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GMAC to Absorb Homecomings' Servicing Platform.(GMAC Mortgage)(Homecomings Financial)(Residential Capital Management L.L.C.)
MINNEAPOLIS -- Residential Capital, the parent company of GMAC Mortgage and GMAC-RFC, said it is integrating the mortgage servicing operations of Homecomings Financial and GMAC-RFC master servicing, and GMAC Mortgage into a single "debt servicing utility" for all of ResCap's domestic servicing portfolios.
GMAC said the DSU, which runs on Fiserv's MortgageServ loan servicing technology, is capable of supporting any loan product, including mortgages, consumer loans and leases. It is also adaptable for different investor requirements. GMAC said the DSU will enhance customer service and provide more choices for subservicing clients and investors through improved asset performance and more efficient operations.
Tony Renzi, chief operating officer for ResCap's residential finance group, said the DSU will provide GMAC's associates with better technology and tools, increasing the speed and volume of portfolio information available to the associates and expanding the flexibility of servicing systems.
GMAC Mortgage services about 2.4 million households nationwide and Homecomings Financial services about 850,000 customers. The company's master ...
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- Press release article from: Business Wire February 17, 2006 700+ words
...About Homecomings Financial Homecomings Financial Network, Inc. (Homecomings Financial) is a business unit within...businesses - GMAC-RFC, GMAC Mortgage, Ditech.com, GMAC Bank, and Homecomings Financial - cover the spectrum of...
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- Press release article from: Business Wire June 5, 2006 700+ words
...Homecomings Financial Homecomings Financial (www.hfwholesale...funding solutions. Homecomings Financial is a business...GMAC-RFC, GMAC Mortgage, ditech.com...GMAC Bank, and Homecomings Financial - cover the spectrum...
- TNB CARD SERVICES, HOMECOMINGS FINANCIAL SIGN AGREEMENT.(Brief Article)
- Newspaper article from: Cardline August 31, 2001 700+ words
...signed an agreement to issue a platinum MasterCard to home-equity loan customers of Homecomings Financial Network Inc., which is owned by GMAC Mortgage Corp. Customers will be able to use the card to access their home-equity lines of...
- The Justice Department Resolves Investigation Under Servicemembers Civil Relief...
- Magazine article from: Women's Health Weekly January 1, 2009 700+ words
...of its investigation of Homecomings Financial, LLC (Homecomings...nationwide." Homecomings and GMAC Mortgage, LLC now will waive prepayment...serviced by Homecomings or GMAC Mortgage, LLC with respect to which...penalty: Homecomings or GMAC Mortgage, LLC or either ...
- Homecomings Financial Announces Enhanced Integration of Assetwise Direct and...
- Press release article from: PR Newswire February 22, 2007 700+ words
...MINNEAPOLIS, Feb. 22 /PRNewswire/ -- Homecomings Financial, LLC and Calyx Software(R...integration of Assetwise Direct(SM), Homecomings Financial's(SM) automated loan evaluation...for brokers to do business with Homecomings Financial on an automated basis. This enhanced...
- Homecomings Financial Goes Paperless.
- Press release article from: Business Wire September 28, 2006 700+ words
...with new technology offered by Homecomings Financial(SM), a leading wholesale funding...from origination through closing. Homecomings Financial has selected BlitzDocs[R] as...wholesaler's loan applications. Homecomings Financial's imaging solution offers a secure...
- Homecomings Financial Receives Moody's Highest Primary Servicer Designation;...
- Press release article from: PR Newswire May 20, 2002 700+ words
MINNEAPOLIS -- Homecomings Financial(SM), a wholly owned...MNF002 ) Moody's assigned Homecomings Financial its highest rating, SQ1...lien mortgage loans. Homecomings Financial also received Moody's...
- Homecomings Financial Receives S&P'S Highest Residential Mortgage Servicer...
- Press release article from: Business Wire August 19, 2002 700+ words
...Service to Borrowers and Investors Homecomings Financial(SM), a wholly owned subsidiary...conducted a comprehensive evaluation of Homecomings Financial's primary loan servicing capabilities...Capital Group, which includes Homecomings Financial. "Our business is founded on...