Wells Fargo Leads MBA Mid-Year Commercial/Multifamily Servicer Rankings

The Mortgage Bankers Association today released its mid-year ranking of commercial and multifamily mortgage servicer volumes as of June 30.

At the top of the list of firms is Wells Fargo Bank NA with $654.0 billion in master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $599.7 billion; KeyBank National Association with $229.4 billion; Berkadia Commercial Mortgage LLC with $216.1 billion; and CBRE Loan Services with $177.3 billion.

Other rankings:

–Among servicers with retained or purchased servicing of U.S. mortgaged, income-producing properties, Wells Fargo, PNC/Midland and KeyBank led largest primary and master servicers for commercial mortgage-backed securities, collateral debt obligations or other asset-backed securities loans;

–Cohen Financial, a Division of SunTrust Bank, is the largest for credit company, pension funds, real estate investment trusts and investment fund loans;

–Wells Fargo, Walker & Dunlop and Berkadia are the largest for Fannie Mae loans;

–Wells Fargo and KeyBank are the largest for Freddie Mac loans;

–Red Mortgage Capital LLC, Walker & Dunlop and Berkadia are the largest for FHA & Ginnie Mae loans;

–HFF LP, NorthMarq Capital, and CBRE for life insurance company loans;

–Wells Fargo for loans held in warehouse.

–PNC and Wells Fargo are the largest named special servicers.

–Wells Fargo, PGIM Real Estate Finance and MetLife are the top servicers for loans held in own portfolio, U.S. mortgaged, income-producing properties.

–PNC and Berkadia are the top fee-for-service primary and master servicers of U.S. mortgaged, income producing properties;

–Wells Fargo and Capital One Financial Corp. rank as the top master and primary servicers of other types of commercial real estate related assets located in the United States; and

–Situs and CBRE are the top primary and master servicers of non-US CRE-related assets.

A primary servicer is generally responsible for collecting loan payments from borrowers, performing property inspections and other property-related activities. A master servicer is typically responsible for collecting cash and data from primary servicers and then providing that cash and data, through trustees, to investors. Unless otherwise noted, MBA tabulations that combine different roles do not double-count loans for which a single servicer performs multiple roles. The tabulations can and do double-count across servicers’ loans for which multiple servicers each fulfill a role.

The report includes a ranking of more than 100 master and primary servicers. The full report can be downloaded here.