United Wholesale Mortgage

UWM Celebrates Mortgage Broker Market Share Hitting 15-year High

Retrieved on:

Monday, March 11, 2024

Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Personal Finance, UWM, IMF, HMDA, United Wholesale Mortgage, Growth, Real estate

United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, is celebrating a significant leap in market share for the mortgage broker channel, commanding 24.3% in Q4 2023, according to recent data from Inside Mortgage Finance (IMF).

Key Points:

United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, is celebrating a significant leap in market share for the mortgage broker channel, commanding 24.3% in Q4 2023, according to recent data from Inside Mortgage Finance (IMF).
Mortgage Broker market share has steadily been on the rise for years, making substantial strides in the last few years.
This is the highest broker market share since 2009.
"Mortgage broker market share hitting a 15-year high is not only an outstanding achievement, it is a testament to the care, commitment and passion brokers across the country pour into putting their borrower’s needs first,” said Mat Ishbia, President and CEO of UWM.

The Home Loan Arranger Recognized as Top 1% Mortgage Broker Nationally by United Wholesale Mortgage (UWM)

Retrieved on:

Saturday, March 16, 2024

UWM, United Wholesale Mortgage, Real estate

DENVER, March 15, 2024 /PRNewswire-PRWeb/ -- "The Home Loan Arranger has once again achieved a remarkable feat by being ranked in the top 1% nationwide for production. I am extremely delighted and would like to extend my heartfelt appreciation to my dedicated staff for their invaluable assistance in making this achievement possible. Without their support, this prestigious award would not have been attainable." stated Jason M. Ruedy, owner of The Home Loan Arranger.

Key Points:

The Home Loan Arranger, a leading mortgage brokerage renowned for its unparalleled service and expertise, proudly announces a significant milestone.
The Home Loan Arranger has secured the esteemed position of top 1% mortgage broker in the country for production by United Wholesale Mortgage (UWM), one of the largest mortgage lenders in the United States.
DENVER, March 15, 2024 /PRNewswire-PRWeb/ -- "The Home Loan Arranger has once again achieved a remarkable feat by being ranked in the top 1% nationwide for production.
The Home Loan Arranger gladly takes this eminent award from UWM, a prominent name in the mortgage industry, as a tremendous validation of excellence.

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2024-HE1 (JPMMT 2024-HE1)

Retrieved on:

Monday, February 26, 2024

Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, United Wholesale Mortgage, FOCUS, KBRA, RMBS, IO, Telescopic sight

KBRA assigns preliminary ratings to 7 classes of Mortgage Participation Pass-Through Certificates from J.P. Morgan Mortgage Trust 2024-HE1 (JPMMT 2024-HE1), a $210.0 million RMBS transaction sponsored by J.P. Morgan Mortgage Acquisition Corp. and FOCUS III Advisory, LLC.

Key Points:

KBRA assigns preliminary ratings to 7 classes of Mortgage Participation Pass-Through Certificates from J.P. Morgan Mortgage Trust 2024-HE1 (JPMMT 2024-HE1), a $210.0 million RMBS transaction sponsored by J.P. Morgan Mortgage Acquisition Corp. and FOCUS III Advisory, LLC.
The transaction consists entirely of second lien home equity lines of credit (HELOCs).
The underlying pool is seasoned approximately two months and comprises 2,800 loans, with United Wholesale Mortgage, LLC (51.5%) and loanDepot.com, LLC (39.8%) representing the largest contributing originators.
Most of the loans feature 20-year repayment periods after initial draw windows of three or ten years.

Orkes Raises $20M in Fresh Funding as Its Application Orchestration Platform Grows in Popularity With Developers and Enterprises

Retrieved on:

Wednesday, February 21, 2024

Orkes , whose platform offers the fastest way to scale distributed systems, has raised $20 million in new funding.

Key Points:

Orkes , whose platform offers the fastest way to scale distributed systems, has raised $20 million in new funding.
This latest round was led by Nexus Venture Partners with participation from existing investors Battery Ventures and Vertex Ventures US .
One of the largest healthcare organizations in the world is using Orkes Conductor for orchestration of machine learning pipelines.
One of the largest insurance companies in the Asia Pacific region uses Orkes Conductor to modernize its client-facing claims management processes.

UWM Holdings Corporation Announces Q4 2023 and Full Year 2023 Earnings Conference Call

Retrieved on:

Wednesday, February 14, 2024

Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Interest, United Wholesale Mortgage, UWM, UWMC

UWM Holdings Corporation ( NYSE:UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter 2023 and full year 2023 financial results on Wednesday, February 28, 2024.

Key Points:

UWM Holdings Corporation ( NYSE:UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its fourth quarter 2023 and full year 2023 financial results on Wednesday, February 28, 2024.
A press release with financial highlights will be available on the company’s investor relations website https://investors.uwm.com in the earnings release section.
UWM will host a conference call for financial analysts and investors on Wednesday, February 28, 2024, at 10:30 a.m.
Audio webcast, taped replay and transcript will be available on the UWM investor relations website.

Association of Independent Mortgage Experts (AIME) Announces Jonathon Haddad as New CEO

Retrieved on:

Thursday, January 25, 2024

Public Policy, Government, Construction & Property, Finance, Other Policy Issues, Banking, Small Business, Professional Services, Residential Building & Real Estate, AIME, CMB, Fuse, United Wholesale Mortgage, EPM, Environment, UWM, Growth, Real estate

The Association of Independent Mortgage Experts (AIME), the leading membership organization representing the independent mortgage broker industry, today announced the appointment of Jonathon Haddad as Chairman and Chief Executive Officer.

