Lock & shop and tbd/scenarios
Give your borrower a contingency pre-approval with the security of a locked interest rate.
You can now lock your borrowers' interest rate while they shop for their new home. Even without a formal offer on a property, Lock & Shop gives your borrowers rate security with 60- or 90-day rate locks. If the rates improve as your borrowers shop, you can float down to the better rate. And our TBD/Scenarios feature makes Lock & Shop even more attractive.
Submit any income documents, guidelines or specific questions to see how UWM views the loan and we'll get back to you the next day with an answer.