PRESS RELEASE:

United Wholesale Mortgage Rolls Out Jumbo Loan Product up to $2.5 Million

UWM is now offering an exclusive true jumbo product to all of its brokers

| From
residential mortgage loans

BIRMINGHAM, Mich., Dec. 6, 2011 (SEND2PRESS NEWSWIRE) -- United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 47 states, announced today that it has a unique jumbo product with loan amounts up to $2.5 million and LTV's up to 80 percent. This product is exclusive and has extremely competitive low fixed rates in the mid 4s along with multiple ARM options if the borrowers choose.

"Investors have been slow to embrace the return of jumbo loans over the past year as a result of the risk factor," said Mat Ishbia, president of United Wholesale Mortgage. "We are one of the few lenders in the country that has the capability to underwrite, close and fund jumbo loans all under one roof. UWM has the ability to offer this program based on its exceptional reputation of originating the highest quality loans across the country." Ishbia added: "Our quality of business is a direct result of our account executives working only with brokers that have proven to originate quality loans and our centralized team of underwriters ensuring that these loans will perform."

UWM has dubbed the product "The Big and Easy" due to the size of the loan it can fund coupled with the straightforward, trouble-free process that UWM has established. UWM offers brokers a number of different tools to make them more successful. Among them are EASE (Easiest Application System Ever), its broker portal, and Easy Qualifier (EQ), its product and pricing engine. Further, the accessibility to UWM's customer service staff and quick underwriting turn times attracts top tier brokers who produce high volumes of quality loans. The Big and Easy can be priced and underwritten using EASE and EQ.

The Big and Easy offers a variety of financing options that include a 30-year fixed, 15-year fixed, 10-year ARM and also a 5-year ARM. This program accepts FICO scores as low as 720. Eligible property types for The Big and Easy include primary residences, second homes, condominiums, PUDs (planned unit developments) and double units. Officials at UWM say it is the only true jumbo loan in the country that originators can close in two weeks or less and they expect UWMs volume to rise significantly within the next year.

Notably, in September UWM was named a Top 25 Tech-savvy lender by Mortgage

Technology magazine and is currently one of the top wholesale lenders in the country. Details about The Big and Easy can be found by clicking here http://www.uwmco.com/the-big-easy-jumbo - or by calling 800-981-8898.

About United Wholesale Mortgage:

Headquartered in Birmingham, Michigan, United Wholesale Mortgage underwrites and provides closing documentation for residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents. UWM provides unparalleled service with its deep understanding of the mortgage process using its talented team of account executives, underwriters, closers and funders, who have years of experience with intricate knowledge in wholesale. UWM's positive teamwork and dedication to exceptional customer service has resulted in continued success and growth that has spawned expansion. For more information, visit www.uwmco.com or call 800-981-8898.

CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685
jbowerbank@profunditymarketing.com .

News Source:
MORE INFORMATION:
For more information regarding this press release, please visit:
http://www.uwmco.com
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

PERMALINK:
https://www.send2press.com/newswire/2011-12-1206-002.shtml
  LEGAL NOTICE AND TERMS OF USE:  
The content of the above press release was provided by the “news source” (United Wholesale Mortgage) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2011 United Wholesale Mortgage with newswire version Copr. © 2011 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Sep 27 2016:
[ count retired 8.4.16 ]


back to top
REFERENCES: residential mortgage loans, mortgage closing documentation, mortgage closing documentation, Mat Ishbia, jumbo loans, residential mortgage loans originated by mortgage brokers, banks, credit unions and correspondents, Michigan, news, press release from United Wholesale Mortgage, Dec 6, 2011, Banking and Finance, Business, Real Estate, Birmingham, Michigan, United Wholesale Mortgage Rolls Out Jumbo Loan Product up to $2.5 Million