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1/21/16
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Walker & Dunlop’s commercial loan servicing portfolio surpassed $50 bil, as of December 31, 2015. The portfolio jumped from $40 bil in just 18 months, due to the dramatic volume of new loan originations during that period. Walker & Dunlop was ranked the 7th largest commercial mortgage servicer in the United States by the Mortgage Bankers Association as of June 30, 2015.
Here are some additional facts about the company’s servicing portfolio:
• Over 4,800 loans with an average servicing fee of 25 basis points
• Weighted average remaining term of the servicing portfolio of ten years with approximately 87% of the related servicing fees prepayment protected
• Within the $50 bil portfolio, Walker & Dunlop has risk exposure on $19.5 bil of loans originated predominantly for Fannie Mae, all of which are secured by multifamily properties
• There were no 60-day or 30-day delinquencies in the at-risk portfolio as of December 31, 2015
• Total write-offs within the past two years were 0.03% of the average at-risk portfolio
• The at-risk portfolio’s average loan-to-value ratio is 67%
According to Chairman and CEO Willy Walker, "The portfolio loans are supported by extremely strong multifamily market fundamentals, reflected in not having a single loan in our at-risk portfolio 30 or 60 days delinquent at the end of 2015.”
The company’s operating subsidiary, Walker & Dunlop LLC, is a rated Primary Servicer by Fitch. Walker & Dunlop LLC services loans on all types of commercial real estate properties on behalf of Fannie Mae, Freddie Mac, Ginnie Mae, life insurance companies, CMBS issuers, and others.
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