1st National Bank of Arizona has selected GMAC Mortgage Corp. to subservice mortgage loans.FNBA is a privately held bank that focuses on alternative-A lending. GMAC Mortgage specializes in subservicing multiple products and asset grades on one system. Ranked as the country's third-largest subservicer, GMAC Mortgage had a subservicing portfolio in excess of $41.8 billion at the end of March. FNBA's wholesale, correspondent, and warehouse divisions lend in 49 states. The bank, which has $3.4 billion in assets, can be found online at http://www.fnbavenue.com.
Arizona Bank Chooses Subservicer
June 27, 2006, 2:00 p.m. EDT 1 Min Read
