Wachovia Tops Commercial Servicer List

Wachovia Securities was the largest commercial and multifamily mortgage servicer as of midyear, at $356.6 billion in primary and master servicing volume, according to the Mortgage Bankers Association.According to the Washington-based trade association's midyear update, the other large commercial mortgage servicers are: Capmark Finance ($252.3 billion), Midland Loan Services ($245.5 billion), Wells Fargo ($153.2 billion), and KeyBank Real Estate Capital ($133.2 billion). Breaking out the rankings by the largest master and primary servicers of U.S. commercial mortgage-backed securities, collateralized debt obligation, and other asset-backed securities, Wachovia, Capmark, Midland, Wells Fargo, and Bank of America are the largest servicers, the MBA reported. While in the past the midyear update has focused on large servicers of CMBS loans, this year's update was expanded to include all large commercial/multifamily servicers, regardless of investor group, the MBA said. The association can be found online at http://www.mortgagebankers.org.