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Top U.S. Commercial Mortgage Servicers of 2018 Revealed

Top U.S. Commercial Mortgage Servicers of 2018 Revealed

Wells Fargo Leads National Rankings Again

According to the Mortgage Bankers Association's newly released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2018); Wells Fargo leads the national rankings, again.

As reported at the MBA's annual 2019 Commercial Real Estate Finance/Multifamily Housing Convention & Expo in San Diego this week, shows Wells Fargo Bank N.A., with $675.3 billion in master and primary servicing in 2018, followed by PNC Real Estate/Midland Loan Services ($612.4 billion), KeyBank N.A. ($256.6 billion), Berkadia Commercial Mortgage LLC ($235.9 billion) and CBRE Loan Services ($189.4 billion).

MBA ranked servicers with retained or purchased servicing of U.S. mortgaged, income-producing properties in the following categories:

  • Wells Fargo, PNC/Midland and KeyBank led largest primary and master servicers for commercial mortgage-backed securities, collateralized debt obligations or other asset-backed loans;
  • Cohen Financial led for credit company, pension funds, real estate investment trusts and investment fund loans;
  • Wells Fargo, Walker & Dunlop and Berkadia led for Fannie Mae loans;
  • Wells Fargo and KeyBank led for Freddie Mac loans;
  • Red Mortgage Capital LLC, Walker & Dunlop and Berkadia led for FHA & Ginnie Mae loans;
  • HFF LP, NorthMarq and CBRE led for life insurance company loans;
  • Wells Fargo led for loans held in warehouse;
  • PNC and Wells Fargo are the largest named special servicers;
  • Wells Fargo, MetLife and PGIM Real Estate Finance led servicers for loans held in own portfolio for U.S. mortgaged, income-producing properties.
  • PNC and Berkadia are the top fee-for-service primary and master servicers of U.S. mortgaged, income producing properties;
  • Capital One Financial Corp. and Wells Fargo rank as the top master and primary servicers of other types of commercial real estate related assets located in the U.S.; and
  • Situs and CBRE are the top primary and master servicers of non-US CRE-related assets.

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