GMAC ResCap
 | |
| Company type | Private |
|---|---|
| Industry | Financial Services, Real Estate |
| Founded | 1982 |
| Headquarters |  Minneapolis, Minnesota, USA |
Key people | Bruce J. Paradis , CEO |
| Products | Mortgages, Mortgage Backed Securities, Asset Backed Securities |
Number of employees | 5000 |
| Website | www.gmacrfc.com |
GMAC-RFC (Residential Funding Corporation) is the mortgage side of the GMAC business, in essence providing funding for residential real estate. Founded in 1982 in the US. It's Corporate headquarters are in Minneapolis, Minnesota respectively. The firm has 5000 employees worldwide, working in the GMAC-RFC part of the company.
Business Operations
Business operations are in the following countries;
Presence in the UK
In the UK GMAC-RFC is the 10th largest mortgage lender, and non-conforming leader. The majority of GMAC-RFC business is through brokers, as the firm has little presence on the high street like its competitors. GMAC-RFC secured £6.34 billion in revenue from its mortgage business in the UK in 2004, and its expected that at the end of the US financial year (2005) in December 2006 that the firm will have doubled that
Awards
GMAC has won numerous awards for the products and services it provides, as well as recognition for its corporate culture.
External Links
- GMAC-RFC Official GMAC-RFC site
- GMAC-RFC UK Official GMAC-RFC UK site