MBA: Wells Fargo Top U.S. Commercial, Multi-Family Servicer in Terms of Volume
August 24, 2010
By Allison Landa, News Editor
Wells Fargo tops the list of commercial and multi-family mortgage servicers at mid-year, according to the Mortgage Bankers Association’s mid-year rankings report.
With $462.8 billion in United States master and primary servicing, Wells easily came in first, followed by PNC Real Estate/Midland Loan Services with $307.9 billion, Berkadia Commercial Mortgage with $202.6 billion, and Bank of America Merrill Lynch with $133.4 billion.
The report includes specific breakouts such as total U.S. master and primary servicing volume, U.S. life company servicing volume and U.S. credit company, pension funds, REITs and investment funds volume.
Outside the U .S., Hatfield Philips International ranked as the largest master and primary servicer of non-U.S. commercial and multifamily mortgages. The firm was followed by Deutsche Bank, PNC/Midland, GEMSA Loan Services and Situs Asset Management.