Move strengthens broker access to bridge, fix-and-flip, and construction loan programs
Specialized residential lender Dunmor has launched a wholesale broker division to expand distribution of its loan products through third-party mortgage brokers.
The division will allow brokers to offer bridge loans, fix-and-flip loans, ground-up construction loans, and multifamily financing, as part of Dunmor’s efforts to increase its reach among real estate investors.
Zeenat Zonte, formerly with Newfi Wholesale and Civic Financial, will lead the new division as executive vice president. Zonte previously held roles at Newfi Wholesale as vice president correspondent channel manager and at Civic Financial as director of correspondent lending.
The division’s launch includes a tech-enabled broker portal intended to streamline processes and provide access to marketing tools. Dunmor also said it will offer training and support to brokers as part of its operational setup.
Dunmor CEO Franck Ruimy said the new unit is part of Dunmor’s broader strategy to expand its loan originations and improve broker efficiency through technology and data integration.
“We are setting the benchmark for excellence, transparency, and growth in private lending. Our data integration and technology ensure a user-friendly portal that streamlines processes and enhances broker efficiency,” Ruimy said in a Press release.
Founded in 2021, Dunmor specializes in lending for residential real estate developers and investors. Its loan products are designed to fund short-term investment strategies such as property flipping and new construction.
Earlier this year, Dunmor expanded its partnership with non-agency lender Newfi Lending, which made a minority equity investment in the company. Dunmor said the capital infusion would support growth in origination capacity and lending operations.
“This equity investment positions us to continue delivering the high level of service our clients expect, complemented by an even stronger commitment to providing innovative funding solutions at highly competitive rates,” Ruimy said.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
