Content area
Full text
PNC ARCs, a commercial mortgage lender, and Midland Loan Services, a commercial mortgage servicer and technology provider, are both members of the PNC Financial Services Group, so it's little surprise that PNC ARCS has bought into Midland's technology and shared servicing concept.
But the extent of their partnership may point toward the evolution of commercial mortgage servicing, in which loan administration specialists come to the aid of lenders that retain ownership of the customer relationship.
PNC ARCS completed the conversion of its servicing platform to Midland's Enterprise! loan management system in February, bringing the management of its $13 billion portfolio of...