Rate Drops Across the Board As Announced By United Wholesale Mortgage

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Amanda Byford
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United Wholesale Mortgage (UWM), a national wholesale and purchase lending company based in Pontiac, Mich., Has announced that it will reduce rates by 50-100 basis points (bps) across the board with the “Game On” price.

The UWM offering takes the lender’s Compete & Beat program, launched in May, to take the prices of the top 20 lenders by 1 basis point to a new level, the company said. 

Effective June 22, the lower price will apply to all types of loans, from traditional to government to elite products, UWM said.

“UWM offers independent mortgage brokers everything they need to win in this competitive market with modern technology, fast turnaround times, and now lower prices,” the company said in a press release.

“This strategic price movement is doubling; it is removing guesswork as to where a broker should place a loan and accelerating the connection of retail loan officers to the wholesale channel as it expands. 

In favor of independent retail mortgage brokers,” said Mat Ishbia, President of UWM & EXECUTIVE DIRECTOR. “If the borrower has a FICO Score of 620+, this loan should come to UWM. 

Instead of choosing between the best technology, the best customer experience, the best wholesale partner, or the best price, we offer everything.

The announcement of “Game On” follows the release of Boost, a growth market exclusively for UWM, which the company says will help independent mortgage brokers grow and run their business more efficiently. 

It provides a simplified approach to buying your leads, staying in touch with past clients, connecting with local real estate agents, and opting for live broadcasts, UWM said.

UWM only works with independent brokers who do not trade with Rocket Mortgage or Fairway Independent Mortgage.

Reference Source: National Mortgage Professional

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