New Financial Chief named by GMAC Mortgage
Written by JDPGlobal | Tuesday, 20 September 2005
General Motor Corp’s GMAC Mortgage unit has named Dave Bricker as the chief financial officer. It had also divided the post of chief operating officer into two positions. The previous CFO of General Motors would serve as the chief operating officer.
According to Erica Stoddard, a spokeswoman, the increase in the number of business volumes was the cause of the split. Jim Whitlinger was named as the chief accounting officer and the senior vice-president.Griffith is the vice-president and also the managing director of servicing valuation and analytics.
GMAC Mortgage, which is based in Horsham, is a part of a company called Residential Capital Corp. It was formed by the General Motors Acceptance Corp in order to utilize the bond markets. By the end of December 2004, $89 billion was originated by the GMAC Mortgage in the area of residential mortgages. 2 million customers are represented by the company’s servicing portfolio of about $214 billion.
