When it comes to servicing the country’s commercial real estate loans, there has been a shakeup among the biggest players versus a year earlier.
PNC Real Estate/Midland Loan Services serviced 32,559 CRE loans with an aggregate principal balance of $517.522 billion as of Dec. 31, 2016.
That made the company the biggest CRE loan servicer. PNC replaced Wells Fargo Bank, N.A., which held the No. 1 position as of a year previous.
Source: Mortgage Daily