This success, attributed to increased performance in both the non-conforming and buy-to-let products, is almost a 20 per cent increase on last month and over 160 per cent of the volumes in the same period last year. It is the first time the company has passed the milestone in one month.
In addition the business has seen its new Partners range, an initiative designed for the packager market, reach £1 billion in applications just 12 weeks after launch.
GMAC-RFC’s capital markets team continue the ‘billion’ theme, completing three portfolio sales totalling over £1 billion, another monthly record for the business.
Jeff Knight, director of marketing at GMAC-RFC, said: “It’s been a great month for the business and we’re delighted to have reached these significant milestones. However, while numbers are great, it’s the response to the service and products we offer customers that provides the real yardstick for our performance. These figures underline the fact that we are consistently continuing to deliver innovative products and solutions to meet their needs.”
