UWM Expands HQ to Adjacent Property

Jul 29, 2019

United Shore Financial Services LLC is growing so fast that it needs a second building across the street from its headquarters complex in Pontiac, Mich.

U nited Wholesale Mortgage (UWM) is growing so fast that it needs a second building across the street from its headquarters complex in Pontiac, Mich.

According to a report in Crain’s Detroit Business, the company employs 4,100 and is expecting to add nearly 3,000 employees by 2025. To keep up with this projected growth, UWM is acquiring the 900,000-square-foot office building located across from its current 610,000-square-foot campus. The company plans to build an enclosed skyway connecting the two buildings and will expand further into its new property as the current tenants’ leases expire.

Mat Ishbia, UWM’s president and CEO, credited his company’s success on the mortgage brokers that it serves.

“UWM is all-in on the wholesale business,” said Ishbia in an August 2018 interview with National Mortgage Professional Magazine. “We are focused exclusively on brokers and we only care about what our brokers think. We are true partners to our brokers, and we want them to succeed and to wow their borrowers and real estate partners. We only care about helping them build their business and be successful in their local markets.”

About the author

Phil Hall

Link copied

Published

Jul 29, 2019

People On The Move

Figure Technology Solutions Names Michael Tannenbaum New CEO

Founder and former CEO, Mike Cagney, assumes the role of executive chairman.

Figure Technology Solutions (FTS), parent company of five-days-to-close HELOC originator, Figure Lending, announced today the appointment of Michael Tannenbaum as chief executive officer (CEO) and a member of the Board of Directors. Co-founder and previous CEO of the company...

Analysis and Data

Monthly, Yearly Jump In New Home Sales In March

The growth coincides with roughly a quarter of builders saying they cut prices last month.

Sales of newly built, single-family homes in March jumped 8.8% month-over-month, reaching a seasonally adjusted annual rate of 693,000 units compared to February's revised 637,000 units, according to data released jointly today by the U.S. Census Bureau and the Department of...