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WALKER & DUNLOP 7501 Wisconsin Avenue I Suite 1200E | Bethesda | Maryland 120814-6531 FOR IMMEDIATE RELEASE SECOND QUARTER 2021 HIGHLIGHTS ● ● ● Walker & Dunlop Revenues Increase 11 % to $ 281 Million as Services Businesses Expand Dramatically YEAR - TO - DATE 2021 HIGHLIGHTS ● ● Total transaction volume of $ 13.5 billion , up 90 % from Q2'20 Total revenues of $ 281.4 million , up 11 % from Q2'20 Net income of $ 56.1 million and diluted earnings per share of $ 1.73 , down 10 % and 11 % , respectively , from Q2'20 Adjusted EBITDA¹ of $ 66.5 million , up 37 % from Q2 20 Servicing portfolio of $ 112.3 billion at June 30 , 2021 , up 12 % from June 30 , 2020 Benefit for credit losses of $ 4.3 million resulted in a $ 0.10 benefit to diluted earnings per share Declared quarterly dividend of $ 0.50 per share for the third quarter Total transaction volume of $ 22.6 billion , up 22 % from 2020 Total revenues of $ 505.7 million , up 4 % from 2020 Net income of $ 114.1 million and diluted earnings per share of $ 3.52 , up 4 % and 2 % , respectively , from 2020 Adjusted EBITDA¹ of $ 127.2 million , up 13 % from 2020 Bethesda , MD - August 5 , 2021 - Walker & Dunlop , Inc. ( NYSE : WD ) ( the " Company " ) reported second quarter 2021 total revenues of $ 281.4 million , an increase of 11 % year over year . Net income for the second quarter of 2021 was $ 56.1 million , or $ 1.73 per diluted share , down 10 % and 11 % , respectively , from the second quarter of 2020. Second quarter total transaction volume of $ 13.5 billion was up 90 % from the second quarter of 2020 , driven by record volumes of brokered debt and property sales , which increased 320 % and 648 % , respectively . Second quarter 2021 adjusted EBITDA¹ was $ 66.5 million , up 37 % over the same period in 2020. The Company held $ 326.5 million of cash and cash equivalents as of June 30 , 2021 . Willy Walker , Chairman and CEO , commented , " We generated total revenues of $ 281 million , up 11 % from the second quarter of 2020 , with a dramatic increase in the cash component of our revenues due to record debt brokerage and property sales volumes in the quarter . As a result , adjusted EBITDA was up 37 % year - over year to $ 67 million . " Mr. Walker continued , " The investments we are making to hire the very best people , expand our brand , and apply innovative tech nology to our business are resulting in broader capabilities at Walker & Dunlop , reflected in the 90 % increase in transaction volume in Q2 . These investments in people , brand and technology are transforming our business from a mortgage - focused specialty finance company into a technology - enabled real estate services firm that executes and delivers capital solutions better , faster , and cheaper . As the fourth largest lender on commercial real estate in the United States , yet with only 1,100 employees , W & D is uniquely positioned to combine our people , brand and technology to scale our lending and services businesses into new markets , as we are doing today in small balance lending and appraisals , and accelerate our growth . "