Wholesale market boom fuels brokerage's growth plans
Zoom Home Lending, a new independent mortgage brokerage, has officially launched under the leadership of former Rocket Mortgage senior vice president Michael Saleh.
Saleh, along with co-founders Henri Houmani, Issa Al-Sheleh, and Robert Lee Turfe, established Zoom Home Lending to provide customized home financing and refinancing solutions with a focus on elite client service.
The move comes as the wholesale mortgage market continues to experience significant growth.
“This new chapter gives me the freedom and flexibility to run my business without any red tape,” Saleh said in a press release emailed to MPA. “The wholesale channel and partners, such as United Wholesale Mortgage, have embraced us warmly, and the support has been overwhelmingly positive.”
The Michigan-based brokerage has set ambitious growth targets, including plans to add 100 team members in its first year of operation. Each loan officer is expected to close 15-20 loans per month.
To date, the company has achieved one-third of its hiring goal and is on track to close an average of 12 loans per loan officer this month, exceeding the industry average.
“Our ultimate objective is to establish a reputable business and create a substantial impact in the industry,” said Saleh. “Our team is growing quickly, and we’ve made it a priority to ensure anyone who joins our team has a seamless onboarding process, regardless of their background. We’re excited to continue developing Zoom Home Lending to assist consumers nationwide with their home financing needs.”
Before founding Zoom Home Lending, Saleh spent nearly 20 years at Rocket Mortgage, where he held various leadership positions, including director, senior director, regional vice president, and most recently, senior vice president overseeing thousands of mortgage bankers.
Co-founders Houmani and Al-Sheleh, who transitioned to the wholesale channel over two years ago, previously worked with Saleh at Rocket Mortgage. Turfe, coming from General Motors, will lead the company's marketing, HR, and DE&I efforts.
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