News Summary
Dunmor, a specialized lender in residential real estate, has introduced a wholesale broker division aimed at improving access to a variety of loan products. This initiative, led by new executive vice president Zeenat Zonte, is expected to enhance Dunmor’s distribution of financing options, including bridge loans and multifamily financing, through mortgage brokers. The division promises innovative technology, training, and AI-driven solutions to streamline processes and improve efficiency for brokers and their clients, reinforcing Dunmor’s commitment to excellence in private lending.
Dunmor Launches New Wholesale Broker Division to Expand Real Estate Financing Solutions
Dunmor, a specialized lender focused on residential real estate, has recently made significant strides by launching a wholesale broker division aimed at enhancing access to its loan products. This strategic move is designed to distribute Dunmor’s diverse financing options through third-party mortgage brokers more effectively.
Access To A Variety Of Loan Options
The new division allows brokers to offer clients various loan solutions, which include bridge loans, fix-and-flip loans, ground-up construction loans, and multifamily financing. This broadened selection aims to cater to a range of financing needs for residential real estate developers and investors, making it easier for them to secure capital for investment and development projects.
Zeenat Zonte Appointed to Lead the Division
To spearhead this new initiative, Dunmor has appointed Zeenat Zonte as the executive vice president of the wholesale broker division. Zonte brings with her a wealth of experience from her previous roles, including serving as VP Correspondent Channel Manager at Newfi Wholesale and Director of Correspondent Lending at Civic Financial. Her leadership is anticipated to bring insight and expertise to the new division.
Innovative Technology and Training
The launch of the wholesale division not only involves new loan products but also features a tech-enabled broker portal. This portal has been designed to streamline processes and offer brokers easy access to valuable marketing tools. In addition to the portal, Dunmor will provide training and support to brokers, ensuring that they can effectively utilize these resources to better serve their clients.
Aligning with Broader Business Goals
This new division aligns with Dunmor’s overarching strategy to boost loan originations and improve broker efficiency through the use of technology and data integration. As the company continues to grow, it aims to set a new standard for broker effectiveness and service delivery by using its user-friendly portal.
Commitment to Excellence in Private Lending
Dunmor’s CEO has emphasized the company’s commitment to excellence, transparency, and growth within the realm of private lending. As the company continues to establish itself in the market, its focus remains on delivering innovative funding solutions at competitive rates, reinforcing its reputation in the real estate investment sector.
Reinforcing Lending Capacity
Earlier this year, Dunmor took a significant step to enhance its origination capacity by expanding its partnership with Newfi Lending, which made a minority equity investment in the company. This move not only supports the lending operations but also underlines Dunmor’s ambitions in the financial landscape.
AI-Driven Solutions for Efficiency
In support of the wholesale broker division, Dunmor plans to leverage AI-driven loan origination platforms. These advanced solutions are expected to enable fast prequalifications, quotes, term sheets, and funding, ultimately enhancing the overall experience for both brokers and clients alike.
Recognized for Custom-Tailored Financing
Since its founding in 2021, Dunmor has been recognized for its ability to deliver custom-tailored financing solutions that meet the specific needs of residential real estate developers and investors. The launch of the wholesale broker division is a key step in expanding its reach and enhancing its service offerings.
In summary, with the launch of its new wholesale broker division, Dunmor is poised to revolutionize the landscape of real estate financing, providing mortgage brokers and their clients with a suite of excellent products and resources that will facilitate quick and effective funding solutions.
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Additional Resources
- MPA: Dunmor Launches Wholesale Broker Division
- Wikipedia: Mortgage
- HousingWire: Dunmor’s Wholesale Broker Division
- Google Search: Dunmor Wholesale Broker Division
- Business Wire: Dunmor’s Wholesale Broker Division Launch
- Encyclopedia Britannica: Mortgage Loan
- RE News: Dunmor Opens Wholesale Broker Division
- Google News: Dunmor Launches Wholesale Broker Division
