Is UWM a direct lender?

Is United Wholesale Mortgage a direct lender?

Headquartered in Pontiac, Michigan, United Wholesale Mortgage is a wholesale lender, not a direct lender.

Does UWM sell their loans?

At UWM, we want your borrowers to enjoy premium service even after their loan closes, which is why we service most of our loans for 12–36 months. In fact, we service over 100,000 loans at any one time. And although we occasionally do sell off our servicing, we make sure we protect your business in several ways.

Is UWM a bank?

10, 2018 /PRNewswire/ — United Wholesale Mortgage (UWM), the top-ranked wholesale mortgage lender and a Top-5 overall mortgage originator in the country, continues the rapid growth of its loan production volume, becoming the No. 1 non-bank purchase lender in America, according to a report by Inside Mortgage Finance.

Does UWM do manufactured homes?

Manufactured Home Loans Are Here

We’re expanding our products. And giving you the tools to serve more borrowers.

Is UWM a good lender?

Customer service: Although UWM has an A+ rating with the Better Business Bureau, a spate of recent United Wholesale Mortgage reviews on that site give the lender low ratings.

Is UWM a mortgage broker?

UWM is the largest wholesale mortgage lender in the country and originates loans exclusively through mortgage brokers who work with home buyers and sellers to find them the best interest rates and mortgages for their needs.

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Does UWM have an app?

UWM Mobile is UWM’s official iPhone and Android app. It’s goal is to make accessing important resources like events, news, maps, directories and more available where ever your are.

Does UWM do home equity loans?

The company does not offer home equity loans and does not lend directly to borrowers.

What is wholesale loan?

In its essence, wholesale banking is the financial practice of lending and borrowing between two large institutions. … Wholesale banking also refers to the borrowing and lending between institutional banks. This type of lending occurs on the interbank market and often involves extremely large sums of money.