Walker & Dunlop, Inc. (NYSE:WD) Q2 2017 Earnings Conference Call - Final Transcript

Aug 02, 2017 • 08:30 am ET


Walker & Dunlop, Inc. (NYSE:WD) Q2 2017 Earnings Conference Call - Final Transcript


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Welcome to Walker & Dunlop's Second Quarter 2017 Earnings Conference Call and Webcast. Hosting the call today from Walker & Dunlop is Willy Walker, Chairman and CEO. He is joined by Steve Theobald, Chief Financial Officer; and Kelsey Montz from Investor Relations.

Today's call is being recorded and will be available for replay beginning at 11:30 A.M. Eastern. The dial-in number for the replay is 800-839-2398. The archived call is also available via webcast on the company's website. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions]

It is now my pleasure to turn the floor over to Kelsey Montz. Please go ahead ma'am.

Kelsey Montz

Thank you, Erica. Good morning, everyone. Thank you for joining the Walker & Dunlop Second Quarter 2017 Earnings Call. I have with me this morning, our Chairman and CEO, Willy Walker; and our CFO, Steve Theobald. This call is being webcast live on our website and a recording will be available later this morning. Both our earnings press release and website provide details on accessing the archived call.

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 this morning. Please also note that we will reference the non-GAAP financial metric, adjusted EBITDA, during the course of the call. Please refer to the earnings release posted on our website for a reconciliation of this non-GAAP financial metric.

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. 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.

And with that, I will turn the call over to Willy.

Willy Walker

Good morning and thank you for joining us. You just heard Kelsey Montz kick off our earnings call for the first time and I'd like to take this opportunity to announce that Kelsey who is taking over for Claire Harvey in leading Walker & Dunlop's Investor Relations activities. As many of you know, Claire has been out on maternity leave and recently made the decision to continue focusing on her family.

Claire has been with Walker & Dunlop's since we went public in 2010 and I want to personally thank Claire for her many contributions to Walker & Dunlop over the years and wish her and her family all the best. I also want to welcome Kelsey into her new role. It's