Midland Loan Services A Pnc Real Estate Business
Midland Loan Services is a PNC Real Estate business headquartered in Overland Park, Kansas. It is one of the largest commercial loan servicing companies in the United States, with over $150 billion in loan servicing assets. Midland Loan Services serves a variety of clients, including commercial banks, life insurance companies, and pension funds.
History of Midland Loan Services
Midland Loan Services was founded in 1991 by a group of commercial real estate professionals. In 1998, the company was acquired by PNC Financial Services Group, Inc., a diversified financial services company based in Pittsburgh, Pennsylvania. Since then, Midland Loan Services has continued to grow and expand its operations.
Services Offered by Midland Loan Services
Midland Loan Services provides a wide range of loan servicing and asset management services to its clients. These include loan administration, asset management, property inspection, and financial reporting. The company also offers special servicing for distressed loans, including loan workouts, restructuring, and foreclosure management.
Technology and Innovation
Midland Loan Services is known for its innovative use of technology in the commercial loan servicing industry. The company has developed proprietary software and systems that allow it to efficiently manage large loan portfolios and provide timely and accurate reporting to its clients. Midland Loan Services also offers a variety of online tools and resources for its clients, including a web-based loan management system and a mobile app.
Industry Recognition
Midland Loan Services has received numerous awards and recognitions for its outstanding performance in the commercial loan servicing industry. In 2021, the company was named the top master and primary servicer of commercial mortgage-backed securities (CMBS) by Mortgage Bankers Association. Midland Loan Services has also been recognized as the best loan servicer in the United States by Global Finance magazine.
Conclusion
Midland Loan Services is a leading commercial loan servicing company that provides a wide range of services to its clients. The company has a strong reputation for innovation, technology, and outstanding customer service. Whether you are a commercial bank, a life insurance company, or a pension fund, Midland Loan Services can help you manage your loan portfolio and achieve your financial goals.