Walker & Dunlop, Inc. announced on February 9 2026 that it was named the largest Fannie Mae DUS® lender by volume for 2025, marking the seventh straight year the company has held that title. The announcement also revealed that Walker & Dunlop finished 2025 as the second‑largest GSE lender overall, with $16.8 billion in loan volume to Fannie Mae and Freddie Mac, and as the third‑largest Freddie Mac Optigo® lender, with $7.9 billion in originations.
The 2025 volumes underscore Walker & Dunlop’s dominant position in the multifamily financing market. The $16.8 billion in total GSE originations represents a 12% share of the $140 billion total volume that Fannie Mae and Freddie Mac originated that year, while the $7.9 billion in Optigo originations accounts for 18% of Freddie Mac’s Optigo portfolio. These figures place the company well ahead of its nearest competitors, such as Wells Fargo and CBRE, which reported $9.5 billion and $8.3 billion respectively.
The sustained leadership is driven by a combination of deep, long‑standing relationships with the GSEs, a technology‑enabled operating model, and a robust pipeline of multifamily refinancing opportunities. Walker & Dunlop’s proprietary platforms—Galaxy, Client Navigator, and WDSuite—streamline underwriting, pricing, and servicing, allowing the firm to capture a larger share of the projected $97 billion refinancing wall expected by 2028. In 2025, the company’s technology stack helped close 3,200 refinances, a 15% increase over 2024, and contributed to a 9% rise in servicing revenue.
Willy Walker, Chairman and CEO, said the streak “speaks to the people and execution of Walker & Dunlop and Fannie Mae.” He added that the company’s move from #4 to #3 in Freddie Mac rankings was a result of a 47% increase in Optigo originations, reflecting both stronger demand for multifamily assets and the firm’s ability to price competitively. Walker also highlighted that multifamily remains the largest commercial real‑estate asset class, with over 50% of U.S. commercial debt tied to multifamily properties, reinforcing the strategic importance of the company’s GSE relationships.
The ranking reinforces Walker & Dunlop’s competitive moat and supports its transaction‑driven capital markets segment. The firm’s recurring servicing portfolio, which generated $1.2 billion in 2025, provides a stable revenue base that offsets the cyclical nature of originations. The company’s strong positioning also signals resilience amid rising interest rates, as the multifamily sector continues to attract investors seeking stable cash flows. Analysts note that the firm’s ability to maintain top rankings in both Fannie Mae and Freddie Mac markets positions it to capture a larger share of the refinancing wave, potentially driving higher transaction volumes and servicing income in the coming years.
Fannie Mae’s overall multifamily financing volume rose 34% to $74 billion in 2025, the highest level in a decade, reflecting robust demand for multifamily assets. Walker & Dunlop’s share of that volume, combined with its technology advantage and strong GSE relationships, suggests the company is well positioned to capitalize on the continued growth of the multifamily market and the anticipated refinancing opportunities.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.