(Rewrites throughout to add details of deal and industry context) Aug 20 (Reuters) – Wells Fargo on Tuesday agreed to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont, a move that will make the firm the largest servicer of commercial real estate securitized debt in the United States. Founded in 1988, Trimont, which primarily serves non-bank and alternative lenders, will manage combined $640 billion loans in the U.S. after deal is closed. The…
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Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont
