Wachovia Tops Commercial Servicer List

The Mortgage Bankers Association's ranking of top commercial and multifamily mortgage loan servicers places Wachovia at the top of the list in total primary and master servicing volume, at $233.2 billion.Following Wachovia are GMAC Commercial, with $231.5 billion, Midland Loan Services, with $159 billion, and Wells Fargo, with $95.5 billion. (They are also the top four primary and master servicers for commercial mortgage-backed securities.) Rankings of servicing for life company loans place Prudential Asset Resources at the head of the list, the trade group reported, followed by GMAC, NorthMarq Capital, and Q10 Capital. Deutsche Bank is ranked No. 1 for servicing of Fannie Mae and Freddie Mac loans, followed by Washington Mutual, GMAC, and ARCS Commercial Mortgage. Wachovia is No. 1 for servicing of commercial bank and savings institution loans. The MBA can be found online at http://www.mortgagebankers.org.