UWM Expands Temporary Rate Buydowns

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In: New Home Mortgage News

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United Wholesale Mortgage (UWM) this week extended its temporary waiver offer amid high-interest rates and stiff competition. The Detroit-based lender now pays borrowers a 3 percent down payment for the first year of the loan, compared to the maximum rateContinue Reading

UWM Originates 31 Percent Higher In Revenue Compared To Rocket

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In: Mortgage News

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United Wholesale Mortgage (UWM) is currently the largest mortgage lender in the United States, thanks to its low-interest strategy, which has put serious pressure on its competitors. UWM raised $33.5 billion in the third quarter, beating rival Rocket Mortgage’s $25.6Continue Reading

UWM Launches New Tools for Mortgage Brokers During AIME Event

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In: Mortgage News

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United Wholesale Mortgage (UWM) unveiled three applications for private mortgage brokers at the fifth annual AIME Fuse event in Las Vegas. UWM’s new USClose 3.0 Early Review and Close (TRAC) and Security Management guarantee increased speed, control, and transparency fromContinue Reading

Just A Day After Rocket Pro TPO Announces Increase In Conventional Loan Limit - UWM Follows To Dot It As Well

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In: Mortgage News

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UWM, a leading American wholesaler and mortgage lender based in Detroit, said it will increase its lending capacity pending the Federal Reserve Bank (FHFA) 2023 guidance that will be announced in November.  A day after the UWM announcement, Crosstown rivalContinue Reading

IPO season is back - United Wholesale Mortgage going public with a deal value of $16 billion

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:24 amUnited Wholesale Mortgage is going public through a merger with “blank check” company Gores Holding IV this deal will value the company at more than $16 billion. One of Southeast Michigan’s fastest-growing companies,Continue Reading