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Gmac Mortgage: Profile

GMAC Mortgage Corporation is a wholly owned subsidiary of GMAC Acceptance Corporation (GMAC), which is part of General Motors. GMAC Mortgage is headquartered in Horsham, Pennsylvania. GMAC Mortgage came into existence in 1985.

GMAC Mortgage offers first and second lien mortgages through the brands GMAC Mortgage, ditech.com, and GM Family First (for GM employees, retirees and dealers). GMAC Mortgage is one of the largest residential mortgage servicers in the United States.

Other members of the GMAC family of financial services companies include:

  • GMAC Bank
  • GMAC Real Estate Services
  • GMAC Commercial Mortgage
  • GMAC Global Relocation
  • GMAC Mortgage Subservicing
  • GMAC Bank Wholesale Mortgage Lending
  • CalDirect

As of the second quarter of 2003, GMAC Mortgage ranked in the top ten in the mortgage industry in the following categories: online originations, originators, retail, servicers, and correspondent (source: Broker & Correspondent).

Gmac Mortgage: Notable

Gmac Mortgage is a HUD-approved lender (US Department of Housing and Urban Development).

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