Walker & Dunlop Continues Technological Expansion With Acquisition Of TapCap – Commercial Observer


Commercial real estate financier Walker & Dunlop (W&D) continued its recent campaign of M&A activity with the purchase of a fintech company, TapCap, W&D announced today.

Over the past 18 months, W&D has taken a series of steps to expand its traditional commercial real estate finance capabilities, while separately acquiring or partnering with fintech companies to help automate and streamline its processes. internal.

The addition of TapCap marks another step in the company’s five-year growth strategy, this time to help further automate loan application and origination through proprietary software that provides real-time quotes for loans. multi-family, with the aim of making the borrower’s experience easier. and more transparent. The purchase is seen as a measure to help him achieve his ambitious low-balance loan origination goals.

“We have invested heavily this year in loan origination talent to grow our small loans to $ 5 billion by 2025,” said Alison williams, who serves as W&D Low Balance Loan Production Manager. “But, entering the low-balance loan market requires cutting-edge technology to reduce costs, while delivering a great customer experience. The addition of TapCap’s technology will make our lending processes more transparent, efficient and scalable, and accelerate our growth to $ 5 billion.

Founder and CEO of TapCap Zac Rosenberg separated from the family business, Gray stone, about two years ago to launch the fintech startup. He had spent the previous four years as a Director, leading the development of various online subscription and origination tools in Greystone Laboratories, the society technological innovation center. Rosenberg will maintain a leadership position within the W&D technology group.

“TapCap is focused on efficiency and how to remove friction from the borrower experience, while reducing loan underwriting and closing costs,” said W&D CTO. Aaron Perlis.

This addition only adds to W & D’s recent efforts to extend its artificial intelligence and machine learning prowess in the areas of assessment, underwriting and origination. Two years ago, W&D acquired Enodo, a B2C software company specializing in using AI and machine learning in underwriting. And, in January 2020, it in partnership with a technology company Geophysics to start a system called Inform, which aims to streamline multi-family reviews.

Perlis stated that “the acquisition of Enodo in 2019 and our joint venture with GeoPhy led [our] Artificial intelligence and machine learning capabilities are reaching new levels, leading to dramatic growth in the number of new customers. ”

W&D has also grown elsewhere within the company. In the same month, he joined forces with Geophysics, she created a New York-based debt and equity capital markets division with her the acquisition of AKS Capital Partners. And, last month, he bought a housing research and consultancy company Zelman & Associates.

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