GMAC Bank has adopted a new technology system designed to store secure electronic mortgages, the bank said today.

The Pennsylvania-based national bank plans to put Houston-based Encomia’s Vault module, an electronic storage system, into use as part of its overall mortgage note custodial services, GMAC Bank said.

The Vault module provides secure documentation authentication through smart cards and digital certificates and complies with critical encryption standards, the company said. GMAC Bank’s Document Custody Division will be using the technology.

“Implementing the Vault module is a natural fit for the GMAC Bank culture, which values customer service, responsiveness and continuous process improvement,” said Barbara Krawczun, vice president of GMAC Bank, Trust Operations, in a statement.

“GMAC Bank has an innovation culture and sees the value of being an early adopter of this new technology and business approach,” Krawczun said.

Concern over identity theft has skyrocketed in the wake of scandals last year over information theft from ChoicePoint and LexisNexis, among others. Late last year, the nonprofit Identity Theft Resource Center in San Diego reported 110 security breaches affecting 56.3 million individuals in the United States.

GMAC Bank is a wholly owned subsidiary of Residential Capital Corp., a leading real estate finance company based in Minneapolis, which is an indirect wholly owned subsidiary of General Motors Acceptance Corp. (GMAC). Residential Capital’s businesses include GMAC Mortgage, GMAC Real Estate,, GMAC Bank, GMAC-RFC Securities and Homecomings Financial.

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