GMACCM Tops MBA Commercial Servicer Ranks

GMAC Commercial Mortgage was the top commercial mortgage servicer at the end of 2003, with a total servicing portfolio of $213.7 billion, the Mortgage Bankers Association has reported.Wachovia Securities ($120.2 billion), Midland Loan Services ($83.3 billion), and GEMSA Loan Services ($61.0 billion) were the other top-ranked servicers for the period (based on total master and primary servicing volume), the association said. The largest servicers for life company and other private-investor loans are: GMAC, GEMSA, Prudential Asset Resources, and Midland. Washington Mutual, Berkshire Mortgage Finance, GMAC, and ARCS Commercial Mortgage top the list of Fannie Mae/Freddie Mac servicers, the MBA said. And the largest Federal Housing Administration servicers are GMAC, Reilly Mortgage Group, Prudential, Midland Loan Servicing, and Greystone Servicing. Lennar Funding, Midland, GMAC and ARCap REIT are the leading "named special servicers" who will service the loans when problem situations arise.