News release

Contact:
Peter Brooker
Public Affairs Director, Experian International
(+44) (0) 115 934 4548 Tel
peter.brooker@uk.experian.com Email

GMAC-RFC stays one step ahead with Experian

Mortgage provider extends relationship with three-year deal

Nottingham, UK, 9 April - GMAC-RFC has renewed its contract with Experian®, the global information services company, for a further three years, in which Experian will provide GMAC-RFC with bureau information, ID authentication and anti-money laundering services.

Experian’s technology allows mortgage lender GMAC-RFC to make real-time decisions on mortgage applications, resulting in an instant response for its customers and prospects. The data returned by Experian provides a seamless authentication process for GMAC-RFC. This saves time by removing the need for dual keying of data and eliminating the need for paper copies of identification in the majority of cases.
 

“Having the data available instantaneously is key to our online service proposition,” says David Botting, Operations Managing Director at GMAC-RFC.  “Experian’s technology helps us analyse customer information in an in-depth yet efficient way and ensures we make responsible decisions.”

“GMAC-RFC is able to process applications on its own front-end systems while using Experian’s data and decision-making technology behind the scenes,” says Peter Brooker, Public Affairs Director at Experian.  “Our continued relationship with GMAC-RFC pays testimony to Experian’s reputation in the market place, both for the depth and quality of our data and for the innovative, leading edge products we provide. The current economic uncertainty means it is more important than ever for lenders to make accurate lending decisions and this partnership with GMAC-RFC will enable the company to do just that.”

ENDS

For further press information please contact:
ANNA MOSELEY OR RACHEL HODGSON, LEWIS PR, Millbank Tower, London. SW1P 4RS. Tel: 020 7802 2626. Email: annam/rachelh@lewispr.com

 

The word ‘Experian’ is a registered trademark in the EU and other countries and is owned by Experian Ltd and/or its associated companies.

 

GMAC-RFC Ltd:
* GMAC-RFC is a wholly owned subsidiary of GMAC ResCap, a leading provider of real estate finance worldwide (global lending $122 billion 2007).

A top ten lender in the UK, GMAC-RFC offers mortgage products in all sectors through its market leading point of sale mortgage offer technology (POSO).

* In 2007, GMAC-RFC received 29 industry awards, including the Financial Adviser five star service awards for service excellence, Best online mortgage provider, and Best on-line IFA tool B2B.

* The Company was a winner in the "Sunday Times Best 100 Companies to Work For " and  "The Guardian Britain's Top Employers"  awards for two years running

* GMAC-RFC is committed to the communities it operates within and in 2007 supported 62 charities, including funding debt counsellors for the Citizens Advice Bureau to help borrowers in difficulty, whoever their lender may be.

Illustrate with: photo of David Botting; GMAC-RFC logo;

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