Walker & Dunlop is looking for ways to make its real estate financing activities faster, and automate any traditional real estate activities whenever possible. TapCap’s technology is expected to make retail level loan origination faster, and more transparent to the borrower.
Alison Williams, W&D’s small balance lending chief production officer commented on the acquisition of TapCap, “Penetrating the small balance lending market requires cutting-edge technology to reduce costs, while providing an exceptional customer experience. Adding TapCap’s technology will make our lending processes more transparent, efficient, and scalable — and accelerate our growth towards $5 billion.”
W&D is making these acquisitions as a part of its five year growth strategy. The company may pursue more acquisitions over the coming months, but is also open to partnering with firms that can help it grow, as it did with GeoPhy in 2019.