Please reload

PNC was top mortgage servicer in 2016: MBA

 

The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, 2016. 

 

At the top of the list of firms is PNC Real Estate/Midland Loan Services with $517.5 billion in U.S. master and primary servicing, followed by Wells Fargo Bank N.A. with $505.2 billion, Berkadia Commercial Mortgage LLC with $221.7 billion, KeyBank National Association with $205.6 billion, and CBRE Loan Services with $112.0 billion.

 

Wells Fargo, PNC/Midland, KeyBank, and Berkadia are the largest master and primary servicers of commercial/multifamily loans in U.S. commercial mortgage backed securities (CMBS), collateralized debt obligations (CDO) and other asset-backed securities (ABS); PNC/Midland, CBRE Loan Services, Prudential Asset Resources, and MetLife are the largest servicers for life companies; PNC/Midland, Wells Fargo, Walker & Dunlop, LLC, and Berkeley Point Capital, LLC are the largest Fannie Mae servicers; Wells Fargo, PNC/Midland, KeyBank, and CBRE Loan Services are the largest Freddie Mac servicers.

 

PNC/Midland, Capital One Financial Corp, and KeyBank rank as the top master and primary servicer of commercial bank and savings institution loans; PNC/Midland, Situs, and Trimont Real Estate Advisors of loans for the credit companies, pension funds, real estate investment trusts (REITs), and investment funds; PNC/Midland, Red Mortgage Capital, LLC, and Walker & Dunlop, LLC of loans for FHA and Ginnie Mae.  Wells Fargo is the top servicer for loans held in warehouse facilities.  Berkadia is the top for other investor type loans.

 

A primary servicer is generally responsible for collecting loan payments from borrowers, performing property inspections and other property-related activities. 

 

A master servicer is typically responsible for collecting cash and data from primary servicers and then providing that cash and data, through trustees, to investors.  Unless otherwise noted, MBA tabulations that combine different roles do not double-count loans for which a single servicer performs multiple roles. The tabulations can and do double-count across servicers loans for which multiple servicers each fulfill a role.

 

Download the full report here.

Share on Facebook
Share on Twitter
Please reload

Institutional investors slash CRE capital budget by 19%: Report

Ashford REIT invests in 'purification' tech to create allergy-free guestrooms

REIT to build $110M facility to house immigrants rounded up by Trump

Working in style: The corporate campus designed by Frank Lloyd Wright

Hard Rock unveils plans to revamp Trump's failed Atlantic City casino

Food tenants increasingly crucial for shopping centers: Report

Retailer Finer Fields aims to merge bricks and clicks

The Gents Place 'lifestyle club' muscling into new markets

1/2
Please reload

COMMERCIAL REAL ESTATE NEWS & CULTURE

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon
More from Squarefootprint
Further reading

ABOUT USCONTACT • ADVERTISE • ARCHIVE

© 2017 SQUAREFOOTPRINT

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon