Source: Walker & Dunlop / #Multifamily #Finance
BETHESDA, MD - Walker & Dunlop, Inc. announced that its volume of over $4 billion in multifamily loan originations for Fannie Mae in 2012 made it the top DUS lender in the country. Fannie Mae published the list of lenders that produced the highest volume through the DUS platform in 2012 on February 4, 2013. Walker & Dunlop has been a DUS lender since the program's inception in 1988 and has moved from being the #10 producer in 2007 to the #1 producer in 2012.
The DUS program, which stands for Delegated Underwriting and Servicing, is unique in that private lenders who originate multifamily loans for Fannie Mae retain the first loss position in those loans. The DUS program maintained extremely low default rates throughout the financial crisis, and when there were losses, private capital, not Fannie Mae, paid first.
"It is incredibly exciting to see Walker & Dunlop recognized as the top Fannie Mae DUS lender by volume in 2012 in the country," commented Willy Walker , Chairman and CEO. "Only five years ago we were the 10th largest DUS lender, struggling to keep up with the country's largest financial services firms who dominated this business. Moving up in the rankings so quickly is extremely rewarding and is due to the exceptional work of the professionals at Walker & Dunlop and Fannie Mae." Walker continued, "The Fannie Mae DUS program is a model public-private partnership that puts private capital at risk before taxpayer capital and has provided the platform for a firm like Walker & Dunlop to effectively grow and compete with the country's largest financial services firms."
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending.