GMAC Mortgage LLC, Horsham, Pa., has been chosen to handle the interim subservicing for Loan Center of California Inc., a wholesale mortgage company specializing in nontraditional mortgage products.LCC, a privately held mortgage bank based in Suisun City, Calif., focuses on payment-option adjustable-rate mortgages linked to the monthly Treasury average or the London interbank offered rate, as well as on first- and second-lien alternative-A home loans originated in California. Ed Blanch, president and chief executive officer of LCC, said the company picked GMAC Mortgage for its "unique expertise in servicing alternative loan products." GMAC can be found online at http://www.gmacsolutions.com, and LCC can be found at http://www.rateprice.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry