GMAC Commercial Mortgage Receives Top Industry Lender Awards At Mortgage Bankers Association Conference.Business Editors HORSHAM, Pa.--(BUSINESS WIRE)--March 13, 2002 GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage Corporation (GMACCM) producers and branch offices were honored with some of the industry's top lender awards for 2001 production achievements at the annual Mortgage Bankers Association held last month in Orlando, Fla. Taking top honors in GMACCM's Dallas branch office were Charlie Robinson Charles Henry Robinson (July 27, 1856 in Westerly, Rhode Island - May 18, 1913) was a 19th century Major League Baseball catcher during the 1884 & 1885 seasons. See also
LLC - Logical Link Control , for production of $58 million, and Mike Bryant Michael James Bryant (Mike Bryant) (born May 1, 1960, High Wycombe, Buckinghamshire, England[1]) is an English electronic musician and one of the co-founders of the electronic music group Fluke along with Jon Fugler and Mike Tournier. , who won Allstate Investment's Apartment Deal of the Year award for the $22 million financing of The Preserve at Deerfield in Atlanta, Ga. Allstate also honored GMACCM's Dallas branch for the third largest production volume nationwide at $83 million. In addition, the Dallas branch received Nationwide Life Insurance Company's award for most co-brokered loans, which totaled $71 million. GMACCM's Texas Region, which includes Austin, Dallas and Houston, was honored as a member of AmerUs Capital Management's Top Producer's Club. The Texas Region also received an award from StanCorp Mortgage Investors, LLC, for loan production exceeding $10 million. Bob Toland of GMACCM's Chicago branch office received Nationwide Life Insurance Company's award for producing the company's largest single loan last year, totaling $40 million. Nationwide also honored GMACCM's San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. branch with its "On Your Side" award. Mass Mutual honored Tom Cohen Tom Cohen, also known as Gnuth, is an Israeli Musician who is the founding member of the electro-industrial music band Observe & Control. In addition to his work with Observe & Control, Tom has had several side projects, including Zero Knowledge, SuperMarche, Vaadat of GMACCM's Kansas office as one of its top 25 producers nationwide. Delaware Lincoln awarded GMACCM's San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. branch its "Biggest Deal" award for a loan totaling $38.8 million, and also honored San Jose as the second largest volume correspondent nationwide with $67 million in production last year. GMACCM also took top honors from Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. , receiving the highest award for overall national production totaling $2.3 billion for 184 loans. The company also won the award for the largest single Freddie Mac loan nationwide involving the $205 million financing of the Fresh Meadows apartment complex in Queens, N.Y. In addition, GMACCM won its fourth consecutive award as Freddie Mac's top producing Program Plus lender nationwide. The company's Philadelphia branch office took the award for largest individual production by any one office for Program Plus services with financing totaling $426 million for 58 loans. In addition, GMACCM's Richmond branch was honored as the top producing branch in Freddie Mac's southeast region with $280 million in financing for 18 loans. GMAC Commercial Mortgage, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GMAC Commercial Holding Corp, is the leading U.S. financial solutions provider serving commercial real estate borrowers and investors seeking relationship-based advice and consultation. GMACCM is an industry leader in loan origination, servicing, asset management and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. of commercial mortgages. The diverse lending and servicing specialist and its affiliates have more than 85 offices worldwide. GMACCM has a servicing portfolio exceeding $134 billion, and provides a variety of financing products and services including permanent, interim, and construction lending, with specialized lending units focused on healthcare and hospitality as well as e-commerce offerings through Internet commercial mortgage lending. News releases and other information about GMAC Commercial Mortgage and its products and services are available at http://www.gmaccm.com on the Internet. |
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