GMAC Revamps Subservicing Team

GMAC Mortgage, the nation's second-largest subservicer, has realigned subservicing responsibilities within its business development division.As part of the new leadership, Ray Morris has been appointed vice president of sales and marketing. Ty Miller will serve as vice president for client relationship management. For the past year, Mr. Morris served as director of strategic partnerships at GMAC, where he was responsible for establishing key subservicing accounts. In his new position, Mr. Morris will lead the team that is developing all third-party subservicing arrangements. Mr. Miller will lead GMAC Mortgage's CRM team, managing daily interaction with subservicing clients. Mr. Miller has been with GMAC Mortgage for seven years, serving most recently as vice president for sales and prior to that as site director for default administration. GMAC's subservicing portfolio exceeded $54.2 billion at the end of the third quarter.