GMAC Does Servicing Deal - Mortgage Forums for Mortgage Brokers

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GMAC Does Servicing Deal

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02-22-2006, 02:13 PM

Veronica Corningstone Veronica Corningstone is offline

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GMAC Does Servicing Deal

GMAC Mortgage Corp. recently announced it will handle interim subservicing for Americorp Credit Corp.'s first mortgages and closed-end second mortgages. Under the arrangement, Americorp will originate the loans on a retail and wholesale basis and GMAC will service loans that are held in a portfolio and awaiting sale, according to the announcement.

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