Office address: 585 South Blvd E., Pontiac, MI 48341
Website: www.uwm.com
Year established: 1986
Company type: financial services
Employees: 7,000+
Expertise: conventional mortgages, FHA loans, VA loans, USDA loans, CEMA loans, wholesale and correspondent lending
Parent company: N/A
CEO and key people: Mat Ishbia (CEO), Adam Wolfe (sr. VP, chief legal officer), Alex Elezaj (CSO), Sarah DeCiantis (CMO), Desmond P. Smith (CGO), Jason Bressler (chief digital officer), Laura Lawson (exec VP, chief people officer), Melinda Wilner (COO)
Financing status: N/A
United Wholesale Mortgage is a mortgage lender headquartered in Pontiac, MI, focusing on supporting independent mortgage brokers rather than directly servicing consumers. Their operational efficiency is highlighted by its turnaround times, with loan processes averaging just 17 days, instead of the industry average of 43 days. It is supported by over 7,000 employees, operating in all 50 states.
United Wholesale Mortgage began in 1986 when Jeff Ishbia founded the company, then known as Shore Mortgage, while he was still practicing as an attorney. Over the years, the company evolved from its original focus on conventional and FHA loans to become one of the largest mortgage solutions companies. It became publicly listed in 2021 via a record-setting SPAC deal, achieving the highest valuation for such a transaction.
United Wholesale Mortgage provides multiple different offerings, designed to meet its customers' lending needs. These include:
United Wholesale Mortgage looks after its employees by providing them with a work environment that has a variety of rewards and utilities. The company also provides an array of employee benefits including:
United Wholesale Mortgage promotes a corporate culture rooted in a set of six pillars that guide its operations and interactions. These pillars emphasize the importance of:
Mat Ishbia has served as the CEO of United Wholesale Mortgage since 2013. Prior to being appointed as CEO, he was named president of the company in 2003. He has a business degree from Michigan State University.
Supporting Ishbia in leading the company is a team of executives including:
United Wholesale Mortgage is enhancing its digital platforms, including Blink+ and BOLT, to streamline processes for mortgage brokers. It has also invested in broker support through training programs and tools like Brand 360 and Success Track. The company continues to explore strategic acquisitions and partnerships to expand its capabilities, aiming to lead in wholesale mortgages and support brokers.
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Purchase activity jumped week over week and outpaced year-ago levels, even as the 30-year fixed rate hit 6.46%
