GMAC Shifts Most Ditech Jobs from CA to PA

GMAC Financial Services says it remains committed to its Ditech brand, even as it shifts most of its Costa Mesa, Calif. operations to Fort Washington, Pa. GMAC said Ditech, "was not performing up to expectations in its previous configuration." By being moved to Fort Washington, GMAC hopes to gain efficiencies by sharing common infrastructure with Ditech and GMAC Mortgage. A GMAC spokeswoman said there are 269 employees affected by the move, including 119 loan officers that have been let go. All new applications are already being handled in Fort Washington. Another 150 back office employees remain working out of Costa Mesa for the next 60 days to clear the pipeline of loan originations generated before the announcement. There will be approximately 30 employees left at Costa Mesa to support mortgage servicing. During the heyday of subprime and home equity lending, Ditech was known for its marketing prowess and cable TV ads. In a statement GMAC said it would continue to support Ditech "with a dynamic mix of marketing and advertising designed to reach its target customers, and this mix may include direct marketing, digital advertising and more traditional forms of advertising such as television spots."