Ditech Mortgage is basically the online, retial arm of GMAC mortgage. They are famous for plentiful TV commercials with the loser loan officer who is always losing “another loan to Ditech”. During my time as a loan officer with a mortgage broker, I sent plenty of loans to GMAC (including the loan on my own home) as they consistently had the best rates and good service. However, I never dealt with Ditech directly.

Ditech started in 1995, in the earliest days of the internet, and was purchased by GMAC in 1999. The company really started to grow at that point. They are also known for widely promoting a single flat-fee mortgage program (of around $395).

I have heard mixed things about Ditech and would be interested to hear what you readers have to say who have direct experience with them. What has been your experience?