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GMAC-RFC becomes 12th largest lender

This rise through the rankings marks yet another fantastic 12 months for GMAC-RFC, the lender that provides mortgages for everyone from mainstream through niche to non-conforming.

During 2003 alone, the company advanced £4.8 bn in mortgage loans – a staggering increase of 45% on the previous year, in a market that only grew by 27%.

Stephen Knight, executive chairman of GMAC-RFC, says: “We&#39re delighted to have top 10 lender status in our sights.  Our mortgages for everyone approach continues to be popular, and our decision to launch aggressively priced self-cert products at a time when most other lenders in this sector are retreating demonstrates our commitment to get there soon.

“With highly impressive service levels, the launch of our innovative online decisioning system and constantly improved products we expect this success to continue throughout 2004.”

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