A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.
Tagged: United Wholesale Mortgage (UWM)
In a statement released on LinkedIn on Tuesday, UWM also offered legal support for its partners.
UWM CEO Claims Rocket is behind the attack; Rocket denies the allegation
Plaintiffs claim that UWM cheated hundreds of thousands of borrowers out of billions of dollars.
UWM's move comes amid rising credit report charges, providing relief to LOs.
UWM attributes the surge in the wholesale channel's growth to increased consumer confidence in independent mortgage brokers, citing significant cost savings and expanded lender options for borrowers.
UWM Chairman and CEO Mat Ishbia optimistic despite financial setback, cites operational profitability and broker dominance.
UWM alleges Ramon Walker used social media to unfairly promote competitors and misuse trademarked material, marking the latest in a series of legal battles.
Mortgage broker claims to have been tricked by promises of a 60-day trial with no restrictions.
UWM filed a lawsuit against Atlantic Trust Mortgage Corporation for violating the ultimatum.