Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

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Robert Dietz on why the single-family rental market is growing

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Mortgage

UWM now offering VA loan program with mortgage rates as low as 2.25%

Looks to support veteran borrowers in "one of the strongest purchase seasons on record"

United Wholesale Mortgage announced a new VA loan program Wednesday that offers borrowers mortgage rates as low as 2.25% for both purchases and refinances.

Last month UWM rolled out a new loan program that offered borrowers an interest rate as low as 2.5% for both purchase mortgages and refinances. 

For context, as of June 18, we reported that the average rate for a 30-year fixed mortgage was 3.13%, down from 3.21% the prior week.

UWM is both the nation’s biggest purchase mortgage lender and the largest wholesale lender, meaning it doesn’t lend directly to borrowers. It works directly with independent mortgage brokers, who can in turn offer these low rates to their customers.

By offering conventional 30-year fixed rates to veterans in the 2.25 to 2.375% range, UWM said it intends to “support veteran borrowers in one of the strongest purchase seasons on record due to pent up demand created by COVID-19.”

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