Firm creates a platform that automates loan sizing and pricing
Walker & Dunlop has launched a new digital platform to help small-balance multifamily lending businesses scale rapidly.
The platform, powered by machine learning, uses predictive algorithms and property cash flows to automatically generate quotes in minutes. Investors using the platform can also get interest rate and property value calculations.
“Multifamily investors want a faster and more transparent borrowing experience,” said Alison Williams, senior vice president and chief production of Walker & Dunlop. “That’s why we asked our data scientists and engineers to automate loan sizing and pricing. 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 said that it will continue to accelerate the growth of its small multifamily loan platform by automating underwriting processes and expanding its premier multifamily lending brand. The commercial real estate lender originated $31 billion in transactions and financed over $24 billion of multifamily properties in 2020.
Read more: Commercial and multifamily originations running at record levels
According to the Mortgage Bankers Association, commercial and multifamily borrowing and lending hit a record annual pace in the third quarter. Commercial and multifamily originations rose 19% month over month in Q3.
“Overall commercial real estate borrowing and lending are running at high levels, but there continues to be an important differentiation by property type,” said Jamie Woodwell, MBA’s vice president of commercial real estate research.
