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● ● THIRD QUARTER 2021 HIGHLIGHTS ● WALKER & DUNLOP ● 7501 Wisconsin Avenue | Suite 1200E | Bethesda I Maryland 120814-6531 FOR IMMEDIATE RELEASE ● Walker & Dunlop Reports 35 % Growth in Net Income and 60 % Growth in Adjusted EBITDA on Revenues of $ 346 Million Record total transaction volume of $ 18.5 billion , up 120 % from Q3'20 Total revenues of $ 346.3 million , up 40 % from Q3'20 Net income of $ 71.7 million and diluted earnings per share of $ 2.21 , up 35 % and 33 % , respectively , from Q3'20 Record adjusted EBITDA¹ of $ 72.4 million , up 60 % from Q3'20 Servicing portfolio of $ 113.9 billion at September 30,2021 , up 10 % from September 30 , 2020 Completed the acquisition of Zelman & Associates ( " Zelman " ) YEAR - TO - DATE 2021 HIGHLIGHTS Agreed to acquire Alliant Capital ( " Alliant " ) Declared quarterly dividend of $ 0.50 per share for the fourth quarter Total transaction volume of $ 41.1 billion , up 53 % from 2020 Total revenues of $ 852.0 million , up 16 % from 2020 Net income of $ 185.8 million and diluted earnings per share of $ 5.73 , up 14 % and 12 % , respectively , from 2020 Adjusted EBITDA¹ of $ 199.6 million , up 27 % from 2020 Bethesda , MD November 4 , 2021 Walker & Dunlop , Inc. ( NYSE : WD ) ( the " Company " ) reported third quarter 2021 total revenues of $ 346.3 million , an increase of 40 % year over year . Net income for the third quarter of 2021 was $ 71.7 million or $ 2.21 per diluted share , up 35 % and 33 % , respectively , from the third quarter of 2020. Third quarter total transaction volume of $ 18.5 billion , a record and up 120 % from the third quarter of 2020 , was achieved due to the investments over the past several years in top bankers and brokers across the country to meet our customers ' needs in an extremely active market . Third quarter 2021 adjusted EBITDA was a record at $ 72.4 million , up 60 % over the same period in 2020 . - - " Exceptional people , a dramatically expanded brand , and innovative technology produced record financial results for Walker & Dun lop in the third quarter and a 35 % increase in net income , " commented Willy Walker , Chairman and CEO . " Fee based revenue from debt and property brokerage has surged in 2021 , boosting Q3 adjusted EBITDA to $ 72 million , a dramatic 60 % increase from Q3 2020. This is due to the breadth of our service offerings , technology , and the W & D team collaborating to meet our clients ' needs . " Mr. Walker continued , " The growth and diversification of W & D from a mortgage - focused specialty finance company into a technol ogy - enabled real estate services firm continues to gain momentum . Technology played a large role in Q3 record transaction volume of $ 18.5 billion . Multifamily property sales , a business we entered only six years ago , contributed huge growth in the quarter and is scaling significantly faster than the market . And our emerging digital businesses of small loan lending and appraisals grew volumes 69 % and 586 % , respectively , leveraging off the people , brand , and technology of W & D . With only 1,200 employees and an incredibly healthy commercial real estate market that continues to attract massive capital flows , W & D is exceptionally well positioned to con tinue gaining market share and delivering strong financial results . " 1