Items Tagged with 'wholesale lending'

ARTICLES

  • United Wholesale Mortgage bets on continued growth with massive headquarters expansion

    Reveals plans to double Michigan office space
    United Wholesale Mortgage is betting big on the continued growth of the broker channel, building an extension of its already-large headquarters in Pontiac, Michigan, to house its expanding team. The company recently revealed plans to expand its existing office by building a new 900,000-square-foot facility across the street, which will be needed to accommodate the astounding growth it’s predicting.
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  • Quicken Loans' wholesale channel logs record week

    Posts 400% spike from last year as retail channel boasts record-breaking Q2
    Whether or not you’re a Rocket Mortgage fan, you can’t deny that Quicken Loans is on a bit of a winning streak. Earlier this month, the lender revealed that it posted the best quarter in its 34-year history. Now, the lender has announced that its wholesale channel, Quicken Loans Mortgage Services, logged its best week ever.
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  • FirstBank exiting wholesale mortgage lending

    Selling correspondent channel to Rushmore, sells TPO channel to Renasant Bank
    In what’s become a trend, another lender announced this week that it is scaling back its mortgage business. In the last two months alone, HomeStreet Bank, Ditech, and Live Well Financial have all moved away from mortgage lending in one way or another. Now, FirstBank, one of Tennessee’s largest community banks, is selling off its wholesale mortgage lending operations.
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  • American Advisors Group ups reverse mortgage support for brokers

    Invests in resources to grow its wholesale channel
    American Advisors Group announced the launch Monday of an expanded set of resources designed to help its wholesale partners elevate their reverse mortgage business. AAG is ranked No. 1 in reverse mortgage lending overall, but it's No. 4 in wholesale. Now, with an enhanced set of tools for brokers, it just may climb the ranks.
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  • Home Point Financial acquires Platinum Mortgage’s wholesale division

    Growth continues for Home Point
    The last few years have been a period of growth for Home Point Financial. It began back in early 2015, when Home Point announced the acquisition of Maverick Funding, with Maverick’s business becoming Home Point’s initial mortgage banking platform. And it appears Home Point has no plans to slow down.
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  • Plaza Home Mortgage expands non-QM lending for mortgage brokers

    Now offers “flexible income documentation” requirements
    Mortgage brokers and correspondent lenders now have expanded options when it comes to lending to borrowers who don’t fit into the Qualified Mortgage box. Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program to “allow brokers and correspondent lenders to qualify more non-traditional borrowers.”
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  • Angel Oak Prime Bridge expanding into wholesale lending for fix-and-flip loans

    Now offering loans for real estate investors through brokers
    Mortgage brokers who have clients seeking financing for real estate investments now have a new outlet for funding, as Angel Oak Prime Bridge is expanding into wholesale lending. Angel Oak Prime Bridge is a member of the Angel Oak family of companies, and focuses on providing fix-and-flip loans to real estate investors.
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  • United Wholesale Mortgage rolls out new pricing plan

    Predicts growth for broker channel in 2019
    In 2018, United Wholesale Mortgage closed out the year with $41.5 billion in total loan volume, making up nearly a quarter of the entire wholesale industry's market share. But it looks like UWM is setting the bar even higher in 2019, as the company has recently announced plans to change its pricing philosophy in a bid to offer "the best prices and rates in America."
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  • From HW Magazine

    UWM empowers mortgage brokers with the launch of its latest tech solutions

    UClose 2.0 and One-Click AUS help brokers expand clientele and close loans faster
    2018 proved to be a rough year for lenders due to the high cost to originate and rising interest rate climate. However, mortgage brokers bucked that trend, with the growth of that channel made especially evident by United Wholesale Mortgage, the nation’s No. 1 wholesale lender, as it reported a 52% year-over-year increase in loan volume this year, from Q3 2017 to Q3 2018, and ranked as a top-five overall mortgage lender.
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