Wells Fargo Bank and PNC Real Estate / Midland Loan Services were the two largest commercial real estate mortgage loan servicing firms in the U.S. in 2023. Each of the two companies serviced close to 700 billion U.S. dollars of loans secured by commercial or multifamily properties in that year. Often, after a loan is originated, it is sold from the original lender to an investor or an entity such as Fannie Mae or Freddie Mac. In such cases, mortgage servicing companies take the responsibility to manage and administer the loans on behalf of the investors and borrowers.
