Walker & Dunlop

Walker & Dunlop, Inc. is a provider of financing services to owners of commercial real estate. It is based in Bethesda, Maryland and originates loans from 32 offices in the United States.[1]

Walker & Dunlop, Inc.
TypePublic company
NYSE: WD
S&P 600 Index component
IndustryReal estate
Founded1937 (1937)
HeadquartersBethesda, Maryland
Area served
United States
Key people
Willy Walker (CEO & Chairman of the Board)
Howard Smith (President)
Steve Theobald (CFO)
Rich Lucas (General Counsel)
Paula Pryor (EVP & Chief Human Resources Officer)
ProductsCapital Markets
Consulting
Valuation
Loan Servicing
Revenue $0.817 billion (2019)
$0.173 billion (2019)
Total assets $2.675 billion (2019)
Total equity $1.042 billion (2019)
Number of employees
900 (2020)
Websitewww.walkerdunlop.com
Footnotes / references
[1]

The company was one of the first to finance single-family homes with FHA insured loans. It was also one of the first companies to obtain a Delegated Underwriting and Servicing (DUS) license from Fannie Mae when the program was established in 1988.[2]

History

In 1937, Oliver Walker and Laird Dunlop founded the company.[3]

In 2003, Willy Walker became chairman and chief executive officer of the company.[4][5]

In 2010, the company became a public company via an initial public offering.[6]

In 2009, the company acquired commercial lender Column Guaranteed, a subsidiary of Credit Suisse.[7]

In 2011, the company launched a bridge lending program.

in September 2012, the company acquired CWCapital for $234 million.[8][9]

In November 2014, the company acquired Johnson Capital's loan origination and servicing platform.[10][11]

In 2016, the company was ranked as the #3 Freddie Mac lender and the #2 Fannie Mae lender.[12]

In March 2018, the company acquired JCR Capital Investment Corporation, a Registered Investment Adviser.[13]

In November 2018, the company acquired iCap Realty Advisors.[14]

In 2019, the company acquired Enodo, an artificial intelligence and technology firm.[15]

In January 2020, the company launched an appraisal joint venture with GeoPhy, Apprise by Walker & Dunlop.[16]

References
  1. "Walker & Dunlop, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. GHIGLIOTTY, DAMIAN (October 29, 2013). "Willy Walker Keeps His Bets on Fannie and Freddie". Observer Media.
  3. "OLIVER WALKER, REALTY FIRM FOUNDER, DIES". The Washington Post. February 4, 1990.
  4. Banister, Jon (May 7, 2018). "Beyond The Bio: 16 Questions With Walker & Dunlop CEO Willy Walker". Bisnow Media.
  5. Heath, Thomas (September 20, 2015). "Bethesda's banker to real estate: Willy Walker transforms financial firm". The Washington Post.
  6. "Walker & Dunlop prices IPO". American City Business Journals. December 15, 2010.
  7. Plumb, Tierney (January 30, 2009). "Walker & Dunlop merges with Column Guaranteed". American City Business Journals.
  8. Douglas, Danielle (June 8, 2012). "Walker & Dunlop to acquire rival lender CWCapital". The Washington Post.
  9. Echols, Tucker (September 5, 2012). "Walker & Dunlop closes CWCapital purchase for $234 million". American City Business Journals.
  10. "Walker & Dunlop Completes Acquisition of Johnson Capital" (Press release). PR Newswire. November 3, 2014.
  11. Clabaugh, Jeff (September 30, 2014). "Walker & Dunlop acquires Johnson Capital loan business". American City Business Journals.
  12. "Beyond The Bio: 16 Questions With Walker & Dunlop CEO Willy Walker". www.bisnow.com. Retrieved 2019-05-08.
  13. Gilgore, Sara (March 15, 2018). "Walker & Dunlop to acquire Denver-based investment adviser". American City Business Journals.
  14. Maake, Katishi (November 2, 2018). "Walker & Dunlop acquires Atlanta-based mortgage banking firm, taking aim at $35B per year". American City Business Journals.
  15. "Walker & Dunlop August 7, 2019" (PDF). August 7, 2019.
  16. Dey, Nellie (February 5, 2020). "Walker & Dunlop Looks to Modernize the Multifamily Valuation Business with Apprise". REBusiness.
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