UWM Announces 'Across The Board' Rate Cuts – NMP Skip to main content

UWM Announces 'Across The Board' Rate Cuts

David Krechevsky
Jun 27, 2022
Uwm front building with sign

'Game On' pricing drop rates by 50-100 basis points

United Wholesale Mortgage (UWM), the Pontiac, Mich.-based national wholesale and purchase lender, has announced it will drop rates across the board by 50-100 basis points (bps) with its “Game On” pricing.

The UWM offering takes the lender’s Compete & Beat program, which was launched in May to beat the top 20 lenders pricing by 1 basis point, to a whole new level, the company said. Effective as of June 22, significantly lower pricing has been applied across all loan types, from conventional to government to elite products, UWM said.

“UWM is giving independent mortgage brokers everything they need to win in this competitive market with state-of-the-art technology, fast turn times, and now lower rates,” the company said in a news release.

“This strategic pricing move is two-fold; it takes the guesswork out of where a broker should place a loan and accelerates retail loan officers joining the wholesale channel as it further extends independent mortgage brokers’ advantage over retail,” said Mat Ishbia, UWM president & CEO. “If a borrower has a 620+ FICO, that loan should come to UWM. Instead of having to choose between the best technology, best client experience, best wholesale partner or best price, we are offering it all.”

The “Game On” announcement follows the release of Boost, a UWM-exclusive growth marketplace that the company says helps independent mortgage brokers grow and manage their businesses more effectively. It provides streamlined access to purchase tailored leads, stay in touch with past clients, connect with local real estate agents, and opt into live-call transfers, UWM said.

UWM works only with independent brokers who do not do business with Rocket Mortgage or Fairway Independent Mortgage.

Published
Jun 27, 2022
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022
Fairway Independent Mortgage Hires Former PrimeLending President

Firm says Scott Bristol is part of aggressive originator expansion.

Career
Aug 11, 2022
Mortgage Rates Jump Back Above 5%

Freddie Mac says rates recent volatility continues.

Industry News
Aug 11, 2022
Redfin: Share Of Relocating Buyers At All-Time High In July

People are looking for less expensive and better lifestyles.

Industry News
Aug 11, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022