National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Walker & Dunlop Launches Digital Lending Platform for Small Balance Borrowers
Walker & Dunlop, Inc. has launched a digital lending platform powered by machine learning, with the goal of dramatically growing its small balance multifamily lending business. The platform can generate quotes in minutes using predictive algorithms and property cash flows, the Bethesda, MD-based commercial real estate lender said Tuesday.
“Multifamily investors want a faster and more transparent borrowing experience,” said Alison Williams, SVP and chief production officer at Walker & Dunlop. “That’s why we asked our data scientists and engineers to automate loan sizing and pricing.”
She added, “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.”
The company noted that multifamily loans under $10 million in size accounted for $80 billion in total loan volume in 2020 and 22% of all commercial mortgage originations.
- ◦Financing
