renzi. "They each bring proven leadership and
seasoned experience across a variety of key disciplines that are
essential to our success. Together with their Walter
colleagues, they will serve to form a high performance team focused
on continuous improvement and results. Fred and Liz will be
based in Fort Washington,
Pennsylvania and Tim will be based in Rapid City, South Dakota."
Mr. Young joins Walter with a deep background in risk governance
and federal regulatory experience, and particularly experience in
credit risk management, portfolio management, loan servicing,
portfolio and bank acquisitions, modeling and analytics. Mr. Young
most recently served as Director of Risk Analytics with the Office
of the Comptroller of the Currency's Supervision Risk Management
division. Prior thereto, he held leadership positions in the OCC's
Large Bank Supervision unit, during which time the OCC served as
the prudential regulator over some of the country's largest
consumer and mortgage banks. In addition to his eight years of
regulatory experience, from 1993 to 2008, Mr. Young held various
compliance- and risk-related roles at midsize and large national
banks, including Star Bank,
Provident Bank, Fifth Third Bank, Commerce Bank and Toronto
Dominion. Mr. Young holds a Master of Business Administration from
the University of Cincinnati and a
Bachelor of Science in Business Administration from Fitchburg State
University.
Ms. Monahan joins Walter with significant success championing
and implementing change, providing strategic direction and
motivating employees at all levels within an organization.
She has a proven track record of creating high performance cultures
that attract, develop and retain talent. Over her more than 27-year
career, Ms. Monahan has led the Human Resources functions for
diverse businesses, complex global organizations, and start-up
companies including Quintiq, Homeward Residential, De Lage Landen
and most recently, Assero Services. She began her career in
GMAC's Residential Finance Group, where she advanced to become the
organization's senior human resources executive. During her time at
GMAC Residential Finance Group, Ms. Monahan served as the senior
human resources leader on acquisition teams for a number of
acquisitions, including that of ditech.com. Ms. Monahan holds
a Masters of Counseling Psychology from Rider
University and a Bachelor of Science from Penn State University.
Mr. Cranny joins Walter with over 25 years of experience in all
aspects of financial services operations, including serving as a
Managing Director at CitiMortgage where he was responsible for
Performing Loan Servicing, including all performing loan customer
contact centers, loan administration, investor reporting,
cashiering operations, escrow administration, special loan
servicing, MERs and custodial operations. Most recently, Mr.
Cranny served as Managing Director for Citigroup's Branded Cards
business where he was responsible for customer contact operations
and domestic and partner management programs. Mr. Cranny's
significant experience in customer contact center and operations
management across mortgage, credit cards and consumer finance led
to senior leadership roles at some of the country's foremost
financial institutions including Citigroup and Wells Fargo. Mr.
Cranny holds a Bachelor in Finance Degree from Arizona State
University.
About Walter Investment Management Corp.
Walter Investment Management Corp. is a diversified mortgage
banking firm focused primarily on the servicing and origination of
residential loans, including reverse loans. Based in
Tampa, Fla., the Company has
approximately 5,300 employees and services a diverse loan
portfolio. For more information about Walter Investment
Management Corp., please visit the Company's website at
www.walterinvestment.com. The information on the Company's
website is not a part of this release.
Disclaimer and Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. Statements that are not historical fact are
forward-looking statements. Certain of these forward-looking
statements can be identified by the use of words such as
"believes," "anticipates," "expects," "intends," "plans,"
"projects," "estimates," "assumes," "may," "should," "will,"
"targets," or other similar expressions. Such forward-looking
statements involve known and unknown risks, uncertainties and other
important factors, and our actual results, performance or
achievements could differ materially from future results,
performance or achievements expressed in these forward-looking
statements. These forward-looking statements are based on our
current beliefs, intentions and expectations. These statements are
not guarantees or indicative of future performance. Important
assumptions and other important factors that could cause actual
results to differ materially from those forward-looking statements
include, but are not limited to, those factors, risks and
uncertainties described under the caption "Risk Factors" in our
Annual Report on Form 10-K for the year ended December 31,
2015 and in our Quarterly Reports on Form 10-Q for the quarters
ended March 31, 2016 and June 30, 2016, and in our other filings with the
SEC.
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SOURCE Walter Investment Management Corp.