The CEO of United Wholesale Mortgage, Mat Ishbia, went on the record as defending the roles those companies play in mortgage lending — even declaring a huge HouseCanary settlement against a Quicken Loans sister company as “good for all of us.”

He goes over the logic in his 3 Points with Mat Ishbia on the United Wholesale Mortgage YouTube channel (full video below) — basically painting a picture of a tech David versus a mortgage lending Goliath.

“Why does this matter to you? Over $700 million, that’s not a small fee,” Ishbia explains in the video:

"Also we need these technology vendors, we need these little companies that come and disrupt our business. So this is good for all of us, we want these firms to come and disrupt it, and come up with a new way to help you with a Realtor, to help you with a consumer, help us with valuations.”

"We need this, we all need this. The jury basically validated these technology firms have a place in our industry.”

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