They bring the panel total to 52 lenders, making it one of the largest of any network.
John Lee, head of sales and marketing at Genesis, says: "Genesis is in discussions with a number of new lenders, in both the residential and commercial sectors. We are receiving considerable interest in our AR proposition and these lenders recognise the value of having access to our appointed representative network.
"For intermediaries, this guarantees that they have access to a panel of lenders that is representative of the whole market, ensuring they can provide competitive products for all their clients needs, while giving them the flexibility on submission route to the lender; direct to lender, online or packaged. The quality of applications and packaging is important, and we have regular review meetings with our lenders ensuring that benchmarks are exceeded. Equally service is key to intermediaries and we continually monitor feedback, acting on the information to ensure that our service levels remain consistently high."
GMAC is a long-standing member of the Genesis panel.
GMAC Sales Director Godfrey Blight said: "We have a long-standing business relationship with Genesis. Business volumes have consistently met expectations, both in terms of quality and quantity. With regard to the latter, that has perhaps been because of the extremely competitive position our products have maintained".
Genesis is currently recruiting appointed representatives and packagers to the Genesis Approved Network.
