Walter Investment Management Corp. announced that David C. Schneider, Executive Vice President and Chief Operating Officer of the company and President of Ditech Financial LLC, left the company, effective October 12, 2016. Mr. Schneider's departure is related to a broader plan to realign the Company's management structure. The new structure is designed to flatten the organization, with the intent of making it leaner and more effective. The leaders of certain key operating units will now report directly to the Company's Chief Executive Officer and President, Anthony N. Renzi.