Did you know that UWM closes 1 out of every 3 purchase loans generated by mortgage brokers? That amounts to 1 out of every 20 purchase loans nationwide. And no wonder. The tools provided by UWM to their clients to grow their businessmakes it easy to see why they are the #1 wholesale lender in the nation.
Vince is an experienced mortgage professional with a demonstrated history of working in the financial services industry. The goal of the Wholesale Development Team at UWM is to provide support, tools and resources to any professionals interested in learning about the opportunities available in the wholesale channel. His team has one collective goal – grow wholesale… PERIOD!!
Their resurgence of the Independent Mortgage Broker continues; currently just shy of 22% of the total market share and heading towards the all-time high of over 50%!
At UWM, they want their borrowers to enjoy premium service even after their loan closes, which is why they service most of their loans for 12–36 months. In fact, they service over 100,000 loans at any one time. And although they occasionally do sell off their servicing, they make sure they protect their business in several ways. For one, they negotiate non-solicit agreements to protect their business for another 12–36 months. They also include your name and contact information on the monthly mortgage statement. And they make it easy for you to stay top of mind with your past borrowers through Brand 360’s Client Connect, which features UConnect to alert you when a past borrower is shopping for a new mortgage, Unite, which provides your borrower with a personalized home value statement, and much more. In fact, they are so sure their servicing policy will protect your business, they will give you $5,000 if a servicer proactively reaches out to your borrower during the non-solicit period.
- Autonomy of Broker model.
- Get product, investor, turn time and rates you need today.
- Seeing big time retail branches reaching out.
- Hired 300 people this month, announced we will hire 1500 in the next 90 days. They are over staffed by design.