Walker & Dunlop, Inc. announced the launch of a new digital lending platform powered by machine learning to dramatically grow its small balance multifamily lending business.
“Multifamily investors want a faster and more transparent borrowing experience,” commented Walker & Dunlop Senior Vice President and Chief Production Officer Alison Williams. “That’s why we asked our data scientists and engineers to automate loan sizing and pricing.” Mrs. Williams continued, “We created a more efficient process for investors to review financing options, tailor them to their projects’ needs, and monitor the loan process with dramatically more transparency – all through our custom-built technology.”
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Walker & Dunlop’s small balance technology platform brings the following advantages:
- Streamlined lending experience that automatically generates quotes in minutes utilizing predictive algorithms and property cash flows
- Interest rate and property value calculations using proprietary data on real-time rents, expenses, and sales comparables
- Greater transparency of loan terms from quote to close
Walker & Dunlop will continue to accelerate the growth of its small multifamily loan platform by automating underwriting processes, expanding its brand as the premier multifamily lender in the US, and combining its best-in-class people with best-in-class technology to deliver the best financing experience to our clients.
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Walker & Dunlop is the top provider of capital to the U.S. multifamily market, originating $31 billion in transactions and financing over $24 billion of multifamily properties in 2020. The company is also a top-ranked Agency lender and was named the #1 Fannie Mae DUS® Lender and #4 Freddie Mac Optigo® Lender in 2020. Walker & Dunlop’s dedicated team has experience with all loan types within the small multifamily l**** space, including Freddie Mac Small Balance L**** and Fannie Mae Multifamily Small L****, which provide financing for different property types, such as market-rate properties, mixed-use properties, and manufactured housing communities (MHC).
Multifamily l**** under $10 million in size accounted for $80 billion in total loan volume in 2020 and 22% of all commercial mortgage originations. This fast-growing market is highly fragmented with more than 3,000 capital providers. Walker & Dunlop is using its people, brand, and technology to scale rapidly and grow market share in this exciting market.
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