Is the Motor City becoming the Mortgage City?

United Wholesale Mortgage (UWM) – one of the nation’s fastest growing wholesale lenders – has become the number one wholesale lender in the country in origination volume as ranked by industry watchdog Mortgagestats.com for the third quarter of 2013. UWM – the wholesale arm of United Shore Financial Services (USFS) – has been growing at a rapid rate over the past several years and has now achieved the top slot for the first time ever with a 29% increase in originations compared to the third quarter of 2012.

 
“At UWM, we combined the best team in the mortgage industry with the best mortgage brokers in nation,” Mat Ishbia, president of UWM and president/CEO of USFS, said. “That shared commitment to world class customer service has helped us to this victory and, with continued hard work, will enable sustained success.”
 
UWM also attributes its success to leading the industry in innovative offerings to champion each and every broker – the valued mediators who bring mortgage borrowers and mortgage lenders together. A few of the 2013 releases included:

·         UWM Connect – a free service for brokers that funnels mortgage leads back to them
·         Income Calculator –  a tool which helps brokers accurately determine borrowers’ wages on mortgage applications
·         Flex Term – a “pick-your-term” amortization product.
 
The lender leverages leading proprietary “home-grown” technologies, which helps UWM operate more efficiently and effectively, and offers brokers leading Web-based tools that help them be more successful.  
 
In 2013, parent company USFS moved more than 1,200 employees into a new headquarters with more than 140,000 square feet of office space. For UWM, the centralization of its divisions and employees has aided greatly in creating an efficient and rewarding work environment that is conducive to collaboration and expansion.  
 
USFS headquarters features many amenities to retain and attract talent including an expanded cafeteria, state-of-the-art workout fitness center, dry cleaning pick-up/drop-off services, Starbucks, valet parking, 24-hour self-serve convenience store, and modern designs normally associated with a high-tech Silicon Valley company.
 
Recently, USFS was named a Top Workplace by the Detroit Free Press and one of Metro Detroit’s 101 Best and Brightest Companies to Work For for the second consecutive year including an Elite Award for Employee Achievement and Recognition. USFS has been recognized as one of the National Best and Brightest Companies to Work For and is ranked first for Elite Award Winners in the Large Business category.
 
UWM has been named a Top 25 Tech-Savvy Lender by Mortgage Technology magazine three years in a row for the leading-edge software it continues to develop. The company is led by a team of executives that hold deep experience in the mortgage industry and have proven track records of successfully growing organizations.
 
About United Wholesale Mortgage
Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM’s positive teamwork and dedication to exceptional client service has resulted in continued success and growth that has spawned expansion. For more information, visit www.uwm.com.

About United Shore Financial Services 
Founded in 1986, USFS is one of the largest independent mortgage lenders in the United States. It operates three brands: United Wholesale Mortgage, Shore Mortgage and Capital Mortgage Funding. United Wholesale Mortgage is the largest wholesale mortgage lender in the country, while Shore Mortgage is a nationally known, direct-to-consumer mortgage lender. Capital Mortgage Funding is a leading mortgage lender in southeastern Michigan. Together, the company employs more than 1,200 team members and is projecting year-over-year origination growth for 2013.