GMAC Comments On Ditech Location Change

GMAC Financial Services has released a statement explaining its decision to move the Ditech business operation to the company's corporate center in Fort Washington, Pa.

Ditech, which is part of GMAC's Residential Capital LLC subsidiary, was underpforming in its previous configuration, and ‘therefore, the company took steps to leverage the capability and capacity in its Fort Washington mortgage facility to improve the performance of this business,’ the statement says.

‘The move is expected to enable improved operational efficiencies in the consumer lending channel by sharing common infrastructure between both the Ditech and GMAC Mortgage activities as the company seeks to improve the performance of its business," the company adds.

SOURCE: GMAC Financial Services


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