Varde Partners-backed Trimont to acquire the segment of its commercial mortgage servicing business from Wells Fargo.

Varde Partners-backed Trimont, a provider of solutions for independent analysis and risk assessment in commercial real estate for both capital providers and users, agreed to acquire the non-agency third-party servicing segment of its commercial mortgage servicing business from Wells Fargo, a multinational financial services company. Financial terms were not disclosed. “This transaction is consistent with Wells Fargo’s strategy of focusing on businesses that are core to our consumer and corporate clients. We remain committed to our market-leading Commercial Real Estate business, and we will continue to serve our clients with a broad suite of lending, advisory and capital markets capabilities while leveraging our franchise to grow our Corporate and Investment Bank," Kara McShane, Wells Fargo Commercial Real Estate Executive Vice President.