United Wholesale Mortgage Partners Expands Industry Reach with IMB Partnership

United Wholesale Mortgage Partners has made a significant move in the industry by partnering with IMB. This partnership has expanded their reach, allowing them to offer more services to their clients.

Their goal is to provide a seamless experience for homebuyers and sellers. United Wholesale Mortgage Partners aims to simplify the mortgage process, making it more efficient and stress-free.

The partnership with IMB has enabled them to offer a wider range of products and services. This includes a broader selection of loan options and more flexible terms.

United Wholesale Mortgage Partners is committed to delivering exceptional customer service. They strive to build long-lasting relationships with their clients, providing personalized support throughout the mortgage process.

UWM has partnered with the National Association of Mortgage Brokers (NAMB) to grow the independent mortgage channel through the KickStart initiative. This program aims to strengthen the mortgage broker channel by helping loan originators open their own mortgage brokerages.

UWM has allocated $500,000 in total funding to the program, which will grant qualified loan originators up to $10,000 to cover startup costs. Funding requests will be reviewed by the KickStart Review Committee, consisting of UWM and NAMB representatives, as well as independent mortgage brokers.

The goal of the KickStart program is to double the market share of the wholesale channel, currently at 12 percent. This will be achieved by getting more loan originators to independent mortgage companies, where they can provide better services to consumers.

Achieving Diamond Status with United Wholesale Mortgage (UWM) is a significant milestone for IMB MLOs. It's a testament to their strength as a leading loan partner.

Reaching Diamond Status comes with some amazing perks. Here are the benefits:

These benefits not only streamline operations but also enhance the profitability and service quality of IMB MLOs. By partnering with IMB, you gain access to these exclusive perks and more.

NAMB is committed to growing the mortgage broker channel, and they're putting their money where their mouth is with the KickStart initiative.

The KickStart program will grant qualified loan originators up to $10,000 to help cover startup costs such as office space and software technology.

A NAMB survey found that 70% of loan originators are interested in opening their own shops, but 44% say a lack of funding is the primary obstacle.

The KickStart program aims to strengthen the mortgage broker channel by getting more loan originators to independent mortgage companies.

UWM has allocated $500,000 in total funding to the program, which will be reviewed by the KickStart Review Committee.

The KickStart Review Committee consists of one UWM representative, three NAMB representatives, and two independent mortgage brokers.

More information about KickStart is available at www.nambkickstart.com.

United Wholesale Mortgage Partners have been at the center of controversy due to accusations of favoritism and overcharging borrowers. UWM's response to these claims is that it's not uncommon for mortgage brokers to send most of their business to a specific lender.

The company argues that it's not unique to them and that many brokers use 3-5 lenders, evaluating factors like speed, service, rate, and cost/fees.

UWM claims to be audited by multiple regulations every year, with zero findings of wrongdoing. They call the report from Hunterbrook Media "disinformation" that aims to change their behavior.

According to UWM, their "All-in" initiative has been successful in court, with two federal judges ruling in favor of the company.

The company's average rate for mortgages sold to Fannie Mae and Freddie Mac in 2023 was 6.51%, compared to the 6.81% average for the 30-year fixed rate mortgage.