UWM leads the pack in April
United Wholesale Mortgage had a banner April, finishing the month at $9.41 billion – more than any other lender. And Mat Ishbia, UWM president and CEO, gives much of the credit for the company’s stellar performance to the broker channel.
“Our volume – which is 100% wholesale – has never been higher, and I think we’re just getting started. We’ve had a great month, but it’s really more about what it means for brokers,” Ishbia said. The massive swing of loan officers into the broker channel has been huge for us. We’re two or three times bigger than we were last year, and it’s because the broker channel is growing.”