Walker & Dunlop Adds Machine Learning to Lending Platform
The platform is described as delivering “a faster, more transparent borrowing experience.”
Walker & Dunlop continues to advance its lending operations, launching a new digital lending platform powered by machine learning to grow its small balance multifamily business.
Walker & Dunlop says its small balance technology platform can generate quotes in minutes using predictive algorithms and property cash flows. It also uses proprietary data on real-time rents, expenses, and sales comparables to make interest rate and property value calculations.
“Multifamily investors want a faster and more transparent borrowing experience,” Walker & Dunlop Senior Vice President and Chief Production Officer Alison Williams, said in prepared remarks. “We’ve created a more efficient process for investors to review financing options, tailor them to their projects’ needs, and monitor the loan process with dramatically more transparency—all through our custom-built technology.”
It is the latest addition to the company’s roster of offerings, having acquired TapCap as well as Alliant Capital in recent months. Another recent move: Walker & Dunlop Investment Partners partnered with Ivanhoé Cambridge, a Canadian real estate company with assets around the globe, to form a programmatic joint venture.