Industry News executive to speak at Real Estate Connect

GM veteran takes loan origination division to new heights

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Mike McCarthy will speak at Real Estate Connect July 28-30 in San Francisco. Mike McCarthy, general manager of, just might be something of a homebody. He spent his last vacation at his own home, a Mediterranean ranch-style residence he purchased in 2000. His proudest personal accomplishment is his family, and his three children's unfinished and due-the-next-day homework is his chief nighttime worry. But McCarthy isn't all family and no work. He has been an employee of General Motors for 21 years, and he was promoted to his current position as general manager of in May 2000. The Costa Mesa, Calif.-based company's loan volume has grown from $3.7 billion to $22.2 billion in the four years since then, making Ditech one of GMAC's most profitable divisions, according to the company. McCarthy joined GM Insurance in 1983. He transferred to Chevrolet Motor Division as district service manager in 1988, and later was promoted to district sales manager. In 1993, he transferr...