UWM Unleashes Three New Innovations at AIME Fuse

Lender introduces UClose 3.0, TRAC and Safe Check

Pontiac, Oct. 1, 2022 – United Wholesale Mortgage, (UWM), the #1 wholesale and purchase lender in America, revealed three new tools to help independent mortgage brokers offer more speed, control and transparency from initial approval to closing. Mat Ishbia, president and CEO of UWM, made these announcements today at the Association of Independent Mortgage Experts’ (AIME) fifth annual Fuse event in Las Vegas.

The three tools include: UClose 3.0, TRAC (Title Review and Closing) and Safe Check.

UClose 3.0, is an enhanced version of the company’s UClose 2.0 platform, launched in 2018. UWM has improved the entire user experience to create a sleek, enhanced system that offers hybrid closings and streamlined virtual closings, giving borrowers the ability to close anywhere, anytime, on any device. It provides more transparency and visibility to key information and allows brokers to choose from three closing options on their borrower’s behalf, including an in-person close, a hybrid close or a virtual close. With this platform, it will now only take minutes to move from CTC to Final Closing package.

Entirely new to the industry, TRAC offers an alternative to the traditional title and closing process. This exclusive tool provides a streamlined experience, plus significant savings for the borrower by removing the need for Lender Title Policy, and reducing title and closing fees. UWM will now be able to review title and closing docs, check to make sure the title is clear and then help facilitate the closing process, making it simple and convenient for brokers and their borrowers.

“UClose 3.0 and TRAC are changing the way we do closings,” said Ishbia. “These exclusive offerings will allow for a faster, cheaper and more efficient experience for all parties involved. Brokers now have access to a more streamlined platform that will guide them through the closing process step-by-step with more transparency, smarter technology and increased control.”

Ishbia also announced Safe Check, an innovative offering that saves time during the initial borrower approval process, allowing borrowers to get an appraisal waiver pre-check before submitting their loan. This early approval helps borrowers move ahead with certainty on cost and prevents trigger leads through a soft credit check that doesn’t impact FICO scores.

“Brokers continue to dominate the market and UWM continues to arm its brokers with the best tools to help them grow their business for the long-term,” said Ishbia. “Safe Check benefits both the broker and the borrower during that initial approval process by providing unmatched certainty and transparency.”

UWM is singularly focused on giving mortgage brokers a competitive advantage in the mortgage industry. This announcement comes after the company announced it would honor the anticipated 2023 conforming loan limits in addition to the launch of Standalone and Piggyback HELOCs, and Temporary Rate Buydowns, as well as Game On pricing that is still going strong.

UWM supports independent mortgage brokers with industry-leading training, technology and service. For more information on how to sign up as a broker with UWM, visit www.UWM.com.

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