Skip to main content

UWM Launches New Underwriter Tool for Brokers

NationalMortgageProfessional.com
Oct 25, 2013

United Wholesale Mortgage (UWM) has announced that it has custom developed an Income Calculator for brokers to accurately determine a borrower’s wages on the 1003 application. UWM’s proprietary Income Calculator resides within its broker portal, EASE (Easiest Application System Ever), where it can be accessed and utilized by approved brokers.The Income Calculator is the same tool that is used by UWM’s underwriters to correctly calculate borrower income.  As a result, accuracy and efficiency is ensured, discrepancies are reduced, the process is sped up, and brokers are able to better and more quickly service borrowers.“Our development of this new tool for brokers to quickly calculate income was done to help further position them as experts in lending to their customers,” said Mat Ishbia, president of United Wholesale Mortgage (UWM). “The Income Calculator is the same tool used by UWM underwriters. By sharing it with our clients, they in turn become income experts. We’re constantly innovating and arriving at new tools and services to help make our brokers as successful as possible.  The Income Calculator is yet another component that has been added to our arsenal of solutions that we offer at no cost to our clients.”The Income Calculator works by UWM’s brokers simply logging on to EASE, uploading the 1003, and clicking a button to return the results. Brokers can then save the results for underwriting to review. In addition, brokers are able to access UWM’s Income Calculator via smartphones and tablets.“One of the biggest issues that brokers face is whether underwriting will arrive at the same income calculation that the broker does," said Ishbia. "With our development of the Income Calculator, however, we have completely eliminated this issue since both the broker and the underwriter’s calculations will mirror one another.  It just makes getting deals done faster and easier.”
Published
Oct 25, 2013
More from
Tech
SimpleNexus Unveils Nexus Pay With In-App Payment Capabilities

SimpleNexus announced its upcoming Nexus Pay feature for mortgage loan applicants. The company is planning to do a full unveiling at the Mortgage Bankers Association's Annual Convention and Expo.

Tech
Oct 13, 2021
Redwood Trust Invests In Flock Homes Rental Ownership Platform

Redwood Trust Inc. announced its investment in Flock Homes, a rental ownership platform that converts owners into passive investors.

Tech
Oct 07, 2021
DocMagic Updates eSign Platform With Version 3.0

DocMagic Inc. launched its eSign 3.0 platform featuring enhancements to its remote notary and eClosing capabilities.

Tech
Oct 06, 2021
New CoreLogic Listing Platform Streamlines Navigation In NYC Real Estate Market

New York City has a notoriously hard-to-navigate housing market, but a better property listing platform from CoreLogic can simplify the process for new homebuyers.

Tech
Oct 04, 2021
Knock GO Aims To Make First-Time Homebuyers Cash Buyers

Knock launch of Knock GO (Guaranteed Offer), a cash-backed home loan solution for first-time homebuyers looking to compete in the housing market.

Tech
Oct 04, 2021
DataVerify And Nexsys Technologies Join Forces For Automated HOI For Lenders

New integration between DataVerify and Nexsys Technologies is looking to automate homeowners insurance (HOI) verification for lenders.

Tech
Oct 04, 2021