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 Access to Real Estate Financing
Dunmor, a specialized residential lender founded in 2021, has announced the launch of a new wholesale broker division that aims to enhance the distribution of its loan products through third-party mortgage brokers. This strategic move is designed to allow brokers greater flexibility in offering a wide variety of financing options to their clients, including bridge loans, fix-and-flip loans, ground-up construction loans, and multifamily financing.
Appointment of Leadership
To lead this new division, Dunmor has appointed Zeenat Zonte as the executive vice president. Zonte brings a wealth of experience from her previous roles, including as the Vice President of Correspondent Channel Manager at Newfi Wholesale and as Director of Correspondent Lending at Civic Financial. Her expertise is expected to contribute significantly to the successful rollout of the division.
Technological Innovations
As part of the launch, Dunmor has developed a tech-enabled broker portal that aims to streamline processes for brokers. The portal will offer access to essential marketing tools, making it easier for brokers to engage with potential clients and manage their loan offerings. In addition to technological resources, Dunmor plans to offer comprehensive training and support to brokers to maximize the efficacy of the new tools.
Goals and Objectives
This new division aligns perfectly with Dunmor’s broader objective to boost loan originations while simultaneously improving broker efficiency through advanced technology and data integration. The company, led by its commitment to excellence, transparency, and growth in private lending, aims to establish a new standard for broker efficiency with a user-friendly portal designed for easy navigation and functionality.
Focus on Investment Strategies
Dunmor specializes in lending for residential real estate developers and investors, focusing on short-term investment strategies such as property flipping and new construction. The launch of the wholesale broker division is expected to attract more brokers into their fold, thereby widening their market reach. Earlier this year, the company expanded its partnership with Newfi Lending, who made a minority equity investment in Dunmor, which has helped improve its origination capacity and lending operations.
Value Proposition
Dunmor’s value proposition centers on providing innovative funding solutions at competitive rates. With the introduction of the wholesale broker division, the company aims to leverage AI-driven loan origination platforms for fast prequalifications, quotes, term sheets, and funding. This technology is anticipated to reduce turnaround time and enhance the overall experience for both brokers and clients alike.
Recognition in the Industry
Dunmor has earned recognition in the real estate investment sector for its ability to deliver custom-tailored financing solutions. The launch of the new wholesale broker division represents a strategic effort to further enhance its service offerings while meeting the diverse financing needs of real estate professionals. By streamlining access to a variety of loan products through the division, Dunmor reinforces its position as a leader in the specialized lending space.
Conclusion
As Dunmor embarks on this new chapter with its wholesale broker division, the company is committed to improving overall efficiency and accessibility in real estate financing. With the backing of experienced leadership and innovative technology, Dunmor is poised to reshape how brokers operate in the fast-paced world of residential lending.
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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
