Tag Archives: United Wholesale Mortgage

The company’s stock, listed as UWMC, premiered at $11.95 a share.

One of the worst-kept secrets in the real estate world was publicly confirmed this week as the residential brokerage Compass submitted a draft registration statement with the U.S. ...

This is the second mortgage company in two weeks to announce plans for an IPO.

United Wholesale Mortgage has become the top non-bank purchase lender in America, according to a recent report. Additionally, the company ranks as the number two overall purchase lender, behind Wells Fargo.

From new appointments and partnerships to the latest digital initiatives, catch the latest buzz on the mortgage business in this weekly update.

Although some recent reports are saying that homeownership is struggling, newer “super low down” loans are beginning to become more popular with millennials. It is estimated that, on average, it takes young people nearly a decade to save for a traditional 20 percent downpayment. In response, some lenders are implementing 3 percent equity mortgages.

United Wholesale Mortgage has announced the release of UClose, an industry-leading tool that will allow mortgage brokers to close their loans within an hour of receiving their clear to close.

First launched in 2012, Elite caters exclusively to well-qualified clients, providing preferred conventional rates and pricing for borrowers with high FICO scores. The program has been continually expanded with the release of Elite ARM being the most recent addition.

In response to a recent announcement that Fannie Mae and Freddie Mac have introduced loan options for down payments as low as 3 percent, United Wholesale Mortgage (UWM) announced the launch of a new product offering conventional financing for up to 97 percent loan-to-value (LTV).

United Wholesale Mortgage's Justin Glass is moving up in the company's ranks: The Michigan-based lender promoted the veteran employee to the newly created role of chief digital officer (CDO).