The ""Mortgage Bankers Association"":http://mbaa.org/default.htm (MBA) came out Thursday with a ""list"":http://www.mortgagebankers.org/files/Research/CommercialServicing/MY11ServicerRankings.pdf that ranks commercial and multifamily mortgage servicers on the basis of their loan size, financial balance, and amount lent to borrowers midyear 2011. ""Wells Fargo"":https://www.wellsfargo.com/ achieved the number-one spot for both master servicing and commercial mortgage-backed securities (CMBS).[IMAGE]
According to a statement, the MBA said that Wells Fargo, ""PNC Mortgage Real Estate"":http://www.pncmortgage.com/Contact/Contact_Us.aspx, and ""Bank of America"":https://www.bankofamerica.com/ topped the master and primary servicing list for commercial and multifamily CMBS loans. For loans backed by ""Fannie Mae"":http://www.fanniemae.com/kb/index?page=home and ""Freddie Mac"":http://www.freddiemac.com/, PNC, Wells, ""Berkadia"":http://www.berkadia.com/berkadia/Homepage.aspx, and ""Deutsche Bank"":http://www.db.com/index_e.htm made the most loans, also the most valuable. Wells serviced and warehoused the most loans.
Arriving in first place, Wells made 39,613 primary and master-servicing loans worth up to $442,880 million.[COLUMN_BREAK]
The mortgage giant also dwarfed its competitors with 27,612 CMBS valued at $360,436 in total loans.
Following the company, PNC Mortgage ranked second with 39,613 loans worth up to $346,547 million total, and likewise came second on the CMBS list, originating 27,612 such securities that totaled $129,237 million.
Berkadia Commercial Mortgage LLC made 24,804 loans, which came out to $184,194 loans. Unlike the others, TriMont Real Estate Advisors outranked Berkadia in CMBS by producing 895 CMBS valued at $24,646 million.
For commercial and savings loans, PNC Mortgage ran around its competitors with $57,753 million made possible by the 58,621 loans it produced. Deutsche Bank came second with much fewer such loans, making 344 products worth $28,161 million.
On that same list, TriMont made more loans than TriMont ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 895 ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô at less value, which emerged at $24,646 million. Wells provided borrowers with 1,810 loans priced at a total $1,640 million. Bank of America followed with 2,999 loans worth $2,387 million.
Among mortgage banks with the most government-backed loans, PNC came out on top with $57,129 million for 5,973 loans. Wells followed with 7,539 loans worth $44,369 million, as Berkadia arrived in third place with 2,616 loans valued at $26,994 million. Deutsche Bank ranked fourth with 1,816 loans worth $26,994 loans.