Walker and Dunlop has licensed the commercial serving platform from SS&C Technologies Holdings Inc. In addition to loan servicing, the platform will support asset management, insurance compliance, document management and investor reporting.
“SS&C invested significant time with our team to develop an in-depth understanding of our business and requirements,” said Jim Schroeder, senior vice president of loan servicing for Walker & Dunlop. “They delivered a comprehensive loan servicing solution with the flexibility to outsource select functions to optimize operational efficiency and scale.” Walker and Dunlop’s loan portfolio is $78 billion.
Walker and Dunlop was the seventh largest commercial mortgage servicer in the United States, with a servicing portfolio that totaled $77.9 billion, as of June 30. In 2017, Walker and Dunlop was the No. 1 Fannie Mae DUS Lender, number two GSE Lender, No. 3 Freddie Mac Multifamily Approved Seller-Servicer and No. 4 HUD Multifamily Lender.
The platform supports commercial-multifamily loan programs, from among others Freddie Mac, Fannie Mae, the Department of Housing and Urban Development, Bridge and Life Company.
SS&C will provide cloud-based software and outsourcing services including Precision LM for loan servicing, and AWD, an enterprise business process management system, which combines automation, workforce optimization and digital transformation for insurance compliance and renewals.
Walker and Dunlop has specialized in providing customized financing solutions to owners and operators of commercial real estate properties across the United States since 1937.
“Our loan servicing software like Precision LM with expert outsourcing services and complementary technologies such as AWD, positions SS&C as a strategic partner for large, complex servicers like Walker and Dunlop,” said Rahul Kanwar, president and CEO of SS&C.
