Wells Remains the Nation’s Largest Commercial, Multifamily Servicer

As of June 30, Wells Fargo topped the Mortgage Bankers Association’s midyear ranking of commercial and multifamily mortgage servicers.

Wells is the U.S. master and primary servicer of $431 billion in CRE loans followed by PNC Real Estate/Midland Loan Services with $352.8 billion, Berkadia Commercial Mortgage LLC with $235 billion, KeyBank Real Estate Capital with $165.4 billion and GEMSA Loan Services with $98.4 billion.

According to the MBA ranking, Wells is the largest master and primary servicer of securitized commercial/multifamily loans, collateralized debt obligations and other asset-backed securities, and also holds the largest number of loans in warehouse facilities.

PNC/Midland, KeyBank and Berkadia are the next top-ranking CMBS, CDO and ABS servicers in the country.

Also, PNC/Midland takes the lead as the largest Fannie Mae and Freddie Mac servicers followed by Wells, Walker & Dunlop, KeyBank, Berkadia and Berkeley Point Capital LLC.

The bank is at the top in three other categories: PNC/Midland ranked as the top master and primary servicer of commercial bank and savings institution loans, the largest FHA and Ginnie Mae servicer, and one of the top four named special servicers in the nation.

The largest non-U.S. master and primary servicing or named special servicers by volume at the end of June were LNR Partners Inc., CWCapital Asset Management LLC, C-III Asset Management LLC and PNC/Midland.

LNR Partners also is the largest special servicer for CMBS loans.