Who services HUD apartment loans
82 servicers collect payments on the 11,602 FHA-insured apartment loans in HUD's file. The five largest handle 43% of them, led by Lument Real Estate Capital, Ll with 1,716 loans.
| Servicer (as HUD lists it) | Loans | Balance | Median rate | Endorsed past year |
|---|---|---|---|---|
| Lument Real Estate Capital, Ll | 1,716 | $19.5 billion | 3.58% | 84 |
| Berkadia Commercial Mortgage L | 1,078 | $13.7 billion | 3.75% | 70 |
| Merchants Capital Corp. | 772 | $7.7 billion | 3.38% | 29 |
| Walker and Dunlop LLC | 745 | $10.5 billion | 3.7% | 41 |
| Greystone Servicing Company Ll | 625 | $11.2 billion | 3.2% | 24 |
| Dwight Capital LLC | 553 | $10.5 billion | 3.16% | 46 |
| Wells Fargo Bank NA | 472 | $5.1 billion | 3.45% | 1 |
| Pnc Bank, National Association | 400 | $2.8 billion | 3.75% | 5 |
| Pgim Real Estate Agency Financ | 362 | $3.6 billion | 3.65% | 14 |
| Masshousing | 350 | $5.0 billion | 4.326% | 18 |
| Colliers Mortgage LLC | 319 | $4.1 billion | 3.25% | 20 |
| Gershman Investment Corp | 301 | $4.6 billion | 3.2% | 32 |
| Midland States Bank | 272 | $1.2 billion | 3.745% | 0 |
| Grandbridge Real Estate Capita | 234 | $2.1 billion | 3.4% | 4 |
| Bellwether Enterprise Real Est | 230 | $2.3 billion | 3.525% | 14 |
| Jll Real Estate Capital, LLC | 218 | $3.4 billion | 3.18% | 10 |
| Centennial Mortgage Inc | 207 | $1.4 billion | 3.25% | 7 |
| Keybank National Association | 148 | $2.7 billion | 3.6% | 15 |
| Cbre Hmf Inc | 142 | $2.7 billion | 3.385% | 7 |
| Minnesota Housing Finance Agen | 132 | $360.1 million | 4.75% | 6 |
| Agm Financial Services Inc | 129 | $2.3 billion | 3.16% | 2 |
| M and T Realty Capital Corpora | 119 | $2.4 billion | 3.21% | 7 |
| Highland Commercial Mortgage L | 107 | $1.6 billion | 3.41% | 9 |
| Arbor Agency Lending, LLC | 105 | $1.6 billion | 3.42% | 9 |
| New Hampshire Housing Fin Auth | 105 | $623.1 million | 5.4% | 8 |
| Davis-Penn Mortgage Co | 100 | $857.0 million | 3.395% | 0 |
| California Housing Finance | 100 | $1.1 billion | 5.24% | 11 |
| Department Housing Comm Dev | 100 | $719.9 million | 4.55% | 7 |
| Northmarq Finance LLC | 96 | $1.3 billion | 3.18% | 1 |
| Rhode Island Hsg Mtge Fin Corp | 95 | $624.6 million | 6.1% | 1 |
| Berkeley Point Capital LLC | 87 | $972.3 million | 3.55% | 5 |
| Illinois Housing Development A | 87 | $743.0 million | 4.84% | 5 |
| Newpoint Real Estate Capital L | 86 | $1.6 billion | 3.995% | 11 |
| Harper Capital Partners, LLC | 73 | $1.1 billion | 2.97% | 4 |
| New York City Hous Dev Corp | 72 | $3.7 billion | 5.213% | 7 |
| Colorado Housing and Finance A | 67 | $473.5 million | 4.7% | 3 |
| Capital One NA | 62 | $1.1 billion | 3.525% | 3 |
| Rose Community Capital, LLC | 61 | $530.9 million | 3.28% | 0 |
| Federal Home Loan Mortgage Cor | 59 | $421.1 million | 5.73% | 0 |
| Century Health & Housing Capit | 58 | $739.9 million | 3.34% | 6 |
Why the servicer matters to a buyer
On an assumption or a 223(a)(7), the servicer is who you deal with first. It supplies the payoff figure, the reserve balances and the loan history, and on a transfer it processes the paperwork alongside HUD. The servicer is often, but not always, the lender that originated the loan; and the holder of the note can be a different firm again.
"Endorsed past year" counts loans with an initial endorsement in the 12 months before September 30, 2026, a rough read on who is still writing new HUD business. HUD's file cuts names at 30 characters and lists some firms under more than one name.
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026.