Key Points:

The Association of Independent Mortgage Experts (AIME), the leading membership organization representing the independent mortgage broker industry, today announced the appointment of Jonathon Haddad as Chairman and Chief Executive Officer.
A 10-year mortgage veteran, Haddad successfully transitioned from the retail channel, formerly a Vice President at one of the largest retail lenders, and joined the broker channel in 2020.
"I am honored to take on the role of CEO at AIME and have seen firsthand the strength and potential of the broker community," said Jonathon Haddad.
“I’ve seen both sides of our industry, and I can wholeheartedly say that the future of mortgage is with independent brokers.

UWM Rebrands FindAMortgageBroker.com to Mortgage Matchup

Retrieved on:

Wednesday, January 17, 2024

Finance, Other Construction & Property, Professional Services, Residential Building & Real Estate, Construction & Property, DNA, UWM, Marketing, United Wholesale Mortgage, Research, Database, Real estate

United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today it will sunset the name of its consumer-facing website, FindAMortgageBroker.com, and replace it with Mortgage Matchup.

Key Points:

United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today it will sunset the name of its consumer-facing website, FindAMortgageBroker.com, and replace it with Mortgage Matchup.
Mortgage Matchup will continue to be a consumer-facing website geared toward homebuyers and real estate agents, and will offer both educational material around the homebuying and refinancing processes, along with a searchable database of independent mortgage brokers near them.
“We are incredibly excited to further connect consumers and real estate agents with independent mortgage brokers across the country through this rebrand,” said Sarah DeCiantis, Chief Marketing Officer at UWM.
The Mortgage Matchup rebrand was driven by extensive research, creative concept testing and consumer insights all developed in-house by UWM’s versatile marketing team.

KBRA Assigns Preliminary Ratings to J.P. Morgan Mortgage Trust 2023-HE3 (JPMMT 2023-HE3)

Retrieved on:

Wednesday, December 20, 2023

Banking, Professional Services, Finance, IO, United Wholesale Mortgage, FOCUS, RMBS, KBRA, Telescopic sight

KBRA assigns preliminary ratings to 7 classes of Mortgage Participation Pass-Through Certificates from J.P. Morgan Mortgage Trust 2023-HE3 (JPMMT 2023-HE3), a $257.8 million RMBS transaction sponsored by J.P. Morgan Mortgage Acquisition Corp. and FOCUS III Advisory, LLC.

Key Points:

KBRA assigns preliminary ratings to 7 classes of Mortgage Participation Pass-Through Certificates from J.P. Morgan Mortgage Trust 2023-HE3 (JPMMT 2023-HE3), a $257.8 million RMBS transaction sponsored by J.P. Morgan Mortgage Acquisition Corp. and FOCUS III Advisory, LLC.
The transaction consists entirely of second lien home equity lines of credit (HELOCs).
The underlying pool is seasoned approximately two months and comprises 3,002 loans, with United Wholesale Mortgage, LLC (63.1%) and loanDepot.com, LLC (27.5%) representing the largest contributing originators.
Most of the loans feature 20-year repayment periods after initial draw windows of three or ten years.

UWM Holdings Corporation Announces Q3 2023 Earnings Conference Call

Retrieved on:

Wednesday, October 25, 2023

Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, UWMC, UWM, Interest, United Wholesale Mortgage, NYSE, Real estate

UWM Holdings Corporation ( NYSE:UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2023 financial results on Wednesday, November 8, 2023.

Key Points:

UWM Holdings Corporation ( NYSE:UWMC ), the publicly traded indirect parent of United Wholesale Mortgage (UWM), #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its third quarter 2023 financial results on Wednesday, November 8, 2023.
A press release with financial highlights will be available on the company’s investor relations website https://investors.uwm.com in the earnings release section.
UWM will host a conference call for financial analysts and investors on Wednesday, November 8, 2023, at 10:30 AM ET to review the results and answer questions.
Audio webcast, taped replay and transcript will be available on the UWM investor relations website.

Association of Independent Mortgage Experts Celebrates the Success of Annual National Conference, Fuse VI

Retrieved on:

Wednesday, October 11, 2023

The Association of Independent Mortgage Experts (AIME) is thrilled to announce the resounding success of its sixth annual national conference, Fuse, which brought together thousands of independent mortgage brokers, industry leaders, and experts from across the nation, despite the current state of the housing market.

Key Points:

The Association of Independent Mortgage Experts (AIME) is thrilled to announce the resounding success of its sixth annual national conference, Fuse, which brought together thousands of independent mortgage brokers, industry leaders, and experts from across the nation, despite the current state of the housing market.
View the full release here: https://www.businesswire.com/news/home/20231011802273/en/
Katie Sweeney, AIME Chairman and CEO, on stage at the sixth annual Fuse national conference in Las Vegas for independent mortgage brokers.
These tools are just the latest examples of UWM’s commitment to support independent mortgage brokers with industry-leading training, technology and service.
Fuse VI also held its fourth annual Women’s Mortgage Network Summit and second annual Diversity and VA Summits.