Top wholesale lender United Wholesale Mortgage (UWM) is yet again ramping up efforts to gain more market share at the cost of potential profits. On Wednesday, the Detroit-based lender announced that it is reviving the […]
The financials are all red for the top U.S. mortgage lenders for the fourth quarter of 2022. United Wholesale Mortgage (UWM) on Wednesday morning reported a small financial loss in Q4, one day after Rocket […]
Feb. 7, 2023 (Staff Writer)- Mat Ishbia, Chairman and CEO of mortgage lender United Wholesale Mortgage (UWM), received approval from the NBA Board of Governors to purchase a 57% share in the Phoenix Suns. Ishbia […]
Michigan-based United Wholesale Mortgage (UWM) has named Andrew Hubacker as its chief financial officer, the company announced on Monday. Hubacker joined the mortgage lender in October 2020 as chief accounting officer. He became an interim principal financial […]
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, wants to court brokers from its competitor United Wholesale Mortgage even if it means covering legal costs to bring them over. “Starting today, we stand behind […]
Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. Starting February 1, UWM’s one-time […]
PONTIAC, January 25, 2023 – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it has enhanced its TRAC program, initially launched in October 2022, to provide loan officers more speed, options and […]
United Wholesale Mortgage‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. The ‘ultimatum’ it imposed two years ago effectively prohibited broker partners from also doing business with two of […]
Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. The company announced on Wednesday that it is giving up to 125 […]
United Wholesale Mortgage (UWM) CEO Mat Ishbia announced three initiatives for brokers at AIME Fuse on Saturday. The most impactful may be an alternative to the traditional lender title process, called TRAC. Ishbia said his […]
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