Union Home Mortgage (UHM) has launched several new Non-QM mortgage products designed to meet the diverse investment needs of its customer base through the launch of UHM Platinum. By cultivating strategic relationships, both new and ongoing, the lender aims to drive growth in its non-QM segment.
In addition to qualified mortgage (QM) options such as jumbo and non-owner-occupied loans, investors can immediately take advantage of bank statement and DSCR products through the UHM platform. These offerings provide greater flexibility and open new avenues for portfolio growth.
Looking ahead, Union Home Mortgage's non-QM product suite will continue to expand following the launch, ensuring even more opportunities to meet evolving market demands.
"Union Home has enjoyed significant growth to our Non-QM business," said Bill Cosgrove, CEO of Union Home Mortgage. "We're part of a larger trend in the mortgage industry as the non-QM space is growing as a whole."
UHM is a full-service retail, wholesale, and consumer direct independent mortgage banking company with branches across the U.S. in 48 states and the District of Columbia. D.C.
UHM also recently announced the acquisition of the retail and wholesale origination assets of Sierra Pacific Mortgage Company (SPMC), a move that positions UHM among the 15 largest independent mortgage bankers in the country with more than $15 billion in annual originations. The deal includes Sierra Pacific’s retail branches and wholesale broker relationships. Both channels will continue operating on Sierra’s proprietary Loan Express origination system, with no disruption to existing pipelines. Servicing assets remain with Sierra Pacific.
“When we look to acquire, we want a deal that makes sense to us, but also is good for employees and customers, and SPMC is a perfect fit geographically and culturally,” said Cosgrove. “Our company lives by the mantra of ‘Promises Kept,’ and we promise that this is a good deal for the employees and customers of SPMC and UHM.”
