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Berkadia Honored for Excellence in Outsourcing at 2014 CMO Asia Awards

August 20, 2014

NEW YORK--(BUSINESS WIRE)-- Berkadia Commercial Mortgage LLC (Berkadia) recently announced that it was recognized by CMO Asia for its outstanding Real Estate Services operations in Hyderabad, India. The Asia Outsourcing Excellence Awards ceremony was held from July 31 through August 1 in Singapore, where Berkadia received four accolades: Outsourcing Service Provider of the Year, Financial Services Outsourcing Project of the Year, Outsourcing Executive of the Year and Outsourcing Professional of the Year. Ned Mody, Country Manager for Berkadia’s operations in India, was on hand to accept the awards.

“These awards are a direct reflection of the collaborative, supportive culture we’ve sought to create for Berkadia Commercial Real Estate Services,” said Mody. “That we’ve been recognized on both an organizational and individual level is an affirmation of our groundbreaking delivery model and the way we aim to develop not only our business, but also our people.”

Berkadia was named the Outsourcing Service Provider of the Year based on their significant investments toward integrating their offshore Hyderabad operations into the company’s broader servicing infrastructure, as well as continued efforts to provide professional growth opportunities for employees abroad. Additionally, Berkadia was awarded the Financial Services Outsourcing Service Project of the Year honor for its swift and effective on-boarding of a $70.5 billion servicing portfolio transaction consummated with KeyBank Real Estate Capital on May 9, 2013.

“We believe we have revolutionized the way the commercial real estate industry thinks about outsourcing and offshoring by creating a hybrid model that combines the efficiencies of outsourcing with the personal touch, integration and cohesion of offshoring—or even nearshoring,” said Mark McCool, President of Berkadia Commercial Real Estate Services. “We are honored to be recognized by CMO Asia as a leader in this space, and we plan to continue to grow and evolve our operations to best serve both our clients and our professionals.”

In addition to the organizational awards, McCool was named Outsourcing Executive of the Year for his leadership of Berkadia Commercial Real Estate Services and his commitment to advancing the commercial real estate servicing industry. Mody was also recognized as Outsourcing Professional of the Year for his effective, dedicated oversight and leadership of Berkadia’s Hyderabad operations.

“This is a huge win for Berkadia in the furtherance of the ‘Servicer’s Servicer' model and is testament to the hard work and ingenuity of each and every member of Berkadia,” said Berkadia CEO Justin Wheeler. “Special congratulations are due to Mark and Ned for their leadership, but also to all of our servicing professionals for helping to make us among the best in the business.”

CMO Asia is a leadership and networking organization dedicated to knowledge exchange for senior executives across industries. The Asia Outsourcing Excellence Awards recognize companies who demonstrate best practices, create and sustain competitive advantage, provide business transformation and achieve value that, over time, benefits both the buyer and service provider. This year’s conference was attended by approximately 540 companies from across 33 countries.

About Berkadia®:

Berkadia Commercial Mortgage LLC, a prominent and innovative lender in the commercial real estate industry, is a highly rated master, primary and special servicer managing a portfolio of more than $245.3 billion as of June 30, 2014. As a correspondent for insurance companies, institutional lenders and a leading approved lender for Fannie Mae, Freddie Mac and HUD/FHA, Berkadia provides access to capital and flexible, customized lending and servicing solutions, as well as multifamily advisory and investment sales services, for the acquisition, construction, rehabilitation or refinance of commercial real estate properties.

To learn more about Berkadia, please visit


Bliss Integrated Communication

Meghan Warren, 212-584-5469

Source: Berkadia Commercial Mortgage LLC

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