UWM Solves Major Industry Challenge with New Appraisal Promise
Appraisals will be completed in 10 business days or 50% of the cost will be credited back
Pontiac, January 12, 2021 – United Wholesale Mortgage, (UWM), the #1 wholesale mortgage lender and largest purchase mortgage lender in America, today announced its Appraisal Promise, which will allow brokers to take full advantage of UWM’s industry-leading turn times.
With the Appraisal Promise, UWM-approved AMCs guarantee that the appraisal will be completed within 10 business days or 50% of the appraisal cost will be credited back to the consumer. This promise applies to every brokered loan and is another way in which UWM is committed to getting brokers, borrowers and real estate agents to the closing table faster.
“We are always looking for ways to support our brokers and help them win,” said Mat Ishbia, President and CEO of UWM. “We consistently find opportunities to make the process faster, easier and cheaper. Appraisals are one piece of the process where speed matters, and our new appraisal promise will give brokers confidence that enable them to get borrowers into their dream home as quickly as possible.”
As the second largest lender in America, UWM continues to lead by utilizing industry-first technology and competitive rate offerings under 3%, which are available to all borrowers through independent mortgage brokers Mortgage brokers who are interested in working with UWM can get more information at www.UWM.com.