Tagged: United Wholesale Mortgage (UWM)

The wholesale lender expects more than $1.8 billion in proceeds, extending its capital restructuring while preliminary quarterly originations fall 16%

The offer covers scores of 580 and higher and cuts the adjustment on VA cash-outs above 90% LTV

Mortgage Matchup’s national campaign pitches brokers as a resource for consumers who assume their financing options are limited

The lender drops its minimum score overlays on agency loans and automatically selects the highest qualifying FICO or VantageScore result through its free credit reports

With an announcement reportedly possible, the fight over two-bureau versus tri-merge credit reports is putting cost, borrower outcomes, and lender choice in the spotlight

The wholesale lender removes an adjustment for new locks while Fannie and Freddie align pricing between VantageScore 4.0 and Classic FICO

More than 1,100 mortgage lenders have enabled the alternative score, but TransUnion tells NMP that “adoption” includes uses beyond loan originations

CHLA sees new Fannie and Freddie score disclosures as a first step toward more competition, while lenders are already finding different borrower outcomes under today's models

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Former CrossCountry and Pennymac executive takes newly created role overseeing capital markets and investment strategy