BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. (NYSE: WD) was recognized as the largest Fannie Mae DUS® lender by volume in 2023, making it Fannie Mae’s #1 partner, five years in a row. In addition to being Fannie Mae’s largest multifamily lending partner by volume at $6.6 billion, Walker & Dunlop was also recognized by Fannie Mae as: #1 Producer for Green Financing #1 Producer for Student Housing #3 Producer for Multifamily Affordable Housing #3 Producer for Small Loans #4 Producer for Str ...

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it will release its fourth quarter and full-year 2023 results before the market opens on February 15, 2024. The Company will host a conference call to discuss the quarterly results on February 15, 2024, at 8:00 a.m. Eastern time. Listeners can access the call by dialing (888) 256-1007 from within the United States or (773) 305-6853 from outside the United States and are asked to reference the Confirmation Code: 8217003. A simultaneo ...

One stock that might be an intriguing choice for investors right now is Walker & Dunlop, Inc. (WD) . This is because this security in the Financial - Mortgage & Related Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably tak ...

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today that it has expanded its Carolinas Investment Sales team with the addition of Managing Director Michael Saclarides. He will be focused on Walker & Dunlop's multifamily institutional brokerage activities in Charlotte and the rest of the Carolinas. Devin Bryan, who also joins Walker & Dunlop from Cushman & Wakefield, will work as a director on the team. Based out of the Charlotte office, Saclarides will lead Walker & Dunlop’s sales efforts ...

Financial Data and Key Metrics Changes - Walker & Dunlop's revenues fell 15% in Q3 2023, resulting in total revenues of $269 million, with total transaction volumes down 49% year-over-year to $8.6 billion [6][10] - Diluted earnings per share declined 54% to $0.64, while adjusted core EPS was down only 21% to $1.11 per share [93][108] - Adjusted EBITDA decreased by 1% to $74 million, demonstrating stability in recurring revenue streams [93][108] Business Line Data and Key Metrics Changes - The Servicing and Asset Management (SAM) segment saw revenues increase by 15% year-over-year to $148 million, with net income up 47% [8] - Debt brokerage volume declined 52% year-over-year to $3.1 billion, reflecting challenges in non-multifamily acquisitions and financing markets [7] - The asset management business generated over $110 million in annual revenues, indicating strong growth potential [23] Market Data and Key Metrics Changes - The multifamily acquisitions market improved slightly, with property sales of $2.5 billion, down 50% year-over-year but up 67% from Q2 2023 [15] - Fannie Mae and Freddie Mac have deployed only $74 billion of their $150 billion annual multifamily lending caps, indicating a lack of demand in the current market [15] - The overall commercial real estate transaction activity remained low, with Q3 2023 transaction volume down 49% compared to the same quarter last year [17] Company Strategy and Development Direction - The company is focused on building a sustainable business model that can withstand market cycles, emphasizing the importance of its servicing and asset management segments [14][20] - Walker & Dunlop aims to capitalize on its brand and scale as financing and sales volumes are expected to return in the coming years [7] - The company is committed to its five-year strategic plan, "The Drive to '25," targeting $2 billion in revenues and $13 per share of earnings [14][114] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the current macroeconomic conditions, particularly the rising interest rates impacting transaction volumes [14][50] - The expectation is that the market will transition from a "wait and see" attitude in 2023 to a more active "I must move" market in 2024, driven by the need to refinance maturing loans [106][113] - Management remains optimistic about the company's positioning for growth when the market stabilizes, highlighting the strength of its servicing and asset management platform [21][100] Other Important Information - The company has reduced its headcount, resulting in annualized personnel-related savings of $25 million, which contributed to stabilizing financial results [20] - Walker & Dunlop's technology investments in small-balance lending and appraisals are expected to drive growth and efficiency in its operations [23][94] - The company has a strong cash position of $236 million at the end of the quarter, allowing it to maintain liquidity and pay dividends [111] Q&A Session Summary Question: Impact of GSEs' new restrictions on W&D - Management noted that the implications of new restrictions from Fannie Mae and Freddie Mac are minimal for Walker & Dunlop, as less than 10% of its deal flow comes through brokers [116] Question: Interest rate outlook and transaction volumes - Management indicated that stabilization of interest rates could lead to increased transaction volumes, but emphasized the need for cap rates to adjust accordingly [120] Question: Growth opportunities in asset management and affordable housing - Management highlighted the significant growth potential in the asset management space and the importance of affordable housing, particularly with the Alliant acquisition [71][135]

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, 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 in ...

Walker & Dunlop, Inc. (NYSE:WD) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Kelsey Duffey – Senior Vice President-Investor Relations Willy Walker – Chairman and Chief Executive Officer Greg Florkowski – Chief Financial Officer Conference Call Participants Steven DeLaney – JMP Securities Jay McCanless – Wedbush Jade Rahmani – KBW Operator Good day, and welcome to the Q2 2023 Walker & Dunlop, Inc. Earnings Call. Today’s call is being recorded. [Operator Instructions] At th ...

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. Furthermore, we disclaim any ...

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 June 30, 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 incorpo ...

Walker & Dunlop, Inc. (NYSE:WD) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Kelsey Duffey - SVP, IR Willy Walker - Chairman and CEO Greg Florkowski - EVP and CFO Conference Call Participants Jade Rahmani - KBW Jay McCanless - Wedbush Securities Kelsey Duffey Good morning, I’m Kelsey Duffey, Senior Vice President of Investor Relations at Walker & Dunlop, and I'd like to welcome you to Walker & Dunlop’s First Quarter 2023 Earnings Conference Call and Webcast. Hosting the call ...