Ishbia: “I Will Sleep on Their Couch Before I Lay Anyone Off” – NMP Skip to main content

Ishbia: “I Will Sleep on Their Couch Before I Lay Anyone Off”

Apr 10, 2020
UWM Announces Conquest Conventional Purchase Program

Mat Ishbia, president and chief executive officer of United Wholesale Mortgage (UWM), addressed his team of 5,800 employees in a call on Thursday, and promised them their jobs are safe during the current Coronavirus pandemic.
 
president and chief executive officer of United Wholesale Mortgage (UWM), Mat Ishbia"Our neighbors, family and friends are getting sick and losing their jobs at a staggering rate while facing incredible stress about their finances in the middle of this global crisis," said Ishbia in his address. "This is a scary time, but we are going to get through this as a team and as a family. Being a family company is not just a nice thing to say when it is convenient; it is the core of who we are. When times are tough, that is when family steps up for each other and carries one another through. Every single member of this family is equally important and I can't think of a better way to let 5,800 people know we've got their back than giving them job security at a time like this. I will sleep on their couch before I lay anyone off."
 
UWM also announced that it will continue to maintain a number of employee benefits, including: Free training for UWM clients, now available online with opportunities for attendees to ask questions and collaborate; a continuation of its online 3 o'clock dance parties, company contests, theme dress days and virtual workouts; and "UPerks," or discounts and offers made by partnering with businesses, including discounts at Rite Aid, a complimentary DashPass membership with Door Dash, and telemedicine services through its on-site provider, SALTA and waiving the fee.
 
"I am proud of what our team has been able to accomplish leading up to and during this time from setting records to the way we care about each other and our clients" said Ishbia. "Together, we can accomplish anything and when we are all able to be back together under one roof we will be stronger than ever."
 
UWM set a company record of $107.7 billion in mortgage loan volume in 2019, doubling its 2018 production of $41.5 billion, and breaking a mortgage wholesale industry record of $103.3 billion set in 2005 by Countrywide Financial.


 
About the author
Published
Apr 10, 2020
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026