Baltimore-based Dominion Financial Services, a private lender with products tailored to real estate investors, has launched a third-party origination program for mortgage brokers.
“This marks a significant milestone in the company’s commitment to expanding its reach and fostering partnerships within the real estate investment industry," the company said in its announcement, posted last Thursday.
The announcement continued, "Dominion Financial Services is now opening its doors to broker partners, empowering them with access to long-term DSCR rental loans with a price-beat guarantee. Dominion Financial Services’ Broker Program complements top-tier real estate brokers, enhancing loan offerings to investors nationwide with a fast closing process and lower-than-market wholesale interest rates through a white label service."
Since the new program is being offered through its white-label service, Dominion says that origination documents will not feature the Dominion name, allowing brokers to promote their own brand identities.
Dominion Financial offers a range of residential real estate financing options, such as loans for ground-up construction, multifamily bridges, fix-and-flip projects, and 30-year rentals. Among its loan portfolio, bridge loans account for 40%, while rental loans make up the remaining 60%.
With over $3 billion in loan originations, Dominion Financial has reportedly financed more than 11,000 projects. In the past 20 years, the company has expanded to a team of 100 professionals, providing lending services across all 50 states and Washington, D.C.
Dominion Financial did not immediately respond for comment.
