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United Wholesale Mortgage ultimatum hurts brokers and consumers alike

United Wholesale Mortgage ultimatum hurts brokers and consumers alike
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

Why there s a twist as mortgage brokers offer outside-the-box loans

Why there s a twist as mortgage brokers offer outside-the-box loans
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

Mortgage Brokers File Class Action Against Leading Wholesale Mortgage Lender | Bilzin Sumberg

To embed, copy and paste the code into your website or blog: United Wholesale Mortgage (UWM), the nation’s largest wholesale mortgage lender, announced on March 4, 2021, that it would no longer do business with mortgage brokers who also worked with Rocket Mortgage (the online loan shopping and application tool offered by Quicken Loans) or with Fairway Independent Mortgage Company, claiming that those two rival companies “are hurting the wholesale channel.” UWM’s “us or them” ultimatum sparked a furor and no shortage of angst among the voluminous group of brokers who had been dealing profitably with both UWM and at least one of those rivals to that point. Now, the ultimatum has led to a class action lawsuit against UWM.

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