Top commercial servicer rakes in $463 billion in six months

Wells Fargo topped the list of commercial and multi-family mortgage servicers in the Mortgage Bankers Association’s mid-year rankings released today. The company saw $462.8 billion in U.S. master and primary servicing as of June 30, according to the MBA’s list, while second place group PNC Real Estate/Midland Loan Services trailed with $301.9 billion in activity. The third- and fourth-ranked firms, Berkadia Commercial Mortgage and Bank of America Merrill Lynch, reported $202.6 billion and $133.4 billion in activity, respectively, while fifth place firm KeyBank Real Estate Capital came in with $124.7 billion. TRD

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