Who owns United Wholesale Mortgage?
Is UWM a direct lender?
United Wholesale Mortgage isn't a direct lender, but it does give its partners the flexibility they need to offer loans at competitive rates. That's because mortgage brokers work with a variety of lenders, so UWM has to compete for your business.
Is UWM loan administration legit?
UWM is a top wholesale mortgage lender in the country, offering a wide range of loan types and products. This is good news for borrowers, particularly those who may have limited credit access, or who may not be in a position to make a significant down payment.
Does United Wholesale Mortgage recast?
Recast your mortgage.
Lombardi says that for a fee of about $250, companies will reamortize the loan so that the term stays the same, but the monthly payment is lowered based upon the reduced principal. “We do that with our clients all the time,” says Mat Ishbia, president and CEO of United Wholesale Mortgage.