Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35000 Walker & Dunlop, Inc. (Exact name of registrant as specified in its charter) Maryland 80-0629925 (State ...

INVESTOR OVERVIEW March 2023 The forward-looking statements contained in this presentation reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in any forward-looking statement. While forward-looking statements reflect our good faith projections, assumptions and expectations, they are not guarantees of future results. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35000 Walker & Dunlop, Inc. (Exact name of registrant as specified in its charter) Maryland 80-0629925 (State or other jurisd ...

Financial Data and Key Metrics Changes - In Q4 2022, total transaction volume was $11.2 billion, down 59% from Q4 2021, with total revenues of $283 million, a decrease of 31% year-over-year [6][25] - Diluted earnings per share (EPS) for Q4 was $1.24, down 49% from the previous year, while full-year diluted EPS was $6.36, down 22% from 2021 [7][30] - Full-year debt financing and sales volume was $63 billion, down 7% year-over-year, with total revenues of $1.3 billion remaining flat compared to 2021 [7][30] Business Line Data and Key Metrics Changes - Q4 HUD volume was $187 million, significantly below budget, with full-year HUD loan originations at $1.1 billion, less than 50% of annual budget expectations [9] - Freddie Mac originations totaled $6.3 billion for the year, making the company the third largest Freddie Mac Optigo lender, with Q4 Freddie loans closed at $2.3 billion, up 49% year-over-year [10][11] - The capital markets segment saw transaction volumes down 7% year-over-year, generating revenues of $709 million, a decline of 20% [36] Market Data and Key Metrics Changes - The multifamily property sales volume in Q4 was $3.3 billion, down 64% year-over-year, but full-year sales volume was $19.7 billion, up 2% from 2021 [14] - The Mortgage Bankers Association projects a 16% decline in the 2023 multifamily financing market to $384 billion [15] - Freddie Mac's 2023 multifamily market estimate is larger at $440 billion, indicating potential growth opportunities for the company [16] Company Strategy and Development Direction - The company aims to achieve its "Drive to 25" objectives, targeting $65 billion in debt financing volumes and $25 billion in property sales volume [57][58] - The focus remains on leveraging technology to create operational efficiencies and scale emerging businesses for long-term growth [52][60] - The company plans to maintain its workforce and cut costs to improve profitability, despite the challenging market conditions [23][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging year due to the Federal Reserve's interest rate hikes, which significantly impacted capital markets activity [5][24] - There is optimism for a return to growth in the second half of 2023 as rates stabilize and transaction volumes increase [45][46] - The company remains confident in its market positioning, particularly in the multifamily sector, which shows strong fundamentals [54][62] Other Important Information - The company reported a servicing portfolio of $123 billion and an asset management business of $17 billion, with full-year servicing revenues of $507 million, up 34% [39] - A quarterly dividend of $0.63 per share was approved, representing a 5% increase, alongside a $75 million share repurchase program [51] Q&A Session Summary Question: Outlook for Fannie Mae business line - Management expressed confidence in maintaining strong market share with Fannie Mae and expects servicing fees to stabilize as rates normalize [66][68] Question: Credit performance and floating rate loans - Management highlighted the strong credit performance and the lack of risk on floating rate loans, indicating opportunities to assist clients with refinancing [72][74] Question: Adjusted earnings calculation changes - Management clarified that the adjusted earnings calculation now includes revaluation adjustments and aims to provide a clearer view of core performance [77][79] Question: Dividend increase rationale - Management justified the dividend increase based on strong cash generation capabilities and the natural hedge from escrow income against rising interest expenses [83][84] Question: January and February transaction volumes - Management noted a slow start to the year but observed increasing momentum in transaction volumes, indicating a positive outlook for the market [85]

| --- | --- | --- | |-------|-------|-------| | | | | | | | | The forward-looking statements contained in this presentation reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in any forward-looking statement. While forward-looking statements reflect our good faith projections, assumptions and expectations, they are ...

Walker & Dunlop, Inc. (NYSE:WD) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Kelsey Duffey - Senior Vice President of Investor Relations Willy Walker - Chairman & Chief Executive Officer Greg Florkowski - Executive Vice President & Chief Financial Officer Conference Call Participants Jade Rahmani - KBW Steve Delaney - JMP Henry Coffey - Wedbush Securities Kelsey Duffey Good morning. I'm Kelsey Duffey, Senior Vice President of Investor Relations at Walker & Dunlop and I w ...

| --- | --- | --- | |-------------------------------|-------|-------| | | | | | THIRD QUARTER 2022 EARNINGS | | | | November 9, 2022 | | | Forward-Looking Statements Some of the statements contained in this presentation may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some ca ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35000 Walker & Dunlop,Inc. (Exact name of registrant as specified in its charter) Maryland 80-0629925 (St ...

Walker & Dunlop, Inc. (NYSE:WD) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Ginna Semmes - Investor Relations Willy Walker - Chairman and Chief Executive Officer Greg Florkowski - Executive Vice President and Chief Financial Officer Conference Call Participants Jay McCanless - Wedbush Securities Steve Delaney - JMP Jade Rahmani - KBW Ginna Semmes Good morning, I’m Ginna Semmes, Senior Analyst for Investor Relations at Walker & Dunlop and I would like to welcome you to Wal ...

Financial Performance - Total revenues for Q2 2022 reached $340848 thousand, a 21% increase compared to $281411 thousand in Q2 2021[8, 11] - Adjusted EBITDA for Q2 2022 was $94844 thousand, compared to $66514 thousand in Q2 2021[9] - Walker & Dunlop's (W&D) deliveries to GSE increased to $15891 million YTD 2022, resulting in a market share of 139%[19] - Adjusted Net Income increased to $68929 thousand, compared to $46514 thousand in the same period last year[49] - Adjusted Diluted Earnings Per Share increased to $204, compared to $144 in the same period last year[49] Segment Performance - Capital Markets total revenues for Q2 2022 were $208022 thousand, a 6% increase compared to $195905 thousand in Q2 2021[34] - Servicing & Asset Management (SAM) total revenues for Q2 2022 were $132551 thousand, a 56% increase compared to $85155 thousand in Q2 2021[36] - SAM Adjusted EBITDA for Q2 2022 was $105062 thousand, a 43% increase compared to $73703 thousand in Q2 2021[36] - Corporate segment reported negative Adjusted EBITDA of $27098 thousand for Q2 2022, compared to negative $21404 thousand in Q2 2021[37] Transaction Volume - Debt brokerage volume surged to $9258 million in Q2 2022, a 47% increase compared to $6281 million in Q2 2021[14] - Property sales volume increased to $3342 million in Q2 2022, a 648% increase compared to $447 million in Q2 2021[14]