Mortgage Brokers Join UWM on the Inc. 5000 List of America’s Fastest-Growing Private Companies
Mortgage brokers ranked as some of the top companies, proving the wholesale channel is continuing to grow
PONTIAC, August 26, 2020 – Inc. Magazine unveiled its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies and it included a remarkable number of mortgage companies within the wholesale channel. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.
Among others, United Wholesale Mortgage (UWM) was joined on the list by mortgage brokerages such as Affinity Home Lending, MortgageDepot and Molitor Financial. UWM, the #1 wholesale lender in the nation, and these independent mortgage companies experienced a combined three-year revenue growth average of 186%, demonstrating that the wholesale channel is on the rise and that mortgage brokers are expanding their businesses at impressive paces.
“I am proud of the growth at UWM and in the wholesale channel. Our team members continue to support the broker community by providing them with the best tools and technology in the industry, so the brokers can grow their business” said Mat Ishbia, president and CEO of United Wholesale Mortgage. “Seeing mortgage brokers rank so highly on this national list shows that brokers are dominating in the industry and their growth supports the growth of the wholesale channel,” Ishbia said.
Over the past three years, UWM has experienced an unprecedented increase in their loan volume and hiring numbers, almost tripling the number of team members between 2016 and 2019. At the end of 2019, UWM broke their company record with $107.7 billion in mortgage loan volume in 2019, more than doubling its 2018 production of $41.5 billion. Throughout 2020, UWM has continued to hire to support the surge in the housing market and continues to support independent mortgage brokers in expanding their business.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.