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GMAC-RFC’s lending tops £12bn

GMAC-RFC’s lending for 2006 has topped the £12bn mark, with its year-on-year growth of 75% beating the market five-fold.

The Residential Capital Corporation subsidiary believes its five-fold growth to be the highest of any major lender in 2006.

Jeff Knight, director of marketing at GMAC-RFC, says: “Our success in 2006 was about product and delivery innovations, where we have had led the market on both fronts.

“Unusually, this explosive growth has been accompanied by several awards for service excellence.

“In fact, we received a record number of 20 industry awards last year, which is a true testament that we are providing the intermediaries and packagers the products, service and technology they need to enhance their own service and reputation.”

Its 2006 lending figure of £12.1bn has yet to be audited.

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