TRAC

Save On Title Costs And Get A Lower Rate

Available exclusively from UWM, TRAC (Title Review And Closing) is a process that changes the way you can handle title work and closing – creating a cheaper and more efficient process. With 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.

Available for conventional loans, the TRAC process helps you get your title docs ready in an average of 1-2 days. Plus, it provides significant savings. When you select TRAC, UWM will apply a pricing incentive based on the loan amounts below:

The TRAC fee is $1,600 plus the settlement agent cost. Choose from our list of TRAC-Approved Settlement Agents or have your preferred settlement agent sign up and the settlement agent fee will be up to $500.

Or, if you don’t have a preferred settlement agent you can use Reltco or Nations Title Agency to close your loans and pay a flat $350 settlement agent fee.

Information is subject to change. TRAC eligibility is determined by county and does not replace an owner title policy. Savings on title costs vary based on location and loan amount.

TRAC is not available for co-ops, manufactured homes, Texas 50 (a)(6), HELOCs, government 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.”

The principal, interest and MI payment on a $250,000 30-year Fixed-Rate Loan at 7.25% and 90% loan-to-value (LTV) is $1,759.61. The Annual Percentage Rate (APR) is 7.709% with estimated finance charges of $6,500. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premium, which will result in a higher actual monthly payment. Rates current as of 04/17/24. Subject to borrower approval. Some exclusions may apply.