M&A - WFRBS Commercial Mortgage Trust 2014-C20

Form Type: 8-K

Filing Date: 2025-02-28

Corporate Action: Acquisition

Type: New

Accession Number: 000188852425003204

Filing Summary: WFRBS Commercial Mortgage Trust 2014-C20 reported the acquisition of the third party servicing segment ('CMS') from Wells Fargo Bank, National Association. Trimont LLC will serve as the general master servicer under the pooling and servicing agreement. The transaction does not include Wells Fargo's rights and obligations related to loans for Fannie Mae, Freddie Mac, and FHA/Ginnie Mae, which will remain with Wells Fargo. The acquisition will integrate Trimont's and CMS's senior leadership and relevant corporate functions. Most CMS employees, systems, technologies, and operating procedures were transferred to Trimont. Wells Fargo will provide support services to Trimont under a Transition Services Agreement for 12 months, with options for two 3-month extensions. The integration aims to ensure a smooth transition as Trimont operates two loan servicing technology platforms during this period.

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