Residential Capital, LLC · Minneapolis, MN United States
Company Description
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This link will open in a new window Residential Capital (ResCap) is the holding company for most of the residential mortgage operations of GMAC , the lending arm of auto maker General Motors (GM). The company originates, services, and securitizes mortgage loans in the US and abroad. It also issues mortgage- and asset-backed securities and provides lines of credit to other residential mortgage writers. The company's Business Capital group provides financing to residential land developers and homebuilders, as well as to resort developers. ResCap originates loans through its direct network under the GMAC Mortgage and ditech brands. To read the full description, subscribe now.
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Key Residential Capital, LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
| Employees | 6,100 |
Residential Capital, LLC Executives
14 executives listed for Residential Capital, LLC's Minneapolis, MN location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Thomas Marano | Network |
| Vice Chairman | Joshua Weintraub | Network |
| COO | Tony Renzi | Network |
Competition
Competitive Landscape for Residential Capital, LLC
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top Residential Capital, LLC Competitors
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