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Walker & Dunlop to Acquire George Elkins Mortgage Banking Co.

BETHESDA, MD--Some $1.7 billion in life insurance company servicing will be added to Walker & Dunlop's $57.3-billion servicing portfolio as part of the deal.

By Erika Morphy | Updated on October 26, 2016
CEO Willy Walker CEO Willy Walker

BETHESDA, MD–Walker & Dunlop has announced it has agreed to acquire the independent mortgage broker company George Elkins Mortgage Banking Co.  The transaction will add $1.7 billion in life insurance company servicing to Walker & Dunlop’s now $57.3-billion servicing portfolio.

Established in 1922 and headquartered in Los Angeles, CA, Elkins averages $800 million a year in brokerage transactions, originating direct loans for a slew of private capital sources including life insurance companies, banks, trusts, pension funds and thrifts from its five offices in the state.

“George Elkins Mortgage will integrate nicely into Walker & Dunlop’s loan origination footprint and culture, and bring with it a wonderful group of mortgage banking professionals and clients that will add value to Walker & Dunlop,” chairman and CEO Willy Walker said in a prepared statement.

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