PNC Bank Corp., redoubling its push into mortgage banking, plans to buy a $10 million serving portfolio from a Ford Motor Co.unit for about $117 million.

The deal, announced Tuesday, would mark the largest mortgage servicing acquisition ever, experts said. It would increase PNC's servicing portfolio by more than 25%, to $46 billion, making the company one of the top 10 servicers in the country.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.