Walker & Dunlop, Inc. (NYSE:WD) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Participants

Kelsey Duffey - VP, IR

Willy Walker - Chairman, CEO

Steve Theobald - EVP, CFO

Conference Call Participants

Jade Rahmani - KBW

Steven Delaney - JMP

Jay McCanless - Wedbush Securities

Kelsey Duffey

Good morning, everyone. I'm Kelsey Duffey, Senior Vice President of Investor Relations at Walker & Dunlop, and I'd like to welcome you to Walker & Dunlop's first quarter 2022 earnings conference call and webcast. Hosting the call today is Willy Walker, Walker & Dunlop's Chairman and CEO. He is joined by Steve Theobald, Chief Financial Officer. Today's webcast is being recorded and a replay will be available via webcast on the Investor Relations section of our website. [Operator Instructions]

This morning, we posted our earnings release and presentation to the Investor Relations section of our website, www.walkerdunlop.com. These slides serve as a reference point for some of what Willy and Steve will touch on during the call. Please also note that we will reference the non-GAAP financial metric, adjusted EBITDA, and adjusted diluted earnings per share during the course of this call.

Please refer to the appendix of the earnings presentation for a reconciliation of these non-GAAP financial metrics. Investors are urged to carefully read the forward-looking statements language in our earnings release. Statements made on this call, which are not historical facts, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe our current expectations and actual results may differ materially. Walker & Dunlop is under no obligation to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise, and we expressly disclaim any obligation to do so. More detailed information about risk factors can be found in our annual and quarterly reports filed with the SEC.

I will now turn the call over to Willy.

Willy Walker

Thank you, Kelsey, and good morning, everyone. We had a strong start to 2022.

With our people, brand and technology, continuing to differentiate Walker and Dunlop in the marketplace and contributing to strong growth across the enterprise. We saw growth in almost every business line and key financial metric due to the investments we have made and the performance of our fantastic team.

The markets rapid transition to pervasive inflation and higher rates, has required our bankers and brokers to think proactively and innovate for our clients, which they did in spectacular form throughout Q1.