Wells Fargo still on top in MBA ranking of commercial mortgage servicers

New York /
Feb.February 04, 2013 12:30 PM

Wells Fargo has remained at the top of the Mortgage Bankers Association’s ranking of commercial and multifamily mortgage servicers, the New York Observer reported. With $429.1 billion in U.S. master and primary servicing assets as of Dec. 31, the bank is followed by PNC Real Estate/Midland Loan Services ($337.6 billion), Berkadia Commercial Mortgage ($197.3 billion), Bank of America Merrill Lynch ($112.5 billion) and KeyBank Real Estate Capital (101.2 billion) in the annual ranking, according to the Observer.

In 2012, Wells Fargo closed 35,215 loans with an average size of $12.2 million; PNC closed 36,848 loans with an average size of $9.2 million.

Meanwhile, the largest servicers for life insurance companies are PNC ($35 billion), MetLife ($34.9 billion) and Prudential Asset Resources ($34.4 billion), while the largest Fannie Mae/Freddie Mac servicers are PNC ($62.8 billion), Wells Fargo ($44.1 billion) and Walker & Dunlop ($27.9 billion).

Therefore, PNC ranked as the top master and primary servicer of commercial bank and savings institutional loans; GEMSA as the top among credit companies, pension funds, REITs and investment funds servicers; PNC as the top FHA and Fannie Mae servicer; and Wells Fargo at the top for loans held in warehouse facilities.

As The Real Deal has reported, Wells Fargo announced that its fourth quarter profits totaled $5.1 billion—a 24 percent increase over the third quarter of 2012. [NYO] -–Hayley Kaplan


Related Articles

arrow_forward_ios
Top October loans: Cash cows, big buys, foreclosure avoidance
Top October loans: Cash cows, big buys, foreclosure avoidance
Top October loans: Cash cows, big buys, foreclosure avoidance
Wells Fargo CEO Charlie Scharf (Getty, iStock)
Wells Fargo hit with $250M fine, new restrictions over mortgage lending practices
Wells Fargo hit with $250M fine, new restrictions over mortgage lending practices
Wells Fargo, BlackRock join other firms in delaying office returns
Wells Fargo, BlackRock, Amazon join others in delaying office returns
Wells Fargo, BlackRock, Amazon join others in delaying office returns
1301 Sixth Avenue and Paramount Group's Albert Behler (Google Maps, Getty)
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
TF Cornerstone president Fredrick Elghanayan and 595 Dean Street (TF Cornerstone, rendering via MOSO Studio)
TF Cornerstone scores $385M loan for Prospect Heights apartment towers
TF Cornerstone scores $385M loan for Prospect Heights apartment towers
Lenders are being stingy about granting home equity lines of credit. (iStock)
Home values are up, but just try getting a line of credit
Home values are up, but just try getting a line of credit
From left: Wells Fargo’s Charles Scharf, SL Green's Marc Holliday, Goldman Sachs’ David Solomon and One Vanderbilt (Getty)
Goldman Sachs, Wells Fargo leading $2.25B refi of One Vanderbilt
Goldman Sachs, Wells Fargo leading $2.25B refi of One Vanderbilt
Wells Fargo CEO Charles Scharf (Scharf by Win McNamee/Getty Images; Unsplash)
Borrowers sue Wells Fargo over forbearance policy
Borrowers sue Wells Fargo over forbearance policy
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...