GMAC Mortgage Launches CalDirect

Published May 02, 2003, 2:00 p.m. EDT

1 Min Read

GMAC Mortgage has launched a new division, CalDirect Home Loans, that will be focused exclusively on the California market.The division is GMAC Mortgage’s third -- the company has run DiTech Funding under its original brand name since its acquisition four years ago. CalDirect is a direct mortgage lender whose calling card will be speed, said Richard Gillespie, the chief marketing officer of GMAC Residential. All mortgages will close within 25 days and will have guaranteed low rates, he added.

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