NO ESCROW WAIVER FEES

Content Details - Escrow Waiver Fee

SAVE YOUR BORROWERS THOUSANDS OF DOLLARS AT CLOSING

UWM has removed the escrow waiver fee nationwide to give independent mortgage brokers a big competitive advantage over large banks and mega retail lenders. Now you can save your borrowers up to thousands of dollars at closing while delivering all the benefits UWM has to offer. Plus, UWM allows your borrowers to waive escrow on all conventional loans up to 90% LTV. (720+ FICO required for LTVs exceeding 80%. 640+ FICO in CA.)

KEY FEATURES

  • Save your borrowers thousands on fees and initial escrow deposits
  • Available on all conventional loans
  • 80.01%–90% LTV/720+ FICO (640+ FICO in CA)
  • 80% or less LTV/640+ FICO

WHAT THEY'RE SAYING

I love being able to offer the escrow waiver option without a fee. It lowers my borrowers’ monthly payments and the amount of cash they need at closing. This is a great tool to bring in new business.

Yobi Song

Loan Officer, NetLending

 

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