The top four commercial real estate and multifamily mortgage loan servicers grew their portfolios compared with the prior year, benefitting from the
Wells Fargo Bank and PNC Real Estate/Midland Loan Services are atop of the rankings of commercial real estate and multifamily mortgage servicers.
Berkadia Commercial Mortgage LLC, whose servicing portfolio was nearly $243 billion as of June 30, ranked third. Also on the top ten list: KeyBank NA with a $167.1 billion portfolio; GEMSA Loan Services, L.P. with $95.7 billion; Prudential Asset Resources with $74.6 billion; NorthMarq Capital $42.5 billion; Walker & Dunlop, LLC with $39.8 billion; HFF LP with $35.3 billion; and MetLife with nearly $34 billion.
PNC is the nation's largest servicer of commercial bank/savings institution portfolio loans with nearly $37 billion, followed by KeyBank with $17.8 billion and HSBC Bank USA NA with $12.7 billion. PNC also was the largest servicer of Federal Housing Administration/Ginnie Mae loans, $15.3 billion; and mortgages originated by life insurance companies, nearly $41.8 billion. Berkadia and KeyBank also grew their portfolios from last year, while GEMSA's declined by almost $3 billion.
In addition PNC was the top ranking servicer of: credit-company, pension funds, REITs, and investment funds loans with a total volume of $25.5 billion; and the largest servicer of Fannie Mae loans with a total portfolio of $49.2 billion, nearly double the volume serviced by Wells, which ranked second in this category with $27 billion.
Wells Fargo was the leading servicer of securitized CRE loans, at $330 billion, while PNC is second at $131.4 billion and KeyBank ranked third at $107.6 billion.
Wells also is the No. 1 Freddie Mac multifamily loan servicer at $49 billion; PNC ranked second with $34.5 billion. And Wells had the largest portfolio of servicing rights on loans held in warehouse (which MBA defines as loan not categorized elsewhere), at $21.6 billion.
LNR Partners LLC was the largest