DiTech Names President After IPO Filing

DiTech Funding Corp. named Scott Carnahan, a former partner at KPMG Peat Marwick LLP, as president, a month after the Irvine lender filed to sell a minority stake in a $110.4-million initial public stock offering.

Carnahan was formerly director of asset-backed securitization at KPMG, where he worked for 16 years. In his new position, he will report to Paul Reddam, DiTech’s chief executive officer. Carnahan will direct DiTech’s operations nationwide.

DiTech makes, sells and services mortgage loans.