Well Fargo, PNC Lead List of Top Commercial, Multi-Family Servicers

Posted To: MND NewsWireWells Fargo ranks as the largest servicer, by dollar volume, of commercial and multifamily mortgages according to a new report from the Mortgage Bankers Association ( MBA ). The bank holds $429.1 billion in U.S. master and primary servicing. Its portfolio consists of 35,125 loans with an average balance of $12.2 million. Wells Fargo is followed by PNC Real Estate/Midland Loan Services with a portfolio of 28,047 loans averaging $9.2 million for a total of $337.6 billion. In third place out of the 105 financial institutions surveyed was Berkadia Commercial Mortgage LLC with $197.3 billion (28,047 loans at $7.0 million.) Rounding out the top five are Bank of America Merrill Lynch with $112.5 billion, and KeyBank Real Estate Capital with $101.2 billion. The same five institutions are also the largest...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/02042013_commercial_multifamily_loans.asp @ uwad.com