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

With Over 100 Mortgage Brokers UWM Returns to NYSE

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In: Mortgage News

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Last updated on August 8th, 2022 at 04:25 pmUnited Wholesale Mortgage, America’s #1 wholesale and purchase lender, announced that it will bring 100 independent mortgage brokers to the New York Stock Exchange to ring the bell on National Mortgage BrokersContinue Reading

United Wholesale Mortgage accomplished First-Ever Cryptocurrency Mortgage Payment Transactions

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In: Mortgage News

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The #1 wholesale and purchase lender in America, United Wholesale Mortgage (UWM) has announced it has successfully evaluated and accepted the first-ever cryptocurrency mortgage payment in September and more than five cryptocurrency mortgage payments in October from borrowers. Not onlyContinue Reading

United Wholesale Mortgage Bring out the “game-changing” Unique Platform

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In: Mortgage News

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UWM the wholesale lender has launched a new, potentially game-changing platform expected at achieving 15-minute initial approval for eligible borrowers. The Pontiac-based company hailed it as a “revolutionary tool”, ‘Bolt’ is intended to provide quick loan approvals with less touch,Continue Reading

Faster Appraisal Clearance Program Launched By UWM

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In: New Home Mortgage News

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United Wholesale Mortgage has announced a new program that promises to clear appraisal restrictions and reduce the cost. The team of UWM Appraisal Direct will be able to handle the appraisal process completely from start to end and in thisContinue Reading

Right Time For Jumbo Loan Says UMW Chief

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In: Mortgage News

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According to industry research group Inside Mortgage Finance in 2020 UWM, was the country’s fourth-biggest mortgage lender and now they are the 2nd biggest wholesale lender. Mat Ishbia, the president and CEO of UWM is the man behind the success. Continue Reading

Two Fight The Third Benefit is the story of UWM, Rocket Mortgage and Homepoint

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In: Mortgage News

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Last updated on April 23rd, 2021 at 05:43 pmEarlier this month Mat Ishbia CEO of United Wholesale mortgage issued an ultimatum to brokers to choose between working with Rocket Mortgage and Fairway Independent or working with United Wholesale Mortgage.  UWMContinue Reading