MBA: Wells Fargo Had Most Servicing Volume In 2013

Wells Fargo tops the Mortgage Bankers Association's ranking of commercial and multifamily mortgage servicer volumes for 2013 with $434.4 billion in U.S. master and primary servicing.

Following Wells Fargo is PNC Real Estate/Midland Loan Services with $369.6 billion in volume for the year; Berkadia Commercial Mortgage with $235.4 billion; KeyBank National Association with $169.7 billion; and GEMSA Loan Services LP with $95.6 billion.

Wells Fargo, PNC/Midland, KeyBank and Berkadia were the largest master and primary servicers of commercial/multifamily loans in U.S. commercial mortgage-backed securities, collateral debt obligations and other asset-backed securities.

Prudential Asset Resources, GEMSA, MetLife, PNC/Midland and Northwestern Mutual were the largest servicers for life companies. PNC/Midland, Wells Fargo, KeyBank, GEMSA and Walker & Dunlop LLC were largest Fannie Mae/Freddie Mac servicer.

PNC/Midland ranked as the top master and primary servicer of commercial bank and savings institution loans, while PNC/Midland was the top credit company, pension funds, real estate investment trusts and investment funds servicer.

Prudential was the top FHA and Ginnie Mae servicer; Wells Fargo was the top for loans held in warehouse facilities; and Berkadia was the top for other investor type loans.
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