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TAMPA — Walter Investment Management Corp. announced the retirement of its executive vice president and chief operating officer, Keith Anderson. He will remain in his present position with the company for 90 days to assist with the search for a successor and to transition the position. After that, Anderson will continue as a consultant to the company for an additional year.
Anderson joined Green Tree Servicing in 1995, holding various positions, before assuming his current position with Walter Investment in 2012.
The company says it has started a search to fill the position.
The retirement announcement comes as Walter Investment Management announced a loss for the most recent fiscal quarter. The firm reported a net loss of $12.93 million (34 cents per share) for the quarter ended June 30, compared to net income of $143.23 million ($3.82 per share) for the same quarter last year. A portion of that loss in the quarter came from total revenue, which was declined 30.6% from the same quarter a year ago to $413.71 million. The company also reported an $82.3 million goodwill impairment charge to the company's reverse mortgage business in the quarter.
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