Applications / Mortgage Analytics / Lenders / Maryland / Walker & Dunlop
Bethesda, MD · Non-bank or government lender · CFPB · 767 loans in 2025
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767
loans originated, 2025
951
applications, 2025
49
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Walker & Dunlop is not a home lender in the usual sense: its typical loan was $15.0 million, which points to large residential properties rather than single homes.
Its typical loan was $15.0 million, against $335,000 at similar lenders (non-bank or government lenders making between half and twice as many loans). Every loan it made was above the conforming limit. Loans of that size suggest large residential buildings, so dollar totals, loan sizes and market shares cannot fairly be set beside those of home lenders.
Refinances made up 69.5% of its loans and purchases 28.3%. Most were conventional; 5.9% were insured by the Federal Housing Administration (FHA), where the typical peer had none. No borrower incomes are reported, consistent with loans made to businesses rather than households.
Its typical rate was 5.40%, against 6.99% at its peers, lower than nearly all of them. The gap may reflect the different kind of loan rather than cheaper credit for comparable borrowers.
It made 767 loans in 2025, up 16% from 664, ahead of its peers' 10%. That is still below the 1,125 of 2021. It lent in 49 states and 196 metros, and has reported since 2012.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Walker & Dunlop took 951 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 69.5% · Purchase 28.3% · Home improvement 2.2%
Conventional 94.1% · FHA 5.9% · of 767 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 85 | 11.1% |
| Texas | 59 | 7.7% |
| Florida | 56 | 7.3% |
| Illinois | 34 | 4.4% |
| New York | 34 | 4.4% |
| Georgia | 32 | 4.2% |
| Wisconsin | 32 | 4.2% |
| Washington | 31 | 4.0% |
| North Carolina | 29 | 3.8% |
| Tennessee | 27 | 3.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Los Angeles-Long Beach-Glendale | 34 |
| Houston-Pasadena-The Woodlands | 21 |
| Atlanta-Sandy Springs-Roswell | 20 |
| New York-Jersey City-White Plains | 19 |
| Chicago-Naperville-Schaumburg | 18 |
| Kansas City | 17 |
| Phoenix-Mesa-Chandler | 16 |
| Denver-Aurora-Centennial | 15 |
| Portland-Vancouver-Hillsboro | 14 |
| Orlando-Kissimmee-Sanford | 13 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900YA1AQXNM8QVZ06 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3913099 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7800312140 |
Established 5 November 2008. Reported under HMDA 2012-2025.
Mergers, name changes, data editions and corrections: Walker & Dunlop's data.
Walker & Dunlop's data
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Walker & Dunlop and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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