Online Bank Info

GMAC

By Oliver Smith on September 20th, 2013   

GMAC Inc., which is now known as Ally Financial Inc., is a financial services company based in Detroit, Michigan. GMAC has long been recognized as a leading auto financing company worldwide since this is what necessitates the establishment of General Motor Acceptance Corporation by General Motors Corporation in 1919. In later years, the company expanded its portfolio to offer services in general banking, mortgage, insurance, correspondent lending and commercial financing.

GMAC Mortgage LLC was formed in 1985 after the acquisition of Colonial Mortgage Service Companies and Norwest Mortgage, Inc. It also acquired Ditech.com, a web-based platform to offer mortgage products and services online, and finally the entire mortgage operation was reorganized into Residential Capital (ResCap) in 2005.

GMAC Bank was established in 2000 with an aim to provide services for interest checking account, certificates of deposit (CDs), money market account and online savings account. Alongside these establishments, the company continued to rank among the finest providers of global automotive services with specialization in key areas that include auto financing, vehicle leasing, vehicle remarketing and dealer products & services.

Following a change in the brand name, the bank holding company came to be known as Ally Financial Inc and the banking unit as Ally Bank since 2009. The mortgage operation, however, continued to function under the GMAC Mortgage and Ditech brand names. There also exists a separate GMAC Real Estate that specializes in asset management and bank owned properties.

Browse our website Online Bank Info to obtain resources on GMAC branches & locations, careers, routing numbers, customer service phone numbers, auto payment solutions, online banking login process, mortgage payoff, short sale, foreclosures and various financial calculators. You will also find updated information on mortgage and CD rates, career & job opportunities, branch addresses and more in various pages of our website.