GMAC Mortgage Corp. has hired a relative unknown to head the retail side of its home equity lending.

Willem J. Nieuwkerk, 35, joined the Elkins Park, Pa., lender last month and took over its retail home equity operation in March.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.