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Americorp Hires GMAC for Interim Servicing of Home Loans.(Brief Article)

Mortgage Servicing News

| March 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Horsham, PA -- GMAC Mortgage Corp. will handle interim subservicing for Americorp Credit Corp.'s first mortgages and closed-end second mortgages.

"Americorp chose GMAC Mortgage because of our strong reputation in the subservicing industry," said Tom Donatacci, senior vice president of business development. "Our solid focus on the customer and capability to service multiple products on an interim basis were driving factors in this strategic business decision."

A nationwide lending institution, Americorp employs high-quality technology and proprietary software systems to serve customers in all areas of mortgage banking. "The GMAC Mortgage-Americorp partnership will allow Americorp to concentrate on in-house originations, while enabling vital ...

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Source: HighBeam Research, Americorp Hires GMAC for Interim Servicing of Home Loans.(Brief...

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