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Wells Fargo Ranked as Leading Commercial and Multifamily Servicer

The ""Mortgage Bankers Association"":http://www.mortgagebankers.org (MBA) has released its ""mid-year ranking"":http://www.mortgagebankers.org/files/Research/CommercialServicing/MY10ServicerRankings.pdf of commercial and multifamily mortgage servicers. ""Wells Fargo"":http://www.wellsfargo.com tops the list, with 40,292 loans worth $462.8 billion in its commercial/multifamily servicing portfolio.

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""PNC Real Estate/Midland Loan Services"":http://www.midlandls.com currently services 36,593 commercial and multifamily mortgages valued at $307.9 billion, giving it the second spot on the list. ""Berkadia Commercial Mortgage"":http://www.berkadia.com is third with 27,360 loans worth $202.6 billion.

Rounding out the top five are ""Bank of America Merrill Lynch"":http://www.ml.com with $133.4 billion and ""KeyBank Real Estate Capital"":https://www.key.com/html/commercial-real-estate-loan-investment.html with $124.7 billion.

Of the top five ranked commercial mortgage servicers, all but Wells saw their portfolios shrink during the first half of this year.

MBA also asked firms to provide information about commercial mortgage-backed securities (CMBS) loans on which they are the ""named special servicer"" - that is, where the firm stands ready to service the loan should special problems develop, such as delinquency.

The leading named special servicers were ""LNR Partners, Inc."":http://www.lnrpartners.com, ""CWCapital Asset Management"":http://www.cwcapital.com, ""C-III Asset Management"":http://www.c3cp.com, PNC/Midland, and Berkadia.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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