Sumit Sasidharan joins Angel Oak as its new Head of Commercial Real Estate, where he will lead the firm’s CRE platform, focusing on growing, managing, and expanding the firm’s permanent and bridge-loan financing solutions.
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Financial Industry Computer Systems, Inc. (FICS), reported Monday that rising demand for commercial real estate (CRE) servicing software has led to a major increase in the Dallas-based company's user volume. FICS has seen a 175 percent increase in Commercial Servicer user volume during the last nine months.
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The Mortgage Bankers Association (MBA) has released its mid-year ranking of commercial and multifamily mortgage servicers. Wells Fargo tops the list, with 40,292 loans worth $462.8 billion in its commercial/multifamily servicing portfolio. Also among the top five are PNC's Midland Loan Services, Berkadia, Bank of America Merrill Lynch, and KeyBank Real Estate Capital.
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