GMAC Appoints Two Executives

GMAC Mortgage Corp. has named Michael Squillante vice president of customer operations and Frank Madden director of quality assurance. Both appointments occurred in the company's fast-growing servicing operation, known as National Loan Administration.

In his new position, Mr. Squillante assumes responsibility of the loan integration and escrow functions for GMAC Mortgage's servicing division. Mr. Madden will provide quality assurance oversight to the managing risk division. Both men will be based at GMAC Mortgage's headquarters here.

Mr. Squillante has 25 years of financial services experience, most recently working as a vice president at ING Direct. He has also held vice presidential positions at Provident Mutual Insurance, Advanta Corp. and Chase Manhattan.

Mr. Madden also has 25 years in the business. He was previously senior vice president of loan administration at Cenlar. He also served as senior vice president of servicing at CoreStates Mortgage. Previous to that he worked for GMAC.

GMAC's servicing portfolio of more than $198 billion represents two million customers throughout the nation.

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