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Walker and Dunlop (WD) Company Profile

Updated May 14, 2020
Walker and Dunlop has the following business profile:
Company's Full Name:Walker and Dunlop, Inc.
Short Name:Walker and Dunlop
Trading Ticker Symbol:WD
Primary Exchange:NYSE
Headquarter City/Country:Maryland, MD
Primary Industry Sector:Finance
Seconday Sub-sector:Consumer Finance Services
Main Business Areas: Finance, Consumer Finance Services, Financial Services, Specialty Finance
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Walker and Dunlop stock

Market and Trading Information for Walker and Dunlop

The following details were available for trading and market data about the stock of Walker and Dunlop as of writing:
Current Share Price:$36.09
Previous Year's Closing Price:$64.68
Percentage Price Change (YTD):-44.2%
Market Cap:$1.12 billion
52-week Price Range:$24.55 - $79.74
Dividend Per Share:$1.26
EPS (TTM):5.54
Price-Earnings (Trailing):6.51
Price-Earnings (Forward):6.9

Company Profile and Business Description for Walker and Dunlop

Walker & Dunlop, Inc., incorporated on July 29, 2010, is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital. It originates and sells loans through the programs of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac, and together with Fannie Mae, the government-sponsored enterprises (GSEs)), the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration, a division of the United States Department of Housing and Urban Development (together with Ginnie Mae, HUD).

The Company retains servicing rights and asset management responsibilities on nearly all loans that it originates for GSE and HUD programs. It is a Fannie Mae Delegated Underwriting and Servicing (DUS) lender, a Freddie Mac seller/servicer, a Freddie Mac targeted affordable housing seller/servicer, a HUD Multifamily Accelerated Processing (MAP) lender, a HUD Section 232 LEAN lender and a Ginnie Mae issuer. It is a broker and services loans for a range of life insurance companies, commercial banks, commercial mortgage backed securities (CMBS) issuers, and other institutional investors, in which cases it does not fund the loan but rather act as a loan broker. It also originates and holds interim loans on its balance sheet and offers investment sales brokerage services. The Company focuses primarily on multifamily properties, and offers a range of commercial real estate finance products, including first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans and bridge/interim loans.

Multifamily Finance

The Company participates in Fannie Mae's DUS program for multifamily, manufactured housing communities, student housing, affordable housing and certain seniors housing properties. The Company is a lender approved as a Freddie Mac Program Plus lender under, which it originates and sells to Freddie Mac multifamily, manufactured housing communities, student housing, affordable housing, and seniors housing loans. Under the program, the Company submits its completed loan underwriting package to Freddie Mac and obtains Freddie Mac's commitment to purchase the loan at a specified price after closing. The Company is also contracted by Freddie Mac to service and asset-manage all loans that it originates under its program.

FHA Finance

The Company provides construction and permanent loans to developers and owners of multifamily housing, affordable housing, seniors housing and healthcare facilities. The Company submits its completed loan underwriting package to HUD and obtains HUD's approval to originate the loan. It services and asset-manages all loans originated through HUD's various programs.

Capital Markets

The Company serves as an intermediary in the placement of commercial real estate debt between institutional sources of capital, such as life insurance companies, investment banks, commercial banks, pension funds, CMBS issuers and other institutional investors, and owners of all types of commercial real estate. The Company advises on capital structure, develops the financing package, facilitates negotiations between its client and institutional sources of capital, coordinates due diligence and assists in closing the transaction. In these instances, the Company acts as a loan broker. It services some of these loans.

Proprietary Capital

The Company's Proprietary Capital products include interim loans. It offers interim loans that provide floating-rate, interest-only loans for terms of up to 3 years to borrowers seeking to acquire or reposition multifamily properties that do not qualify for permanent financing (the Interim Program). It underwrites all loans originated through the Interim Program. In addition, it services and asset-manages loans originated through the Interim Program.

Investment Sales Brokerage Services

The Company offers investment sales brokerage services to owners and developers of multifamily properties that are seeking to sell properties. Its investment sales brokerage services are offered primarily in the southeastern United States. The Company, through Walker & Dunlop Investment Sales, LLC (WDIS), conducts its investment sales operations.

Direct Loan Originators and Correspondent Network

As of December 31, 2016, the Company originated loans through loan originators operating out of 28 offices nationwide. Its loan originators collect and analyze financial and property information, assist the borrowers in submitting information required to complete a loan application, and help the borrower in closing the loan. As of December 31, 2016, it had correspondent agreements with 24 independently owned mortgage banking companies across the country with which the Company had relationships for GSE and HUD loan originations. The Company's correspondents assist it in evaluating loans, including pre-screening the borrowers, key principals and properties for program eligibility, coordinating due diligence, and providing market intelligence.

Underwriting and Risk Management

The Company uses various tools to manage its Fannie Mae risk-sharing exposure. These tools include an underwriting and approval process, evaluating, and modifying its underwriting criteria given the underlying multifamily housing market fundamentals, limiting its geographic, borrower and principal exposures, and using modified risk-sharing under the Fannie Mae DUS program.

The Company's underwriting process begins with a review of suitability for its investors and a detailed review of the borrower, key principals and the property. It reviews a borrower's financial statements for minimum net worth and liquidity requirements, as well as obtaining credit and criminal background checks. It also reviews a borrower's and principals' operating track record, including evaluating the performance of other properties owned by the applicable borrower and key principals. It also considers the borrower's and key principals' bankruptcy and foreclosure history. It reviews the fundamental value and credit profile of the underlying property, including an analysis of regional economic trends, appraisals of the property, and reviews of historical and prospective financials. Third-party vendors are engaged for appraisals, engineering reports, environmental reports, flood certification reports, zoning reports and credit reports.

