Agency lenders
Walker & Dunlop
Walker & Dunlop is a commercial real estate finance and advisory firm headquartered in Bethesda, Maryland, and publicly traded on the New York Stock Exchange under the ticker WD. Founded in 1937, it originates agency, FHA/HUD, bank, life company, CMBS, bridge, and structured debt, places joint venture and preferred equity, brokers investment sales, produces appraisals, manages capital, and services the loans it closes.
The firm organizes its lending by property type, with dedicated groups for conventional multifamily, small balance multifamily, affordable housing, manufactured housing communities, seniors housing and healthcare, student housing, build-to-rent, industrial, and data centers. Borrowers are assigned an analyst on each loan in the servicing portfolio as a single point of contact through the life of the loan, and servicing information runs through the WDSuite Servicing portal.
Walker & Dunlop services loans for Fannie Mae, Freddie Mac, HUD, and other capital sources, and holds a servicer rating of CPS1- from Fitch. Its published figures include a $144 billion loan servicing portfolio, a $115.3 billion GSE servicing portfolio in 2025, $7.64 billion of Fannie Mae loans completed in 2024, and over $67 billion in sales volume experience. The firm describes a footprint of more than 40 locations, in the United States and internationally.
Loan minimums, spreads, and fees are not published; the firm directs borrowers to its people directory to reach a specialist by market, property type, or business line.
Best for
Owners of manufactured housing communities, multifamily, and other commercial assets seeking agency, HUD, bridge, or structured debt at institutional loan sizes, plus sellers wanting investment sales run alongside the debt.
What they do
- Fannie Mae and Freddie Mac multifamily lending
- FHA and HUD financing
- Manufactured housing community financing
- Small balance multifamily lending
- Bridge and transitional financing
- Debt and equity placement and advisory
- Investment sales
- Affordable housing and LIHTC equity
- Appraisal and valuation advisory
- Commercial loan servicing and asset management
- Investment management through Walker & Dunlop Investment Partners
Details
| Attribute | Value |
|---|---|
| Founded | 1937 |
| Ownership | Public |
| Lender type | Agency |
| Recourse | Non-recourse |
What stands out
- Publicly traded on the New York Stock Exchange under the ticker WD, and founded in 1937.
- Reports a loan servicing portfolio of $144 billion, including a $115.3 billion GSE servicing portfolio in 2025.
- A rated servicer holding a CPS1- rating from Fitch, servicing for Fannie Mae, Freddie Mac, HUD, and other capital sources.
- Reports $7.64 billion of Fannie Mae loans completed in 2024.
- Cites over $67 billion in sales volume experience across its finance and investment sales platform.
- Describes a footprint of more than 40 locations in the United States and internationally.
Common questions
- Is Walker & Dunlop publicly traded?
- Yes. Walker & Dunlop is publicly traded on the New York Stock Exchange under the ticker symbol WD.
- How long has Walker & Dunlop been in business?
- The firm was founded in 1937 and says it has helped clients through nearly nine decades of changing commercial real estate markets.
- What types of commercial real estate financing does the firm arrange?
- Financing may include permanent loans, acquisition financing, construction loans, bridge and transitional financing, agency financing, CMBS financing, mezzanine debt, preferred equity, joint venture equity, and other structured capital. The appropriate structure depends on property type, business plan, timing, leverage, and investment objectives.
- How does loan servicing work after closing?
- An expert analyst is assigned to each loan in the servicing portfolio as a single point of contact. Loan administration handles payments, escrow accounts, ARM adjustments, and payoffs; licensed insurance compliance specialists handle insurance matters; and asset managers monitor property performance, condition, and loan document compliance. Loan information is available through the WDSuite Servicing portal.
- Where does Walker & Dunlop operate?
- The firm is headquartered in Bethesda, Maryland and serves clients across the United States through offices in major markets, as well as internationally, including London.