Wells Fargo Sells Bulk of Commercial Mortgage Servicing Business To Trimont

Key TakeawaysWells Fargo agreed to sell the non-agency third-party servicing segment of its commercial mortgage servicing business to privately held Trimont.The deal makes Trimont the largest loan servicer in the U.S., it said.Wells Fargo is prioritizing "businesses that are core to [its] consumer and corporate clients," according to its head of commercial real estate. Wells Fargo (WFC) is selling much of its commercial mortgage servicing business to Trimont, the bank said Tuesday. Financial terms weren't d ...