Significant Transaction Volume Increase
Walker & Dunlop reported a total transaction volume of $15.5 billion for the third quarter, a 34% increase year-over-year.
Strong Revenue and Earnings Growth
Third quarter revenues reached $338 million, up 16% year-over-year, with diluted earnings per share increasing by 15% to $0.98.
GSE Lending Volume Growth
Freddie Mac lending increased by 137% to $3.7 billion, and Fannie Mae volumes grew by 7% to $2.1 billion.
Investment Sales Volume Surge
Q3 investment sales volume increased by 30% to $4.7 billion, outperforming the overall market growth of 17%.
Technology-Enabled Business Growth
Appraisals revenue increased by 21%, and small balance lending revenues grew by 69%.
High Credit Quality in Portfolio
The at-risk servicing portfolio showed strong performance with only 10 defaulted loans, totaling just 21 basis points.