Oct
30
Walker & Dunlop to Acquire Elkins Mortgage
ByThe Bethesda, Md.-based company will add roughly $1.7 billion in life insurance company servicing to its portfolio.
Willy Walker, Walker & Dunlop
Bethesda, Md.—Walker & Dunlop Inc. will acquire George Elkins Mortgage Banking Co., with approximately $1.7 billion in life insurance company servicing expected to be added to Walker & Dunlop’s $57.3 billion servicing portfolio.
Complete terms of the transaction were not disclosed, but the acquisition will add 14 commercial real estate originators to Walker & Dunlop’s Capital Markets group and the deal is expected to close before the end of 2016…