Tag Archives: United Wholesale Mortgage

Study: Homeowners often miffed if lenders outsource servicing

By Matt Carter | July 29, 2022 - 12:21 am |July 29, 2022 Uncategorized

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J.D. Power’s annual Mortgage Servicer Satisfaction Study finds customer satisfaction is 26 percent higher when mortgages are originated and serviced by the same company. 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 →

More lenders jumping the gun on historic Fannie, Freddie loan limits

By Matt Carter | October 13, 2021 - 12:17 pm |October 13, 2021 Uncategorized

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Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading →

Black Knight rolls out new marketing tools for mortgage brokers

By Matt Carter | October 8, 2021 - 1:34 pm |October 8, 2021 Uncategorized

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Surefire CRM lets mortgage brokers grab white-labeled marketing collateral they can customize with their own branding. Continue reading →

Fannie, Freddie loan limits set for record 50-year leap in 2022

By Matt Carter | October 5, 2021 - 12:42 pm |October 5, 2021 Uncategorized

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Lenders are betting that home prices kept skyrocketing during the third quarter, and that they’ll be able to sell the bigger loans to Fannie and Freddie once the conforming loan limit officially goes up on Jan. 1. Continue reading →

United Wholesale Mortgage purchase loan business up 288%

By Matt Carter | August 16, 2021 - 7:46 pm |August 16, 2021 Uncategorized

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UWM CEO Mat Ishbia emphasized the dramatic growth in purchase loan volume, saying the company’s relationships with mortgage brokers will help it stay profitable as mortgage rates increase and refinancings dry up. Continue reading →

The Inman Handbook on real estate’s biggest rivalries

By Jim Dalrymple II | May 21, 2021 - 9:00 am |May 21, 2021 Uncategorized

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Compass versus Realogy. Keller Williams versus eXp. REX versus everyone. The real estate industry is full of big names and big feuds, and Inman’s unpacking all of them. Continue reading →

Lawsuit accuses United Wholesale Mortgage of antitrust violations

By Matt Carter | April 28, 2021 - 2:27 pm |April 28, 2021 Uncategorized

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A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading →