UWM Has Filed A SLAPP Lawsuit Against Owners Of A Facebook Page Dedicated To Brokers. UWM has filed a SLAPP lawsuit against mortgage broker Ramon Walker. The lender alleges Walker used social media to unfairly promote competitors and misuse trademarked material. UWM alleges Ramon Walker and Mortgage Solutions FCB dba Client Direct Mortgage breached their […]
UWM Announces Major Expansion Of Its Popular Bank Statement Loan Programs. Pontiac, Michigan based lender UWM Announced Wednesday that it intends on expanding its bank statement loan program. The plan is to provide additional flexibility and opportunities for independent mortgage brokers and self-employed borrowers. The UWM program will allow borrowers to use their bank statements […]
United Wholesale Mortgage has reduced its staff by 2,600 since 2021. This 30% Of It’s Staff Since January 2021, United Wholesale Mortgage has let go of 2,600 employees. The company has gone from 8,600 employees to 6,000. This contradicts CEO Mat Ishbia that UWM hasn’t laid anyone off. Ishbia even stated it again in a […]
United Wholesale Mortgage Bucks Industry Trend By Posting 55% Increase In Net Income In Second Quarter United Wholesale Mortgage Holdings on Tuesday posted a net income of $215.4 million in the second quarter. This is a 55% increase from 2021. The suburban Detroit lender also posted profits on $29.9 billion in loan origination volume for […]
UWM Sues America’s MoneyLine For $2.8 Million For Sending Loans To Rocket Mortgage And Fairway UWM filed a lawsuit against America’s MoneyLine (AML) for $2.8 million. United Wholesale Mortgage alleges the California-based brokerage repeatedly violated their “All-In” Initiative Agreement they signed in March 2021. UWM gave brokers an ultimatum on March 15, 2021. Mat Ishbia […]
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