DBRS Releases Servicer Report for CMLS Financial Ltd.
CMBSDBRS has today released a servicer evaluation report on CMLS Financial Ltd. (CMLS or the Company) that provides further detail on the recent confirmation of its Primary Commercial Mortgage Servicing capabilities as Good. DBRS also assigned a rating of Adequate for its Commercial Mortgage Special Servicing capabilities.
Based in Vancouver, CMLS is the largest private commercial mortgage servicing company in Canada. Originally known as Penmor Investment Services Ltd., CMLS has operated continuously since 1974, providing mortgage servicing for a variety of investors, including banks, insurance companies, investment managers, private lenders and commercial mortgage-backed securities (CMBS) trusts. In addition to mortgage loan servicing, the employee-owned company provides lending products to the commercial real estate industry, maintains a significant commercial mortgage origination business and mortgage valuation business and has been consistently profitable.
Today’s report and the July 18, 2011, press release are available at www. Dbrs.com or by contacting us at info@dbrs.com.