BETHESDA, Md., Nov. 16, 2021 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today the launch of a new digital
lending platform powered by machine learning to dramatically
grow its small balance multifamily lending business.
"Multifamily investors want a faster
and more transparent borrowing experience," commented
Walker & Dunlop Senior Vice
President and Chief Production Officer Alison Williams. "That's why we asked our data
scientists and engineers to automate loan sizing and
pricing." Mrs. Williams continued, "We created a more
efficient process for investors to review financing
options, tailor them to their projects' needs,
and monitor the loan process with dramatically more
transparency – all through our custom-built technology."
Walker & Dunlop's small
balance technology platform brings the following
advantages:
- Streamlined lending experience
that automatically generates quotes in minutes
utilizing predictive algorithms and property cash flows
- Interest rate and property value calculations using
proprietary data on real-time rents, expenses, and sales
comparables
- Greater transparency of loan terms from quote to
close
To learn more about the new platform,
visit https://www.walkerdunlop.com/small-balance/.
Walker & Dunlop will continue to accelerate the growth of
its small multifamily loan platform by
automating underwriting processes, expanding its brand as the
premier multifamily lender in the U.S., and combining its
best-in-class people with best-in-class technology to
deliver the best financing experience to our clients.
Walker & Dunlop is the top provider of capital to the U.S.
multifamily market, originating $31
billion in transactions and financing over $24 billion of multifamily properties in 2020.
The company is also a top-ranked Agency lender and was named the #1
Fannie Mae DUS® Lender and #4 Freddie Mac Optigo® Lender in
2020. Walker & Dunlop's dedicated team has experience with all
loan types within the small multifamily loans space, including
Freddie Mac Small Balance Loans and Fannie Mae Multifamily Small
Loans, which provide financing for different property types, such
as market-rate properties, mixed-use properties, and manufactured
housing communities (MHC).
Multifamily loans under $10
million in size accounted for $80
billion in total loan volume in 2020 and 22% of all
commercial mortgage originations. This fast-growing market is
highly fragmented with more than 3,000 capital providers. Walker
& Dunlop is using its people, brand, and technology to scale
rapidly and grow market share in this exciting market.
About Walker & Dunlop
Walker &
Dunlop (NYSE: WD) is the largest provider of capital to the
multifamily industry in the United
States and the fourth largest lender on all commercial real
estate including industrial, office, retail, and hospitality.
Walker & Dunlop enables real estate owners and operators to
bring their visions of communities — where Americans live, work,
shop and play — to life. The power of our people, premier brand,
and industry-leading technology make us more insightful and
valuable to our clients, providing an unmatched experience every
step of the way. With over 1,000 employees across every major
U.S. market, Walker & Dunlop has consistently been named
one of Fortune's Great Places to
Work® and is committed to making the
commercial real estate industry more inclusive and
diverse while creating meaningful social, environmental,
and economic change in our communities.
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SOURCE Walker & Dunlop, Inc.