TROY, Mich.--(BUSINESS WIRE)--
United Wholesale Mortgage (UWM) – one of the nation’s fastest growing wholesale lenders – has become the number one wholesale lender in the country in origination volume as ranked by mortgage industry outlet Mortgagestats.com for the third quarter of 2013. UWM – the wholesale arm of United Shore Financial Services (USFS) – has been growing at a rapid rate over the past several years and has now achieved the top slot for the first time ever with a reported 29% increase in originations compared to the third quarter of 2012.
“The United Wholesale Mortgage team changed the game from being a commodity-driven model to a business built upon relationships with independent brokers and fueled by world class customer service,” said Mat Ishbia, president of UWM and president/CEO of USFS. “This is a significant milestone that our company can build on going forward, and I remain keenly optimistic about 2014 and our future.”
UWM also attributes its success to leading the industry in innovative offerings to champion its broker community, the valued mediators who bring mortgage borrowers and mortgage lenders together. Last year’s releases included the “Flex Term,” a pick-your-term amortization product. The lender leverages leading proprietary technologies which help UWM operate more efficiently and effectively while offering brokers leading web-based tools to help them be more successful.
Early in 2013, USFS moved more than 1,200 employees into a new 140,000 square foot headquarters. Company officials say the centralization of its divisions and employees has aided greatly in creating an efficient and rewarding work environment that is conducive to collaboration and expansion.
About United Wholesale Mortgage
United Wholesale Mortgage (UWM) underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM’s positive teamwork and dedication to exceptional client service has resulted in continued success and growth that has spawned expansion. For more information, visit www.uwm.com.
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John Wray, 248-833-4294