Chronicle Journal: Finance

LendingStandard Announces New Client: Walker & Dunlop

By: PRLog
LendingStandard to Automate HUD Multifamily Origination, Underwriting, & Processing
KANSAS CITY, Kan. - Nov. 15, 2018 - PRLog -- Today LendingStandard announced the signing of its newest client, Walker & Dunlop, LLC.  Walker & Dunlop, a commercial Mortgage Banking firm, has retained LendingStandard to provide origination, underwriting, and processing automation for their HUD multifamily lending business.  Walker & Dunlop and LendingStandard have entered into a 3 year agreement for these services.

"As one of the top ranked HUD lenders by volume, it was important to Walker & Dunlop that we partner with a company that not only had an eye for innovation, but also a proven track record.  We were immediately impressed with LendingStandard's software platform, which was built specifically for HUD financing, and leverages technology to make a cumbersome process more efficient," says Ken Buchanan, Senior Vice President and Director of FHA Underwriting at Walker & Dunlop.

The LendingStandard LOS is an automated software platform for the origination, underwriting and processing of complex multifamily finance deals.  The platform's automation not only creates workflow efficiency by eliminating processing and underwriting redundancies, but also provides document management, compliance, 3rd party notification, and pipeline reporting functionalities for origination, analysis, underwriting and closing staff.

"We are very excited to have a leading edge firm like Walker and Dunlop join our growing list of multifamily lenders who have chosen our software solutions to increase their ability to finance good projects efficiently and maximize the growth of their businesses,"  says Andy Kallenbach, CEO & Founder of LendingStandard.

About Walker & Dunlop, LLC.

Walker & Dunlop (NYSE:WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine's Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop's 700+ professionals in 29 offices across the nation have an unyielding commitment to client satisfaction.

About LendingStandard

Founded in 2014, LendingStandard is the industry leader in automation and business process management solutions built specifically from the ground up for HUD, Fannie and Freddie lenders. The company offers a wide range of products and services designed to eliminate redundancy, create efficiency, and help its clients continue to grow their multifamily lending businesses.

Chad Summers

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