M&A - BANK 2021-BNK34

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003701

Filing Summary: The document reports the acquisition of the third party servicing segment of Wells Fargo's commercial mortgage servicing business by Trimont LLC, effective March 1, 2025. This acquisition involved the transition of CMS employees, systems, and processes to Trimont, with Wells Fargo continuing to service loans originated for Fannie Mae, Freddie Mac, and FHA/Ginnie Mae. The transition is supported by a Transition Services Agreement for ongoing services for up to 18 months. Additionally, Trimont will operate two servicing technology platforms during this transition period. The report includes details on Trimont's agreements, servicer ratings by various agencies, and the scale of the servicing portfolio it will manage.