Tag Archives: uwm

UWM can rapidly scale new loans that lack title insurance

By | | Uncategorized
Comments Off on UWM can rapidly scale new loans that lack title insurance

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 | | Uncategorized
Comments Off on UWM now offering mortgages without lender’s title insurance

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 →

RE/MAX’s Motto Mortgage named a top ‘recession-proof’ opportunity

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage named a top ‘recession-proof’ opportunity

As lenders pivot to serve homebuyers, RE/MAX franchisor’s “mortgage brokerage-in-a-box” also makes a separate list of top franchise opportunities for Black entrepreneurs. Continue reading →

Competition between top mortgage lenders for homebuyers heats up

By | | Uncategorized
Comments Off on Competition between top mortgage lenders for homebuyers heats up

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 | | Uncategorized
Comments Off on More MSU athletes to plug UWM on social media

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 →

Big lenders get a head start, adopt $715,000 conforming loan limit

By | | Uncategorized
Comments Off on Big lenders get a head start, adopt $715,000 conforming loan limit

Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo. Continue reading →

United Wholesale Mortgage is gunning for retail rivals’ customers

By | | Uncategorized
Comments Off on United Wholesale Mortgage is gunning for retail rivals’ customers

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 →

Sprout Mortgage is 2nd non-QM lender to implode in as many weeks

By | | Uncategorized
Comments Off on Sprout Mortgage is 2nd non-QM lender to implode in as many weeks

Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers. Continue reading →

UWM shares recover after secondary offering postponed

By | | Uncategorized
Comments Off on UWM shares recover after secondary offering postponed

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 →