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GMAC-RFC outsources to HLM

GMAC-RFC is cutting up to 130 jobs among its 700 employees in the UK as a result of a deal to outsource post-completion activities to third-party servicing company, Home Loan Management.

It says some of those facing redundancy will be able to take up new posts at HML.

GMAC-RFC says this partnership with HML will help it almost double its business volumes to over £6 billion in the next three years, making it a top ten lender and help it improve its service to intermediaries.

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