Taps Pegasystems to provide rules-driven technology
Cambridge, MA — February 14, 2005 — GMAC-RFC, a wholly owned subsidiary of GMAC Financial Services, said it has selected Pegasystems Inc.'s PegaRULES Process Commander solution as part of an initiative to provide rules-driven technology that enhances the company's business process management capabilities.
GMAC-RFC is a leading private issuer of mortgage-backed securities and mortgage-related loan asset-backed securities, and is the No. 1 warehouse lender in the United States. The company uses its strengths in securitization, lending and investment to offer a broad portfolio of innovative capital solutions to businesses in a variety of markets.
GMAC-RFC said it chose Pegasystems after a nine-month selection process. The contract was finalized in the fourth quarter of 2004.
"It's an honor to be chosen by one of the world's most prestigious financial services companies," said Michael Wallrich, senior vice president of Global Sales, Pegasystems.
GMAC-RFC is headquartered in Minneapolis and operates in the United States, Canada, Mexico, United Kingdom and Continental Europe.