Morningstar DBRS Discontinues Wells Fargo's Commercial Mortgage Servicer Rankings

DBRS, Inc. (Morningstar DBRS) discontinued its MOR CS1 commercial mortgage primary servicer and master servicer rankings and its MOR CS2 commercial mortgage special servicer ranking for Wells Fargo Commercial Mortgage Servicing (WFCMS).

Morningstar DBRS placed its rankings for WFCMS Under Review with Negative Implications on August 26, 2024, following Trimont LLC's (Trimont) announcement that it would acquire Wells Fargo Bank, N.A.'s third-party non-agency commercial mortgage servicing business. The discontinuation of the WFCMS rankings follows Trimont's completion of this acquisition on March 1, 2025.

All rankings are subject to surveillance, which could result in rankings being raised, lowered, placed under review, confirmed, or discontinued by Morningstar DBRS.

Morningstar DBRS North American commercial mortgage servicer rankings are not credit ratings. Instead, they are designed to evaluate the quality of the parties that service commercial mortgage loans. Although the servicer's financial condition contributes to the applicable ranking, its relative importance is such that a servicer's ranking should never be considered as a proxy of its creditworthiness.

Notes:
The principal methodology is North American Commercial Mortgage Servicer Rankings (August 23, 2024), https://dbrs.morningstar.com/research/438283.

For more information on this industry, visit https://dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.

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