HORSHAM, Pa., Feb. 5 /PRNewswire/ -- Fitch IBCA, one of the world's most
prominent credit rating agencies, has affirmed GMAC Commercial Mortgage
Corporation's master servicing rating and rated GMACCM's Asset Management
Division "Superior". Each of these is Fitch IBCA's highest possible rating.
In announcing the ratings, the agency explained that they reflect the special
servicer's expertise and success managing and liquidating non-performing
mortgage loans and real estate-owned assets (REO). Fitch IBCA also cited what
it described as GMACCM's proactive approach to risk management, its solid
information systems and seasoned management team, and the strong balance sheet
of its parent, General Motors Acceptance Corporation.
"By awarding our loan servicing operations its highest possible rating,
Fitch IBCA confirms our capabilities as a special servicer," noted Eric
Lindner, executive vice president. "The commitment we share to providing
clients with leadership, innovative financial products and superior service is
a major reason why GMAC Commercial Mortgage has rapidly become the nation's
largest commercial mortgage banker and diversified real estate services
company."
Starting out as a separate business unit in late 1994, when it maintained
four offices and reported $5 billion in loan servicing, the diverse lending
and servicing specialist today has a commercial servicing portfolio in excess
of $40 billion and operates 34 origination offices in key markets nationwide.
The Mortgage Bankers Association has ranked GMAC Commercial Mortgage number
one among more than 200 companies surveyed, and Standard & Poor's has also
awarded GMACCM's loan serving operation its highest possible rating.
Headquartered in Horsham, Pa., a suburb of Philadelphia, GMACCM serves a
wide array of markets and is a direct lender and correspondent for life
insurance companies and pension funds. In addition, the company is one of the
nation's leading approved lenders for FHA, Fannie Mae and Freddie Mac.
News releases and other information about GMACCM, its products and services
are available through the Internet at http://www.gmaccm.com.
For GMACCM news releases by fax, call 800-758-5804, ext. 122720.
SOURCE GMAC Commercial Mortgage Corporation
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Related links:
http://www.gmaccm.com
CONTACT:
Scott Rombach, vice president of Public
Relations, GMAC Commercial Mortgage
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
122720
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