Wells Fargo has agreed to sell most of its commercial mortgage servicing portfolio to Atlanta-based Trimont. The deal is expected to make Trimont the largest servicer of multifamily and commercial loans in the U.S.

The transaction includes only Wells Fargo’s non-agency, third-party commercial mortgage servicing (CMS) business. The bank will keep its agency and government-sponsored enterprise (GSE) loans, as well as those held on its balance sheet. 

The deal is expected to close in early 2025. The parties did not disclose the financial details.

As a result of the transaction, commercial real estate services provider Trimont details ⇒

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