From the Wires
Walker & Dunlop Announces 2012 Loan Origination Volume of $7.1 Billion and Increases 2013 Origination Guidance
By: PR Newswire
Jan. 10, 2013 08:55 AM
BETHESDA, Md., Jan. 10, 2013 /PRNewswire/ -- Walker & Dunlop, Inc. (the "Company") (NYSE: WD) announced today 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.
Loan origination and servicing volumes by investor were as follows:
Origination and servicing volumes in this release are unaudited, and these amounts may be adjusted as the Company completes its year-end audit. The Company is releasing the unaudited 2012 loan origination and servicing volumes in order to participate in industry surveys. No conclusions should be drawn about the Company's fourth quarter 2012 results from these announced volumes. The Company's fourth quarter 2012 financial results are expected to be published in early March.
About Walker & Dunlop
Forward Looking Statements
The forward-looking statements contained in this release reflect our current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed or contemplated in any forward-looking statement.
While forward-looking statements reflect our good faith projections, assumptions and expectations, they are not guarantees of future results. Furthermore, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes, except as required by applicable law. For a further discussion of these and other factors that could cause future results to differ materially from those expressed or contemplated in any forward-looking statements, see the section entitled ''Risk Factors" in our most recent Annual Report on Form 10-K and in our subsequent SEC filings.
SOURCE Walker & Dunlop, Inc.
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