The list of the largest servicers of commercial real estate loans is in, and the biggest overall servicer is also the top servicer of Freddie Mac loans and securitized mortgages.
Among primary and master servicers, Wells Fargo Bank, N.A.’s, 33,192 loans serviced for $484.239 billion as of June 30 was the biggest servicing portfolio of all companies.
Wells Fargo was also the largest
servicer of Freddie Mac mortgages and held that title for servicers of loans included in CMBS, CDO and other ABS.
In addition, the Sioux Falls, South Dakota-based financial institution was the biggest servicer of warehouse loans with $24 billion in that portfolio.
Wells Fargo was No. 2 among servicers of Fannie Mae loans, and it came in fifth among servicers of loans insured by the Federal Housing Administration or included in Ginnie Mae mortgage-backed securities.
The standing was reported by the Mortgage Bankers Association in its
Commercial/Multifamily Real Estate Mortgage Servicer Rankings Mid-Year 2015.
No. 2 on the overall list was PNC Real Estate / Midland Loan Services, which serviced 33,086 loans for $465.804 billion.
PNC placed second on the CMBS, CDO and other ABS loans list and among Freddie servicers. It was third among servicers of warehouse loans.
But it topped the list of servicers of mortgages owned by commercial banks and savings institutions; loans owned by credit companies, pension funds, REITs and investment funds; Fannie Mae mortgages; FHA and Ginnie Mae loans; and life insurance companies.
Berkadia Commercial Mortgage LLC reported a total CRE portfolio of 24,692 loans serviced for $230.411 billion, making it the third-biggest servicer.
Berkadia ranked fourth on the securitized loan servicer list and the ranking of FHA and Ginnie Mae servicers, and it was fifth among servicers of Freddie Mac CRE loans.
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total CRE loan servicing portfolio of 18,346 loans for $189.862 billion landed KeyBank, N.A., in the fourth overall spot.
KeyBank was second among servicers of loans owned by financial institutions, third among servicers of Freddie Mac mortgages and securitized loans, fourth among the list of warehouse loan servicers, and fifth among servicers of multifamily loans owned or managed by Fannie Mae.
No. 5 overall, GEMSA Loans Services LP, serviced 5,487 loans for $98.906 billion. It was No. 5 among servicers of loans for banks and thrifts, No. 3 among servicers of life insurance-owned CRE loans and commercial mortgages owned by investment funds, and fourth among servicers of Freddie Mac loans.
Trimont was the No. 3 servicer of CRE loans held by commercial banks and savings
institutions. It ranked fourth on loans owned by credit companies, pension funds, REITs and investment funds.
Situs was the second-biggest servicer of loans owned by investment firms.
Walker & Dunlop landed in the third spot among servicers of Fannie Mae CRE loans.
Prudential Asset Resources was No. 2 on the ranking of servicers for FHA and Ginnie Mae loans and also stood second among servicers of CRE loans owned by life insurance companies.
Third on the FHA-Ginnie ranking was Red Mortgage Capital LLC.
HSBC Bank USA, N.A., was the second-biggest servicer of warehouse loans at $11 billion.
Bank of America, N.A.’s, only top-five appearance was No. 5 on the warehouse loan servicer list.
