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Midland Loan Services, a PNC Real Estate business, has experienced significant growth across its servicing, asset management and technology solutions businesses. To continue to provide the highest quality of service to our clients and their borrowers, and accommodate future growth, Midland has added two senior executives to its servicing team.
Tim Steward, Senior Vice President - Client Solutions, will be responsible for outward facing client and industry servicing relationships and the servicing operations groups that most directly interact with our clients. Tim has extensive experience in the business, most recently as President of Prudential Asset Resources and, prior to that, in senior roles with Standard & Poor’s, Wachovia and Wells Fargo in their commercial real estate loan servicing operations. In this new position, Tim will be responsible for the oversight of the account management, specialized portfolio servicing, borrower services and construction loan administration services teams. Tim will also be responsible for supporting Midland’s business development group to assess new loan servicing opportunities.
Linda Bechtel will transfer from PNC’s Home Equity operations management team in Pittsburgh, Pennsylvania, to join the loan servicing management team as an Operations Group Manager. Linda has more than 20 years of experience with commercial bank operations, first with Commerce Bank in Kansas City, Missouri, and for the last 11 years with PNC, most recently as Senior Vice President, Director of Fulfillment - Consumer Originations. Linda will be responsible for the functional servicing groups, including servicing transfers, payoffs, financial loan services, collateral surveillance, CMBS surveillance, covenant administration, operational accounting and investor reporting.
Tim and Linda will report to Steve Smith, and with Valerie Nichols, be responsible for the management of Midland’s loan servicing operations.
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