GMACCH Tops MBA Commercial Servicer List

GMAC Commercial Holding was the leading commercial mortgage servicer, by total primary and master servicing volume, at the end of 2004, according to data compiled by the Mortgage Bankers Association.GMAC, which had a servicing portfolio of $208.14 billion for the period, was also at the top of the list for 2003. Wachovia is next, at $184.83 billion, followed by Midland Loan Services, with $98.365 billion. (They also held the same positions for 2003.) The association plans to release its servicer rankings data in conjunction with its annual commercial real estate finance/multifamily convention Feb. 6-9 in San Diego. Ranked by commercial mortgage-backed securities primary and master servicing volume, Wachovia topped the list as of Dec. 31 with a servicing volume of $117.56 billion, the MBA reported. GMAC was next, at $111.49 billion, followed by Midland Loan Services at $72.28 billion. The MBA also reported that GMAC ($65.09 billion), GEMSA ($32.40 billion), and Prudential Asset Resources ($24.29 billion) were the largest servicers for life insurance companies and other private investors.