Companies Combine, Offer New Technology in Commercial Loan Servicing

KANSAS CITY, MO-In a merger that blends leaders in commercial loan servicing and mortgage technology, Midland Loan Services Inc. has joined forces with Univest Financial Group LLC. Midland Loan Services Inc. is a wholly owned subsidiary of The PNC Financial Services group. Univest Financial Group is a privately held provider of technology and date management services. The company will operate under the Midland name. Terms of the merger were not disclosed.

Midland has a loan servicing portfolio of approximately $50 billion. It is a leading provider of web-enabled loan servicing and asset administration solutions for commercial real estate portfolio lenders, financial institutions and commercial mortgage-backed securities issuers. Midland has the highest servicer and special servicer ratings from Fitch IBCA, Duff & Phelps and Standard & Poor’s.