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Having brokered-out reverse loans historically, the move adds a new channel to the Texas-based lender's offerings.
UWM attributes the surge in the wholesale channel's growth to increased consumer confidence in independent mortgage brokers, citing significant cost savings and expanded lender options for borrowers.
The last lock date on new loans will be Feb. 9.
Jeff Pancer brings 34 years of experience to new EVP of Capital Markets role.
In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.
Retail, once a major source of business, has become a bit player for EPM.
