Skip to main content

UWM Plans Nation’s Longest Enclosed Pedestrian Bridge to Join Facilities
Feb 24, 2020
United Wholesale Mortgage (UWM) has announced plans for the longest enclosed pedestrian bridge in the U.S.

United Wholesale Mortgage (UWM) has announced plans for the longest enclosed pedestrian bridge in the U.S. The 1,000-foot-long and 26-foot-wide enclosed pedestrian bridge with a moving walkway will connect the current 600,000-foot building with an additional 900,000-square foot building for a total 1.5 million-square foot presence and total investment approaching $250 million in its Pontiac, Mich. campus.
“We’re really big on team and people and our campus reflects that with the amenities that we have in our current building,” said Mat Ishbia, president and chief executive officer of UWM. “Now with the addition of a second building and connecting the entire campus with a bridge, we’ll keep this amazing culture alive and continue to create a great place to work for anyone who wants to join our family.”
UWM is also planning to add 2,500 new team members to its roster in 2020 to help continue to offer innovative tools and services to help their clients grow their business.
“It’s a great time to be an independent mortgage broker, and UWM is here to help them grow their business,” said Ishbia. “Consumers now understand that when they work with a broker, they will get a faster, easier experience and more affordable mortgage and we’re proud to help deliver that to mortgage brokers across America. We plan to hire in areas like technology, operations and underwriting in 2020 to support this growth and don’t plan to slow down anytime soon.”
UWM reported $107.8 billion in mortgage originations last year claiming 32.3 percent of the broker channel growing 159.5 percent from 2018.
United Wholesale Mortgage (UWM) has announced plans for the longest enclosed pedestrian bridge in the U.S.

Biden Appoints Sandra Thompson As Acting Director Of The FHFA

The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.

Regulation and Compliance
Jun 24, 2021
Supreme Court Gives Biden Full Control Over FHFA

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021