The Mortgage Bankers Association (MBA) has released its mid-year ranking of commercial and multifamily mortgage servicers’ volume as of June 30. Wells Fargo Bank N.A. was at the top of the list with $502.2 billion in U.S. master and primary servicing.
Wells was followed by PNC Real Estate/Midland Loan Services, which had $499.1 billion; Berkadia Commercial Mortgage LLC with $220.6 billion; KeyBank N.A., which reported $195.4 billion; and CBRE Loan Services with $108.3 billion.
Wells Fargo, PNC/Midland, KeyBank and Berkadia were the largest master and primary servicers of commercial/multifamily loans in U.S. commercial mortgage backed securities (CMBS), collateralized debt obligations (CDO) and other asset-backed securities (ABS).
PNC/Midland, CBRE Loan Services, Prudential Asset Resources and MetLife were the largest servicers for life companies.
Meanwhile, PNC/Midland; Wells Fargo; Walker & Dunlop, LLC; and Berkeley Point Capital, LLC were the largest Fannie Mae servicers. Wells Fargo, PNC/Midland, KeyBank and CBRE Loan Services were the largest Freddie Mac servicers.
PNC/Midland ranked as the top master and primary servicer of commercial bank and savings institution loans; of loans for the credit companies, pension funds, real estate investment trusts (REITs), and investment funds; and of loans for FHA and Ginnie Mae.
Wells Fargo was the top servicer for loans held in warehouse facilities.
Berkadia was at the top for other investor type loans.
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