Walker & Dunlop Ranked Top Lender for Fannie Mae, Freddie Mac in 2025

Multifamily finance firm maintains leading position with GSEs for seventh consecutive year

Feb. 9, 2026 at 6:23am

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Walker & Dunlop, a major commercial real estate finance and advisory services firm, announced that it was recognized as the largest Fannie Mae DUS® lender by volume in 2025, marking the seventh consecutive year it has held this top position. The company also finished 2025 as the #3 Freddie Mac Optigo® lender, with a total volume of $7.9 billion.

Why it matters

Walker & Dunlop's continued dominance as a top lender for Fannie Mae and Freddie Mac, the two largest government-sponsored enterprises (GSEs) in the multifamily housing finance market, demonstrates its strength and expertise in the commercial real estate industry. This leadership position allows the firm to play a crucial role in providing financing for multifamily properties across the United States.

The details

In addition to being Fannie Mae's largest multifamily lending partner by volume at $8.9 billion, Walker & Dunlop was also recognized by Fannie Mae as the #1 Producer for Small Loans, #3 Producer for Structured Transactions, and #4 Producer for Multifamily Affordable Housing. On a combined basis, the company finished the year as the #2 GSE lender, delivering $16.8 billion in loan volume to Fannie Mae and Freddie Mac.

  • Walker & Dunlop was recognized as the largest Fannie Mae DUS® lender by volume in 2025.
  • The company finished 2025 as the #3 Freddie Mac Optigo® lender, with a total volume of $7.9 billion.

The players

Walker & Dunlop

A major commercial real estate finance and advisory services firm that has been the largest Fannie Mae DUS® lender for seven consecutive years.

Fannie Mae

One of the two largest government-sponsored enterprises (GSEs) in the multifamily housing finance market.

Freddie Mac

One of the two largest government-sponsored enterprises (GSEs) in the multifamily housing finance market.

Willy Walker

The chairman and CEO of Walker & Dunlop.

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What they’re saying

“What a partnership! Seven years in a row as the largest Fannie Mae DUS® lender in the country speaks volumes about the people and execution of Walker & Dunlop and Fannie Mae.”

— Willy Walker, Chairman and CEO of Walker & Dunlop

“We are extremely proud to have moved up from #4 to #3 with Freddie Mac after increasing loan origination volumes by 47% in 2025.”

— Willy Walker, Chairman and CEO of Walker & Dunlop

“Multifamily is by far the largest commercial real estate asset class in the United States, with over 50% of the commercial real estate debt outstanding being on multifamily properties. Being the second-largest GSE lender is not only a tremendous accomplishment, but places Walker & Dunlop at the very top of an exceedingly competitive and robust commercial real estate lending industry.”

— Willy Walker, Chairman and CEO of Walker & Dunlop

The takeaway

Walker & Dunlop's continued leadership as a top lender for Fannie Mae and Freddie Mac, the two largest GSEs in the multifamily housing finance market, solidifies its position as a dominant player in the commercial real estate industry. The firm's ability to maintain this top-tier status for seven consecutive years is a testament to its expertise, execution, and strong partnerships within the multifamily financing space.