Walker & Dunlop

Office address: 7272 Wisconsin Avenue, Suite 1300, Bethesda, MD 20814
Website: www.walkerdunlop.com
Year established: 1937
Company type: financial services
Employees: 1,300+
Expertise: commercial real estate finance, investment sales, apartment financing, small balance loans, property sales, multifamily sales, appraisals, housing research
Parent company: N/A
CEO and key people: Willy Walker (chair and CEO), Paula Pryor (EVP and CHRO), Steve Theobald (EVP and COO), Greg Florkowski (EVP and CFO), Aaron Perlis (EVP and CIO – WDTech), Richard Lucas (EVP and general counsel), Carol McNerney (CMO)
Financing status: N/A

Walker & Dunlop is a provider of commercial real estate finance and advisory services in the United States, headquartered in Bethesda, Maryland. The company has a market capitalization of $3.16 billion as of early 2024 and had over $44 billion in debt origination in 2022. The firm employs over 1,300 people and has a loan servicing portfolio valued at $131 billion, with over 2,500 appraisals and 10,000 research reports.

History of Walker & Dunlop

Founded in 1937 by Oliver Walker and Laird Dunlop, Walker & Dunlop has expanded significantly through strategic acquisitions and innovations. The company went public in 2010 and has since acquired multiple firms, improving its service offerings in real estate finance.

Notable acquisitions:

  • CWCapital in 2012 for $234 million
  • FourPoint Investment Sales Partners in 2021
  • Zelman & Associates in 2021
  • GeoPhy in 2022 for $85 million

These have further broadened Walker & Dunlop’s market influence.

Products and Services of Walker & Dunlop

Walker & Dunlop provides an array of mortgage-related products and other services designed to meet the needs of its clients. Key offerings include:

  • commercial lending: offers a variety of loan products for real estate, including bridge loans, refinancing, and construction financing
  • multifamily finance: specializes in financing for multifamily properties through various programs including Fannie Mae's DUS
  • capital markets: provides comprehensive advisory services for real estate investments
  • investment sales: specializes in property sales and real estate investment transactions
  • asset management: manages a range of real estate investment portfolios to optimize returns
  • property valuation: delivers precise property appraisals and advisory services
  • FHA finance: loans for healthcare facilities, senior housing, and other properties under HUD programs

Culture at Walker & Dunlop

Walker & Dunlop fosters a supportive workplace, emphasizing employee well-being with competitive benefits and a commitment to equality and diversity. The company offers comprehensive employee benefits, each designed to support various aspects of their employees' lives:

  • competitive salaries and bonuses
  • retirement plans and 401(k) matching
  • service awards
  • health coverage and life insurance
  • disability benefit
  • family benefits and paid leave
  • paid holidays and vacation time
  • flexible work schedules

Walker & Dunlop promotes collaboration, professional growth, and community involvement as part of its culture. They encourage employees to engage in local volunteer activities and pursue career advancement within a supportive environment. The company is committed to ESG principles, actively working to:

  • preserve affordable housing
  • reduce its carbon footprint
  • support charitable initiatives
  • undergo donation matching
  • financially contribute for employee volunteer time

About Walker & Dunlop CEO Willy Walker and Key People

Willy Walker has served as the CEO and chairman of Walker & Dunlop since 2007. He has extensive experience in being a board member in organizations such as St. Albans School, Mortgage Bankers Association, Children’s National Hospital, and more. Walker holds an MBA from Harvard University and a bachelor’s degree from St. Lawrence University.

Supporting him is a team of executives:

  • Paula Pryor, EVP and CHRO, focuses on human resources strategy and all functions concerning people and relations
  • Steve Theobald, EVP and COO, oversees operational aspects, such as marketing, servicing, and more
  • Greg Florkowski, EVP and CFO, manages financial operations and operates with the executive department
  • Aaron Perlis, EVP and CIO - WDTech, leads technology initiatives and the IT department
  • Richard Lucas, as the EVP and general counsel, handles legal matters and helps oversee human resources and internal audit functions
  • Carol McNerney, the CMO, oversees and directs marketing strategies of the company

The Future at Walker & Dunlop

Walker & Dunlop’s $85 million acquisition of GeoPhy is aimed at boosting its tech-driven services, aligning with its "Drive to '25" strategy. Additionally, it acquired Alliant Capital for $696 million to expand its role in the affordable housing sector, merging Alliant’s expertise in tax credit syndication. The company’s strategic acquisitions and proactive financial policies are set to progress its position in the US commercial real estate finance.

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