WSFS Institutional Services Continues to Grow in the Securitization Industry

WSFS Bank

WILMINGTON, DE — WSFS Institutional Services®, a division of WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), climbed in the ranking from sixth to the fourth-most appointed trustee for U.S. Asset and Mortgage-Backed Securities in 2021, according to Asset-Backed Alert’s ABS Database. The data showed that WSFS Institutional Services increased its market share to 10.3 percent from 6.3 percent, a 64% increase in market share percentage.

“We are thrilled to have increased our issuance volume by 156% over prior year. Our ability to continue to expand is a true testament to the amazing group of talented professionals on the team,” said Sandy Whalen, Senior Vice President and Head of Corporate Trust, WSFS Institutional Services. “Being responsive and nimble sets us apart as do our customized solutions, technology, and team of experts.”

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WSFS Institutional Services stats it will continue to invest in leading technology such as eVault, a verification and loan data reporting platform that provides organizations with a range of document management solutions. WSFS Institutional Services offers owner, indenture trustee and paying agent services for asset-backed securities, indenture trustee for corporate debt issuances, custody, escrow, verification agent and independent director services, as well as administrative and collateral agent services for the leveraged loan market.

To learn more about WSFS Institutional Services, visit wsfsinstitutionalservices.com.

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