Pontiac’s UWM Celebrates 24.3% Broker Market Share in Q4

United Wholesale Mortgage (UWM) in Pontiac is celebrating growth in broker market share — 24.3 percent for the fourth quarter of 2023, according to data from the Inside Mortgage Finance (IMF) website.

According to UWM, mortgage broker market share has steadily been on the rise for years. This is the company’s highest broker market share since 2009.

“Mortgage broker market share hitting a 15-year high is not only an outstanding achievement, it is a testament to the care, commitment, and passion brokers across the country pour into putting their borrower’s needs first,” says Mat Ishbia, president and CEO of UWM. “We are extremely proud to be laser focused on the wholesale channel because we’ve always known it is what is best for the borrower and the loan originator.”

This growth demonstrates consumer confidence in mortgage brokers has been restored, and 2021 Home Mortgage Disclosure Act data shows consumers save an average of $9,407 over the life of their loan by working with a mortgage broker versus a retail lender or bank, says Ishbia.

Consumers and real estate agents can go to MortgageMatchup.com to get connected with an independent mortgage broker in their local area.

UWM states its focus on one channel, along with cutting-edge technology, and a client-centric approach, has allowed it to position itself as the preferred choice among mortgage brokers. The company’s commitment to delivering “outstanding service is coupled with a heavy investment in technology and innovation to ensure mortgage brokers remain at the forefront,” Ishbia says.

As the mortgage industry continues to evolve, Ishbia says UWM is working to remain a leader in innovation, continuously adapting to meet the changing landscape and market cycles. Through ongoing collaboration with mortgage brokers, UWM says it’s working to identify emerging trends and developing tailored solutions that address the evolving needs of the company’s clients and their borrowers.

The post Pontiac’s UWM Celebrates 24.3% Broker Market Share in Q4 appeared first on DBusiness Magazine .