GMAC LLC is an independent, globally diversified financial services Company with operations in approximately 40 countries. The Company operates in three primary lines of business: Global Automotive Finance, Mortgage (Residential Capital, LLC (ResCap)) and Insurance. The Automotive Finance operations offer a range of financial services and products (directly and indirectly) to retail automotive consumers, automotive dealerships and other commercial businesses. Its ResCap operations involve the origination, purchase, servicing, sale and securitization of consumer (residential) and mortgage loans, and mortgage-related products. The Company’s Insurance operations offer automobile service contracts and underwrite personal automobile insurance coverage (ranging from preferred to non-standard risks) and selected commercial insurance and reinsurance coverage.
(Source: 10-K) – less – More from ZoomInfo »