On December 6, 2017, Walter Investment Management Corp. announced that Jerry Lombardo will succeed Gary Tillett as the company's Chief Financial Officer. Mr. Tillett will continue to serve as the company's Chief Financial Officer through a date mutually agreed between Mr. Tillett and the company between February 1, 2018 and February 15, 2018.

Mr. Lombardo's employment with the company will commence on a date reasonably agreed upon by Mr. Lombardo and the Company, which will be no later than February 1, 2018, and Mr. Lombardo will commence service as the Company's CFO thereafter as agreed by the Company and Mr. Lombardo. Mr. Lombardo served as a Managing Director & Treasurer of the Consumer and Community Bank at JP Morgan Chase & Co from 2013 to 2017. He held a number of senior finance roles including the Global Head of Funding & Liquidity for Ally Financial, Finance Executive at Cerberus Capital Management, Senior Managing Director at FTI Consulting and as Chief Financial Officer of Refco.

Gary Tillett will retire as the Company's Chief Financial Officer and will resign and from all other positions with the Company and its subsidiaries effective on a date as mutually agreed between Mr. Tillett and the Company between February 1, 2018 and February 15, 2018. On December 6, 2017, the company announced the appointment of Jeffrey Baker, the Company's President of Reverse Mortgage Solutions Inc. (RMS) as its Chief Operations Officer effective immediately. Mr. Baker has served as President of RMS since October 2016.

Mr. Baker is a current executive officer of the Company.