United Wholesale Mortgage Makes Income Calculator Available for its Brokers

Exclusive Underwriter tool made available to UWM clients to instantly calculate borrower income

| From
Mat Ishbia

TROY, Mich., Oct. 25, 2013 (SEND2PRESS NEWSWIRE) -- United Wholesale Mortgage (UWM), the fourth largest wholesale mortgage lender in the nation, announced that it has custom developed an Income Calculator for brokers to accurately determine a borrower's wages on the 1003 application.

UWM's proprietary Income Calculator resides within its broker portal, EASE (Easiest Application System Ever), where it can be accessed and utilized by approved brokers. The Income Calculator is the same tool that is used by UWM's underwriters to correctly calculate borrower income. As a result, accuracy and efficiency is ensured, discrepancies are reduced, the process is sped up, and brokers are able to better and more quickly service borrowers.

The Income Calculator works by UWM's brokers simply logging on to EASE, uploading the 1003, and clicking a button to return the results. Brokers can then save the results for underwriting to review. In addition, brokers are able to access UWM's Income Calculator via smartphones and tablets.

"Our development of this new tool for brokers to quickly calculate income was done to help further position them as experts in lending to their customers," said Mat Ishbia, president of UWM. "The Income Calculator is the same tool used by UWM underwriters. By sharing it with our clients, they in turn become income experts. We're constantly innovating and arriving at new tools and services to help make our brokers as successful as possible. The Income Calculator is yet another component that has been added to our arsenal of solutions that we offer at no cost to our clients."

Ishbia added: "One of the biggest issues that brokers face is whether underwriting will arrive at the same income calculation that the broker does. With our development of the Income Calculator, however, we have completely eliminated this issue since both the broker and the underwriter's calculations will mirror one another. It just makes getting deals done faster and easier."

Interested brokers can learn more about UWM's new Income Calculator by contacting their account executive at 800-981-8898.

About United Wholesale Mortgage:
Headquartered in Troy, Michigan, United Wholesale Mortgage (UWM) 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 or call 800-981-8898.

Joe Bowerbank
Profundity Communications, Inc.

News Source:
For more information regarding this press release, please visit:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

Shortlink to this press release:
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. © 2013 United Wholesale Mortgage with newswire version Copr. © 2013 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 Oct 22 2016:
[ count retired 8.4.16 ]

back to top
REFERENCES: Mat Ishbia, broker portal, Mat Ishbia, EASE, Easiest Application System Ever, United Wholesale Mortgage, uwm, income calculator, wholesale mortgage, easiest system ever, ease, mat ishbia, broker portal, news, press release from United Wholesale Mortgage, Oct 25, 2013, Banking and Finance, Finance, Computing, Troy, Michigan, United Wholesale Mortgage Makes Income Calculator Available for its Brokers