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United Wholesale Mortgage (UWM) has announced the launch of a new Jumbo Elite program that will enable mortgage brokers to offer their borrowers one of the easiest jumbo processes, along with highly competitive rates. Rates associated with the Jumbo Elite program offer brokers significantly improved pricing compared to the industry average.
“In such a competitive market, brokers can now look forward to offering their clients extremely competitive jumbo pricing that levels the playing field with larger banks” said Mat Ishbia, president and CEO of UWM. “We’ve really upped the ante for brokers in the jumbo lending space. Brokers can now attract more jumbo clients with incredible pricing and the industry’s fastest turn times.”
The Jumbo Elite program’s simplified process will make brokers more attractive to savvy jumbo borrowers throughout the country. Brokers will enjoy transparent guidelines and direct communication with their underwriter throughout the entire loan process.
Highlights of UWM’s Jumbo Elite program include: Loan amounts up to $2 million; exclusive rate incentives for borrowers with 740+ FICO; eligible for primary and second homes; ARM and fixed-rate options available; and closings in 25 days or less.