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 […]
Northpointe Bank Joins The Exodus Of Lenders Leaving Wholesale Lending And Correspondent Lending Northpointe Bank announced that it is exiting correspondent lending. The bank announced today that the last day to lock or relock a loan is on February 17, 2023, by 5:00 ET. Northpointe also stated that the absolute last day to fund a […]
Homepoint Has Finally Admitted That It Shed Over 3,000 Employees. Homepoint has finally admitted that it has shrunk its workforce. The company says it’s workforce of 4,000 workers in summer of 2021 down to 1,000. The wholesale lender laid off 913 employees according to WARN notices filed in Arizona, Florida, Michigan and Texas. Homepoint has […]
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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