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UWM Lowers BPMI Premiums
United Wholesale Mortgage (UWM) has announced that it has lowered its Borrower Paid Mortgage Insurance (BPMI) premiums to offer clients an even lower monthly payment.
Coupled with its low lender-paid mortgage insurance, UWM has packaged them together as Elite M.I. The better pricing is available for 640+ FICO borrowers.
Since Elite M.I. is also Instant M.I., UWM will save brokers three to seven days on every loan by eliminating the second underwrite.
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