TRAC

A Faster, Cheaper And Easier Closing Process

Available exclusively from UWM, TRAC (Title Review And Closing) is a process that’s entirely new to the industry. It changes the way you handle title work and closing, creating a cheaper and more efficient process for all parties. When you elect TRAC, UWM will review title and closing docs, check to make sure your title is clear, then help facilitate the closing process, making it incredibly simple for you and your borrowers. Offer your borrowers significant savings with a cheaper title review process.

Choose from Reltco, Nations Title Agency or FIN Title Company to close your loans and pay a flat $350 closing fee

• Available for conventional loans
• TRAC process helps you get your title docs ready in an average of 1 day.
• We’ve reduced title and closing fees by removing the need for Lender's Title Policy
  • An LLPA of 20bps for refinances will be applied to the loan
  • An LLPA of 30bps for purchases will be applied to the loan
• Run UWM’s One-Click AUS to determine eligibility
• Easy step-by-step process. Select TRAC in Products and Pricing, choose your product and run One-Click AUS to see if the loan is eligible for TRAC. If eligible, order TRAC through Processor Assist.

Or, choose your own settlement agent to close your loan and pay up to a $500 closing fee

We give our clients the flexibility to use an agent of their choosing with an easy step-by-step process. When you choose an agent outside the three we suggest, the settlement agent can charge up to $500 for the title closing fee.

Click here for the latest Closing Indemnification Letter.

NOTE: TRAC is currently available in most states. Eligibility determined by county. Information subject to change. Certain restrictions apply. Subject to borrower approval. TRAC does not replace owner title policy.

TRAC is not available for co-ops, manufactured homes, Texas 50 (a)(6), HELOCs, PUDs, BorrowSmart,SM Refi Possible loans, condos, government loans and non-agency loans. Not eligible in the state of IA. For a full list of ineligible products, search The Source for “TRAC Process Guide.”