CLEVELAND—KeyBank Real Estate Capital, the commercial real estate unit of KeyCorp, has just formed with Hunt Mortgage Group a commercial mortgage servicing group and asset management department for Hunt's clients. The newly-formed unit, called Hunt Servicing, will combine Hunt's personnel with Cleveland-based KeyBank's technology and expertise and focus exclusively on Hunt's $11 billion mortgage servicing portfolio.
New York City-based Hunt Mortgage Group will handle all special asset management functions for its clients. KeyBank's Hunt Servicing team will handle all cash operations, routine servicing matters and portfolio-wide asset management. KeyBank and Hunt officials say the partnership will mean faster response times and an improved online experience.
"As we expand our lending platform with new loan products and a broader range of asset classes, Hunt Servicing will ensure that we maintain an exceptional level of service for our clients," says Nicholas Hoffer, chief operating officer, at Hunt Mortgage Group. "After performing a significant level of due diligence to identify the right partner for this new servicing unit, KeyBank Real Estate Capital emerged as the obvious choice. As one of the top three commercial mortgage servicers in the US with top ratings from Standard & Poor's and Morningstar, we are confident they will play a crucial role in helping us improve the overall borrower experience."
“Hunt Mortgage Group is well-positioned in the market for continued growth, and we are delighted to be a part of their success through the formation of Hunt Servicing,” says Marty O'Connor, executive vice president and head of KeyBank Real Estate Capital loan servicing and asset management. “This partnership enables us to broaden the reach of our growing commercial mortgage loan servicing portfolio, a key area of differentiation and expertise for our commercial mortgage group platform at KeyBank."
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
