PROFILE |
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The information highway makes for a bumpy ride sometimes. ditech.com, one of the biggest online mortgage lenders in the US, has fired executives indicted for extortion and seen its founder, J. Paul Reddam, resign and sue parent company General Motors Acceptance Corp. (GMAC). The online lender offers first-mortgage loans, high-loan-to-value (HLTV) first- and second-mortgage loans, and equity lines of credit. Known for its aggressive marketing campaigns, ditech.com advertises through cable television, freeway billboards, and on the radio. The majority of the company's business is conducted from its office in Costa Mesa, California.
COMPETITION |
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Countrywide Credit Industries, Inc. (CCR)
Long Beach Mortgage Company (dossier)
PMCC Financial Corp. (PMCF)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1997 Sales (mil.): 32.80
1-Yr. Sales Growth: 211.0%
Employees: 700
Revenue per employee: $46,857.14
CONTACT INFO |
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3200 Park Center Dr., Ste. 150
Costa Mesa, CA 92626
US
Phone: -
Fax: 714-800-5801
Online: Web Site
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