United Wholesale Mortgage Unveils ‘Game-Changing’ Incentive For Borrowers
- Conventional purchases
- Conventional refinancing
- FHA streamlines non-credits
- IRRRL VA not eligible for credit
UWM President and CEO Mat Ishbia said the incentive celebrated being the nation’s leading wholesale lender for the sixth year in a row – and UWM will go public on January 22.
“We just finished our best year ever and 2021 will be even better because of our hard working team members and customers,” said Ishbia. “Mortgage brokers help borrowers get the best loans, and our goal at UWM continues to be to further develop the independent mortgage broker channel. “
The firm first revealed the news of the IPO in September. UWM has entered into a business combination agreement with specialist acquisition company Gores Holdings IV to take advantage of the current favorable winds in the mortgage industry. UWM will list its shares on the NASDAQ stock exchange, where it will trade under the name “UWMC”.
“Giving 61 basis points for 61 days is a game changer for mortgage brokers and their borrowers,” Ishbia said. “This incentive will attract more business to brokers and once again prove that working with a mortgage broker is faster, easier and cheaper.”