Walter Investment Management Corp. announced that Daniel G. Beltzman, co-founder of Birch Run Capital Advisors, LP ("Birch Run"), has been appointed Chairman of the company's Board of Directors. Mr. Beltzman joined the Board in December 2015.

The company's current Chairman, Mark J. O'Brien will continue to serve on the Board as a director. The company also announced that David C. Schneider, Executive Vice President of Walter Investment and President of Ditech Financial LLC has been appointed Chief Operating Officer for the company effective immediately. Mr. Schneider will continue to report to Denmar J. Dixon.