Walker & Dunlop (WD) beat expectations on its fourth quarter and FY2014 earnings, driven largely by big increases in Fannie Mae and Freddie Mac originations.

The company had an excellent finish to the year, with one of the strongest quarters in its history. 

The company’s loan origination volume of $4.3 billion, was up 83% over the fourth quarter of 2013.

This big increase in loan origination volume was driven by an astonishing 188% increase in Fannie Mae and Freddie Mac originations.

The firm had total revenues of $112.6 million, up 32% over 4Q13. The firm posted fourth quarter earnings of $23.4 million, up 31% over 4Q13.

 For the full year, Walker & Dunlop had loan origination volume of $11.4 billion, up 35% over FY2013, with total revenues of $360.8 million, up 13% over FY2013.

For the year, the company had net income of $51.4 million, or $1.58 per diluted share, up 24% over 2013.

Walker & Dunlop’s servicing portfolio stood at $44 billion at the end of 2014, an increase of $5.1 billion from the end of FY 2013.

The company’s originator headcount increased to 102, up 67% from December 31, 2013.