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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Loan origination and debt brokerage fees, net $ 82,310 $ 75,879
Fair value of expected net cash flows from servicing, net 52,730 57,935
Servicing fees 72,681 65,978
Property sales broker fees. 23,398 9,042
Net warehouse interest income 4,773 4,555
Escrow earnings and other interest income 1,803 2,117
Other revenues 81,749 8,782
Total revenues 319,444 224,288
Expenses    
Personnel 144,181 96,215
Amortization and depreciation 56,152 46,871
Provision (benefit) for credit losses (9,498) (11,320)
Interest expense on corporate debt 6,405 1,765
Other operating expenses 32,214 17,587
Total expenses 229,454 151,118
Income from operations 89,990 73,170
Income tax expense 19,460 15,118
Net income before noncontrolling interests 70,530 58,052
Less: net income (loss) from noncontrolling interests (679)  
Walker and Dunlop net income 71,209 58,052
Net change in unrealized gains (losses) on pledged available-for-sale securities, net of taxes (970) (158)
Walker and Dunlop comprehensive income $ 70,239 $ 57,894
Basic earnings per share (NOTE 10) $ 2.14 $ 1.82
Diluted earnings per share (NOTE 10) $ 2.12 $ 1.79
Basic weighted average shares outstanding 32,219 30,823
Diluted weighted average shares outstanding 32,617 31,276