BETHESDA, Md., Sept. 10, 2015 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that it has been approved as a Freddie Mac Program Plus® Seller in Alabama and Tennessee, bringing the total number of states where Walker & Dunlop is licensed to sell Freddie Mac loans secured by multifamily properties to 25, including the District of Columbia.
Walker & Dunlop began working with Freddie Mac in 2009, and since that time, has dramatically grown the Company's market share amidst an exceedingly competitive landscape of the country's largest banks and mortgage brokerage firms. From originating 1% of Freddie Mac's multifamily loans in 2009, Walker & Dunlop finished 2014 as Freddie Mac's 3rd largest Program Plus® Seller with 10% market share, and through Q2 2015, has originated 15% of Freddie Mac's total multifamily loan originations in a record volume year.
"We are very pleased that Freddie Mac has given us the ability to partner with them in Alabama and Tennessee," commented Howard Smith, president of Walker & Dunlop. "In August we expanded our national platform by adding an office in Birmingham, Alabama and these approvals will support our continued growth with Freddie Mac in that region and beyond, as we strive to become their largest partner."
John Cannon, senior vice president of Freddie Mac Multifamily, added, "We are pleased to expand our partnership with Walker & Dunlop and look forward to working with them to finance multifamily properties in Alabama and Tennessee."
Walker & Dunlop provides financing for the acquisition, refinance and rehabilitation of multifamily communities throughout the country. Freddie Mac's flexible product lines deliver numerous financing solutions including conventional fixed-rate mortgages, adjustable-rate mortgages, Freddie Mac Student Housing MortgagesSM, seniors housing mortgages and credit facilities.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has almost 500 professionals in 25 offices across the nation with an unyielding commitment to client satisfaction.
SOURCE Walker & Dunlop, Inc.