Walker & Dunlop
Walker & Dunlop is the lender apartment owners hear about for agency loans. Its 10-K cites the agencies’ own 2025 rankings and a combined 11.2% share. It also shares risk: on Fannie Mae DUS loans it generally covers losses up to 20% of the original loan amount, so it underwrites with its own money at stake.
Last verified: 2026-10-20
Unscored
Public. Multifamily and commercial lender, servicer, investment manager and LIHTC syndicator.
Not scored. Not financial advice.
Not financial advice. We describe what companies disclose in their filings. We do not quote rates or recommend a lender. Compare official Loan Estimates before choosing.
At a glance
| Legal entity | Walker & Dunlop, Inc. (NYSE: WD) |
| Headquarters | Bethesda, MD |
| Segment | Commercial and multifamily lenders |
| Scale (as published) | $144.0B servicing portfolio (Dec 31, 2025) |
| Score | Unscored |
What the sources reveal
Walker & Dunlop is the lender apartment owners hear about for agency loans. Its 10-K cites the agencies’ own 2025 rankings and a combined 11.2% share. It also shares risk: on Fannie Mae DUS loans it generally covers losses up to 20% of the original loan amount, so it underwrites with its own money at stake.
Key facts
| Fact | Source | Checked |
|---|---|---|
| Fannie Mae ranked it its largest DUS lender in 2025, and Freddie Mac its 3rd largest lender, by loan deliveries. | source | |
| Combined Fannie Mae and Freddie Mac market share of 11.2% by loan deliveries in 2025 (10.7% in 2024). | source | |
| Servicing portfolio $144.0B at Dec 31, 2025, the 6th largest commercial/multifamily primary and master servicing portfolio, per the MBA survey it cites; includes $11.6B of HUD loans. | source | |
| Under Fannie Mae DUS it generally shares losses, capped at 20% of the original loan amount. | source | |
| 2025 revenues $1,234.3M; net income $56.2M (XBRL). | source |
Who it’s actually for
- Apartment, affordable and seniors housing owners seeking Fannie Mae, Freddie Mac or HUD financing.
- Owners who want one firm for financing, sales and servicing.
What we could not verify
- Loan pricing and spreads.
- Rankings for non-agency lending.
Related
Lenders, mortgage and title hub · All profiles
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Profile published from sources read this day.
Sources
- Walker & Dunlop Form 10-K for 2025 · accessed 2026-10-20
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