United Wholesale Mortgage has launched a completely new loan origination system (LOS) that is loaded with features and tools for brokers and correspondents. The proprietary technology replaces UWM’s previous LOS and offers many benefits for its broker and correspondent partners.
UWM built the solution from the ground up using its in-house team of more than 150 IT professionals. The completely customized technology called EASE took almost a year to develop, test and implement, which UWM says is a testament to its unwavering commitment to excellence.
“Making it incredibly easy to partner with us is a huge focus at UWM,” stated Mt Ishbia, president and CEO at UWM. “We spent significant time and money to develop this technology, which was done exclusively to benefit our brokers and correspondents. We want to be the most service-focused wholesale lender in the country. Leveraging state-of-the-art technology is a big part of the value we deliver to our partners.”
EASE allows brokers to effortlessly use drag and drop technology throughout the site. This feature is used to deliver FNMA 3.2 files and other various documents, which auto populate into EASE’s proprietary product and pricing engine, Easy Qualifier (EQ), thus saving tremendous amounts of time. EQ qualifies and provides live pricing on multiple programs while simultaneously providing UWM’s brokers and correspondents with the ability to instantly give their borrowers the best possible options.
With the click of a button, the broker can select the product, MI and calculate the interest rate. They are empowered to pull DU® or LP® which instantly provides an automated underwriting decision. Pipeline management, date tracking and lock expiration alerts are also provided on an easy-to-read dashboard.
“We didn’t want to just purchase a commercially available loan origination system, as many of today’s systems fall short from the high expectations of UWM. We attempt to always deliver above and beyond technology and the only way to do that was to build it ourselves,” said Justin Glass, chief digital officer at UWM. “We feel that this is the most advanced mortgage-based technology solution and is head and shoulders above other wholesale lenders, giving our partners an unparalleled competitive advantage.”
About The Author
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 firstname.lastname@example.org.