green tree financial

Green Tree Financial

  • Nov 9, 2021
  • Green Tree Financial is no more but the company is not closing. And now Green Tree company merging with Ditech.

History of Green Tree Financial

Green Tree Financial Corporation is the only company in the United States to specialize in manufactured home loans. As such, it captured over 25 percent of that business by 1993. The corporation originates, pools, sells, and services manufactured home loans using a vehicle known in the industry as conditional sales contracts.

Green Tree was founded by Lawrence Coss, a 36-year-old who approached Midwest Federal Savings & Loan Association (then one of America's 30 largest savings and loans) in 1975 with a proposal for a new subsidiary. The former car salesman convinced the traditional home mortgagor to begin offering higher-yielding manufactured home loans through Green Tree Acceptance, Inc. the following year.

Read more: https://www.referenceforbusiness.com/history2/85/Green-Tree-Financial-Corporation.html

What happened Green Tree Financial?

By the end of August 2015, Green Tree will be no more. But the company is not closing. In fact, Green Tree's parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment's well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.

And now Green Tree company merging with Ditech. Ditech Financial LLC was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.

Loans like Green Tree Financial

Almost people will know Green Tree Financial service is mortgage and maybe Green Tree Servicing, LLC is the company as same as you looking for. Green Tree Servicing, LLC, is a mortgage servicer and broker with operations throughout the United States. As a mortgage servicer, it handles billings and other aspects of managing mortgage accounts on behalf of other entities. As a mortgage broker, it works with multiple lenders to find those that are best suited to meet the needs of individual borrowers.

Loans Servicing

Now you know Green Tree Financial is no more and they are merging with Ditech. Parent organizations is DITECH HOLDING Corp, Ditech Holding Corporation and one of subsidiaries is Green Tree Advance Receivables III LLC that they provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.

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Important Disclosures. Please Read Carefully.

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