The Mortgage Bankers Association (MBA) released over the weekend its ""year-end ranking"":http://www.mortgagebankers.org/files/Research/CommercialServicing/YE13ServicerRankings.pdf of commercial and multifamily servicers' volumes--and once again, ""Wells Fargo"":https://www.wellsfargo.com/ topped the list.
[IMAGE]According to MBA's numbers, Wells Fargo took the No. 1 spot with $434.4 billion in dollar volume and 33,354 in loan volume. While the dollar figure is up from the ""end of 2012"":http://www.mortgagebankers.org/files/Research/CommercialServicing/YE12ServicerRankings.pdf, the number of loans was down from 35,215.
The difference was made up in average loan size, which increased from $12.2 million in 2012 to $13.0 million in 2013.
Following Wells Fargo were ""PNC Real Estate/Midland Loan Services"":https://www.pnc.com/webapp/unsec/ProductsAndService.do?siteArea=/pnccorp/pnc/home/small+business/real+estate+developers+and+investors/real+estate+developers+and+investors ($369.6 billion, up from $337.6 billion the previous year) and ""Berkadia Commercial Mortgage"":http://www.berkadia.com/default.aspx ($235.4 billion, up from $197.3 billion).
Also in the top five were ""Keybank"":https://www.key.com/personal/index.jsp?key=com, which moved up a slot to the No. 4 spot with $169.7 billion, and ""GEMSA Loan Services"":https://www.gemsals.com/new/Home.aspx, which moved up from No. 6 with $95.6 billion.
Going by category, Wells Fargo, PNC, KeyBank, and Berkadia were last year's largest master and primary servicers of loans in commercial mortgage-backed securities (CMBS), collateral debt obligations (CDO), and other asset-backed securities (ABS).
PNC, Wells Fargo, and KeyBank were also among the top Fannie Mae/Freddie Mac servicers, along with GEMSA and ""Walker & Dunlop"":http://www.walkerdunlop.com/Pages/default.aspx.
""Prudential Asset Resources"":http://www.prudential.com/par ranked highest for Federal Housing Administration (FHA) and Ginnie Mae loans, followed by PNC, Berkadia, Wells Fargo, and ""Red Mortgage Capital"":http://www.redcapitalgroup.com/.
Finally, MBA also asked firms to provide information on loans for which they are named as special servicer. The largest in that category last year were ""LNR Partners"":http://www.lnrproperty.com/, ""C-III Asset Management"":http://www.c3cp.com/, ""CWCapital Asset Management"":http://www.cwcapital.com/Home/Welcome.aspx, PNC, and Prudential.
The full rankings, as well as those from previous years, can be found on MBA's ""website"":http://mba.org/default.htm.