White-label service offers diverse DSCR loan options and wholesale pricing
Dominion Financial Services has introduced a new third-party origination broker program, allowing brokers to originate DSCR (Debt Service Coverage Ratio) loans through its white label program.
The private lender said its new loan option provides broker partners with access to long-term DSCR rental loans, offering a “price-beat guarantee” and “lower-than-market” wholesale interest rates.
It’s offering the new program through its white-label service, which allows brokers to maintain their brand presence. Origination documents will exclude the Dominion name, allowing brokers to promote their own brand.
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“Dominion Financial Services offers better-than-market interest rates and faster closing times,” the Maryland-based company said in its news release. “[Our] third-party originators gain access to several different DSCR programs, unlike many competitors who offer only one product. This variety allows [us] to tailor loans to meet diverse needs.”
Dominion said the launch of the program was driven by the increased demand for DSCR rental loans it has seen over the past two years.
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Dominion Financial’s residential real estate financing products include ground-up construction loans, multifamily bridge loans, fix-and-flip loans, and 30-year rental loans. Its loan portfolio comprises a 40% share of bridge loans and a 60% share of rental loans.
The lender has funded more than 11,000 projects, totaling over $3 billion in loan originations. Over the past two decades, it has grown to a team of 100, lending across all 50 states and DC.
“It’s an exciting achievement for us to hit this milestone,” said Jack BeVier, partner at Dominion Financial Services. “We love working with real estate entrepreneurs. To look back and see how many investors we’ve helped accomplish their goals and the amount of community investment we’ve been able to participate in – it’s really gratifying.”
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