Northmarq earns CPS2 Commercial Primary Servicer Rating from Fitch Ratings

MINNEAPOLIS (Aug. 26) — Northmarq has earned a Commercial Primary Servicer (CPS2) rating with a Stable Outlook from Fitch Ratings, an independent recognition of the firm's servicing capabilities, operational infrastructure and risk management practices.

The rating reflects Fitch's assessment of Northmarq's commercial servicing platform and highlights strengths including the company's experienced team, technology infrastructure and operational controls.

"Achieving an initial CPS2 rating is a meaningful milestone for our firm," said Bert Libke, managing director of Servicing. "We're proud of what this recognition says about our team and the platform we've built together. Fitch’s review recognized the investments Northmarq has made in our people, processes and technology while reinforcing the trust our clients place in us."

Fitch cites experience, technology and operational excellence

Northmarq services a portfolio of more than 7,000 loans totaling more than $80 billion. In assigning the rating, Fitch cited several strengths across Northmarq’s servicing operation, including:

• An experienced and tenured Servicing team.
• Robust technology infrastructure and integrated servicing systems.
• Strong risk management, compliance and operational controls.

"What makes this achievement especially meaningful is that it reflects years of hard work from our team," Libke said. "Every day, our team members are focused on serving clients, managing risk and continually improving how we operate. This rating is a recognition of those efforts."

The rating provides an independent benchmark of Northmarq's loan servicing capabilities and supports the company's continued focus on delivering high-quality service to lenders, investors and borrowers across the commercial real estate industry.