Wells Fargo & Company (WFC) has announced a definitive agreement to divest its non-Agency third-party servicing segment of its Commercial Mortgage Servicing (CMS) business to Trimont. The transaction is expected to close in early 2025, subject to customary closing conditions. Wells Fargo will continue to service Agency/government-sponsored enterprise loans and loans on its balance sheet. The deal makes Trimont the largest service provider of loans in the United States, giving it nearly 11% of the commercial ...