Dunmor Launches New Wholesale Broker Division

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.

New Wholesale Broker Division Launched by Dunmor to Enhance Real Estate Financing Access

Dunmor, a specialized residential lender, is set to transform the landscape of real estate financing with the launch of its new wholesale broker division. This initiative is designed to expand the distribution of Dunmor’s loan products through third-party mortgage brokers, enabling them to offer a wider range of financing options to their clients.

Key Offerings of the New Division

This fresh division is focused on providing various loan products that cater to diverse real estate investment approaches. Among the offerings are:

• Bridge loans – ideal for investors bridging the gap between financing.
• Fix-and-flip loans – tailored for those looking to purchase, renovate, and resell properties quickly.
• Ground-up construction loans – suited for developers embarking on new construction projects.
• Multifamily financing – targeted at investors seeking to finance larger multi-unit residential properties.

A Seasoned Leader at the Helm

To lead this exciting new division, Dunmor has appointed Zeenat Zonte as executive vice president. Zonte brings a wealth of experience, having served as the VP Correspondent Channel Manager at Newfi Wholesale and as Director of Correspondent Lending at Civic Financial. Her leadership is expected to drive the division’s success and enhance overall operational efficiency.

Tech-Enabled Solutions for Brokers

The launch of this wholesale broker division also includes the introduction of a tech-enabled broker portal. This advanced platform is designed to streamline processes for brokers, ensuring they have quick access to a suite of marketing tools and resources. By leveraging technology, Dunmor aims to enhance broker efficiency substantially.

Moreover, Dunmor is dedicated to supporting its brokers with extensive training and resources, helping them to effectively utilize the new tools at their disposal. This strategic alignment lies within Dunmor’s overarching goal to boost loan originations and refine operational processes through technology and data integration.

Commitment to Excellence and Growth

Franck Ruimy, CEO of Dunmor, has reiterated the company’s commitment to excellence, transparency, and growth within the private lending sector. With the advent of the new wholesale division, Dunmor is positioning itself to set a new standard for broker efficiency, thanks to its user-friendly portal and the cutting-edge features it offers.

Background and Recent Developments

Dunmor was founded in 2021 and has focused its efforts on lending tailored for residential real estate developers and investors. The company has established a solid reputation for providing innovative funding solutions that support short-term investment strategies, including property flipping and new construction initiatives.

This year has also been pivotal for Dunmor, as it expanded its partnership with Newfi Lending, which made a minority equity investment in the company. This strategic move has significantly enhanced Dunmor’s origination capacity and overall lending operations.

Innovative Financing Solutions and Fast Processing

With a commitment to remain competitive, Dunmor’s value proposition hinges on delivering custom-tailored financing solutions at attractive rates. The new wholesale broker division will utilize AI-driven loan origination platforms, enabling brokers to achieve rapid prequalifications and quotes, as well as streamlined term sheets and funding processes.

With this new division, Dunmor is poised to continue its recognition as a leader in the real estate investment sector, delivering exceptional financing solutions that meet the ever-evolving needs of brokers and their clients.

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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