Tag: mat ishbia
United Wholesale Mortgage Has Cut 30 Percent Of Its Staff
United Wholesale Mortgage has reduced its staff by 2,600 since 2021. This 30% Of It’s Staff Since January 2021, United Wholesale Mortgage has let go of 2,600 employees. The company has gone from 8,600 employees to 6,000. This contradicts CEO Mat Ishbia that UWM hasn’t laid anyone off. Ishbia even stated it again in a…
Mountain West Financial Pulls Plug On Wholesale Lending
Mountain West Financial Closes Wholesale Channel. Are They Another Victim Of The UWM Juggernaut? You can add Mountain West Financial to the list of lenders unable to compete with the juggernaut of United Wholesale Mortgage. The California-based company informed its broker network last week that it has “made the difficult decision to take a…
United Wholesale Mortgage Posts 55% increase In Income In Q2
United Wholesale Mortgage Bucks Industry Trend By Posting 55% Increase In Net Income In Second Quarter United Wholesale Mortgage Holdings on Tuesday posted a net income of $215.4 million in the second quarter. This is a 55% increase from 2021. The suburban Detroit lender also posted profits on $29.9 billion in loan origination volume for…