Tag Archives: Mat Ishbia

UWM can rapidly scale new loans that lack title insurance

By Matt Carter | October 5, 2022 - 8:31 pm |October 5, 2022 Uncategorized

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The wholesale lender is hiring and training lawyers to generate attorney opinion letters in-house in order to meet what the company expects to be strong demand. Continue reading →

UWM now offering mortgages without lender’s title insurance

By Matt Carter | October 3, 2022 - 7:04 pm |October 3, 2022 Uncategorized

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The nation’s largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs. Continue reading →

Competition between top mortgage lenders for homebuyers heats up

By Matt Carter | September 16, 2022 - 7:28 pm |September 16, 2022 Uncategorized

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Rocket Mortgage rolls out “Inflation Buster” mortgage, which provides a lower rate for one year, as it battles rival United Wholesale Mortgage for homebuyer market share. Continue reading →

More MSU athletes to plug UWM on social media

By Matt Carter | September 8, 2022 - 10:45 pm |September 8, 2022 Uncategorized

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The Michigan-based lender’s “name, image and likeness” deal with men’s football and basketball teams has expanded to encompass women’s basketball and volleyball. Continue reading →

United Wholesale Mortgage is gunning for retail rivals’ customers

By Matt Carter | September 7, 2022 - 3:19 pm |September 7, 2022 Uncategorized

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United Wholesale Mortgage, the nation’s biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages. Continue reading →

UWM shares recover after secondary offering postponed

By Matt Carter | November 22, 2021 - 9:00 pm |November 22, 2021 Uncategorized

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UWM said the secondary offering was intended to benefit shareholders, by making the company “a more liquid, tradable stock for larger indexes and institutional investors.” Continue reading →

UWM shares hit all-time low on news of secondary offering

By Matt Carter | November 17, 2021 - 11:49 pm |November 17, 2021 Uncategorized

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Proceeds of non-dilutive, secondary offering of 50 million shares will go to company controlled by Ishbia family. Continue reading →

UWM posts record mortgage volume, but Q3 profits sag

By Matt Carter | November 9, 2021 - 7:48 pm |November 9, 2021 Uncategorized

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Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Continue reading →

Rocket Mortgage’s profits slip in Q3 as it pivots to lending to homebuyers

By Matt Carter | November 5, 2021 - 10:32 pm |November 5, 2021 Uncategorized

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Rocket Mortgage is targeting homebuyers more aggressively in marketing campaigns designed to bring consumers directly to its website. Continue reading →

Are 15-minute mortgage loan approvals the future?

By Matt Carter | September 27, 2021 - 8:21 pm |September 27, 2021 Uncategorized

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United Wholesale Mortgage says it developed automated document recognition and processing capabilities in-house that allow for an initial mortgage loan approval in minutes. Continue reading →