Servicing and Asset Management

The Company services all loans that it originates for the GSEs, HUD, and its Proprietary Capital products and some of the loans for which it acts as a broker for institutional investors, primarily life insurance companies. It is an approved servicer for Fannie Mae, Freddie Mac, and HUD loans. Its servicing function includes loan servicing and asset management activities, such as carrying out all cashiering functions relating to the loan, including providing monthly billing statements to the borrower and collecting and applying payments on the loan; administering reserve and escrow funds for repairs, tenant improvements, taxes and insurance; obtaining and analyzing financial statements of the borrower and performing periodic property inspections; preparing and providing periodic reports and remittances to the GSEs, investors, master servicers, or other designated persons, and administering lien filings. It also outsources some of its servicing activities to a subservicer.

The Company competes with Wells Fargo, N.A., CBRE Group, Inc., Jones Lang LaSalle Incorporated, Marcus & Millichap, Inc., HFF, Inc., PNC Real Estate, Northmarq Capital, LLC, Berkeley Point Capital and Berkadia Commercial Mortgage, LLC.

7501 Wisconsin Ave Ste 1200E

ETFs Holding Walker and Dunlop Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Walker and Dunlop stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Walker and Dunlop stock holding. There are a total of 74 ETFs in records which are holding Walker and Dunlop stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
No. of
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
FNCLFidelity MSCI Financials Index ETFThe Fidelity MSCI Financials ETF tracks a market-cap-weighted index of stocks in the broad US financials sector. ...Full Details0.08%377
Full List
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
MMTMSPDR S&P 1500 Momentum Tilt ETFThe SPDR S&P 1500 Momentum Tilt ETF tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months. ...Full Details0.12%1240
Full List
SCHBSchwab US Broad Market ETFThe Schwab U.S. Broad Market ETF tracks a cap-weighted index of the largest 2,500 stocks in the US. ...Full Details0.03%2365
Full List
SPTMSPDR Portfolio Total Stock Market ETFThe SPDR Portfolio Total Stock Market ETF tracks a propritary index designed to provide exposure to broad US equities, covering the entire market-cap spectrum. ...Full Details0.03%2369
Full List
VFHVanguard Financials ETFThe Vanguard Financials ETF tracks the performance of the MSCI US Investable Market Financials 25/50 Index, which includes the financial stocks of the top 98% of US market by capitalization. ...Full Details0.1%408
Full List

See Full List of ETFs holding Walker and Dunlop stock in their respective portfolios.

Peer / Competitor Companies of Consumer Finance Services Sector

Along with Walker and Dunlop, Inc., the following other peer (competitor) companies also exist within the same Consumer Finance Services - Finance sector whose company profile and dividend history is as follows:

▶ AllianzGI NFJ Dividend Interest and Premium Strate (NFJ): NFJ Dividend, Interest& Premium Strategy Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to seek current income and gains, with a secondary ....See Detailed Company Profile,  Dividend History

▶ Ally Financial (ALLY): Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates throug....See Detailed Company Profile,  Dividend History

▶ America First Multifamily Investors (ATAX): America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifami....See Detailed Company Profile,  Dividend History

▶ American Express (AXP): American Express Company, incorporated on June 10, 1965, together with its subsidiaries, is a global services company. The Companys principal products and services are charge and credit card products, and ....See Detailed Company Profile,  Dividend History

▶ Atlanticus (ATLC): Atlanticus Holdings Corporation, incorporated on May 14, 2009, is focused on providing financial services. Through its subsidiaries, the Company offers an array of financial products and services. The Company operates ....See Detailed Company Profile,  Dividend History

▶ CIT DEL (CIT): CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and....See Detailed Company Profile,  Dividend History

▶ Consumer Portfolio (CPSS): Consumer Portfolio Services, Inc., incorporated on March 8, 1991, is a specialty finance company. The Companys business is to purchase and service retail automobile contracts originated primarily by franchised automobile ....See Detailed Company Profile,  Dividend History

▶ Credit Acceptance (CACC): Credit Acceptance Corporation, incorporated on August 23, 1972, offers financing programs that enable automobile dealers to sell vehicles to consumers. The Companys financing programs are offered through a network of ....See Detailed Company Profile,  Dividend History

▶ Discover Financial (DFS): Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards t....See Detailed Company Profile,  Dividend History

▶ Enova International (ENVA): Enova International, Inc., incorporated on September 7, 2011, is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged ....See Detailed Company Profile,  Dividend History

▶ Equifax (EFX): Equifax Inc., incorporated on December 20, 1913, is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in ....See Detailed Company Profile,  Dividend History

▶ Everi (EVRI): Everi Holdings Inc., incorporated on February 4, 2004, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc. (Everi Games Holding) and Everi Payments Inc. (Everi ....See Detailed Company Profile,  Dividend History

▶ Green Dot (GDOT): Green Dot Corporation (Green Dot), incorporated on October 26, 1999, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing ....See Detailed Company Profile,  Dividend History

▶ LendingTree (TREE): LendingTree, Inc. (LendingTree), incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Companys online marketplace provides consumers ....See Detailed Company Profile,  Dividend History

▶ LM Funding America (LMFA): LM Funding America, Inc., incorporated on April 20, 2015, is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFIN): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFINL): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Moody's (MCO): Moodys Corporation (Moodys), incorporated on June 2, 2000, is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk ....See Detailed Company Profile,  Dividend History

▶ Navient (JSM): Navient Corporation, incorporated on November 7, 2013, provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds ....See Detailed Company Profile,  Dividend History

▶ Nelnet (NNI): Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing ....See Detailed Company Profile,  Dividend History

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