Tag Archive for: broker channel

Terrifying Class Action Suit Against UWM (Largest Mortgage Bank); Just like NAR!

We compete viciously against mortgage brokers who send their loans to United Wholesale Mortgage (UWM) – and I am going to defend those brokers and UWM equally viciously. UWM is […]Read More

Chaos In The Mortgage Broker Channel (UWM Sues Its Customers); Fascinating Observations

I have blogged about the three channels for mortgage banking several times. The channels include (1) banks and credit unions that offer mortgages along with checking, savings and commercial lending; (2) mortgage banks that only underwrite and fund mortgages (JVM’s channel); and (3) mortgage brokers who only originate loans but package and submit them to other “wholesale lenders” that underwrite and fund them.Read More

Why We Don’t Align With UWM/Broker Channel

Most Innovative Company in Mortgage One of the most innovative companies in the mortgage space is also the largest wholesale lender. As a reminder, there are Three Primary Channels For […]Read More

Importance Of Own Appraisal Panel! Why We Left The Broker Channel

We used to navigate the broker channel with amazing efficiency b/c we knew every lender’s guidelines and systems so well, and our volume and reputation allowed us to curry many […]Read More