Walker & Dunlop (WD) Loan Origination Up 76% in FY12; Boosts FY13 Outlook
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Walker & Dunlop, Inc. (NYSE: WD) announced 2012 loan origination volume of $7.1 billion, an increase of 76% over 2011. Due to the acquisition of CWCapital LLC ("CWCapital") on September 4, 2012, Walker & Dunlop's 2012 financial statements and loan origination volumes reflect eight months of activity on a stand-alone basis and four months as a combined enterprise. For industry league table reporting purposes, the Company will report Walker & Dunlop and CWCapital's 2012 loan origination volumes on a combined basis. The Company ended the year with a loan servicing portfolio of $35.2 billion, up 110% over 2011.
"Our goal is to be the premier commercial real estate finance company in the United States. Our path toward that goal benefited greatly from hiring talented loan originators and acquiring CWCapital in 2012," commented Willy Walker, Walker & Dunlop's Chairman, President and Chief Executive Officer. "Walker & Dunlop has grown rapidly into one of the largest commercial real estate lenders in the United States, and our increased scale and market position are reflected in the significant growth in origination volumes. Building on the success of 2012, and the continued integration of CWCapital, we are raising our 2013 loan origination guidance from $8 to $10 billion to $10 to $12 billion," Mr. Walker added.
"Our goal is to be the premier commercial real estate finance company in the United States. Our path toward that goal benefited greatly from hiring talented loan originators and acquiring CWCapital in 2012," commented Willy Walker, Walker & Dunlop's Chairman, President and Chief Executive Officer. "Walker & Dunlop has grown rapidly into one of the largest commercial real estate lenders in the United States, and our increased scale and market position are reflected in the significant growth in origination volumes. Building on the success of 2012, and the continued integration of CWCapital, we are raising our 2013 loan origination guidance from $8 to $10 billion to $10 to $12 billion," Mr. Walker added.
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