HORSHAM, Pa., Feb. 12 /PRNewswire/ -- GMAC Commercial Mortgage Corporation
(GMACCM) said today Standard & Poor's has ranked its Commercial Master
Servicing Operations as STRONG.
GMAC Commercial Mortgage is currently the only commercial mortgage company
to be recognized by Standard & Poor's with a STRONG ranking across the board
in its primary, special and master servicing. GMACCM's current portfolio at
$53 billion is the largest in the industry and has significant property type
diversification and geographic distribution.
The ranking is based on "GMACCM's superior automation, stringent internal
controls, excellent management depth, documented procedures, and increased
portfolio size," according to Standard & Poor's Kim Betancourt in its most
recent report on GMACCM.
The Standard & Poor's evaluation also recognized that "over the past two
years GMACCM has also strengthened its master servicing infrastructure by
adding a risk management group, a dedicated subservicer compliance group, and
assigning dedicated portfolio managers to oversee designated pools."
Additionally, Standard & Poor's recognized that "the investor reporting
function has been significantly enhanced and the company now offers CSSA
format reporting on its Internet website which allows viewers to download
portfolio data at any time."
GMAC Commercial Mortgage is a wholly owned subsidiary of GMAC. GMACCM is
the nation's leading one-stop financial resource in the commercial mortgage
banking industry. The diverse lending and servicing specialist has more than
40 nationwide offices. GMACCM provides a variety of products and resources
including long-term, interim, and construction financing.
Press releases and other information about GMAC Commercial Mortgage and
its products and services are available at http://www.gmaccm.com on the
Internet. For GMACCM press releases by fax, call 800-758-5804, ext. 122720.
For more information, contact Scott Rombach of GMAC Commercial Mortgage,
215-328-3383.
SOURCE GMAC Commercial Mortgage Corporation
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Related links:
http://www.gmaccm.com
Company News On-Call:
http://www.prnewswire.com/comp/122720.html or fax,
800-758-5804, ext. 122720
CONTACT:
Scott Rombach of GMAC Commercial Mortgage,
215-328-3383
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