QUARTERLY RESULTS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2016

QUARTERLY RESULTS (UNAUDITED)

Schedule of Unaudited Selected Financial Data and Operating Information on a Quarterly Basis

	As of and for the year ended December 31, 2016
(in thousands, except per share data)	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Gains from mortgage banking activities	$	117,779	$	100,630	$	102,453	$	46,323
Servicing fees		39,370		37,134		32,771		31,649
Total revenues		178,391		154,786		147,858		94,241
Personnel		73,126		64,377		55,758		34,230
Amortization and depreciation		30,603		29,244		26,425		25,155
Total expenses		117,210		106,074		96,152		70,059
Income from operations		61,181		48,712		51,706		24,182
Walker & Dunlop net income		36,790		29,628		32,021		15,458
Diluted earnings per share	$	1.16	$	0.96	$	1.05	$	0.50
Total transaction volume	$	6,260,898	$	5,032,238	$	5,389,276	$	2,615,700
Servicing portfolio	$	63,081,154	$	59,121,989	$	57,321,824	$	51,040,752

	As of and for the year ended December 31, 2015
(in thousands, except per share data)	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
Gains from mortgage banking activities	$	76,986	$	70,810	$	69,950	$	72,720
Servicing fees		30,530		29,328		28,058		26,841
Total revenues		121,365		120,786		113,926		112,121
Personnel		49,224		49,328		45,993		40,045
Amortization and depreciation		24,385		25,644		23,470		24,674
Total expenses		87,493		87,340		81,284		76,715
Income from operations		33,872		33,446		32,642		35,406
Walker & Dunlop net income		20,411		20,251		20,153		21,313
Diluted earnings per share	$	0.67	$	0.66	$	0.67	$	0.66
Total transaction volume	$	4,686,283	$	4,936,762	$	3,787,305	$	4,348,398
Servicing portfolio	$	50,212,264	$	47,794,561	$	47,713,739	$	46,066,660