The WPJ
Commercial Real Estate News
Top U.S. Commercial Mortgage Servicers of 2018 Revealed
Wells Fargo Leads National Rankings Again
According to the Mortgage Bankers Association's newly released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2018); Wells Fargo leads the national rankings, again.
As reported at the MBA's annual 2019 Commercial Real Estate Finance/Multifamily Housing Convention & Expo in San Diego this week, shows Wells Fargo Bank N.A., with $675.3 billion in master and primary servicing in 2018, followed by PNC Real Estate/Midland Loan Services ($612.4 billion), KeyBank N.A. ($256.6 billion), Berkadia Commercial Mortgage LLC ($235.9 billion) and CBRE Loan Services ($189.4 billion).
MBA ranked servicers with retained or purchased servicing of U.S. mortgaged, income-producing properties in the following categories:
According to the Mortgage Bankers Association's newly released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2018); Wells Fargo leads the national rankings, again.
As reported at the MBA's annual 2019 Commercial Real Estate Finance/Multifamily Housing Convention & Expo in San Diego this week, shows Wells Fargo Bank N.A., with $675.3 billion in master and primary servicing in 2018, followed by PNC Real Estate/Midland Loan Services ($612.4 billion), KeyBank N.A. ($256.6 billion), Berkadia Commercial Mortgage LLC ($235.9 billion) and CBRE Loan Services ($189.4 billion).
MBA ranked servicers with retained or purchased servicing of U.S. mortgaged, income-producing properties in the following categories:
- Wells Fargo, PNC/Midland and KeyBank led largest primary and master servicers for commercial mortgage-backed securities, collateralized debt obligations or other asset-backed loans;
- Cohen Financial led for credit company, pension funds, real estate investment trusts and investment fund loans;
- Wells Fargo, Walker & Dunlop and Berkadia led for Fannie Mae loans;
- Wells Fargo and KeyBank led for Freddie Mac loans;
- Red Mortgage Capital LLC, Walker & Dunlop and Berkadia led for FHA & Ginnie Mae loans;
- HFF LP, NorthMarq and CBRE led for life insurance company loans;
- Wells Fargo led for loans held in warehouse;
- PNC and Wells Fargo are the largest named special servicers;
- Wells Fargo, MetLife and PGIM Real Estate Finance led servicers for loans held in own portfolio for U.S. mortgaged, income-producing properties.
- PNC and Berkadia are the top fee-for-service primary and master servicers of U.S. mortgaged, income producing properties;
- Capital One Financial Corp. and Wells Fargo rank as the top master and primary servicers of other types of commercial real estate related assets located in the U.S.; and
- Situs and CBRE are the top primary and master servicers of non-US CRE-related assets.
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