Wholesale Lender Grows

It’s time for some cheery news. PROGRESS has learned that United Wholesale Mortgage (UWM), one of the nation’s fastest growing wholesale lenders, has become the number one wholesale lender in the country in origination volume as ranked by MortgageStats for the third quarter of 2013. UWM has been growing at a rapid rate over the past several years and has now achieved the top slot for the first time ever.

“We’ve been intensely focused on getting our business to this level of growth from the beginning. Our hard work, along with the trust and valued business of our brokers, has now officially catapulted us to the number one spot,” said Mat Ishbia, president president of UWM. “We developed a unique business model in how we interface with our brokers that is completely driven by a highly service-oriented approach to customer service that clients laud as being second-to-none.”

UWM also attributes their success to their innovative offerings, which supports their commitment to partnering with each and every client. Notable 2013 releases include UWM Connect, the Income Calculator, free customizable marketing, a complimentary Account Success Report (ASR), enhancements to UWM’s eligibility and pricing system (Easy Qualifier 2 [EQ2]), and the newly released Flex Term, which is a pick-your-term amortization product. The company is constantly innovating, rolling out new programs, and developing solutions that assist its broker community. The lender leverages leading proprietary technologies that it built itself, which helps the company operate more efficiently and effectively, and offers brokers leading Web-based tools that help them be more successful.

Earlier this year, UWM moved more than 1,200 employees into a new corporate headquarters with more than 140,000 square feet of office space. Company officials say the centralization of its divisions and employees has aided greatly in creating an efficient and rewarding work environment that is conducive to collaboration and expansion.

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.