The top master and primary servicer recorded $654 billion in volume as of June 30
As of June 30, Wells Fargo recorded $654 billion in master and primary servicing to top the list. With $599.7 billion, PNC Real Estate/Midland Loan Services followed in second.
KeyBank came in third with $229.4 billion. Berkadia Commercial Mortgage recorded $216.1 billion in servicing and CBRE Loan Services had a volume of $177.3 billion as of the midyear.
Wells Fargo, PNC/Midland, and KeyBank were the top primary and master servicers for CMBS, CDO, or other ABS loans among servicers with retained or purchased servicing of US mortgaged, income-producing properties. For credit company, pension funds, REITs, and investment fund loans, SunTrust Bank’s Cohen Financial division was the largest servicer.
Wells Fargo, Walker & Dunlop, and Berkadia were the largest servicers for Fannie Mae loans, while Wells Fargo and KeyBank were the largest for Freddie Mac loans. For FHA and Ginnie Mae loans, Red Mortgage Capital, Walker & Dunlop, and Berkadia were the largest servicers. HFF, NorthMarq Capital, and CBRE were the largest for life insurance company loans. Wells Fargo was the top servicer for loans held in warehouse. PNC and Wells Fargo were the largest named special servicers.
For loans held in own portfolio, US mortgaged, income-producing properties, MBA found that Wells Fargo, PGIM Real Estate Finance, and MetLife were the top servicers.
PNC and Berkadia were the top fee-for-service primary and master servicers of US mortgaged, income producing properties. Wells Fargo and Capital One Financial ranked as the top master and primary servicers of other types of commercial real estate (CRE)-related assets located in the US. Situs and CBRE were the top primary and master servicers of non-US CRE-related assets.
