UWM Ranked Number One Wholesale Lender in 2015 – NMP Skip to main content

UWM Ranked Number One Wholesale Lender in 2015

Mar 01, 2016
United Wholesale Mortgage (UWM) is the number one wholesale mortgage lender in the nation for 2015, according to numbers published by Inside Mortgage Finance

United Wholesale Mortgage (UWM) is the number one wholesale mortgage lender in the nation for 2015, according to numbers published by Inside Mortgage Finance. UWM was one of only two wholesale lenders among the Top 25 to increase production volume in the fourth quarter of 2015and the only lender to increase volume by double digits—while all others declined.

“This achievement is a testament to the partnership we have with our broker community, for which we are extremely grateful,” said Mat Ishbia, president and CEO of UWM. “Our mission is to champion our brokers’ success and bring them the tools, knowledge and service necessary for them to compete in today’s market.”

UWM originated $12.957 billion in 2015, which represents a year-over-year increase of 54.6 percent and nearly $1 billion ahead of the number two wholesale lender, according to Inside Mortgage Finance data. In the fourth quarter, UWM’s origination activity rose by 12.8 percent over the previous quarter—largely due to the lender’s investment in technology and staying ahead of the TILA-RESPA Integrated Disclosure (TRID) rule’s implementation. UWM’s sales, IT, compliance and training teams worked together to ensure their network of wholesale clients had access to, and were proficient in using, TRID-compliant technology that significantly streamlines the lending process.

“The resources and innovation that we provided throughout the year allowed us to view regulations like TRID as an opportunity to create a competitive advantage for our clients,” Ishbia said. “We believe the tools and technology we have provided to our clients has not only created a better experience for them, it has also created a better experience for the consumer, in general. Our exclusive products and consistent turn-times have enabled our network of brokers to provide great value to homebuyers and gain even more market share.”

UWM’s technology solutions include its loan origination system, EASE, which was launched in January 2015. EASE provides many customizations for UWM’s broker and correspondent partners—including drag-and-drop technology, e-sign capability, a proprietary product and pricing engine (Easy Qualifier), pipeline alerts, an automated CD Tracker monitoring necessary items and ultimately allowing the CD to be disclosed prior to final approval, easy change of circumstance automation, and a simplified guideline dashboard—to make it easier to provide the best options for borrowers.

In August 2015, UWM made the lending process even more efficient by launching UClose, a proprietary solution enabling brokers to draw closing documents and close their clients’ loans within an hour after they receive the final approval from underwriting, even with TRID.  

Mar 01, 2016
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021