Walker & Dunlop Servicing Portfolio Surpasses $40 Billion Milestone
- Jul 30, 2014
Bethesda, Md.—Walker & Dunlop Inc. announced today that its loan servicing portfolio crossed over the $40 billion mark. The portfolio, comprised of more than 4,300 commercial loans from across the United States, has an average loan term of over ten years with 84 percent of the servicing fees protected from the risk of prepayment through make-whole requirements. The mortgage servicing rights related to this portfolio had a fair value of $432 million at June 30, 2014.
Walker & Dunlop’s servicing portfolio has grown 473 percent since the end of 2008 due to strong organic loan originations as well as the acquisition of assets of Column Guaranteed LLC in 2009 and the acquisition of CWCapital LLC in 2012. Walker & Dunlop ended 2013 as the 8th largest commercial loan servicer in the country per the Mortgage Bankers Association.
The Company’s operating subsidiary, Walker & Dunlop LLC, is a rated Primary Servicer, with ratings from Standard & Poor’s and Fitch. Walker & Dunlop, LLC services loans on all types of commercial real estate properties on behalf of Fannie Mae, Freddie Mac, Ginnie Mae, life insurance companies, CMBS issuers and others.