BETHESDA, MD-Walker & Dunlop posted third-quarter figures Thursday morning that paint a picture of a financial services company experiencing steroid-fueled growth. Most significantly for end users or customers, the company reported loan originations of $2.2 billion, up 141% over third-quarter 2011. Much of that was due to the CWCapital acquisition but a nice portion--23%--was due to the Walker & Dunlop platform.

W&D also reported adjusted net income of $14.3 million or $0.56 per diluted share, up 135% over third-quarter 2011 and GAAP net income of $7.1 million or $0.28 diluted share, up 17% year over year. Total revenues reached $70.1 million, for a 110% year over year increase.

The earnings were reported on the company's 75th anniversary, CEO Willy Walker notes. "There's an exciting growth story to be told about us," he says. "We have posted some pretty significant growth in the past year as well as significant movement in the league tables. The company will continue to grow its agency business as well as focus on the integration of CWCapital.

It is also growing originations in non-multifamily assets, including the office, retail and hotel categories, Walker says. It has expanded its locally-based capital-markets group by opening offices in Wisconsin and Florida and plans to continue to expand its footprint in the Southwest and California. The company is also growing its servicing portfolio; for Q3 it reported that it totaled $33.9 billion, up 113% from the third quarter 2011.

Walker & Dunlop expects to originate between $6.7 billion and $7.4 billion of commercial mortgages in 2012 and between $8 billion and $10 billion of commercial mortgages in 2013.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.