July 1, 2024
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Mortgage

Will AI replace mortgage jobs? Not exactly, execs say

  • June 5, 2024

UWM, the top U.S. mortgage lender in the first quarter of 2024 with $23.4 billion in volume, has developed its technology in-house with “very few partners,” a method it used to “control the product,” Bressler said. Bressler said that UWM gives its technology away for free so brokers can compete against anybody, creating loyalty to

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Mortgage

UWM sued over ‘corrupt’ scheme with brokers to steer loans

  • April 3, 2024

Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.” The lawsuit was filed on Tuesday in a Michigan district court by Therisa D. Escue, Billy

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