GMAC Launches Wholesale Web Application

Horsham, Pa.-based GMAC Bank's wholesale lending unit launched a Web application called Get Scenario, available to its broker and correspondent customers, which enables users to enter loan level data attributes and almost instantly receive a list of eligible products for sale through GMAC Bank.Get Scenario was also designed for enhanced ease and efficiency in the loan registration process. First, GMAC Bank correspondents and brokers login to http://www.gmacbankwholesale.com. Second, users enter a few pieces of their customer's loan information, and a requested final rate or final price. From there, the Get Scenario application will provide a list of eligible products, which users can click on to get more information. Users then click on the price and are provided detailed pricing and loan attribute detail. Further, if GMAC Bank customers are not sure if the recommended product is the best option for their borrowers, they can alter the data and view another potential set of products. Lastly, when users find the product for their borrower they are most satisfied with, they can register and lock the loan directly from the application.