ditech Announces "Home Sweet Loan" Promotion

Five Contest Winners to Receive "Mortgage for a Month" Cash Award Prize of $2,500; Sweepstakes Grand Prize Winner to Receive "Mortgage for One Year" Cash Award Prize of $30,000


HORSHAM, Pa., Oct. 14, 2014 (GLOBE NEWSWIRE) -- Coming off the heels of its successful partnership announcement with Stewart-Haas Racing and Kevin Harvick's No. 4 Chevrolet team, and Kevin Harvick's Sprint Cup Series win this past weekend at Charlotte Motor Speedway, Ditech Mortgage Corp ("ditech") over the weekend launched the "Home Sweet Loan" Promotion, a two-part Promotion consisting of a Photo Contest and separate Sweepstakes at www.ditechracing.com.

Launched to coincide with the October 11, 2014 Chase for the Sprint Cup series in Charlotte, N.C., the Promotion gives consumers the opportunity to win via a Photo Contest and a separate Sweepstakes. For the Photo Contest, race fans are asked to print out one of the available pictures of Kevin Harvick on www.ditechracing.com, take a photo with "Kevin" at their home that depicts how it is their dream home and enter for a chance to win one of five Contest prizes of a "Mortgage for a Month," each awarded as a check for $2,500. Entries must be posted to the microsite www.ditechracing.com; only one entry per person/email may be submitted throughout the duration of the Promotion.

To enter the Sweepstakes, consumers have three methods of entry: they can enter at www.ditechracing.com; they can tweet to @ditech about why their home is their dream home; and they can also write and submit a post on ditech's Facebook page (https://www.facebook.com/ditech) with the same content. For the Twitter and Facebook methods, entrants are to use the hashtag #HomeSweetLoanSweeps. Upon Sweepstakes registration, consumers can submit additional entries – one per day – throughout the duration of the Promotion. One Sweepstakes Grand Prize winner will receive a "Mortgage for a Year" payment prize, awarded as a check for $30,000, and an additional 20 First Prize winners will win a hat autographed by Kevin Harvick.

Consumers need not have a mortgage or own a home in order to participate in the Promotion. Both Photo Contest winners and Sweepstakes winners may use or spend their prize winnings however they would like; they are not required to be utilized towards the payment of a mortgage.

"Following the terrific response we received after announcing our partnership with Kevin Harvick and unveiling the No. 4 ditech Chevrolet, we are excited to offer another way for consumers to familiarize themselves with the ditech brand and Stewart-Haas Racing," said Rich Smith, Chief Marketing Officer at ditech. "And having Kevin win the Bank of America 500 over the weekend just adds an even greater dimension to our excitement."

Photo Contest entries will be judged on three factors: creativity and originality; demonstration of how the entrant's home is his or her dream home; and the overall appeal of the entry. Sweepstakes winners will be chosen at random. Both aspects of the Promotion began at 12:00 am ET on Friday, October 10, 2014 and will end at 11:59 pm ET on Sunday, November 16, 2014. For Official Rules of the Promotion, please visit www.ditechracing.com.

About ditech

Ditech Mortgage Corp ("ditech") is a well-known home lender. Headquartered in Fort Washington, PA, the company provides residential mortgage products through a team of home loan specialists who are easily accessible by phone (1-800-700-9212), online and in-person. The company's Correspondent Lending division has a legacy of building successful business solutions and partners with 600+ financial institutions nationwide, providing capital market expertise and financial stability. For more information, please visit www.ditech.com.

About Stewart-Haas Racing

Stewart-Haas Racing is the title-winning NASCAR Sprint Cup Series team co-owned by three-time Sprint Cup champion Tony Stewart and Gene Haas, founder of Haas Automation – the largest CNC machine tool builder in the western world. The team fields four entries in the elite Sprint Cup Series – the No. 14 Bass Pro Shops/Mobil 1 Chevrolet for Stewart, the No. 10 GoDaddy Chevrolet for Danica Patrick, the No. 4 Budweiser/Jimmy John's Chevrolet for Kevin Harvick and the No. 41 Haas Automation Chevrolet for Kurt Busch. Based in Kannapolis, North Carolina, Stewart-Haas Racing operates out of a 140,000-square-foot facility with approximately 270 employees. For more information, please visit us on the Web at www.StewartHaasRacing.com, on Facebook at www.Facebook.com/StewartHaasRacing and on Twitter @StewartHaasRcng.


            

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