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Home » Store » Taxable » GMAC Plans to Ramp Up Special Servicing Business in Declining New Production Era

GMAC Plans to Ramp Up Special Servicing Business in Declining New Production Era

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Rather than compete with other businesses struggling to carve out a bigger piece of the increasingly competitive purchase-money mortgage market, officials at GMAC Mortgage are looking at boosting the firm’s special servicing business. In an initiative to improve efficiency and profitability, GMAC has taken its first mortgage servicing, consumer servicing and special servicing and combined them onto a single platform. That was a “revolutionary” step for a mortgage banker to take, according to Bill
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