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.

PNC Real Estate/Midland Loan Services currently services 36,593 commercial and multifamily mortgages valued at $307.9 billion, giving it the second spot on the list. Berkadia Commercial Mortgage is third with 27,360 loans worth $202.6 billion.

Rounding out the top five are Bank of America Merrill Lynch with $133.4 billion and KeyBank Real Estate Capital with $124.7 billion.

Of the top five ranked commercial mortgage servicers, all but Wells saw their portfolios shrink during the first half of this year.

MBA also asked firms to provide information about commercial mortgage-backed securities (CMBS) loans on which they are the “named special servicer” – that is, where the firm stands ready to service the loan should special problems develop, such as delinquency.

The leading named special servicers were LNR Partners, Inc., CWCapital Asset Management, C-III Asset Management, PNC/Midland, and Berkadia.