GMAC Mortgage Adds Industry Veterans To Enhance Subservicing Team
GMAC Mortgage, LLC, the nation’s second largest subservicer, has added two mortgage banking veterans to its servicing operation. Connie Miller will serve as director of contract administration, and Louis Glinn will serve as director of analytics and controls.
Miller and Glinn will report to GMAC Mortgage’s Wes Howland, who recently moved from vice president of client relationship management to vice president of contract finance. In his new position, Howland will be responsible for finance, analysis and contracts within business development.
With over 22 years of mortgage banking experience, Miller served most recently as senior vice president over conduit bulk operations at Aurora Loan Services. Prior to joining Aurora, she was senior vice president at Phoenix Capital, where she closed all servicing sales and acquisition deals. At GMAC Mortgage, Miller will be responsible for the administration and negotiation of all subservicing-related contracts, as well as working with the servicing business units to ensure operational alignment with contractual requirements.
An 18-year industry veteran, Glinn served most recently in Chase Home Finance’s Servicing Acquisitions group, where he served as vice president of financial reporting, analysis, budgeting, MIS functions, risk management and oversight. At GMAC Mortgage, he will be responsible for implementing management controls and enhancing business analytics to ensure continued growth and dedicated client service.
According to the National Mortgage News Quarterly Data Report, GMAC Mortgage had a subservicing portfolio in excess of $54.2 billion at the end of the third quarter 2006, increasing its UPB (unpaid principal balance) by 61 percent from the third quarter 2005. The company offers interim and retained subservicing for a variety of products and asset grades, providing private labeled or GMAC Mortgage-branded servicing.
About GMAC Mortgage Subservicing
GMAC Mortgage, LLC, based in Horsham, Pa., is an indirect wholly owned subsidiary of GMAC ResCap (Residential Capital, LLC). The company is ranked among the nation’s top ten residential mortgage servicers and originators, and is the second largest subservicer in the country. Among its core competencies, GMAC Mortgage has established itself as a leader in the development, implementation and administration of customized subservicing programs for financial institutions, government sponsored enterprises, specialty finance companies, insurance companies, utility companies and investment banking firms. The company offers a full range of branding options to support the servicing of multiple products, including first mortgages, home equity loans and lines and unsecured consumer credit, as well as multiple asset grades, including nonprime and nonperforming loans. For more information about GMAC Mortgage Subservicing, contact 1.877.300.GMAC or visit http://www.gmacsolutions.com/. GMAC Mortgage is a licensed mortgage lender and an Equal Housing Opportunity Lender.