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 […]
Does UWM Have A Hostile Work Culture? Bloomberg Reports That It Does. However, UWM Disputes The Claims Does UWM have a hostile work culture problem? A scathing story published Wednesday by Bloomberg claims it does. The story depicts United Wholesale Mortgage Holdings Corp.’s workplace culture as hostile. The report is ripe with allegations of sexual […]
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 […]
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