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Largest Commercial Mortgage Servicers

When it comes to the servicing of commercial real estate loans, there are just two financial services giants that are neck-and-neck in their domination of the field .

Wells Fargo Bank, N.A., maintained its stronghold on the No. 1 CRE loan servicer spot with a portfolio of 32,701 loans for $501.539 billion as of Dec. 31, 2015.

Wells Fargo was also the biggest servicer of CRE loans held in commercial mortgage-backed securities, collateralized-debt obligations and asset-backed securities.

In addition, the
Sioux Falls, South Dakota-based firm was was Freddie Mac’s biggest servicer and the top servicer of loans held in warehouse.

The standings were outlined in the Commercial/Multifamily Mortgage Servicer Rankings Year-End 2015 from the Mortgage Bankers Association.

But close behind Wells Fargo
was PNC Real Estate/Midland Loan Services, where a total of 31,872 CRE loans were serviced for $485.187 billion as of year-end 2015.

It was also the biggest servicer of CRE loans for financial institutions, life insurance companies and for Fannie Mae.

PNC additionally topped the list for servicers of commercial mortgages insured by the Federal Housing Administration and backed by Ginnie Mae as well as CRE loans held by credit companies, pension funds, real estate investment trusts and investments funds.

Berkadia Commercial Mortgage LLC grabbed the third overall spot with a servicing portfolio of 23,202 commercial mortgages for $224.977 billion.

Coming in fourth overall was KeyBank, N.A., which serviced 18,539 CRE loans for $195.685 billion as of the end of last year.

No. 5 on the overall list was GEMSA Loans Services LP, with a portfolio of 5,134 loans for $101.490 billion.

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