United Wholesale Mortgage (UWM), has announced the launch of a new product, dubbed ELITE, that offers the best conventional rates and pricing in the industry. Recognized industrywide for first-class customer service, UWM is pleased to provide their signature service combined with the most aggressive rates and pricing in the industry for elite borrowers. ELITE aims to reward UWM brokers that consistently work with borrowers of the highest quality, who expect the best in service and price.
“We’re excited to offer ELITE to our valued broker community in order to exceed the expectations of their elite borrowers,” said Mat Ishbia, president of United Wholesale Mortgage (UWM). “These types of borrowers deserve preferred conventional rates and pricing, and since every UWM program is accompanied by our world-class customer service, ELITE offers the best of both worlds. Our brokers’ first-rate borrowers shouldn’t settle for anything less. Brokers are confident in knowing that UWM can accommodate their every lending need while providing the easiest loan process available.”
Recently, UWM launched a number of new products, which include: The Big and Easy, a true jumbo loan on up to $2.5 million; the HARP 2.0 changes; the implementation of HARP 2.0 with up to 175% LTV/Unlimited CLTV with DU; USDA loans; and now ELITE.
All of UWM’s products and pricing are available within its custom broker portal, EASE (Easiest Application System Ever), which offers a number of Web-based tools for originators. EASE is integrated with EQ (Easy Qualifier), UWM’s proprietary eligibility and pricing engine that instantly returns accurate decisions on up to twelve programs at once with the click of a mouse.
Loans that qualify for UWM’s ELITE program include:
►A 760+ FICO
►A 70 LTV or less
►$250k plus loan amount
►Acceptance of property inspection waivers
►Continued honoring of Fannie’s DU findings